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Answers - Get a Higher ROI on Your Real Estate Sale
Every day thousands of people invest millions of dollars for one thing; to get the best possible return on their investment. For many people their biggest investment is the purchase of their home. When it comes time to sell their home, homeowne
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
rs also want the best possible return on their investment.
To accomplish this you must present your offering in the best possible light. The seller must convince the buyer that they are buying something worth a higher perceived value than the
To accomplish this you must present your offering in the best possible light. The seller must convince the buyer that they are buying something worth a higher perceived value than 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
Examples of combination products may in
actual price they paid. But first, the job of the seller is to build this higher perceived value into their home. The following tips or suggestions should help in building the value needed to get the highest return on their investment.
1. Chan
1. Chan
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ge your mindset; depersonalize your “home” into your “house”. You must view your home as strictly an asset for sale.
2. View your house through the eyes of a buyer. Lets start at the exterior, commonly referred to as the “curb appeal”. Curb ap
2. View your house through the eyes of a buyer. Lets start at the exterior, commonly referred to as the “curb appeal”. Curb ap
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
eal is exactly that, how much appeal does the house possess and exude from the street. We are going to look at four areas that are key to curb appeal.
a. Cleanliness; does your house “look” clean. Would a fresh coat of paint bring back
a. Cleanliness; does your house “look” clean. Would a fresh coat of paint bring back
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
the “zing” that makes your house stand out from the rest. The lawn should be cut and trimmed neatly around the house and trees, etc.
b. Orderly; is your yard full of “junk”. Bicycles, lawnmowers, yard tools, full garbage bags, piles of
b. Orderly; is your yard full of “junk”. Bicycles, lawnmowers, yard tools, full garbage bags, piles of
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
brick, rock or lumber from your last project. These are all things that need to be stored out of sight or gone.
c. Immediate repair; your house and any out buildings should not look like they are in need of immediate repair. All missing
c. Immediate repair; your house and any out buildings should not look like they are in need of immediate repair. All missing
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
shingles, broken or bent gutters, broken windows, dead light bulbs, broken or heaving sidewalks, steps, and damaged fences need to be repaired or replaced to give the illusion that the house has been well maintained. An obviously well maintaine
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
d house will not be scrutinized nearly as close as one that has obviously been neglected!
d. Inviting; does your house look inviting and charming. Walkways and porches should be well lit and uncluttered; no one wants to navigate a maze
d. Inviting; does your house look inviting and charming. Walkways and porches should be well lit and uncluttered; no one wants to navigate a maze
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
to get to the door. The addition of seasonal color in the form of flowers or shrubbery can add the finishing touch to your masterpiece.
Now that you have enticed the prospective buyer to the front door, lets look at what you need to do to clos
Now that you have enticed the prospective buyer to the front door, lets look at what you need to do to clos
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
the deal inside. The same basic guidelines that we used for the exterior apply to the interior.
a. Cleanliness; nothing will put off a perspective buyer faster than a dirty house! Floors should be vacuumed, mopped and carpet cleaned. W
a. Cleanliness; nothing will put off a perspective buyer faster than a dirty house! Floors should be vacuumed, mopped and carpet cleaned. W
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
alls should be clean and free from obvious marks and scrapes. If your walls look like they haven’t been painted in years, paint them. Cobwebs are a huge no no, spiders are NOT very inviting and are a real indicator that the home is not well kep
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
t. Windows and sills should be clean, baseboards dusted; anything that can be seen must be clean!
b. Orderly; de-clutter EVERYTHING, especially those “gathering” places; counter tops, desks, overflowing magazine racks, cupboards, nick k
b. Orderly; de-clutter EVERYTHING, especially those “gathering” places; counter tops, desks, overflowing magazine racks, cupboards, nick k
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
nack shelves, dressers, kids rooms etc.
c. Immediate repair; anything in need of obvious repair should be fixed, cracked or chipped tile, broken doors, light fixtures, wall and ceiling cracks and holes. Perspective buyers should not fee
c. Immediate repair; anything in need of obvious repair should be fixed, cracked or chipped tile, broken doors, light fixtures, wall and ceiling cracks and holes. Perspective buyers should not fee
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
that the house is in need of immediate repair to make it livable.
d. Inviting; this is a big one! Research has shown that our sense of smell is the strongest of our five senses and is remembered the longest. Your house should not smell
d. Inviting; this is a big one! Research has shown that our sense of smell is the strongest of our five senses and is remembered the longest. Your house should not smell
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
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
like a greasy spoon caf?, a gym locker room or an animal boarding house. If it smells get rid of it! Clean cat litter boxes, pet sleeping and feeding areas and do not have pets under foot when showing your house.
Scents from a burning candle
Scents from a burning candle
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
or potpourri are great for adding an ambiance to your house. Be certain that the scent is fresh and clean and not used to mask an offensive odor. If you do, often the combination can be worse than the odor you are trying to cover. Sink drains a
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
d sink food disposals can be an overlooked source of a rotting food smell. Run your food disposal to dislodge any food in the unit and thoroughly flush the drains with clean water. A small amount of lemon juice or bleach will add a nice clean s
.
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
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
mell to your sinks.
You only have one chance to make a good first impression, be prepared! Always try to view your house through the eyes of the buyer. Have a friend or neighbor do a walk through of your house; as though they are a potential b
You only have one chance to make a good first impression, be prepared! Always try to view your house through the eyes of the buyer. Have a friend or neighbor do a walk through of your house; as though they are a potential b
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
uyer, and give you their first impressions.
The tips that I have given you need not cost you a fortune; a little elbow grease goes a long way. Pay attention to detail, a small investment of a few hundred can return THOUSANDS on your investment
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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