Answers - Real Estate

Area Description

Truth to be said, Central Coast California Real Estate market is only a small fraction of the California real estate indu

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

stry, but an important one. First of all, with roughly 3% of Golden State's population and no major metropolitan area, the Central Coast is one of calmer and

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

Examples of combination products may in

more serene areas in California. Then, the median real estate prices in the area are around 20% higher than the California's average, but with the exception of Santa

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

Barbara, it is not the area of $1,000,000+ houses. And last, but not least, located between the San Francisco Bay and Los Angeles areas, the Central Coast counties

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

offer fabulous views and over 250-mile long coastline including the famous Santa Barbara beach. All of that, taken together, makes the Central Coast counties one of

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

Combination pro

the areas of California most likely to be a destination of off-state real estate buyers.

Trends' overview

Central coast California Real Estate mar

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

ket was hit by the general real estate industry slowdown just as bad as any other part of California. In 2005 and 2006, relatively high prices of properties and dwin

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

dling number of buyers caused a sharp drop in the number of sales. For now, central coast counties economy suffers from the same problems which haunt the rest of the

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

California real estate market. Buyers feel that the property prices should go down, sellers still hope to sell their houses for premium prices. Both buyers and sell

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

ers are dug deep into their positions, waiting for the other side to make the first move.

However, there are some signs which may indicate that the recent problems

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

are over, at least in the Central Coast California real estate market. It is too early to talk about any strong or long-term trends in the Central Coast California r

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

Following aspects would a

eal estate market, but...

*while the median price of houses in California rose between April, 2006 and April, 2007 by 3.4% to $484,000, the median prices of propert

dd to the challenges in developing combination products:

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

ies in the three of four Central Coast counties (Montery County, San Benito County, and San Luis Obispo County), actually fell down by around 4%. Even in Santa Barba

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

ra County, where the median prices of properties rose, several towns noted slight real estate prices reduction (8.01% price reduction in Santa Maria is the most obvi

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

ous example). While the slowdown in the California real estate industry is a fact, the Central Coast counties may be on the verge of overcoming its problems.

*while

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 number of sales is still falling down sharply statewide, some areas of the Central Coast report increase in existing home sales; *new home construction rate is

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

Professional from academic institutions, pharmaceutical industries, health care indust

rising. For example, in Santa Maria (the northern part of the Santa Barbara County), there are 20% more residential building permits issued in the first three months

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

of 2007 than during the same period of 2006.

All of that may indicate that the Central Coast California Real Estate market may be among the first to recover from t

.

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

he real estate market problems. And, as the condition of the real estate market influences all other areas of local economy, the recovery is also likely to positivel

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

Companies that provide selfless information through particip

y affect other local industries as well. This in turn will have a serious positive effect on all Central Coast communities, making the area even better to settle in.

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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