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With liberalization, Bangalore once a sleepy city is now seeing a vibrant industrial growth with it, the real estate prices and rents starte

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

d booming driven by increased investments by the IT industry and high salaries drawn by its employees. Between 1991-94 Bangalore saw one of

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

Examples of combination products may in

he major property price hikes even up to 200 per cent in some areas. Investments by NRIs also added to the boom. Between 1995 and 2000, the

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

roperty bubble built on speculations burst and prices declined by almost 30–40 per cent all across India, including Bangalore. There was a s

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

ight recovery in 1999-2000 periods, riding on the dotcom boom. The year 2002 saw the first signs of recovery in real estate prices, both res

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

Combination pro

dential and commercial and there has been no looking back after that. IT sector started flourishing taking investing in huge office spaces.

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

Also started the influx of people from all across India and even from outside to one IT destination – Bangalore. IT services sector grew lea

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

s and bound and created many millionaires out of the burgeoning middleclass in the city. The IT sector with hundreds of thousands of compani

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

s acquired large chunks of the prime property within the city and moved on to the outskirts and beyond. Another real estate boom started.

P

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

operty prices for both residential and commercial spaces saw an increase of over 100 per cent and the rise continues in a frenzied pace. It

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

s estimated that between 2003 and 2006, IT companies acquired a total of 20-million sq. ft space. This also means large-scale recruitments t

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

Following aspects would a

aken up by IT firms. Today, the much read and traveled techies are looking for luxury apartments and villas and are willing to pay a premium

dd to the challenges in developing combination products:

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

for their dream houses. An apartment or a villa worth Rs 1 crore and above is no more exclusive for business tycoons. It is an easy buy for

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

middle level manager in an MNC IT firm. Many of these professionals are on a property-buying spree not only for accommodation, but also as

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

future investment. Real estate has become part of investment portfolio for many. So despite the skyrocketing prices, the demand for propert

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

is increasing. Today, a two-bed room apartment in the outskirts of Bangalore will cost you nothing less than Rs 1500 per square feet. A 120

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

Professional from academic institutions, pharmaceutical industries, health care indust

0 square feet site will cost anywhere between Rs 650-Rs 1500 per square feet compared to Rs 150-350 in 2002. And the outskirts defined here

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

re places beyond Devanahalli, Whitefield, Sarjapur, Electronic City, Hoskote, Kanakpura, Kengeri, Bannerghatta and even further, which are a

.

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

good 25-50 kilometers away from the city. Appreciation in price has been almost 70 per cent in residential apartments, and land values have

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

Companies that provide selfless information through particip

one up by over 100 per cent in some cases.

Bangalore Property

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

Learn smart ways of using trade show services. It is important to know how to save costs at your trade show exhibit.

Outsourcing and Offshoring may be a sound option for companies that are trying to cut cost. The returns are high and so are the risks. Here are some bare essentials you need to know before deliberating and exploring.

Whenever I think my experience can help someone make a better decision, learn something new or contract with an industry leader, I often email a quick testimonial, send off a video or step out in front of a video camera to give them a snapshot of my story they can use in their marketing. In this article written by Barbara Rozgonyi, founder of CoryWest Media and creator of Panoramic PR, you'll learn the five steps you need to take to make telling your story about using someone else's product perform as a powerful free publicity tool.

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