Answers - Real Estate

1. List the Agent: This is basic step; one has to follow while buying and selling of house business. Today, large number of house was

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

sold by agents and the remaining is sold by the owners. It is best to select an agent because more than 80 percent of the property goes through agent

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

Examples of combination products may in

and remaining 20 per cent of the houses only sold by the owners. From the list, select a proper agent and make avail of the service provided by him.

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

2. Select the Agent: It is a difficult one to select an ideal agent for buying or selling a house. While making selection, follow som

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

necessary steps. From the list select the agent who you feel an ideal one. Check whether the houses shown are properly listed. See to that, he is a

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

Combination pro

experienced agent in real estate. Ensures the details collected by him are currently updated. Verify the documents shown by him and see whether it is

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

a legal document.

3. Budget Estimation: Before looking for a house, make a decision for proper budget estimation to buy a house. You

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

should be cautious and aware while estimating a home budget with your monthly and yearly income. Only when you have proper budget estimation you can c

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

ntinue to look for a house. Even you can avail the pre-approved mortgage which clearly estimates the limits of your budget. It helps to hurry up your

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

earch which affects your purchase.

4. Locate your area: If you decide to buy a house, then select the location your want to live. If

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

you decide to buy a house, then select the location your want to live. You can also list to the agent what kind of house you needed, whether it suits

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

Following aspects would a

your budget, the location you find more comfortable and so on. Select the one which you feel good and also suits your needs.

5. Have Precauti

dd to the challenges in developing combination products:

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

ns: While buying a house, remember that you are making a huge investment. Since house buying has a huge investment, select the one which will

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

be best for a longer period. Have some precaution while buying a house. Also think about your future, because your life is uncertain. Once you decided

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

to buy a particular house which is already used, see to that any alteration like repairing, electricity maintenance is to be made.

6. Perfect

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

ons: Be always systematic in your work. File the information you collected from different agents. Also file the information relating to price

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

Professional from academic institutions, pharmaceutical industries, health care indust

description and suitability. At last, while taking decision this information will highly help you. With the help of this information you can select t

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

e most appropriate house which suits your needs.

7. Proper Inspection: When you are looking a house see to that the process carried

.

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

n in your house are as per the requirements. Inspecting a house is a more important aspect while making a selection. You should have to check the wall

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

Companies that provide selfless information through particip

, electricity, painting and maintenance etc. You can carry any number of steps while inspecting your house. Check whether the house is a qualified one

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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