Answers - Real Estate

Talk to a person selling their home and they will tell you how much they hate wasting time on lookie-loos. Alas

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

, there are plenty of sellers who are just as bad.

Avoid Sellers That Are Not Committed To Selling

You have t

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

Examples of combination products may in

e perfect home pictured in your mind. You have gone through the pre-approval process for a mortgage and been ap

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

roved. You have looked and looked at properties for over a month. At last, you find that perfect home in your p

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

ice range. Time to buy, right? Yes, unless you run into the uncommitted seller.

Most people sell their house f

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

Combination pro

r a reason. The reason can range from retirement to divorce to the need to move to take a new job to just about

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

anything. The pivotal point of all these situations is that the person or persons selling the property are mot

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

vated to move it. They have listed it on the market because they have a specific goal to get rid of it and to g

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

t rid of it at a specific price. And then there are testers.

In the lexicon of buyers, nothing is worse than f

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

nding a property you want to buy only to find out the seller is not committed to moving it. This lack of commit

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

ent is either intentional or do to severe stubbornness. Let’s go back to our example.

You have found the perfe

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

Following aspects would a

ct home and contact the seller to see it. The viewing goes well and the home is just what you want. You run the

dd to the challenges in developing combination products:

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

initial numbers on the home and find the house is priced $50,000 above the comparables in the market. You infor

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

the seller of this and they stubbornly refuse to lower the price. They may argue their home is unique or the m

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

y just say that is the only price they will accept. You are tempted, but know you should never buy the most exp

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

nsive home on the block. How will you possible sell it for a profit in the future? You will not.

Despite endle

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

Professional from academic institutions, pharmaceutical industries, health care indust

ss haggling, the buyer refuses to lower the price. The only thing you can do is walk away from the property. Th

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

seller obviously is not motivated to sell and may not even want to. Instead, they may have just listed the pro

.

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

erty at the high price to see if some fool will overpay. Under know circumstances should you be that fool!

It

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

Companies that provide selfless information through particip

akes discipline, but walk away from the property. There is always another fish in the ocean as they like to say

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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