Advice Pool - Real Estate

Mallorca property prices in the South West are set to boom: There have been rumours for some time that there were plans to expand the A

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

driano Marina (and some did have inside knowledge that this was so) however, until now, nobody had been able to confirm the details as c

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

Examples of combination products may in

onfirmation of the project had not been made publicly available.

Starting in last Friday’s edition of our trusty local paper, the Major

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

ca Daily Bulletin, we at last have concrete details of the extension to Port Adriano, the Marina of El Toro – and the word is WOW! We 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

had varying reports on the size of the extension, but what has now been approved by both the Local Council and the Balearic Central Gov

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

Combination pro

ernment will turn Port Adriano into one of the best Marinas in the Mediterranean basin – why? Because throughout the Med, the demand for

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

moorings for the Millionaires’ Superyachts is at an all time high – and Port Adriano is to have moorings for Superyachts of up to 200ft

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

.

And as any savvy investor knows, one thing’s for sure – money attracts money, and the influx of wealth into the area will mean that t

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

e property prices in El Toro, Nova Santa Ponsa and arguably Santa Ponsa will skyrocket – and the proof of this is what is proving a bit

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

of a negative on the Real Estate listings side – many equally savvy vendors have, in the last couple of weeks, removed their properties

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

from the market, and just on the rumour that the Marina project was about to be announced publicly. They know that the property prices w

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

Following aspects would a

ill soar, they don’t need to sell – so why not wait? (Local experts in the Real Estate sector are predicting up to 20% increase in prope

dd to the challenges in developing combination products:

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

ty values within the next 2 years).

Further evidence can be seen just down the coast. Those of you familiar with Mallorca past and pre

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

sent will remember the days prior to Puerto Portals. Before the marina was built, Portals Nous was little more than a commuter town for

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

Palma whereas now it is a playing ground for the rich and famous. Familiar faces such as Claudia Schiffer, David and Victoria Beckham,

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

the Schumaker brothers and many more, can often be seen in the various restaurants and bars, and it is a known favourite of King Juan C

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

Professional from academic institutions, pharmaceutical industries, health care indust

rlos himself.

I don't need to tell you about property prices, especially if you have ever tried buying an apartmet in Portals village,

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

let alone the Port, or a villa in Bendinat or Costa d'en Blanes ... prices are at an all time premium. And why not, after all, the port

.

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

is competing with Peurto Banus and Monte Carlo, and probably winning!

So if you are looking for a sound investment, then maybe you sho

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

Companies that provide selfless information through particip

uld look no further than Puerto Adriano in El Toro, SouthWest Mallorca, it's set to be the next big playground for the rich and famous..

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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