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Answers - Realtors - How to Find the Right One for You
Why is it important to find the right Realtor? Because this person is going to be representing you in one of the most important transactions in your lifetime. Unless you have a huge portfolio, a home purc
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
hase will involve more money than you normally deal with. Treat this transaction with the consideration it deserves and don't leave anything to chance!
It's critical that you take the time to interview se
It's critical that you take the time to interview se
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
eral different agents before making a choice. The worst thing you can possibly do is to find a home that you like...and then call the Realtor who has their name and number on the yard sign! In the first p
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
lace, this Realtor is representing the seller of that property...and you should have your own representation. Secondly, you don't know this agent's personality or work ethic. You don't know the scope of
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
ervices they offer...or their background.
Before you start looking for a home, it's vital that you talk to different agents until you find one that is a good match for your personality. Find answers to th
Before you start looking for a home, it's vital that you talk to different agents until you find one that is a good match for your personality. Find answers to th
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ese questions:
- What services do they offer to homebuyers? Do they offer total representation, or has their broker "designated" them to work with you? Will they be available to "preview" homes 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 you in case you can't be there?
What is their experience level? The search for your new home is a journey, sometimes encountering problems that you don't anticipate. An experienced agent has like
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
ly run across more issues than an inexperienced agent...and can head-off many problems before they take root and grow.
Does this person smoke (or have a problem with people who do)? This can quickly b
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
come a problem because you're likely to be spending a lot of time with them. And even if they don't smoke in the car, the smell might bother you. Or vice versa. If you smoke, it might be a bother to them
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
. And don't forget a problem just as bad...perfume! Many people are allergic to perfume...and can't stand the odor. These are odd questions, but I see them come up more often than you would think!
D
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
you get the feeling that this person is "pushy"? Or just trying to make a sale? If the Realtor seems pushy to you, you might wonder if they are pushy to others. Will they possibly antagonize the sellers
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
or their agents in an attempt to negotiate for you? You will surely want a strong negotiator, but there is a fine line between effective negotiation and causing negative feelings with people involved in th
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
e other side of the transaction. When sellers feel pushed or insulted, most negotiation stops right then and there!
Does this agent have strong political or religious views that you don't agree with?
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Often, when spending several hours at a time in the car...these issues can come up and cause a conflict between the agent and their clients. I've had more than one person call me and say that they're looki
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
ng for a new agent because they are being "preached to". And, it can be very offensive behavior.
These are just a few ideas to think about. Your relationship with a Realtor is often short-term, but
These are just a few ideas to think about. Your relationship with a Realtor is often short-term, but
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
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
can be very volatile. Even in the best of circumstances, pressures can build because there are so many chances for problems to arise. Finding the home...negotiating with the sellers and their agent...appl
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
ying for a mortgage...working with a home inspector...termite letters...title searches...the list can go on and on. And problems often arise...and the way they are handled can make all the difference in wh
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ther you have a smooth or rough transaction.
You might want to ask the agent how they would handle a particular problem. Get a feel for the way this person answers the question. Are they giving you an op
You might want to ask the agent how they would handle a particular problem. Get a feel for the way this person answers the question. Are they giving you an op
.
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
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
en, honest answer or do you sense a "bristling" in their answer.
Establish the way you prefer to communicate. Do you want phone calls? And if so, what time of day is better for you? Or, would you prefer
Establish the way you prefer to communicate. Do you want phone calls? And if so, what time of day is better for you? Or, would you prefer
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
e-mails? Always make sure you understand each other.
Finding someone that you can trust and feel comfortable with does take some effort, but the resulting smooth transaction will be well worth that effort
Finding someone that you can trust and feel comfortable with does take some effort, but the resulting smooth transaction will be well worth that effort
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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