Answers - Real Estate

So you are ready to sell your home. You think you know what it is worth. After all, your neighbor sold his house for “x amount

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

of dollars” eight months ago. Markets change, prices go up and down based on the supply and demand. In 2005, the Tampa Bay ar

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

Examples of combination products may in

a was experiencing an astounding rate of appreciation. Many homeowners saw as much as $100,000 increase over what they may have

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

paid for the home just 1 or 2 years earlier. But, at that time, there were not a lot of homes on the market. There are now in

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

2006.

Things changed toward the later part of 2005 and continuing into the fall of 2006. There is a glut of homes on the marke

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

Combination pro

t in the Tampa Bay area. Why? There are probably many reasons for this including investors trying to cash out, people leaving

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

he state wanting to buy in a less expensive area of the country, people finding that with the increase in their home’s value, th

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

ey no longer can afford to pay (or want to afford to pay) the higher tax costs and insurance premiums. Plus, there are many peo

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

le who are just “trying to sell” with the attitude that if it sells at my price – great, if not, no problem, I’ll stay put.

Wha

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

t we have now is some sellers saying “I’m not dropping my price because I don’t really have to sell”, or “I’ll drop my price if

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

omeone makes a reasonable offer”. Buyers on the other hand are saying “If prices are this high, I will rent for awhile and wait

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

Following aspects would a

and see”, or “I’ll make an offer, but you are going to have to drop your price first”.

So where will things end up? There are

dd to the challenges in developing combination products:

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

always people who must buy and people who must sell. Between the two of them and their agents, they will work things out just l

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

ike always. Investors, on the other hand, are beginning to get the idea that in order to get their property sold, they will nee

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

to lower their prices a bit, keeping in mind that we are in a different market now. Early last year in 2005, for example, I ma

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

de $21,000 on an investment property, this year I made $14,000 on one of my investment properties. Am I disappointed? Absolute

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

Professional from academic institutions, pharmaceutical industries, health care indust

y not! Then there’s the test the market people. They will eventually get tired of just trying to sell at an inflated price and

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

give up. They will do one of two things, lower their price to something that’s going to sell or take the home off the market.

.

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

Then slowly we will see a new market emerge – again.

Keep in mind that you can’t change the market you are in. You can only ch

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

Companies that provide selfless information through particip

ange how you deal with it and your attitude about it. Work with the current market, don’t fight it, you will be much better off

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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The first part of a series of articles relating to home improvement projects. This includes planning, hiring, and execution.

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