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I am a Professional Housing Consultant (P.H.C.) certified by the Manufactured Housing Association and have spent many years in the manufactured home industry as a sales representative /sales m

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

anager for retail sales centers. Because of my vast experience, I would like to share some financing tips with seniors like myself. Let me begin by going back about ten or fifteen yea

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

Examples of combination products may in

rs ago. The manufactured home industry was booming. There were many finance companies available all of which were competing for your business. They would finance almost anyone at a high inter

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

est rate and with little or no down payment. The retailers would take almost anything and show it as a down payment and highly inflate the value. As a result this category of customer would ha

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

ve no investment in their home. To make matters even worse the communities were offering free lot rent for one year or more.

Most of us in the industry knew what was going to happen. However

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

Combination pro

, no one knew when it would happen. It eventually came to pass in the ‘90’s….…a large majority of these owners simply walked away and let their homes be repossessed by the finance companies

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

As a net result of all these repossessions most of the finance companies either went bankrupt or stopped lending to any mobile or manufactured home owner. Many retailers also went out of bu

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

siness. I happened to work for the largest manufactured home retailer and manufacturer in the world at that time. They also had to file bankruptcy and ended up going out of business.

Now let

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

’s talk about the good part of the industry, seniors like you and me!

Many of us secured our home investment by either paying cash or putting down a substantial down payment with the result b

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

eing that most of us are enjoying our investment and our lifestyles today.

However, those unexpected bills or rising costs keep coming in. There are a number of seniors that have had

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

to leave their comfortable homes and go live with their children. Many have had to give up the activities they like to do. Some have lost a spouse and some income.

Let me explain how I han

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

Following aspects would a

dled my situation as unexpected bills came in.

First
I located a finance company that wanted my business.
This information is available at my websites liste

dd to the challenges in developing combination products:

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

d at the bottom of this article.

Second
I borrowed fifty thousand dollars on my home with payments amortized over thirty years with interest only payments for the first

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

seven years.

Third
I paid off all my bills which amounted to about eight thousand dollars.

Fourth
I opened an interest bearing savings account, depo

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

siting five thousand dollars. This cash would be readily available for any emergency that arose.

Fifth
I put thirty-seven thousand into a high yield certificate of deposit
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
b>.

Now, for more good news………
The finance companies, by law, cannot age discriminate just because you are a senior.

I will be one hundred two years old when my mortgage ends.

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

Professional from academic institutions, pharmaceutical industries, health care indust
y out pocket expense is no higher now than it was before I refinanced.

You may go to any of my websites while still on line to see if financing or refinancing is right for you. This
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
will direct you to the companies I recommend. There also is an excellent insurance contact on the site. I received three quotes from them and put my car and home owners insur
.

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
ance with the same company and therefore saved a substantial amount of dollars on the home insurance.

These websites contain all the information you will need to make a wise decision.
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

Free Finance or Refinance Quote
Free loan or insurance Quote

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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