Top Adding - Real Estate

You have just left a meeting with the president of your company located in Kansas, and your boss has given you instructions to find off

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

ice space for your Company in New York City. A feeling of fear grips you. You say to yourself,

“Where is my space? How do I find it?”

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

Examples of combination products may in

Your first thought is to go to google to search for a real estate leasing agent to find you the office space that will give you a pres

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

ence in the big city.

But there are so many of them, how do you decide which one will best represent your company and make you look go

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

d?

This is a big decision for you and your company. A good way to start is to check out potential leasing agent’s Web sites.

But what

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

Combination pro

should you be looking for to help you decide which real estate leasing brokerage Company is the right one for you: the one that will m

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

ake you look good, the one that will work with you, and with whom you can establish a relationship.

There are a number of things to lo

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

ok for:

1. To start with, how long has the real estate leasing company been in business?

2. Do they have a fully qualified staff that

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

can analyze your requirements and come up with the right lease for you?

3. Can they find you space that meets all your technology need

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

s so that you can communicate quickly and easily with the home office?

4. Are they capable of leading any negotiation for space with t

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

he landlord?

5. Will they take the time to develop a keen understanding of your business and your needs?

6. Have they successfully pa

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

Following aspects would a

rticipated in many big leasing deals?

7. Can they provide you with market demographics for your report to your boss?

8. Can they prov

dd to the challenges in developing combination products:

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

de you with all the elements necessary to achieve maximum cost savings and efficiencies?

9. Will they be by your side throughout the w

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

hole lease negotiation looking out for you and your Company’s best interests?

These are all things to look for in a real estate leasin

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

g agent you choose to represent you. One of the most important aspects to ascertain is if they will provide you with a free consultatio

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

n to determine your needs.

This is going to represent a major investment of time and money by you and your Company. It’s important tha

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

Professional from academic institutions, pharmaceutical industries, health care indust

you find the right leasing agent to represent you.

The right agent can provide you with all the things you need to make a report to y

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

our boss or Board of Directors, such as maps, market demographics, and a cost analysis. The right agent can make you look good. It pays

.

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

to take your time and choose wisely. It pays to use the criteria provided above to make your selection.

It isn’t easy moving your Co

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

Companies that provide selfless information through particip

mpany’s image from Kansas to the middle of Manhattan, but with the right real estate leasing agent at your side, you can do it. ******

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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