Advice Pool - Real Estate

So you're looking for a new house or a lot for sale on which you can build your dream house. You know

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

you need to enlist the aid of a real estate agent. Here are some tips that will help you find the ri

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

Examples of combination products may in

ht one.

The first thing to remember and, ironically, the most important thing for a lot of people, i

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

that your real estate agent will not be working for you. That's a common misconception. No matter wh

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

the real estate agent is and how close your personal ties may be, the agent's primary objective is t

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

Combination pro

o sell a piece of property to you. In fact, his income depends on that sale. The larger you pay for t

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

e property you want, the bigger his commission. Bear that in mind: it is in the real estate agent's i

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

terest to make you spend more.

Sometimes we become really comfortable and open with sales people tha

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

we share confidential matters that can have huge bearing on a potential sale. For instance, you may

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

tell them that you are desperate for a piece of property because you have to move out of your old hou

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

e within a week. This lets your sales agent know that they can sell the property to you at a high pri

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

Following aspects would a

e. As a general rule, don't let anyone know how much you are willing to pay for a new house or lot.

dd to the challenges in developing combination products:

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

ftentimes, the first question that a real estate agent throws at you is precisely that: how much are

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

you willing to pay? It's an old ploy so don't fall for it. In response, simply state the price that y

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

u want to pay and, if they ask again, tell them that's the ceiling. Add that if the seller does not a

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

ree to that price, then there is nothing to talk about and move on. Chances are great that a serious

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

Professional from academic institutions, pharmaceutical industries, health care indust

eller (or buyer, for that matter) will immediately turn down a prospect upon hearing the first bid. I

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

n all likelihood, a serious buyer or seller will negotiate and explore options.

Finally, don't let y

.

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

ur real estate agent choose the lawyer who will write up the property agreement, precisely because th

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

Companies that provide selfless information through particip

agent is trying to sell you something. It would be far better if you selected your attorney yourself

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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