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Basking in the sun just off the north western coast of Africa, Cape Verde is a glorious archipelago of nine inhabited islands boasting a colourful creole of African and European cultures, today b

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

ringing a fresh surge of tourism and investment to its shores.

With developments going up fast, particularly on the busy island of Sal and around Praia on Santiago Island, the Cape Verde Islands

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

Examples of combination products may in

are witnessing rapid change both in appearance and economic status. In fact they are currently tipped to undergo a similar kind of metamorphosis experienced in the Canary Islands some thirty ye

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

rs ago.

Nevertheless the past six to eight months do seem to have seen a relative calm on the Islands in terms of investment opportunities in quality new developments on prime locations. Fortun

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

ately this situation is about to change as investors await the launch of four superb new projects to be released on the islands of Sal and Sao Vicente over the next few months. One such project,

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

Combination pro

now at launch stage, is Dunas Beach Resort, offering front line beach or golf properties and all the luxury on-site facilities to be expected of any modern golf and leisure resort today, includin

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

g a spectacular commercial centre, luxury spa, communal pools and gymnasium.

As most savvy investors are aware, Cape Verde is the nearest Tropical destination for Northern Europeans and, at mere

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

5.5 hours budget flight from London, it sits on the brink of a heyday both as a tourist destination and as a property investment hotspot. According to official figures, visitors to Cape Verde ar

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

e growing at a rate of 22% per annum, with over one million per year expected by 2015. Euromonitor global travel and tourism manager Caroline Bremner told TravelMole: "Tourism has become one of

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

he world’s biggest and fastest growing industries, with global visitor numbers growing by 16% over 2004 and 2005 to reach 118.6 million. As a result, towns, cities and regions are welcoming a hug

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

e new influx of tourists and have begun to aggressively market their natural and historical attributes in order to encourage visitors." Many other new facilities are also being established; for

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

Following aspects would a

example a Macau businessman, David Chow, is investing over $100m in a casino and hotel complex in the capital city of Praia.

Increased tourism investment into Cape Verde’s economy has brought w

dd to the challenges in developing combination products:

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

th it a new wave of businesses, all seeking top quality commercial and residential accommodation. With new investment projects worth over ?150 million currently underway and more overseas proper

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

ty investors than ever before, flights to Cape Verde are constantly on the increase. These extra services have prompted savvy investors to look at the Islands’ great potential for wise moves int

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

property and tourism in Cape Verde. Those investors who bought only 24 months ago have already seen price increases of some 70% in some locations, a fact which, in itself, is a great indicator

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

of what is still to come while economic development is by no means over.

Due to increased economic activity, Cape Verde now celebrates a matching decline in unemployment along with far higher st

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

Professional from academic institutions, pharmaceutical industries, health care indust

ndards of living than ever experienced on the Islands. Recent improvements to the infrastructure and utilities are key areas which Cape Verde has been developing, bringing about vast improvement

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

s to islanders’ daily lives. For example, in 2000 only 68% of households had electricity while today over 90% are connected to mains power. Other services such as running water, waste and sewage

.

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

disposal are now widely available as the country swiftly moves on with modern times to become one of the world’s top tourist and investment locations.

So the winds of change are still blowing st

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

Companies that provide selfless information through particip

rong in Cape Verde and its sails are filled towards its final destination of success. Many investors are eagerly jumping aboard in order to reap the rewards that emerging Cape Verde offers today

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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