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How much can you save by selling without using an estate agent? Commission rates in the UK vary between about 1% and 2.25

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

% so even a cheaper property could cost you several thousand pounds.

But if you are considering selling your house yours

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

Examples of combination products may in

elf there is much more to consider than simply the fact of saving the estate agent's fee. Nine out of ten people still ch

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

oose to use an estate agent to sell their house, and for some very good reasons. Find out the pro's and con's of using an

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

estate agent versus going down the private sale route.

Selling Your House Privately

The costs

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

Combination pro

of selling are much lower

You must prepare your own sales particulars

You arrange and pay for your own a

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

dvertising - likely to cost you more than the agents will pay

Have your own For Sale board made and erected

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

li>No high street presence

Personal contact with buyers - you must make your own judgement about them

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

ready pool of buyers

Conduct your own viewings so you need to practice and perfect your own selling routine

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

li>Can get feedback directly although viewers may be reluctant to give frank opinions about the property

The sell

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

er handles his own negotiating with potential buyers

Seller can keep a personal up-to-date record of progress in

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

Following aspects would a

selling the house

Using An Estate Agent

Commission fees of around 1.5% of the selling pri

dd to the challenges in developing combination products:

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

The agent measures your house, takes photos and writes up your particulars

Arranges and pays for the a

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

dvertising - included in the fee

Arranges to use an agent's For Sale Board

Visibility ot potential buyers

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

in the estate agent's high street shop window

Vets potential buyers

May have potential buyers for your s

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

ort of property already on the books

Can conduct viewings for you but may not have detailed knowledge of your hou

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

Professional from academic institutions, pharmaceutical industries, health care indust

May or may not get feedback from viewers but more likely to get frank opinions

Receives offers on beha

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

lf of the seller and negotiates with potential buyers

Deals with many properties so may not keep up-to-date with

.

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

progress once an offer is accepted

To sell your house privately you need to have the time and commitment to de

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

Companies that provide selfless information through particip

al with the selling process. You have to do the work that you would otherwise pay an estate agent to perform for you.

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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