Answers - Real Estate

Staging – it is the difference between ordinary and extraordinary.

Statistics at Sta

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

gedHomes.com show that you can make at least 3 percent more with home staging. In som

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

Examples of combination products may in

e areas, that number can go as high as 50 percent! These statistics also show that ho

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

mes that had not sold in an average of four and a half months after listing sold with

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

in a week of being staged by a professional. Homes staged before listing were under c

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

Combination pro

ontract more than twice as fast as comparable homes that had not been professionally

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

staged.

For clients that still don't see the value, add in some math. Your Mortgage

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

X 4.5 months = versus Your Mortgage X 1/4 month. This is the amount they can save j

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

ust on their mortgage alone.

For example, if their mortgage is $1000/month, they wil

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

l spend at least $4500 on their home waiting for it to sell if it is not staged (and

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

this is assuming it will sell that quickly!). If they stage their home, it could be a

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

Following aspects would a

s little as $250 for a savings of $4250. Put that way, why wouldn't they spend a coup

dd to the challenges in developing combination products:

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

le of days staging their home?

As a realtor, home staging can be your edge over your

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

competition. How does a home buyer choose between 2 very similar homes? The one that

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

is staged is the one that will sell.

Help your home sellers realize this by showing

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

pictures of staged homes - the before and after shots. Give them the statistics. Let

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

Professional from academic institutions, pharmaceutical industries, health care indust

them know the cost now to stage versus the cost later to pay the mortgage for months

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

and eventually lower the price. You can do so by having a home staging that you reco

.

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

mmend or by providing literature. If you can get them to see their house as a product

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

Companies that provide selfless information through particip

for sale instead of their home, then you have won the battle. It is worth the fight.

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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