Answers - Real Estate

Bulgaria joined the European Union this January and property specialists are anticipating that dev

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

elopments will increase. Interest among Maltese developers who are planning to invest in this coun

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

Examples of combination products may in

ry is increasing. For this reason bestmaltaproperty.com has set up a Bulgarian investments section

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

on it’s website. Potential investors can now easily decide if it’s feasible to invest in this coun

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

ry.

Bansko is the most sought after area at the moment, a new luxury development in this area con

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

Combination pro

isting of studio apartments to 3 Bedroom apartments, with sizes ranging from 30m? to 125m? includi

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

ng a basement and Underground car park is seeing price requests starting from only ?30,000.

Vitos

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

a Boulevard in the Bulgarian capital has been ranked among the world's top shopping destinations a

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

d ranked higher than shopping sites in Canada, Brazil, Finland, Sweden and Belgium. Sofia will soo

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

have a run for extreme skiing and snowboarding and at present there are golf courses in Elin Peli

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

, near the capital, one at Ihtiman and another one in Sliven.

Business opportunities in Bulgaria

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

Following aspects would a

are endless, real estate and land prices are extremely low when compared with Western European and

dd to the challenges in developing combination products:

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

most Eastern European states and the harmonisation of Bulgarian legislation with that of the Europ

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

an Union means that the actual process of a real estate transaction in Bulgaria is not that much d

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

fferent to the procedure that exists in Malta.

2006 has been a great year for bulgaria’s property

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

market and 2007 is expected to be ripe with opportunities. Bulgaria property is still gaining mome

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

Professional from academic institutions, pharmaceutical industries, health care indust

ntum. The number of foreigners buying Bulgaria property in 2006 rose by 70 per cent on the previou

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

year.

As the demand for Bulgarian property rises, estate agents advice Maltese property investor

.

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

to spread their options but is it better to put all the eggs in one basket in this case? The onli

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

Companies that provide selfless information through particip

e Bulgarian property market special for Maltese investors can be found at www.bestmaltaproperty.co

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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