Actual - Real Estate

There are some misconceptions that are usually made when selling a home via the FSBO process. One of the m

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

ajor ones is that you will be giving up advertising and marketing ability by not using a realtor. While th

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

Examples of combination products may in

y may have been true in years past, it is surely not the case anymore. There is now an established network

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

of FSBO websites that can take the place of the traditional realtor website. One thing that is also becom

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

ng more and more popular is listing your home on the local MLS yourself to get that extra bit of exposure.

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

Combination pro

Listing on the MLS is a great idea, now your home is available to as many buyers as possible. It is also

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

available to realtors who have many clients in the market for homes. This brings up a good point, in marke

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

ing your home to the full extent you may still have to deal with realtors. After you get your home on the

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

MLS prepare yourself for interest from a lot more people, but also from realtors who want to sell your hom

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

. Stick to your guns, they will tell you horror stories about FSBO's but if you have done your homework yo

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

should be able to tell them horror stories about traditional sales as well. Also be prepared to negotiate

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

Following aspects would a

with agents who believe that they can take advantage of an FSBO situation. Remember that they, and other

dd to the challenges in developing combination products:

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

iewers will always be trying to get the lowest possible price out of you, you should know your low point b

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

efore anyone ever looks at the home. Never let anyone else know what this number is, doing that is like gi

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

ing away money.

You must also be ready to show your home to interested buyers. The most difficult part of

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

this will be trying to stay emotionally uninvolved in the process. Be careful as this emotion can be taken

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

Professional from academic institutions, pharmaceutical industries, health care indust

advantage of by unscrupulous buyers or agents who are trying to discover your bottom line. When your are

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

howing the home, try not to act like the home's owner. Rather, try to put yourself in the place of an agen

.

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 who is selling the home. This is definitely not the time to be overly emotional or to tell stories about

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

Companies that provide selfless information through particip

the things that happened in your home. Remember, people want to feel comfortable in your home, not awkward

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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