Answers - Real Estate

According to the Florida Association of Realtors, statewide sales for single-family homes dropped 2

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

7% in January 2007 as compared with sales for January 2006.

The Florida numbers shot down from 12,

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

Examples of combination products may in

906 houses sold in January ’06 to 9,382 houses sold in January’07.

In Tallahassee, realtor sales o

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

single-family, existing homes dropped 31%, which while isn’t the largest drop statewide; Tallahass

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

ee ranks among one of the deeper drops in the state.

The good news is that houses will continue to

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

Combination pro

be bought and sold. Maybe not as many, which means the competition to maintain market share will b

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

that much greater.

What can savvy real estate agents do to increase their opportunities regardles

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 of market dips and fluctuations?

In our increasingly paperless world, differentiating yourself m

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

eans more than simply investing in print advertising and expecting the classic strategies to offer

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

he same bang for the buck that they once did.

With more than 77% of real estate buyers using the I

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

nternet for home searches, it is a no-brainer to realize that online presence is essential.

But th

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

Following aspects would a

e reality is everyone has a website. So how do you differentiate yourself from all the other realto

dd to the challenges in developing combination products:

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

s who engage in real estate activity in Tallahassee, Florida or anywhere else for that matter?

If

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

someone is looking for a house, it is much easier to sit down at the convenience of their computer

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

and do an Internet search, where not only with the click of their mouse, are they able to see avail

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

ble properties in their price range, but they can take virtual tours.

As a realtor you know all th

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

Professional from academic institutions, pharmaceutical industries, health care indust

is. But what you might not know are the ways to engage house hunters’ interest before they agree to

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

work with another agent.

The future of the real estate business will be sunny for those who embra

.

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

e the paradigm shift to online initial engagement. You can achieve this through fresh, rich content

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

Companies that provide selfless information through particip

that stirs the imagination and speaks into the soul.

(c) Kathi Dameron, Kathi Dameron & Associate

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 - Sunny Real Estate Forecast For Savvy Realtors Despite Market Dips and Fluctuations

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