Advice Pool - Real Estate

Real estate. . . No matter what kind you own or want to buy it’s still an investment. In fact, many people buy and sell real estate as a business and I’m not talking brokers or agents here

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 know who they are. They’re the ones who tell you about a deal they just did and boy did they ever make a bundle on it! How’d they do that? They made the property look good. It’s what

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

Examples of combination products may in

uyers interested in. How a property looks. So you see curb appeal really IS important.

Curb appeal takes a lot into consideration: Paint, siding, windows, doors, roofing, driveways, and ye

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

, landscaping. How many times have you driven past a property for sale and said to yourself: “That landscaping is really ugly. Why doesn’t somebody do something about it?” I know I have. If

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

you’ve bought real estate as an investment, did you concentrate on improving the landscaping or somewhere else first? Most leave the landscaping ‘till last or just don’t do anything to it a

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

Combination pro

all. Rumor has it, though, between 20 and 30% of the value of a property is in the landscaping. And it doesn’t matter if it’s income, industrial, commercial, or residential property either

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

Landscaping plays a big part in curb appeal and value of your investment. It can even draw customers to your business.

Let’s say that there were two homes for sale right next to each othe

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

r. One looked great and the other looked lousy. It doesn’t matter what shape the inside is in, people still look at the outside and determine the value. Guaranteed, the one with the better

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

andscaping will command a higher price and probably sell faster. What would you do if you bought the one with the lousy landscaping? Leave it for the next guy or make it look nice. If you w

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

re going to turn it and get your price, rent it out, or keep it as an investment you’d be putting something into the landscaping if you were smart. Admittedly, I’ve bought on potential and

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

ust sat on the property, but, sooner or later I had to pay to get the landscaping done. You better believe that landscaping looked great before it went on the market. And I got my price!

W

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

Following aspects would a

en I was going to list one of my properties my broker told me: “You’ll never sell it for that much” and I proved him wrong. I didn’t understand why he was so reluctant to list at my price.

dd to the challenges in developing combination products:

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

figured he was just going to make more on the sale if he did. Besides, I thought, we could have dropped the price if it didn’t sell, right? Well, he didn’t see what this place was going to

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

look like like I could in my mind. Anyway, the landscaping wasn’t going to be done until after I listed it. Now if I could have shown him what it was GOING to look like, maybe he would have

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

agreed with me on the listing price. And if I just could have shown him in 3-D what the place was going to look like he, and the landscaper, would’ve had a better idea where I was going wi

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

h it. They probably would have helped me with a few suggestions to increase the value while saving some money on the landscaping, so, I probably would have made a little more on it than I d

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

Professional from academic institutions, pharmaceutical industries, health care indust

d.

People know what’s goin’ on. It’s better to start with the outside. Shows pride of ownership, care for the neighborhood, for them, smart thinking, and being serious. Improves comps and

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

e-finance values, too! So, at the very least, get a 3-D landscape plan either before you close the deal or right after you do so you can show your broker, landscaper, appraiser, and re-fina

.

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

cing specialist what your real estate deal will look like when you’re done with it. Did you know that if you’re planning on re-financing, your appraiser will include the landscaping as part

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

Companies that provide selfless information through particip

of the value of your property? It’s a win-win situation. You get more cash because you up’d the value of your investment by improving the landscaping. And more for you is always good, right

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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