Actual - Real Estate

Miami real estate statistics tell a remarkable story of today's marketplac

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

e in Florida. Home sales continue to fall as more Miami homes and condos/t

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

Examples of combination products may in

wnhomes appear on the market for sale. Sellers are slow to lower their ask

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

ing prices, which has resulted in a glut of both homes and condos on the m

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

rket for sale.

According to data supplied by the Coral Gables, Homestead-

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

Combination pro

outh Dade, Kendall-Perrine, and Northwestern Association of Realtors or th

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

eir MLS, in April of 2006 there were 8,159 homes for sale in Dade County,

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

nd 947 homes sold during that month. Just 12 months later, results of Miam

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

i real estate sales were dramatically different. In April of 2007, the

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 were 13,440 homes on the market for sale in Dade, and 542 homes sold. Th

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

story was very similar with respect to condos for sale versus condos sold

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

Following aspects would a

. For example, in April of 2006, there were 15,581 condos for sale, and 1,

dd to the challenges in developing combination products:

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

02 condos sold. One year later, in April of 2007 Dade County saw a whoppin

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

g 22,924 condos for sale with a meager 741 units sold.

Some other interes

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

ing data affecting the Miami real estate market addresses the amount of ti

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

e it took for listed homes in Miami to sell. In April of 2006 Miami homes

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

Professional from academic institutions, pharmaceutical industries, health care indust

that sold were on the market for an average of 66 days, whereas in April o

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

2007 homes that sold had been listed for 97 days. Sellers feel that the m

.

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

arket will rebound, but buyers are playing a waiting game, and with good r

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

Companies that provide selfless information through particip

ason. Real estate is slow to move and the market still hasn't bottomed out

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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Actual - Miami Real Estate Trends - May 2007

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