Answers - Real Estate

Are you trying to sell your house? Is it not being sold? Well, there are many reasons

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

for your house not being sold.

It might happen that in spite of the fact that your

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

Examples of combination products may in

house has been listed for four months, you get no offers at all! “Selling a house tak

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

es time” will be a common reply given to you by real estate agents when questioned re

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

garding the same.

Quite rightly, this answer cannot satisfy you.

After a nationwide

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

Combination pro

research, it has been stated that there are five main reasons for real estate not be

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

ing sold in a timely fashion. These five reasons are as follows:

• Price

The price

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 not be too high.

• Condition

The house should be in a good shape and conditi

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

on. The things that make your house stand out the most is price and condition.

• Loc

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

ation

The location of the house should be good. Low price and a good strategy can co

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

pensate for a bad location.

• Listing Agent

Before hiring a listing agent, find out

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

Following aspects would a

more about his reputation or get personal referrals.

• Marketing Plan

Your agent m

dd to the challenges in developing combination products:

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

ust have an aggressive written marketing plan that is made as an addendum to your lis

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

ting agreement, allowing you to cancel should the agent fail to perform as promised.

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

Each of the above are explained in details in the upcoming articles.

To conclude, a

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

ll you need to do is that you should de-personalize your house. Painting your house,

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

Professional from academic institutions, pharmaceutical industries, health care indust

cleaning, removing extra clothes from the closet, taking out bulky furniture and foll

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

owing a rigid checklist to de-personalize your house will be quite beneficial.

Next,

.

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

you can ask your agent to come back and re-evaluate the listing price. You can also

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

Companies that provide selfless information through particip

call back the original agents that you passed on to get a good guidance to begin with

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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Answers - Know Why Your House Is Not Being Sold

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