Answers - Real Estate

The second home market is experiencing a boom time, 1/3 of all homes sold las

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

t year were for second homes. Many of these second homes were bought for inve

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

Examples of combination products may in

stment also, to be rented or for tax benefits and appreciation. Many will be

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

used as retirement residences in the future.

76 million baby boomers will re

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

tire in the next 15 years. The biggest number of boomers turned 50 this year

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

Combination pro

and last, and at 50 years old, statistically people begin to shop for a retir

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

ement residence.

Where do boomers want to be in retirement? On a golf course

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

? Although many do, most want to be in walkable communities, with shopping an

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

d dining options. Many want to return to school, and pursue educational inter

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

ests they never had time for before.

Do boomers want McMansions? Although so

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

e do, most will not be able to afford larger homes in retirement and will opt

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

Following aspects would a

for more communal living options like condos and townhouses and smaller cott

dd to the challenges in developing combination products:

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

age-style communities.

Smaller more efficient spaces that require less upkee

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

p and maintenance will be even more popular. 2005 saw record number of condo

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

sales.

But with these smaller spaces, boomers will require more luxury and a

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

mmenities. Upscale baths and kitchens, high-tech wiring, luxury trim and qual

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

Professional from academic institutions, pharmaceutical industries, health care indust

ity. Outside their living space, communities will need to provide Work out fa

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

cilities, pools, and communal gathering spaces.

By sharing the cost of these

.

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

facilities, boomers will be able to afford the lifestyle for which they desi

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

Companies that provide selfless information through particip

re and have become accustomed to while affording multiple homes in retirement

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 - What I Really Want in a Vacation Home

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