Actual - Real Estate

By getting referral fees from real estate agents, you can make money in real estate without any cash inv

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

estment. You may not make much. But if you have no cash to invest, this is a way to get an education and

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

Examples of combination products may in

make a little money.

Laws vary from state to state, but in most states there is some legal way for a re

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

al estate agent to reward you for finding a buyer or a seller. There may be a limit to what the law allo

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

s, so find out. It isn't worth your time if it is $50.

This can be a nice sideline if you know a lot of

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

Combination pro

people and are a natural sales person. If you can get an average of $300 for a referral, and find a buy

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

r or seller for an agent or two a few times each month, you can start to build up cash for investing.

Y

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

ou will most likely only get paid when a sale is complete, and the agent has received her commission. Th

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

t is only fair. Just be clear on what the arrangement is, and whether the agent minds if you also refer

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

buyers and sellers to other agents. This latter point can be important, because you will find that you c

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

n be most helpful to people by matching them up with the right agent for their needs (some agents sell m

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

Following aspects would a

ostly houses, other land, and so on).

Get a small stack of cards from each agent that you plan to promo

dd to the challenges in developing combination products:

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

e. Keep these handy, and write your name on the back of each. When you hear that a friend, acquaintance

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

or anyone around you is looking to buy or sell real estate, tell them all about the agent that is best f

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

r them. Ask them if you want to tell your friend the agent to call them, with no obligation, of course.

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

If they are interested, call the agent and pass on the name and phone number. Keep a record for yoursel

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

Professional from academic institutions, pharmaceutical industries, health care indust

as well, so you can later check to see if the person bought or sold something through the agent. You mi

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

ght also distribute the cards with "Tell him that (your name) sent you," written on the back of each.

Y

.

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

u may make a little money on those referral fees, and you will help some people out. You will also find

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

Companies that provide selfless information through particip

that you get educated as to what people are looking for. This can help you with your own investing later

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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