Answers - Real Estate

Are you planning to sell your house? If yes, then, the first question that will probably come to

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

your mind will be regarding the value of your house!

Determining your home’s price is not only

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

Examples of combination products may in

essential for selling but all also for many other reasons. For instance, when you are being rel

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

ocated and your company intends to assist you, you will be required to tell your home’s price.

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

Also, it is essential when you are thinking of a refinance or intending to deed a portion of the

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

Combination pro

property to a family member and need to place a value on it. Heaven forbid but in case there i

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

s a pending divorce, you need to know your home’s price.

Thus, it is important to know your hom

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

e's potential sales price.

As far as an appraisal is concerned, let me tell you that you probab

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

ly do not need an appraisal. Appraisers define market value quite differently when compared t

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

o the real estate agents. Generally, appraisers focus on recent closed and pending sales. That

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

is, they look backward to use data that they can document.

On the other hand, an agent looks to

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

Following aspects would a

the future, taking into account comparable sales, pending sales, listed prices, the market, ave

dd to the challenges in developing combination products:

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

rage sales time, and available inventory. He does this in order to predict a future selling pric

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

e.

Therefore, a qualified local real estate agent always outperforms appraisers in anticipating

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

the near-future market price of a particular home.

Thus, whenever you wish to determine the co

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

st of your house, you can ask a real estate agent. Actually, an agent knows what the market is l

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

Professional from academic institutions, pharmaceutical industries, health care indust

ike "right now." That is, they can tell correctly if the market is hot or cold!

Agents also loo

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

k in the Multiple Listing Service and see what has sold but not yet closed. They also have the

.

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

expertise to know what your home is worth. They can, therefore, help you with this.

In short,

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

Companies that provide selfless information through particip

before selling your house, all you need to ask for is a ‘Competitive Market Analysis’ or a ‘CMA’

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 - How To Determine Your Home's Price?

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