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Top Articles - Screen Prospective Tenants Thoroughly : Finding the Right Tenant
If you’re ready to rent out your house or apartment, it is time to scout for the right tenant. Whether you’re a newbie or an old-hand to renting out properties, it is always a
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
bit hard to determine if the person you find for your property is the right kind of tenant.
You have the right to screen and investigate your prospective tenants. However, t
You have the right to screen and investigate your prospective tenants. However, t
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
o prevent misunderstandings and to avoid ugly surprises later on, here are some basic steps you can follow when doing your investigation:
First Time Call – Prepare a list of
First Time Call – Prepare a list of
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
questions you want to ask when prospective tenants call in to find out about your property and also keep in mind all that you have to let them know regarding your rental. Prep
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
are a comprehensive list of questions – eg. reason for moving, number of people, pets etc. Base your questions on the concerns that are relevant to you. Find out, if you can
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
, what exactly they are looking for before you pass on details. This will give you an idea of whether or not they will be suitable for the space you have. Let them know about
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
the rent and security deposit requirements and any other important conditions you may have - like regarding pets, smoking policy, etc.
When Showing Around – When you have ten
When Showing Around – When you have ten
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
ants coming over to see your place, you bring out the guns to make sure that they like what they see. But don’t forget that it is a two way process. You too have to like what
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
you see. Try and get to know as much about them while showing around, you may get a feel of the kind of people they are. Your prospective tenant is trying to make the right fi
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
rst impression. So it is up to you to see what is real and what is not.
Simple things a person does can say volumes about him/her. Apart from speaking politely and showing re
Simple things a person does can say volumes about him/her. Apart from speaking politely and showing re
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
spect, see if the person behaves well too. For instance, did he/she wipe their shoes on the doormat before entering? Were they smoking when they first met you? Are the questio
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
ns they ask about your property relevant or just things they’re picking on for later negotiations? Keep mental note of everything, as all these factors will play a role when d
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
eciding on the right tenant.
Application Form – Make sure the application form asks for all the possible details you'd want in screening the tenant. It's important to have a
Application Form – Make sure the application form asks for all the possible details you'd want in screening the tenant. It's important to have a
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
form which covers all points.
Once you have the completed form in hand, scrutinize it with absolute care. Make sure you run a credit report on the applicant for your safety.
Once you have the completed form in hand, scrutinize it with absolute care. Make sure you run a credit report on the applicant for your safety.
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
Also, make sure you get references from them and follow up on these references.
Finalizing the Deal – After you’ve made a decision let your prospective tenants know about it
Finalizing the Deal – After you’ve made a decision let your prospective tenants know about it
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
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
and tell them about any concessions you ‘made especially for them’ such as overlooking any minor credit discrepancies, etc.
Don’t forget that until both signatures are on the
Don’t forget that until both signatures are on the
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
lease, you can still back out if the prospect doesn’t quite live up to your expectations. After setting the time, date and place for a meeting, inform them about the money th
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ey will have to bring and other documentation for verification.
Lease Document - The document should be up to the mark and cover your back in the eventuality of your tenant p
Lease Document - The document should be up to the mark and cover your back in the eventuality of your tenant p
.
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
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
roving to be a nusiance.
Screen your tenants carefully at every given point and opportunity you get. You have every right to examine and select your tenant as long as you do
Screen your tenants carefully at every given point and opportunity you get. You have every right to examine and select your tenant as long as you do
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
not discriminate against sex, religion, beliefs, race etc. The tighter your screening process, the more likely you are to end up with a quality tenant and longer relationship.
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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