Answers - Real Estate

Most real estate agents are self-employed, independent contractors. I have noticed over the

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

few years I have been in real estate that many, mostly unsuccessful (read as new) agents, fa

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

Examples of combination products may in

l to attend any office meetings or training. Do successful Realtors regularly attend office

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

eetings or in-house training classes?

I have coined an unofficial term for agents who never

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

attend training, never make a sale, and have problems writing a contract.... Recreational Re

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

Combination pro

altor. According to Merriam-Webster dictionary recreational relates to something that is a m

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

ans "of refreshment or diversion, a hobby." Notice I said never attends, never makes sal

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

s and has problems writing a contract. Perhaps they should have a new designation R.r (

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

ealtor-recreational). behind their name. {Do not blast me as this does not refer to those wh

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

o do not fit this description.}

My guess is that if you are sharp enough to be an

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

ctive Rainer I doubt very seriously you are approaching your career in a recreational mode!

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

Following aspects would a

Successful Realtors are what I classify as vocational Realtor. According to Merri

dd to the challenges in developing combination products:

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

m-Webster dictionary vocation is relating to "the work in which a person is regularly employ

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

ed." Regular implies scheduled and routine.

I know from experience the amount of time a per

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

on spends in the office does not translate into the degree of success. In fact, I know that

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

n order to market yourself you must be out and about being seen and heard. I am not advocati

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

Professional from academic institutions, pharmaceutical industries, health care indust

g one become an office fixture. After all, in real estate only you can determine your level

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

of success (or failure). However, I do believe that early on in your real estate career you

.

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

eed to be more visible, taking every opportunity to learn from those who have succeeded.

I

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

Companies that provide selfless information through particip

hould not complain though because the recreational folks allow the rest to get more business

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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Answers - Are You a Recreational or Vocational Realtor?

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