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In my profession as a home inspector, I get to witness some amazing flipping deals. Some are profitable, so

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

me aren't. Here are the common mistakes I see flipper continuing to make.

#1. Falling In Love With The

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

Examples of combination products may in

ome: Hey, it's just a house built out of sticks and clay. There are thousands more. If you can't keep f

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

om falling in love with every home you see, then flipping homes isn't for you. Never forget it's a business

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

treat it that way.

#2. Keep Your Mouth Shut! There's an old saying in the Navy. "Loose lips sink s

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

Combination pro

ips". More than once I've inspected a home for an Investor and have the Investor call up a week later sayin

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

g they lost the deal to someone else. Some people just can't keep their mouth's shut. Wait until you walk a

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

ay from the closing table to tell everyone what a deal you made!

#3. First Impressions Are The Most Imp

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

rtant: Spend the dough on the landscaping and exterior of the front of the home. I've seen more homes s

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

ld and more homes fallen in love with (see rule #1) from a great first impression than any other single ite

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

. Clean and shiny door knobs, door knockers, coach lamps and address numbers will add to the impression. If

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

Following aspects would a

it doesn't add cosmetically to the home, get rid of it.

#4. Don't go overbored The simple fact is

dd to the challenges in developing combination products:

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

hat most homes can be flipped for a decent profit by cleaning and replacing the carpet and paint. Too many

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

imes flippers think they need to sink thousands of dollars on a home to make it sell.

Many times what happ

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

ns is they will remodel the home and it ends up being priced higher than anything in the neighborhood and s

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

ts on the market untill the Investor drops the price. Take a page from the flipping pro's book. Keep it to

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

Professional from academic institutions, pharmaceutical industries, health care indust

the basics. You're trying to make a profit, not make the front cover of a glamour magazine.

#5. When In

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

Doubt, Reread Rule #1 Some people need Rule #1 stapled to their forheads!

#6. Don't Get Greedy!

.

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

If you've priced your home well, then take the first offer that comes along. It's not worth your home setti

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

Companies that provide selfless information through particip

g on the market for months because you're too tight to come off the price a thousand or two. Reread rule #1

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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Selling your structured settlement payments can be a quick way to raise money in an emergency or if the periodic payments aren't meeting your specific needs. But before you decide to sell your structured settlement, you should understand when it might be a good idea to sell and how the process works.

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