Advice Pool - Real Estate

How many times have you heard people grumble about taxes? Eventually, they get tired of simply complaining about how much money in taxes they have to pay an

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

d move on to how much money on taxes the rich DON'T have to pay. It can be frustrating, can't it, knowing that people with less money get fewer breaks than

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

eople with loads of money? It's frustrating because it isn't fair. And if you happen to be one of the people on the low-income/high tax-percentage side, the

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

you may experience some resentment.

Well, the fact is, no amount of grumbling and complaining is going to make the powers that be suddenly make things fai

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

for you. This is because of the Golden Rule: “He who has the gold, makes the rules.” Chances are, they are going to make the rules in their favor. They're

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

going to keep all the good tax breaks to themselves. They are going to tell you there just isn't enough money to go around, even as you watch so many people

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

drive around in so many expensive cars and eat in so many posh restaurants. Even politicians who promise tax breaks to the downtrodden masses—even the ones

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

ho are sincere in their desire to help the average working stiff—are limited in their ability to affect the system.

That's why you are going to have to tak

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

action. Don't be one of the downtrodden masses. If you want more money, you are going to have to go get it yourself. And yes, you too can get more money in

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

the form of tax breaks.

In his Rich Dad book series, Robert Kiyosaki advocates figuring out what the rich do to be rich, and do that. Except that you don't

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

have to figure it out. He didn't even have to figure it out, because he had a rich “dad” to tell him the secret of the rich: investing. Especially in real e

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

tate.

“One of the reasons I chose to work predominantly in the B and I quadrants are the tax advantages,” he says in his book “Cash Flow Quadrant.” The cas

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

flow quadrant, after which he named the book, is his rich dad's diagram of the four different kinds of people, with respect to where they get their money a

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

d their philosophy about procuring money which, oddly enough, match up. In other words, people who are Employees have one set of values while the people who

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

are Self-employed have another.

Kiyosaki prefers to belong to the Business and Investment quadrants because that, he says, is where the money is.

You know

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

the saying, “If you can't beat 'em, join 'em.” That is good advice, especially if the guys you want to beat are the rich. It's actually great news that they

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

are getting so many tax breaks. That means that, when you become one of them, you will get those same tax breaks, IF you know how.

Here's how. You become o

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

e of them by using investments to make your money multiply. You can do that while remaining also in the E and S quadrants, if you are well-paid, but Kiyosak

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

advises that you join the B quadrant, by building a business system that will essentially work on its own without much input from you. Then you can either

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

eep it or sell it, but you must invest.

Investing, preferably in real estate—condos, rental property, land and the like—is your ticket to financial freedom

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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