Top Adding - Real Estate

When it comes time to put your house on the market, pricing can make or break your sale. If

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

you overprice your home, you risk watching it languish on the market, but under-pricing 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

means minimizing your investment. The starting point for pricing should be based on recent

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

sales in the neighborhood, not on personal attachment. Regardless of what you think your h

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

ome is worth, the pricing should be based on market value - this is why it's important to f

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

Combination pro

ind a good real estate agent who is familiar with the area. He or she will start by looking

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

at what other comparable houses in your area have sold for. This is called a comparative m

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

arket analysis (CMA).

Another important consideration is the market. To be safe you want t

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

o allow yourself enough wiggle room to come down in negotiations, but if it's a buyers' mar

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

ket you will have to do more to make your home stand out. Pricing your home below the compe

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

tition should ensure multiple offers, thus driving up the selling price. Other tactics incl

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

Following aspects would a

ude being flexible around financing options and offering incentives. In any case, you want

dd to the challenges in developing combination products:

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

to price your home low enough that you will get traffic through - the first three weeks are

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

important. If the house sits longer than three weeks perspective buyers may assume somethi

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

ng's wrong with it.

In a seller's market it's safe to add 10 per cent to the last comparab

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

le sale in your neighborhood and in a balanced market you may aim to add an amount based on

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

Professional from academic institutions, pharmaceutical industries, health care indust

the last comparable sale plus the average market increase calculated over the time since t

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

hat sale.

Remember, pricing your house is as much an art as it is a science. In the end 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

e price is important, but marketing and staging your home plays a vital role as well. A goo

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

Companies that provide selfless information through particip

d realtor can guide you through this process and help you get the best price for your house

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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