Advice Pool - Real Estate

Holding Open house events is one of the ways Real Estate Agents use to sell houses. Re

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

cently I had the pleasure of meeting one of the owners of Show & Sell. This team set u

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

Examples of combination products may in

their own business staging homes for sale.

They work to accentuate a home’s positive

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

eatures and minimize the negative features. This increases its attractiveness to poten

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

ial buyers. The team sells their services to the public by advising sellers on how to

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

Combination pro

how a home properly. Of course, they also offer their services to set up the house.

F

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

r more than twenty years, staging has been popular on the West Coast. The Internationa

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

Association of Home Staging Professsionals cites a study saying the average unstaged h

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

me spends more than five months unsold, while houses that are staged after being on the

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

market sell in an average of 14 days. While I have not verified the accuracy of this s

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

atement, I must conclude that homes staged by a professional will sell faster.

While s

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

Following aspects would a

taging is certainly an investment, perhaps owners who can’t make this investment, can h

dd to the challenges in developing combination products:

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

ve a consulting service look at their home and make suggestions. Show & Sell provide t

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

is service in Atlantic County, New Jersey.

If you are one of the owners who does this

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

hemselves, consider the following:

1. Reduce clutter. Clutter reduces equity.

2. Rem

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

ve personal effects.

3. Improve your curb appeal.

4. Paint those dreary rooms. Impro

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

Professional from academic institutions, pharmaceutical industries, health care indust

e appearances.

5. Do your spring cleaning. A little sprucing up works wonders.

6. Tu

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

n the lights on when the house is being shown.

7. Check other houses for sale in your

.

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

rea to determine what others are doing.

You can improve your chances of selling even i

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

Companies that provide selfless information through particip

the market is slowing. Do your due diligence prior to putting up your ‘for sale sign’

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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