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    I love a bargain! I always want the best deals on any products I buy. I scour the internet, clip coupons and negotiate with sales people for better prices on everything from groceries to new c
    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
    ars.


    One place I do not negotiate is on professional services. My hairstylist was referred to me by a friend. She does an awesome job and is worth every penny I pay her (including the
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    tip!). Likewise, our doctors and dentist came to us by recommendation. They are out-of-network from our HMO which means that we pay an increased co-pay for each visit. We could change our doc
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    tors and dentist to providers that are in-network and reduce our fees, but we would never consider giving up the quality of care we receive to save a few bucks.


    Every time our family
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    needs a new service professional, we use the same process: think for a moment which friend has been in a similar situation and call that trusted friend for a referral. A few years ago our fami
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    y was in a car accident a few years ago and needed both and attorney and auto body shop. After two phone calls, we were in the hands of trusted professionals. Our son needed braces and we didn
    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
    ’t shop around for the best price, we contacted a friend whose daughter was completing the process with a beautiful smile. We made an appointment for a consultation with the recommended orthod
    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
    ontist and a week later, my son had his braces. Not once did we try to negotiate a better fee with any of these professionals. We wanted the best possible service. We had no intention of compr
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    omising on quality for a lower price.


    So what does this have to do with real estate?


    As a Realtor I have received many phone calls regarding listing a home, the first ques
    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
    tion from that potential listing client is “What is your fee?” as opposed to what will I do for them to sell their home. No matter what I answer, some of these clients will insist it is too hi
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    h. I wonder how many of these people ask that of other professional service providers they use. It is just as important to understand WHAT service will be provided as it is to know HOW MUCH yo
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    u will pay. In this slower buyers market, getting the home SOLD is the key to success. As a seller you need to ask questions regarding what quality of service will be provided prior to negotia
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    ting a listing fee.


    What is FULL Service Real Estate?


    As a full service real estate agent, from the time you contact me, I go to work.


    **I consult with you and a
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    dvise on how to prepare your home to get the best possible price.


    **I analyze the market and assist you in properly pricing your home.


    **I take the time to research to see if yo
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    ur city requires any point-of-sale inspections and recommend service providers for those inspections on your home, well or septic system.


    **It is my job to prepare marketing materials,
    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
    provide signs and hold open houses.


    **I review offers with you and provide expert advice on the pluses and minuses of each purchase agreement so that you know when to make a good count
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    eroffer and/or when to accept the deal.


    **I work with the buyer’s agent to negotiate the best possible terms as directed by you.


    **If the purchase agreement included contingenci
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    es for other inspections or repairs, I assist you through the process.


    From your initial phone call through the final paperwork, I am by your side as a professional Realtor, providing
    .

    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
    high quality service. From the amount of referrals I receive, I know that my fee is fair for the service I provide.


    Focus on the quality of service first when you hire a professional t
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    o assist you in the sale of your largest investment. When you have complete information on what the agent will provide, then start negotiating the commission.


    Copyright 2007 Teri Eckhol


    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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