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Real estate brokers and sales people are not all created equal. The glaring difference between the two is the difference in licensing. A broker is licensed to negotiate the sale of r

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

eal property and represents the principal (seller or buyer). A sales person works solely for the broker, representing the respective principal under the guidance and license of the br

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

Examples of combination products may in

ker. But even aside form the technical licensing issues, it’s important to realize who’s representing you.

In our article titled, Real Estate Agents Must Have These Qualities, we poi

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

nted out many of the characteristics of a good real estate agent. In this article, we’re showcasing the real estate broker’s legal fiduciary duties. Many real estate investors talk a

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

out “finding a good real estate agent,” or one who is familiar with investment properties. That’s certainly recommended within real estate investing circles, as it should be.

However

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

Combination pro

there’s one thing that many real estate investors or even regular home buyers do not take into account and that is the fiduciary responsibilities of the real estate broker. Most real

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

estate brokers generally represent sellers because that’s where the majority of the money lies. Sellers own the real property and want to sell, most buyers have many hurdles to overc

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

me and don’t own anything.

So when we look at “finding a real estate agent” to locate properties, do “comps”, etc., where do we stand, as the investor/buyer? Unless you have a Buyers

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

Agency with the real estate broker, no matter what they tell you or what type of information they obtain, the most important question remains, “where do their fiduciary responsibiliti

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

s lie?”

Let’s take that one step further and use “comps” as an example. As a broker or sales person who represents sellers, even other agents listings, their loyalty always remains w

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

th the sellers. If you’re working with a sales person and they’re pulling comps for you, they will present information and it is up to you, the investor, to make the final judgments a

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

Following aspects would a

bout what to buy and not to buy. No one is forcing you to buy a property. So, the real estate sales person you’re working with shows you comps, but unless their a buyers agent, at th

dd to the challenges in developing combination products:

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

end of the day, they work for the seller.

So you ask them a question like, “Can you find out how much the sellers owe on the property?” This sort of question will depend on the agen

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

ts fiduciary responsibilities, or it should. As a real estate sales agent, they cannot lie to either party or misrepresent or hide information from either party in the transaction if

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

t would be detrimental. However, a real estate agents loyalties will certainly play a part when it comes to a question like this. If they have an agency with the seller, if the selle

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

does not wish to have this information known to buyers, then the real estate agent will not obtain this information.

Many real estate investors will work with buyers agents, meaning

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

Professional from academic institutions, pharmaceutical industries, health care indust

that a real estate broker will work directly with or will have one of his/her sales agents work with a buyer. In this case, a buyers agency means that the broker or sales agent workin

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

under the broker has a principal relationship with the buyer, rather than the seller. This situation does represent some stickiness for the broker because how can a broker represent

.

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

both sellers and buyers? Many brokers avoid this exact situation for this reason. However, there are many brokers that work to represent buyers.

Communicating with the real estate a

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

Companies that provide selfless information through particip

ent is essential. Know where you stand and match that to the relationship you want with a real estate broker/sales agent and remember that not all real estate agents are created equal

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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Whenever I talk about buying businesses I tend to get a lot of questions about distance. How far away should a business you buy be? Should it be in your backyard? Should it be in another city? Another state? Another country? In other words, they want to know if distance plays a factor in the success of a business they buy, and what do I think about it?

Put simply are you happy with the ROI of your internet investment? If you are then there is no doubt that your profits are rising, or they are poised to do so. If you are not, this article explores a simple mechanism to improve the performance of your internet investment.

You may easily become overwhelmed when you are learning how to design your own web page. Web design presents information graphically on the Internet through Web sites and Web applications for a variety of purposes from commercial to personal. This article will discuss the elements of web design and its goals and purposes. It will also describe different types of web sites that require specific design elements and current trends in web design.

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