Actual - Real Estate

The Calgary Real Estate market has undoubtedly been one of the hottest in Canada for several years with house sales rising over 25% on average from the 2004 figures according to the MLS reports. The booming Albertan econo

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

my has brought a huge influx of newcomers both from within Canada looking to reap the rewards of the boom and immigrants from all over the world. With Calgary finally crossing the 1 million residents in 2006, the city rea

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

Examples of combination products may in

hed a big milestone and is now considered “a big” city.

The real story is that of the actual housing prices themselves. While 2005 was a record year for the prices with an increase of over 15% from 2004, the first half o

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

2006 saw an absolute explosion in the prices with bidding wars erupting for the first time. Properties were selling the day they were listed without even a for sale sign going up and there were line ups to view propertie

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

the first day they were on the market. Despite the prices falling back at the end of the year due to rising inventories of available properties, the median house value had still risen over 40% from the end of 2005.

Ther

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

Combination pro

were several factors affecting the boom, most notable were the shortage of skilled labour to carry out the work and also the rising costs of the raw materials. Natural disasters – including the Hurricane Katrina disaster

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

– had placed a huge demand on the building supplies which led to shortages and steep price rises. Builders were eventually forced into selling their new houses for “forecast” values as they were suddenly taking over 12 mo

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

ths to build in some cases. Even having the plans authorized and permits issued caused delays due to the workload of the city planning department.

The rising prices affected many Canadians looking to move internally for

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

ork as Calgary rapidly grew too expensive for people to move to. The roll on for the surrounding towns caused similar issues for previously cheap and affordable areas. Airdrie, Cochrane, Okotoks, Chestermere and Mackenzie

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

Town to name a few also saw meteoric rises in prices. The strength of the Canadian Dollar made previously affordable property stretch out of immigrant’s reaches and the foreign currencies no longer had a favorable exchang

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

rate.

With the Oil and Gas industry enjoying record profits and several big companies relocating to Calgary, suddenly a lot more Calgarians/Albertans were able to fund these higher prices. Banks and Mortgage lenders wer

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

Following aspects would a

also offering higher debt to income ratio lending and longer amortization periods to make the housing more affordable.

What next?

There were record amounts of listings on the market at the end of 2006 and into 2007 whi

dd to the challenges in developing combination products:

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

h led to a slight (4%) roll back of the prices. This looks set to continue for a short while with a relatively quiet market with Oil and gas prices down dramatically and the announcement of the trust fund taxation by the

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

ederal government reducing bonuses and pay rises in the previously strong sector. There are still indications of resurgence in the Oil and gas prices for 2007 as the world demand continues to grow.

The vast Oil sands in

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

he North of Alberta are the scene of several mega projects that will help keep the Albertan economy moving forwards along with manufacturing and tourism. There is no doubt that Alberta is the “Have” Province of Canada and

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

many of its residents are enjoying new levels of personal wealth which gives analysts positive feelings towards another year of strong housing prices.

The weakening of the Canadian Dollar against the world’s major curren

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

Professional from academic institutions, pharmaceutical industries, health care indust

ies by around 10 – 15% is beginning to attract foreign investors and immigrants back into the market place as the properties have started to become more affordable.

The City of Calgary have been proactive by annexing lar

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

e amounts of land around the City limits to ensure its growth can continue. With the main demand being single family dwellings there is a major concern about “Urban Sprawl” and the level of taxes it takes to maintain both

.

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

the City as it is and the required growth in its services. New Schools and sports facilities are required and many Doctors are unable to operate their family practices due to extortionate rents. These are genuine problems

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

Companies that provide selfless information through particip

for the City to contend with as well as the fact that there are so many higher paid jobs available that it is difficult to recruit good staff for the public transport and other vital positions that keep the City operating

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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