Actual - Real Estate

Knock Knock Under normal circumstances, you wouldn’t let just anyone enter your house, right? If a couple knocked on your door one morning a

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

nd asked for a grand tour of your home, you would’ve slammed the door and called the police. When you’re selling your home, you do exactly the oppos

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

Examples of combination products may in

ite. You graciously welcome strangers and show them around the premises.

What do I do? If you’ve asked a real estate agent to help you out,

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

then you don’t have to worry about a thing during the open house. But if you’ve opted against getting a realtor, then everything would be on your sh

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

oulders. Don’t panic! It’s not very difficult. Just think of it as a small party: you tidy the place up (and lock the dog so he won’t jump on your g

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

Combination pro

uests), put some fresh flowers in nice vases, prepare a pot of coffee, put some cookies (and table napkins) out on a tray, and have information leaf

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

ets / brochures stacked in strategic places. Now all you have to do is to wait for people to come.

And this is the … One thing you mustn’t

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

do when conducting an Open House is to transform yourself into a tour guide. You don’t have to walk your guests through every room in the house and

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

opening doors and cupboards for them. Just greet them at the door, show them in and tell them that to just call you if they need anything. Let the b

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

yers go around the house at their own pace and at their own leisure. They would feel more comfortable and your absence would give them the privacy t

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

o discuss the pros (and cons) of your house freely.

Yes, the house has an alarm system and the code is … Since you are showing your house o

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

Following aspects would a

ff to potential buyers, you should be as upfront as possible. One of the questions usually brought up is about security. You can tell your guests th

dd to the challenges in developing combination products:

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

t you have a security system but, unless you have turned over the property to them, do not give out the password or deactivation code. If you have s

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

afety deposit boxes in your property, don’t show them where these are (just yet) and don’t tell them the unlocking combination. During open house ev

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

ents, you really don’t know who these guests are. Although most are serious buyers, there may be unscrupulous individuals who are taking this opport

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

nity to “case a joint”.

Silly me! I left my bracelet on the nightstand! Before you open your house to strangers, make sure that all your va

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

Professional from academic institutions, pharmaceutical industries, health care indust

luables (jewellery and nostalgic little memorabilia) are tucked safely away from sight. Do this not just to make your place a little less personal,

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

do this to prevent theft. If possible place your jewellery a container and have your kids bring it to grandma’s. As for the mementos, put them in a

.

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

ox and stow them away in the trunk of your car. Don’t leave little knick-knacks lying about. These small items are easy to palm and pocket.

If you

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

Companies that provide selfless information through particip

keep these safety precautions in mind, you can rest assured that your home and your family will still be safe, during and even after your open house

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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Before you list you home for sale, determine what you don't want to leave behind.

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