Answers - Real Estate

Developers and Builders are always on the lookout for their next deal, and if you are selling your land you do not want to be passed by. Generate interest by the most active builders in your area by getting decision makers the information they need, and here i

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

s how to do it:

Gather Property Data

Zoning
This is first question any builder or developer is going to ask, what's it zoned? Zoning is crucial to developers because it is going to determine how many houses, units, or square footage

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

Examples of combination products may in

(AKA "density") the developer can build on the tract. Find out how many units per acre and of what type are permitted. You can find most city & county zoning ordinances online at www.municode.com, but details vary between municipalities. If you are not sure

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

hat your property's zoning is, take a look at your tax bill. If you are lucky, it will be printed on the bill. If not, jot down your parcel ID number and call your city or county zoning department for this information. And don't forget to check with them to

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

see if there are any zoning overlays or future land use plans affect your property!

Utilities
Find out what utilities are available to your property, or located nearby. These include water, electricity, phone, gas, and especially sewer. Sewer acc

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

Combination pro

ss is golden, because it usually improves density and thus a developer's bottom line.

Plat or Survey
Make sure to have a plat or recent survey handy. Builders and developers are going to want to see how the land is shaped in order to get a better

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

idea of how a future development may lay out. If available, surveys with topography plotted are best.

Pictures
Pictures sell property! This goes for land, too. Try to get wide angle shots in good daylight with the sun at your back. If your prope

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

ty has unique features such as a lake, mountain views, a river/creek, etc., make sure to document them.

Maps & Aerials
It's always good to have a bird’s eye view to put in front of interested parties. At the least include a map depicting the parce

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

l's location, and how to access it. There are a number of free or low cost aerial imagery applications out there including Google Earth, but high-resolution imagery is usually only available for larger cities and towns. Depending on size and price, you may wan

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

to contract an aerial photographer. Most aerial shoots cost between $300 and $600 depending on the work order and location.

Demographics
Can the local populace support a development at the price you have set for your land? Demographic data on a

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

particular area can be used to set price points on a future housing development, and the most important two are population and household income. Try to include a one, three, and five mile radius if possible.

Area Highlights
Put a list together of

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

Following aspects would a

area attractions, such as recreational lakes, beaches, parks, etc. Also, keep an eye out for favorable economic situations in the area. Anything that will build a job base such as a new plant opening, or corporate relocation is a selling point. More jobs mea

dd to the challenges in developing combination products:

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

s more housing demand, which means better development opportunities.

Make a Property Brochure

With the above information, you should be able to put together a professional brochure, which you can get in the hands of developers and builders that

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

are active in your area. Make sure to produce a document that is printable and available in electronic format. Adobe PDF works best for property brochures, but MS Word should work fine too. Make sure to highlight the most desirable aspects of the property on

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

the front page as well as the price. The cover should draw a reader in for further study, and if the property is priced correctly, you should not have to hide it. When printing, make sure to use a high quality inkjet printer or go to a local printing shop, th

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

e brochure must appear professional.

Develop a Mailing List

Yes, there are still some viable uses for snail mail. Most executives at best delete promotional email, and at worst may never receive it. Besides being highly likely that a decision

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

Professional from academic institutions, pharmaceutical industries, health care indust

aker will see it, putting a full color brochure in front of them says to them that you are serious, and you have got something that they need to see. First, you must develop a list of developers and builders that are active in your area. Visit or call the loc

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

al chapter of the National Association of Home Builders, or see if members are listed on their website. Also, check with local business publications. Many of them publish lists of developers ranked by activity and size. A quick call to developer or builder c

.

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 determine what kind of developments they are involved with (industry term is "product"), and who the point of authority may be. Mention that you are interested in sending a package to them concerning a piece of land, and you may even get that person on the

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

Companies that provide selfless information through particip

phone! If you can't determine who that may be, or the secretary is being difficult... send the package directly to president or CEO. Make sure to include a phone number and name that is easy to find, send them out, and be sure to follow up in one to two weeks

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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Learn to deal with tough customers and provide excellent service, even when the situation isn't your fault.

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When selling your home, you have to get the word out to buyers in the area. The Internet is a great method for doing that, but traditional methods are really the way to go.

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