Top Adding - Real Estate

You’ve decided to sell your home yourself and decide to have an open house to show off the property. Potential

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

buyers come and you get an offer. What now?

Qualifying Buyers

Your home is looking sharp and you’ve got the wo

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

Examples of combination products may in

d out telling people about the open house. Now you need to be prepared to take action if a qualified buyer atten

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

s, likes your home and wants to buy it.

Most qualified buyers will have a strong lender letter. If one of them

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

ants to buy, you can move on to the next step. There may be people who come to your open house who would like to

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

Combination pro

buy but don’t yet have a lender letter. Let me suggest a mutually helpful alliance for dealing with that situati

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

on.

Call several lenders before you schedule your open house. Tell them you’re planning an open house and you’d

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

like to have a lender on hand to help buyers (even if they don’t want to buy your home) figure out what they can

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

afford. Tell them you’d also like them to help you evaluate any lender letter you’re offered by a potential buye

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

. Choose the lender you feel most comfortable with and work out a mutually acceptable date for your open house.

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

You can introduce all attendees at your open house to the lender. This often proves to be helpful to you, some o

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

Following aspects would a

f the buyers who attend and can be a source of additional loans for the lender. Everybody wins.

Be Prepared for

dd to the challenges in developing combination products:

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

Action

You need to know how you want to handle a contract should someone want to make an offer. Do you have an

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

ttorney who will draw it? Are you going to suggest using a contract form? If so, have one on hand. Do you have a

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

specific settlement company you’d like to use? Do your homework and think these things through in advance. Buyer

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

may have ideas and connections of their own. You should consider any reasonable suggestion a potential buyer ma

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

Professional from academic institutions, pharmaceutical industries, health care indust

kes, but be prepared with your own approach if the buyer isn’t sure how to proceed. The point is to plan your co

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

rse of action in advance.

In Closing

FSBO sellers often worry whether anyone will attend their open houses. Th

.

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

y are then happily surprised when people arrive. Such happiness can turn to embarrassment when an offer is made

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

Companies that provide selfless information through particip

nd the FSBO seller isn’t sure how to handle it. If you think positively and prepare, this need not happen to you

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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