Actual - Real Estate

To further maximize exposure, your Realtor may recommend you hold one or two types of open houses as soon as the property goes on the market. The first will be an open house for Realtors only. If your home is

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

attractive and well-priced, many of the Realtors at the open house will make arrangements to bring clients to see your home immediately.

Your Realtor may also recommend one or more open houses for the general

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

Examples of combination products may in

public. Although this type of open house tends to attract a lot of "browsers," if your home is clean, attractive, well-priced and in good repair, it could turn a "browser" into a buyer. Some purchasers want to

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

get the "feel" of several neighborhoods before they begin working with a Realtor. Open houses will attract these potential buyers.

Most open houses for the public are held on a weekend afternoon when potenti

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

al buyers often have more time to drive through neighborhoods. You will have to work out dates with your Realtor that fit your schedule. If you have pets, the Realtor may suggest you remove them from the home

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

Combination pro

during the open house, since their presence could be distracting.

Your Realtor will likely recommend you and your family be away from the home during the open house as well. If you remain home, prospective bu

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

yers may feel compelled to rush their visit to avoid disturbing you. You want them to feel relaxed and to take the time to really see the features of your property.

Potential buyers may also feel uncomfortabl

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

e commenting on your home in your presence. This hampers your Realtor’s ability to sell the home since buyer feedback is essential in making any deal. Your Realtor will suggest ways to prepare your home for an

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

open house to make it a secure, enjoyable experience for everyone. Do ensure that the Realtor asks for the name, address and telephone number of everyone who attends. Your Realtor should also try to walk thro

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

ugh the home with each visitor.

Here are some general tips to help you prepare for the big day:

• Attend to any potential hazards — electrical wires crossing open areas, sharp table or counter top corners, s

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

ippery stairs and walkways, fragile items that can be easily damaged.

• Lock away or remove valuables such as jewelry, cameras, compact discs, coins and currency.

• Avoid cooking food with strong odors such a

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

Following aspects would a

s fish. The scent of fresh-brewed coffee, home-made bread and cookies can be very welcoming.

• In poor weather, provide a place for overshoes, boots, umbrellas and coats.

• A warm fire on a cold day will make

dd to the challenges in developing combination products:

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

your home feel inviting and cozy. But be sure your Realtor is prepared to look after the fireplace while you’re not home. A tiny hand-print on a wall or the slightest door squeak can be quite distracting to

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

some potential buyers. Use this handy check list to assess what needs to be cleaned, repaired or changed before opening your home to potential buyers:

Kitchen and bathrooms • Clean all surfaces, including fl

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

oors.

• Organize countertops.

• Ensure all sinks and faucets work properly.

Other rooms • Vacuum and dust all areas thoroughly.

• Collect and remove all clutter, including excess furniture.

• Neatly store

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

books, toys and clothes in closets and on shelves.

• Clean all mirrors.

• Open drapes and pull up blinds on windows.

Floor coverings (Includes carpeting, tile, linoleum, hardwood, etc.)

• Remove all dirt an

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

Professional from academic institutions, pharmaceutical industries, health care indust

d stains.

• Repair any damaged areas.

• If there is hardwood under old carpeting, remove the carpeting and restore the hardwood--a much desired feature in homes today.

Walls, ceilings, baseboards • Clean an

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

y fingerprints or stains.

• Repair any holes, cracks, chipped paint, ripped wallpaper, water damage.

• If necessary, repaint in neutral or complimentary colors. Doors

• Fix squeaks and any other problems.

•

.

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

Ensure the handles secure and work properly.

Windows • Clean and repair any cracks.

• Ensure they open easily.

Lighting

• Check to see there is sufficient light.

• Attend to any broken switches, exposed w

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

Companies that provide selfless information through particip

iring.

Pet areas

These should be clean, organized and odor free.

Outside the home

Ensure all gates open easily.

Clean all exterior surfaces, including decks, pools, walkways and driveways and make them tidy

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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