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A recent survey reveals that 58 % of home owners across Florida place positive views regarding the continual rise of the value of their homes over the subsequent 12 months. The gene

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

ral perspective holds regardless of indications that the five-year boom in the Florida housing market is declining. This online survey, which is conducted every year by Florida-based At

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

Examples of combination products may in

orneys’ Title Insurance Fund’s Consumer Education Campaign, samples a poll of more than a thousand home owners throughout the state within the period of May 30 to June 6, 2006. The surve

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

focused on dynamic Florida housing markets such as Broward, Miami-Dade County, Tampa, Sarasota County, Fort Myers-Naples, West Palm Beach, and Orlando. The respondents are aged 18 and

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

bove. The survey puts forward that home owners have been vigilant about the condition of the Florida housing market, in spite of the fact that affordability remains to be th

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

Combination pro

major obstacle to purchasing a home (71 % of respondents’ opinions). Homeowners in Miami-Dade and Fort Myers-Naples are even more likely to say that “affordability” is a considerable pu

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

chasing obstacle (both 83 %). With nearly a 30 % rise from 2005 figures, Tampa witnesses the biggest increase in percent citing “affordability” as the primary obstacle to home ownership

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

compared to other areas in Florida.

The interesting facet of the result reveals that the views of home owners across Florida are split about whether the year 2006 is a good or bad ti

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

e to purchase Florida real estate (amounting to 42 % for both views). However, by examining samples for select regions such as Sarasota County (53 %), West Palm Beach (49 %), and Orlando

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

(43 %), statistics reveal a slightly higher chance to believe that now is a good time to buy a home as compared to regions like Tampa (42 %), Broward County (39 %), and Miami-Dade (34 %

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

.

Nonetheless, hurricanes still linger within the minds of home owners. Nearly half of all respondents (47 %) said that they have apprehensions about being hit by a storm. Another 16 %

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

Following aspects would a

of the respondents mention the impact of a housing bubble as their biggest worry, and even fewer cite escalating mortgage interest rates (13 %), devaluating home prices (5 %), or becomin

dd to the challenges in developing combination products:

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

the victim of real estate scam (1 %) as their biggest real estate anxiety in Florida. What is surprising about these figures is that Florida home owners do not rank high in terms of th

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

concern of being the victim of real estate fraud, especially for the fact that Florida was recently branded as the top state across the nation with regards to prevalence of mortgage fr

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

auds.

The survey also reveals that the most confusing part of purchasing a property in the Florida housing market is the un

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

erstanding real estate laws, which is evident in 41 % of the respondents citing such. In point of fact, about a third of Florida home owners found that understanding Florida real estate

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

Professional from academic institutions, pharmaceutical industries, health care indust

law is extremely confusing. Other aspects in the process of buying Florida real estate that are considered confusing includes understanding settlement/closing process with 24 % of the re

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

pondents saying that it is extremely confusing.

About half of home owners of Florida (48 %) have consulted with a real estate attorney in the past. This aspect of the survey shows that

.

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

residents in South Florida consult real estate attorneys more frequently compared to residents in other parts of the state. For instance, 67 % of residents in Miami-Dade County, 61 % in

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

Companies that provide selfless information through particip

Broward and 60 % of residents in West Palm Beach cite that they have been consulting with real estate attorneys, whereas only 37 % of residents in Tampa and 44 % in Orlando have done so

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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