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Answers - What Can My Buyer's Agent Do For Me?
In "Why Choose a Buyers Agent When Looking for your New Home", I talked about choosing a buyer's agent based on a call Toby took while on
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
floor-duty.
I received an interesting question from Janice:
I received an interesting question from Janice:
"Thanks for the advice, but what should I be asking in thi
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
s interview?"
That's a great question Janice! A buyer's agent should be able to do four things for you:
1. Find Y
That's a great question Janice! A buyer's agent should be able to do four things for you:
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ou a Home 2. Negotiate Your Home 3. Manage the Deal 4. Meet Expectations Sounds easy, but there is a lot more
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
to each of those than just the surface level.
Find a Home
In the age of sites like d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Find a Home
In the age of sites like d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
m/" target="_blank">Realtor.com and Zillow, this has taken on a different angle
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
than in the past. Experienced agents could hold the MLS over the head of prospective home buyers and they would feel that the agent had m
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
ore information than they did.
But, we go back to Toby's favorite saying "information is cheap, don't be cheap." So wha
But, we go back to Toby's favorite saying "information is cheap, don't be cheap." So wha
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
t is an agent's role in finding you a home? They can work with you to find the home, but it is the agent's role to point out issues with
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
the home — things that an agent will see more because this is what they are trained to do. Spotting potential defects — or even things th
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
at the seller may have omited that could increase the homes value (for example, hardwood floors under the carpet).
Negotiate You
Negotiate You
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
r Home
What is the goal of a buyer's agent? To get you the home you want in the best possible deal. Note that, I wrote deal — i
What is the goal of a buyer's agent? To get you the home you want in the best possible deal. Note that, I wrote deal — i
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
t isn't always the best price. It is the combination of the sales price, financing options, downpayment, etc. that leads to a great deal
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
that will ultimately provide the purchaser with the most enjoyment of the property.
Manage The Deal
Buying a home is e
Manage The Deal
Buying a home is e
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
xtremely stressful situation for a buyer, and if their agent is always saying "let me check." Don't you think that will add to the stress
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
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
level? So you want an agent that is experienced and keeps involved in the transaction from the beginning to the end of the deal.
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
g>Meet Expectations
There are a lot pitfalls that can send a deal packing as it heads through the stages. And you need to know
There are a lot pitfalls that can send a deal packing as it heads through the stages. And you need to know
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
what they are and the positive and negative reactions to your decisions. The entire deal is a "game of chance", and you need to know the
.
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
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
odds before playing.
The easiest example would be if you can only buy a home in the $100,000 range and the agent is showing you homes in
The easiest example would be if you can only buy a home in the $100,000 range and the agent is showing you homes in
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
the $300,000 range. Well you are never going to find a home that can meet your expectations in that location.
Good luck in your pursuit
Good luck in your pursuit
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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