Answers - Real Estate

Do you remember what it was that first grabbed your attention when you first bought your home? Was it the entrance way? Was it t

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

he way the front walk curved up to a friendly looking front door? Was it the rest of the neighborhood? Chances are, it was a com

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

Examples of combination products may in

bination of these. The general happiness you feel when you look at your home from the outside and the balance it holds with 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.

rest of the neighborhood is what real estate professionals call ‘curb appeal’. Now that you’re ready to sell your home, the ques

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

tion to ask yourself is, “Does your home have curb appeal?”

First, take a look at your house from the farthest vantage point –

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

Combination pro

perhaps from across the street. Take in the front entrance, the driveway, and the yard. Is it appealing to you? Do you think it’

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 enough to make prospective buyers slow down in their cars to get a good look? If not, here are a few things you can do to spru

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 your home up to give it a little more curb appeal.

For starters, make sure your lawn is in good shape – green and mowed with

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

nice, clean edges along any sidewalks or paths. If needed, plant some bushes and keep them well hedged. Trim back any unruly tre

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

e branches that block the view of the house and/or prevent sunlight from coming through. An easy way to bring color to the front

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

of your house quickly is by planting some bright annuals such as geraniums in pots or in window boxes. Or if you’re planning ah

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

Following aspects would a

ead, plant some bulbs for year-after-year color. Power wash the outside of the house if it’s looking dingy or repaint it. A grea

dd to the challenges in developing combination products:

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

t way to draw attention to your home is by having a nice front door. If you don’t want to go through the hassle of replacing it,

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

you can always apply a fresh coat of paint. Make your home inviting by sprucing up the front walk. Is your front walk as boring

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

as city sidewalk? Spruce it up with plants along the edge or replace the plain slabs of concrete with a pattern of stone tablets

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

.

So why do all of this work? Some benefits of having curb appeal are raising the value of your home and selling your home fast

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

Professional from academic institutions, pharmaceutical industries, health care indust

er, often at or above your asking price. Keeping the outside of your home in good condition also makes the entire neighborhood l

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

ook nicer. And while many of us are taught not to ‘judge a book by its cover,’ selling your home is one case where we throw this

.

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

rule of thumb out. Many buyers will use what they see outside to indicate what they’ll find INSIDE the house. Chances are if yo

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

Companies that provide selfless information through particip

ur home is well maintained on the outside, it will be the same on the inside, enticing buyers to take a closer look at your home

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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