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Before you hold an open house, it is wise to discuss with your real estate agent what you should expect from an open house. S

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

ome agents feel that the purpose of a virtual tour is to give a potential buyer the opportunity to tour the home on line inst

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

Examples of combination products may in

ead of visiting it in person. Clearly for any potential buyer visiting your home in person is much more helpful. I have see

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

n more buyers either express their disappointment or their surprise when they find what the virtual tour didn’t expose.

In t

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

oday’s market sellers often feel that every possible approach to gaining exposure for their home should be exhausted, includi

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

Combination pro

g open houses. I believe that there are certain advantages to having a public open house.

If you decide to host an open hou

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

se, here are some tips to make it worth your time:

If you are going to host an open house, advertise it during the week lead

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

ing up to the day. There is an exception to this rule. If a buyer has visited your home on a Thursday with his agent and has

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

decided it is one he may want to consider, a last minute decision to host open house that weekend may give him reason to make

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

an offer on your home fearing that he could lose the opportunity should someone else come along. Even if the open house has

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

not been advertised in the local paper, your agent can put it into the MLS and the interested buyer’s agent will surely let t

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

Following aspects would a

hem know about it. As well, any interested buyer will likely drive through the neighborhood while they contemplate making an

dd to the challenges in developing combination products:

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

offer on your home.

Be flexible for the very likely possibility that a nosy neighbor will visit the home. While the chances

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

are not great that they are looking on behalf of someone they know, it is possible. Having a sign-in sheet might keep those

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

who are less bold from coming into your home. A sign-in sheet is a good idea anyway because any feedback is good and your a

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

ent can call the visitors to see what they thought, assuming they entered correct information on the sign-in sheet. Again, s

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

Professional from academic institutions, pharmaceutical industries, health care indust

et your expectations accordingly.

Condensing your open house time to an hour and a half or two hours has its benefits. Obvio

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

usly, you aren’t as inconvenienced. If a potential buyer has read the ad and is interested, they will make time to visit the

.

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

home. There is also a better chance that more than one visitor will be there at the same time which could make the home appe

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

Companies that provide selfless information through particip

ar more appealing and create a sense of urgency. There is nothing etched in stone that says an open house has to be from 1-4

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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