Answers - Real Estate

Many potential home buyers do not realize it, but it is perfectly legal and perfectly acceptable to work with more than just one real estate agent when shopping for a home. Worki

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

ng with more than one agent can have significant advantages, such as a greater number of properties to choose from and greater real estate expertise.

It can sometimes be difficu

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

Examples of combination products may in

t, however, to make working with more than one agent work. There are several important things to keep in mind if you plan to use more than one real estate agent to find the home

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

f your dreams.

For starters, it is important to be honest with each of the agents. Let each agent know that you are working with another agent or agents. Remember that real esta

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

e agents make their living from selling properties, and they have the right to know when there is another agent involved.

If, on the other hand, one or both real estate agents e

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

Combination pro

press concern or resentment about your working with more than one agent, you may want to reevaluate your choice of agents. A good, experienced and competent real estate agent sho

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

ld not have a problem with you working with another agent, so long as you are honest and forthright. In many cases, letting each agent know that you are working with another agen

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

may spur both agents to work harder to find you a home.

It is essential, however, to keep the relationship with all the agents professional, and never to talk about one agent w

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

th another. Doing so shows a lack of respect for both agents, and it can come back to haunt you as the home buying process moves forward.

It is also vital to provide each of the

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

agents with your goals and objectives for the purchase of the home. In addition, let each real estate agent know your price range for the purchase.

When working with more than o

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

e real estate agent, it is very important to return all phone calls as soon as possible to keep the lines of communication open, and to avoid having the same real estate agent ca

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

Following aspects would a

l with information on the same property. Getting the same information from two or three different agents can cause problems and make the agents feel they are wasting their time.

dd to the challenges in developing combination products:

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

t is also a good idea to avoid going to open houses on your own. Doing so can cause additional issues between you and your agents.

After you have found a property on which you w

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

nt to make an offer, it is time to choose which real estate agent you want to represent you. This can be either one of the agents you have been working with, or even the listing

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

gent holding the open house you attend.

Working with more than one agent can have its challenges, but as long as it is done carefully it can have many advantages. It is importan

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

to honor the obligation to the agent and the information he or she has provided. For this reason, if you do find a home you are interested in buying, it should be purchased thro

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

Professional from academic institutions, pharmaceutical industries, health care indust

gh the agent who showed you the home or told you about it in the first place.

It is also important not to waste the time of either agent by asking him or her to show you a prope

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

ty you have little interest in. Remember that these agents make their living through selling property, and that their time is valuable as is yours.

The bottom line is that you s

.

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

ould not feel guilty about using more than one real estate agent to find a home. Using more than one agent can help you find a home more quickly and within your price range. The

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

Companies that provide selfless information through particip

est way to make this complicated relationship work, however, is to be honest with all the parties involved, and to be sure to reward the agents for their hard work on your behalf

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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