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What do you do when others try to steer you away from your real estate investing goals?

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

Sometimes even well meaning friends become cold-water bucket brigades. They throw co

; 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 water on your dreams and dampen your enthusiasm with their negativity.

They will tel

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

you about their Uncle Harry who lost a lot of money in real estate. They are quick to

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

give you all the reasons not to invest.

If you announce to others that your goal is to

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

Combination pro

become a wealthy real estate investor, I guarantee you some of them with try to discou

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

age you. That’s true of any announced goal.

Tell them you’re trying to lose weight and

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

they’ll offer you a cookie. Tell them you plan to get rich in real estate and they’ll

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

ell you why that’s a stupid idea.

Some life coaches go so far as to say that you shoul

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

d NOT announce your goals to others. This way they have no way to offer their negative

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

nput.

I think you’ll have to figure that one out for yourself. Do what works for you.

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

Following aspects would a

However, you must be prepared to handle the naysayer. When someone offers you their n

dd to the challenges in developing combination products:

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

gative feedback one great response to the negative Nelly is to simply say, “Thanks for

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

sharing!” Then quickly change the subject.

Did you know that your net worth is probab

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

y the average of your five closest friends?

Think about the 5 people to whom you are c

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

osest. Could it possibly be true? Yes, it is very likely true.

So, if you are seriou

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

Professional from academic institutions, pharmaceutical industries, health care indust

about increasing your net worth, you may need to think about getting some new friends.

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

I’m not suggesting that you “fire” you current friends. But, you will probably find

.

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

hat it happens automatically over time. As you develop your new interest and meet new

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

Companies that provide selfless information through particip

eople, you will probably develop some new friends.

Just be sure to pick some rich ones

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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I probably answer this question for someone a couple times every week. The problem is that they don’t have a good formula for determining the most they can pay and still make a profit – so they’re scared to make any offer.

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