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Answers - Buyer Be-Aware: Info Home Buyers Need To Know Before Signing a Contract
On a recent trip to the grocery store I was behind a man who argued
with the clerk over the price of a roast he was attempting to buy. It
was late at night, everyone in the line was tired and ready to go home,
and the clerk and his manager argued wit
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
h the man until things almost
erupted into a fistfight.
His claim was that the price the meat was ringing up for was not the price in the ad.
"I came here specifically to buy this roast," the man screamed, "and I want it for the advertise
His claim was that the price the meat was ringing up for was not the price in the ad.
"I came here specifically to buy this roast," the man screamed, "and I want it for the advertise
; 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
d price."
After all sorts of drama, I finally offered to pay the difference so the guy would get the heck out of the line. Disgusted, he stomped off without his rump roast.
Had this man gotten his meat for the price he had driven across tow
After all sorts of drama, I finally offered to pay the difference so the guy would get the heck out of the line. Disgusted, he stomped off without his rump roast.
Had this man gotten his meat for the price he had driven across tow
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
n
for, he would have saved under $2.00. Now, even the most fuel efficient
vehicle would make a trip across town to save that amount seem stupid.
Not to mention the time that would go into researching the price of different grocery items at vari
Not to mention the time that would go into researching the price of different grocery items at vari
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
ous stores. But people do this all the
time!
Now, it comes time for people to make the most important investment of their lives- the purchase of their home. That should take some research, wouldn't you agree? Of course, you'll want to look up
Now, it comes time for people to make the most important investment of their lives- the purchase of their home. That should take some research, wouldn't you agree? Of course, you'll want to look up
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
some information on the school district and their scores, how close the
home is to shopping or entertainment, what kinds of parks or sports
arenas are nearby, how accessible the house is to the highway, etc.
The number on thing you would want to
The number on thing you would want to
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
know is how much your
neighbors-to-be paid for their homes. If you were looking for a three
bedroom two bath ranch you would want to see what other ranches with
those same specs have sold for around your subject home lately.
Well, there are so
Well, there are so
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
me people who do all this work and research
themselves. They go online or make some phone calls and determine what
areas interest them. Then they look for homes that are priced at or
below market value. They drive around searching out this perfect ho
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
use
in their well researched area, calling all the numbers on all the signs
in all the yards. While they are out looking they probably stop at
every grocery store they pass to purchase whatever is one sale so they
can save a buck like our rump roas
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
t guy.
In other words, they run themselves to death to try to save a few dollars. It doesn't matter whether they actually save or not, all that matters is that they feel like they got a bargain.
And then there are the smart buyers, the ones
In other words, they run themselves to death to try to save a few dollars. It doesn't matter whether they actually save or not, all that matters is that they feel like they got a bargain.
And then there are the smart buyers, the ones
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
that know this....
1. The listing agent already has a relationship with the seller of the home you are calling on the sign about. They met that seller long before you ever happened by their sign. They want to sell you that house because th
1. The listing agent already has a relationship with the seller of the home you are calling on the sign about. They met that seller long before you ever happened by their sign. They want to sell you that house because th
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
at is what the seller has hired them to do. Despite all
the ethical and legal requirements that agents are bound by, we are all
human and it's human nature to feel loyalty to those we have an
existing relationship with.
2. Your agent's job
2. Your agent's job
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
is to find homes that match what you're looking
for. The majority of the homes you want to know about are on the
Multiple Listing Service used by agents to see what is listed by all
the companies who are signed up in the area. If you have email your
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
agent can set you up with an automated search so you can see the new
listings as soon as they come out. This will free up your Saturday
afternoon of driving around and calling every sign you see trying to
determine prices of homes- with that syste
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
m you will already know.
3. A good agent will be able to tell you what neighborhoods are generally in your price range in your city of choice. I have people who call on $130,000 listings to ask the price and then tell me that their price r
3. A good agent will be able to tell you what neighborhoods are generally in your price range in your city of choice. I have people who call on $130,000 listings to ask the price and then tell me that their price r
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
ange is up to $60,000. This caller goes immediately into my
"head in the clouds file." After about a week of looking through
homes you should know what areas are in your comfort zone and which
ones you can dream about moving up to later when you cash
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
out the
equity in the smart purchase you are getting ready to make.
4. Do not assume that a "For Sale By Owner" house is a bargain. It might be, just like a listed home might be, but I have seen so many people get burned by sellers who do
4. Do not assume that a "For Sale By Owner" house is a bargain. It might be, just like a listed home might be, but I have seen so many people get burned by sellers who do
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
n't know or don't care what
their house is worth, and want to pass on their problems to you. If you
are interested in a house that is for sale by owner, ask your agent to
get you in to show the home. Most sellers will allow this and in the
end it p
.
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
rotects you.
5. Beware the agent or seller who can't or doesn't show you example sales, also known as "comps" or "comparable sales" in the area before you make an offer. Never take someone's word for what a property is worth- you should al
5. Beware the agent or seller who can't or doesn't show you example sales, also known as "comps" or "comparable sales" in the area before you make an offer. Never take someone's word for what a property is worth- you should al
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
ways ask to see these before making an
offer on a home. Also remember that sales can fluctuate from high to
low in an area- make sure you are seeing all of the comparable sales
and not just the ones hand picked to justify the seller's asking
price
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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