Answers - Real Estate

When searching for a Realtor, particularly an agent that will be representing you in a purchase as a first-time h

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

omebuyer, it is important that you feel comfortable with them, and be able to communicate well. But don’t make a

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

Examples of combination products may in

decision necessarily on how much you like or “feel” good about the agent…that can be a costly mistake. Remember,

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

his is the professional who you are trusting to locate homes meeting your desires and needs, and more importantly

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

, who will be presenting offers and assisting you in negotiating for the largest investment you may ever make.

Q

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

Combination pro

estions you should ask an agent who you are considering working with:

How much experience do you have? – Keep in

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

mind when listening to their answer that experience doesn’t necessarily equate with years in the business, altho

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

ugh most of the time, it will. Just because an agent has been “in the business” for 5 years doesn’t mean they sel

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

a lot of homes. If an agent is newly licensed, there is a possibility that their inexperience could cost you in

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

terms of lack of expertise.

How many Buyers have you worked with in the last year? – Knowing the answer to this

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

uestion will give you a good idea of how efficient the agent is at finding and negotiating for buyers. What kin

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

Following aspects would a

d of advanced education do you have? – The best Realtors are constantly seeking education and obtaining various d

dd to the challenges in developing combination products:

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

esignations for their achievements. What makes you better than your competitors? – Realtors who give positive a

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

swers about their abilities and strengths are what you are seeking. Look for favorable answers relating to:

Hone

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

sty/Integrity
Friendliness
Availability
Negotiation Skills
Local market knowledge

Wh

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

t advice do you have for me? – As a first-time homebuyer, it is important to work with an agent who will take tim

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

Professional from academic institutions, pharmaceutical industries, health care indust

e to explain the process as you go through it. You should feel that this Realtor has your best interests in mind,

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

and will be patient with your lack of experience and knowledge as a first-timer.

While it is very important tha

.

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

you feel comfortable with the Realtor® you choose to work with to find your first home, it is also important to

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

Companies that provide selfless information through particip

make sure that person is competent and professional. These questions will help determine their level of expertise

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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