Answers - Real Estate

If there is one universal truth about every property owner is that they want to make as much money as possible. Real estate is an in

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

vestment, and you don’t get into it to be charitable. But you have to walk that fine line between being greedy and being taken advan

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

Examples of combination products may in

age of.

Some property owners never find the right balance and end up not making enough money for the investment to work out or they

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

end up shorting themselves tens of thousands of dollars in lost profits. So, let’s take a look at some things you need to keep in mi

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

nd when you’re trying to figure out the right about of rent to charge.

The first thing you need to do once you’ve taken control of

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

Combination pro

our rental property is to make an itemized list of everything that your property offers. Look at the square feet per unit, the indiv

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

dual amenities that each unit has and also the amenities that are shared in the complex like a pool and compare them to any and all

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

comparable rental properties within a three or four square mile radius.

Then you want to add in things that your property has that

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

thers don’t, and things that your property doesn’t have that others do. You’ll have to add or subtract a little based on things like

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

proximity to shopping, transit, highways, police and fire stations and every other variable that helps to determine rent. Put all of

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

that in a blender and you should be able to make a fairly accurate estimate of what your rent should be.

Of course, there are thing

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

Following aspects would a

s that can affect your rental asking price that has nothing to do with what the buildings around you offer. If you are in a fast gro

dd to the challenges in developing combination products:

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

ing city like Phoenix or Las Vegas, you can probably charge more since there isn’t that much free inventory, so people are going to

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

e willing to pay more for the same amenities since they have to live somewhere. But at the same time, if you own a rental property t

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

hat is in a part of the country where you have inventory galore, you might have to cut rent or offer incentives that could eat away

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 your bottom line just to fill vacancies.

One strategy that many property owners use is to have a rent lower than the average of t

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

Professional from academic institutions, pharmaceutical industries, health care indust

e buildings around it until all of the units are rented and then steadily increase rent each year until you’re charging what you sho

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

uld.

There is a large number of people who put up with rent increases because they don’t want to pay for moving costs or they don’t

.

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

want to go through the huge hassle of moving. If this is a strategy that is financially possible, it can turn out to be a great hook

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

Companies that provide selfless information through particip

to get people moved in. For many, if you provide a pleasant and safe environment to live in, they won’t even mind the rent increases

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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