Answers - Real Estate

You own a home but it is not selling. The first thought that comes in the mind of a seller is that the

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

real estate agent is not pushing the house much and is not interested in selling it. Right, this is the

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

Examples of combination products may in

first thought that comes to mind, but do you think that your real estate agent does not want to earn the

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

commission; your agent truly wants to sell your home and earn commission off of it so that this transac

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

ion becomes a win-win situation for both.

In general, the real estate agents comply to all the requirem

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

Combination pro

ents set by the sellers, but in my opinion the agents must tell the sellers that this transaction can 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

best off if they both work together as a team. The real estate agents must make it clear that “The Sell

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

ers Need To Help The Agents To Help them.” If this kind of relationship is not possible then obviously

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

he goal will not be achieved as is being looked forward by both the sellers and the real estate agents.

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

Some of you might be agreeing with my words and some would think that I am saying that because I am a r

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

al estate agent. Since I have been working as an active real estate agent, I know that there are a lot

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

Following aspects would a

f homes that are either rejected by the buyers or simply put on hold because they were cluttered and thi

dd to the challenges in developing combination products:

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

ngs were not organized as they should have been. This just leaves a very bad impression on part of the

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

eal estate agent as well as the seller and is going to cost the agents their clients and the sellers a d

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

eal.

My only objective that I want to convey through this article is to make the clients and the real e

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

tate agents realize that they should work as a team to avoid the issues that might impede the swift tran

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

Professional from academic institutions, pharmaceutical industries, health care indust

saction process. For this reason, the real estate agents should go through a detailed discussion with t

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

e sellers before they are listing their house so that they are able to discuss the terms and current mar

.

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

ket status and analysis as well as help the sellers see the entire process through the eyes of a buyer.

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

Companies that provide selfless information through particip

All these things will definitely help sell the home a lot quicker and would stay less days in the market

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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