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Actual - Panama Real Estate - One Giant Hoax
The amount of speculation driving the real estate market in Panama City is breathtaking. Literally, I sometimes gag when I hear the kind of numbers floating around this place. The amount of money being spent is unfathomable, and for what? No on
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’s actually getting anything? These are all condos that won’t be built for months, sometimes even years! I can honestly say that I’ve never seen, maybe with exception of the Beanie Baby craze, so many people putting down money and reserving a
; 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
roduct that doesn’t yet exist.
Someone interested in Panama real estate once asked me the following question—a question that represents this publicity and over-fantasizing hype to the tee: “Can I flip a beach condo without even purchasing it?”
Someone interested in Panama real estate once asked me the following question—a question that represents this publicity and over-fantasizing hype to the tee: “Can I flip a beach condo without even purchasing it?”
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
Are you on crack?
Being a business person, I can’t help but evaluate the situation in Panama City real estate to that of a young company: one that appears to be growing too fast for its own good:
1. Taking on projects that are too big: In th
Being a business person, I can’t help but evaluate the situation in Panama City real estate to that of a young company: one that appears to be growing too fast for its own good:
1. Taking on projects that are too big: In th
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
process of approving new high-rises around every corner, MIVI will inevitably lose meticulousness and standards for construction. With the Canal expansion too, in addition to the bay clean up and sanitary/road work, safety and environmental is
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ues in Panama City real estate will take back seats, quality will be sacrificed, and mistakes will be made. One serious construction disaster could be all she wrote.
2. Running out of capital: The kind of growth we’re seeing in Panama City rig
2. Running out of capital: The kind of growth we’re seeing in Panama City rig
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
ht now is devouring money the way giant island mice devour seabird chicks. As we have seen with some projects, cash has already run out. Developers are, as a result, looking to cut corners and for the most part it comes at the investors’ expens
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
.
3. Construction supplies have become hot commodities: If you’ve noticed, there’s a crane on just about every block in Panama City. Each of these projects is eating up cement, steel, and workers to the point that it’s becoming hard to obtain
3. Construction supplies have become hot commodities: If you’ve noticed, there’s a crane on just about every block in Panama City. Each of these projects is eating up cement, steel, and workers to the point that it’s becoming hard to obtain
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
them. As no surprise, you’re starting to see price gauging for materials and rental equipment.
4. Customer complaints: You can read about a handful of investors who have been screwed by developers, but those are just the ones who’ve written ab
4. Customer complaints: You can read about a handful of investors who have been screwed by developers, but those are just the ones who’ve written ab
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
ut it. As in a company, negative feedback needs to be addressed, however in the midst of this Panama City boom, there is such crazy demand that unhappy clients are indifferently kicked to the curb because there’s someone who’ll happily pay one
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
pot behind them in line.
5. Losing touch with the world outside of Panama: It has already started: developers, sellers, buyers, and agents already getting so caught up in the hype, they forget that indeed, Panama is one of several other countr
5. Losing touch with the world outside of Panama: It has already started: developers, sellers, buyers, and agents already getting so caught up in the hype, they forget that indeed, Panama is one of several other countr
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
ies in this continent. It’s not a private bubble-like Wonderland independent of the functioning world outside. They’re not noticing that the real estate prices have risen here faster than any other country in the region and based on what? Rende
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
ings of new condos and intangible speculation?
6. No One Lives Here Anymore. It’s Too Crowded: There’s a serious problem when the majority of the investors in a culture-oriented market are there solely for the money. In order for Panama City r
6. No One Lives Here Anymore. It’s Too Crowded: There’s a serious problem when the majority of the investors in a culture-oriented market are there solely for the money. In order for Panama City r
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
eal estate to thrive, there cannot be empty units all year long. You’ve got to have people living in those apartments: people who can help build a community! Relying too heavily on such tunnel-vision investors who are, in essence, pricing local
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
out of their neighborhoods, can backfire and instead of a core community of happy expats and locals, you’re left with blocks of dead-empty apartment buildings.
The founder of Starbucks, Howard Schultz says that to be successful, a company mus
The founder of Starbucks, Howard Schultz says that to be successful, a company mus
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
“invest ahead of the growth curve.” Meaning, that in order to build a sustainable enterprise, one which can handle growth, you must first build a solid foundation: a foundation of the right mentality, the right infrastructure, the right visio
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
n…etc. When you apply this to Panama, the parallels are haunting and familiar. Can you build a skyline of 100-story towers without the right metaphorical foundation in place or will everything topple like an oversized set of dominoes?
There ar
There ar
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
plenty of theories that buying pre-construction in Panama City can still be extremely lucrative, which it probably can. And I do agree too that there will be a lot of baby-boomers who’ll bring a lot of money to this isthmus. But when people ge
.
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
t greedy and baby-boomers turn into funeral-boomers what’ll be left behind?
A friend recently referred me to a quote he heard made by a large homebuilder from the USA. “Panama City may become known as the biggest real estate scam in modern his
A friend recently referred me to a quote he heard made by a large homebuilder from the USA. “Panama City may become known as the biggest real estate scam in modern his
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
ory”. And he’s right. Panama City, if it continues at this extraordinary reckless and uncontrolled rate, could at some point implode, bringing down with it all the money, glitz and fame. But by that point, all the smart people will be long gone
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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