Actual - Real Estate

Those buying a home in Spain are my clients. From all walks of life and for many differing reasons they start the process of finding a property. Light heartily over th

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 months I have recalled some of the surprising actions of these people, but the other side of this is sad, depressing and soul destroying. Last month, the letters pag

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

Examples of combination products may in

carried a typical incident of a couple detailing their legal action against the person selling them a property. With increase frequency the “hard sell”, lies and exto

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

rtionate fees resulting in dreams turning to nightmares are recalled to me. The common factors are the type of people they are dealing with and the lack of any indepen

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

ent advice when purchasing property.

Spain deregulated estate agents some years ago; unlike other European countries anybody can sell property. So why are so many peo

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

Combination pro

le conned? In trying to understand this situation I have discovered the following:

The most important factor at first, is being able to communicate, and they do not q

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

uestion the services they are being offered. Next, they believe what they are told without question as they trust the people they are dealing with, after all they are

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

English.

They do not seek independent advice.

They used the services of an estate agent that sorts out your flights, hotel and car hire for you.

They meet you at th

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

hotel and take you out to houses then to lunch, that way your time is totally taken up to avoid you looking at properties with other agents. Retrospectively, the clie

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

nts moan after they have parted with large sums of money, that they never had the opportunity to compare and see other areas or properties!

Increasingly a new ploy is

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

false documents, planning consents along with undisclosed fees and contracts that do not bare close examination.

They offered to save us money, “No need to use a soli

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

Following aspects would a

itor as we do everything for you.”

What is also alarming is how this situation is self perpetuating. Those who were conned seldom speak out about their experience par

dd to the challenges in developing combination products:

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

tly to avoid their own embarrassment. Not knowing how they can address the wrongs done to them they “Put it behind them”.

Here are a few suggestions on how to avoid t

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

e pitfalls.

Become cynically. If you were employing someone to work for you would you not seek references? So ask to speak to other clients of theirs independently.

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

eware of “saving money” it will no doubt cost you dearly. A solicitor of your choice is worth their weight in gold. Not one working for them or the seller. A list is a

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

vailable from the British Consulate covering the area you plan to live in. Just like buying property in the UK this person’s role is to protect you. They should be ind

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

Professional from academic institutions, pharmaceutical industries, health care indust

pendent and with no interests in the property market.

Only deal with people that are trading from an office. That way you know where to find them in the future! This

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

ounds ridiculous but one constant factor is that the buyer has no contact with the agent after the purchase! A website and telephone number is a one sided relationship

.

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

……..

Quoted by a client some years ago to me. “Half the buyers of property in Spain use a solicitor the other half wished they had.” The same person also said “Superm

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

Companies that provide selfless information through particip

rket car parks are for cars not places to meet estate agents” No matter where in the world you plan to purchase a property these two words are important.

BUYER BEWAR

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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