Answers - Real Estate

REALIGRO LATVIA REAL ESTATE has created several new services for its clients and it aims to be

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

one of the Latvia leaders in real estate sector.

It offers Real estate mediation services with

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

Examples of combination products may in

land plots, houses, private houses, flats, newly constructed buildings, office premises, comme

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

rcial area, mansions, exclusive objects, off-plans purchasing, selling, renting in whole territ

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

ory of Latvia, Riga and Riga's region. Document checking of property, processing for obtainin

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

Combination pro

g or selling property. Property registering in land register. Real estate agents. Consultations

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

for investment project distribution. Investment project processing. Loan processing for obtain

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

ing property. For the moment REALIGRO LATVIA REAL ESTATE services consists in:

• Real estate

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

deals organization:

a) real estate (the objects of secondary market – apartments, houses, co

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

mmercial objects (offices, premises for sale and production) sale / renting

b) new projects (b

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

asically – apartments in newly constructed buildings and offices in modern complexes), which me

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

Following aspects would a

et the requirements of European standards, sale / renting

• Wide use of data base of real esta

dd to the challenges in developing combination products:

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

te offers for both clients – potential buyers, tenants and real estate owners

• Legal services

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

for real estate

• Management, service and administration of real estate

• Real estate Estima

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

tion / appraisal

• Real estate Insurance

• Special services for investors and developers of p

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

rojects

• Marketing plan working-out and realization for projects of different types

• Organi

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

Professional from academic institutions, pharmaceutical industries, health care indust

zation of financing for both individual real estate purchases and big investment projects

• Se

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

rvices of market research, according to the client’s request

• Business brokerage services – s

.

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

ale of business

• Business Estimation / appraisal

• Interior projects design

• Real estate p

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

Companies that provide selfless information through particip

urchase in Italy and Bulgaria (for local persons)

• Real estate investments in (for investors)

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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