Top Adding - Real Estate

I’m sure everyone has noticed that FSBOs (For Sale By Owners) are sprouting up everywhere. The more FSBO signs that get put on the l

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

awn, the more the next door neighbor will seriously consider the same route, and the cycle is rampant!

I have taken special note of

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

Examples of combination products may in

this fact because I am in the real estate business and realize that homeowners are getting smarter and smarter. Many of them can no

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

onger accept the tremendous loss of cash that they are giving away to a Realtor that lists their home.

What every For Sale By Owner

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

has in common is that they want to save thousands of dollars in Realtor fees. What normal human being wouldn’t? Why not take on the

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

Combination pro

ask because in the end all the FSBO wants is a sale from a qualified buyer. The concept seems pretty simple, sell for top dollar in

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

he least amount of time and put maximum cash in their pockets. Believe it or not, this can effectively get accomplished by the FSBO.

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

Realtor commissions appear outrageous and they seem to be escalating. More and more Realtors are trying to justify an 8 – 10% comm

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

ssion! Can you imagine? In some areas, the average home sale is anywhere between four hundred thousand and six hundred thousand doll

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

rs. When a seller lists their home with a Realtor who commands a 6 – 10% commission, there goes $24,000 – 60,000 in cash! Most FSBOs

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

and aspiring FSBOs would agree that this amount of money is well worth a little time and effort.

I know how the business works and

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

Following aspects would a

now that FSBOs are a great way to save a ton of money! I am giving this advice because for one, I can not possibly sell every home i

dd to the challenges in developing combination products:

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

America, and secondly there are people who honestly are not in a position to afford a Realtor. I have seen cases where a homeowner

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

ill let their property go into foreclosure because they don’t know where on earth to begin to sell and because Realtors may have fri

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

ghtened them into thinking that they can not possibly do it on their own. I also know that Realtors sometimes use a bunch of scare t

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

ctics with a lot of legal jargon which ultimately mentally paralyzes the homeowner. Unfortunately when this happens, many homeowners

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

Professional from academic institutions, pharmaceutical industries, health care indust

resort to taking no action at all. In the case when a home has to be sold and the owner can not afford a Realtor, foreclosure result

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

. This is an absolute tragedy! I will not say that I am disgusted with the business, but sometimes disappointed in the ways home own

.

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

rs may get exploited.

Do the research, invest a little time to collect information so that you are confident in your endeavor.

One

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

Companies that provide selfless information through particip

last word, whether Realtors want to admit it or not, FBSO’ are here to stay!

Whatever you choose, I wish you success! Carol Wilso

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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