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Why should you take out a second mortgage or a home equity line of credit inste

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

ad of refinancing?

Well,………You Shouldn’t!!

Why Not?

1. Second Mortgages usua

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

Examples of combination products may in

lly have an interest rant that is twice or even three times as high as your fir

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

st mortgage rate. You can refinance instead and keep a very low rate. In the

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

long run a second mortgage will just cost you money in interest charges.
2

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

Combination pro

. Home equity lines of credit are designed for mortgage account executives (sal

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

espeople) to sell you on using it like a credit card attached to your home. Th

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

y will try to convince you to use it over and over again.
3. A refinance l

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

oan is better for the equity in your home. Very few companies will refinance y

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

our home at 100% of it’s value without forcing you to take out a second mortgag

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

e. You don’t want to use 100% of your equity because that means you no longer

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

Following aspects would a

have that equity to fall back on in emergency situations.
4. Second Mortga

dd to the challenges in developing combination products:

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

ges and Home Equity lines of credit are designed to provide account executives

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

(salespeople) with another tool to sway you into putting another commission in

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

heir pocket.
5. Your equity is a precious thing and should not be used for

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

unnecessary add ons or impulse buys. If you don’t need it and there is even a

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

Professional from academic institutions, pharmaceutical industries, health care indust

slight chance you can’t afford it, then don’t get a second mortgage to buy it.

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

The only reason that I would ever recommend a second mortgage or a home equit

.

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

y line of credit is in an emergency situation. Only when there is no other op

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

Companies that provide selfless information through particip

tion and you must take out a loan would I recommend either one of these options

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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