Digg It - Finance

Who says only real estate have brokerage? Planes may not be as hot as real estates are but there definitely is such a thing as air

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

craft brokerage. You might not have thought this to be existent, unless of course, you’re into airplanes yourself. How often do we

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

Examples of combination products may in

hear of people looking around for a good airplane bargain, or those that ask us if we want to buy one? And how many times in a wee

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

do we see advertisements in the paper about such sale? Who bothers to count?

That is probably one of the reasons why anybody can

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

sell an airplane. There are no special trainings available and no required licenses to secure in order for a person to sell an air

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

Combination pro

lane. Why, even your seven-year old kid can sell your airplane if you’re too busy to do it yourself! The question is, would anyone

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

want to buy it from him?

Aircraft brokerage, unlike the real estate business, is not regulated. This means that you have be very

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

careful because even if there are a lot of really good brokers around, you might just end up doing business with those who are not

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

People engaged in aircraft brokerage without the essential knowledge of the business will just cost you money and gives you a cos

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

ly experience to deal with.

Of course, there’s always the option to sell the aircraft yourself. But if you are rich enough to be

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

n possession of one, then you probably don’t have the luxury of looking around for potential buyers. You might be able to pocket a

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

Following aspects would a

l the money from its sale, but you’d be losing much more by fooling around with your time acting as your own aircraft brokerage fi

dd to the challenges in developing combination products:

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

m.

Aircraft brokerage companies are aircraft brokers and dealers at the same time. And what’s their difference? Brokers are those

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

people that bring the seller and buyer together and profits through commission after a sale is closed. A dealer is almost always a

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

broker himself. He buys the aircraft at about 10-15% less than what the seller sells it for. Some dealers accept trade-ins as par

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

of their marketing scheme.

A good way to “dispose” of that aircraft would be through an aircraft brokerage company. However, bec

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

Professional from academic institutions, pharmaceutical industries, health care indust

use there are no regulations that control the aircraft brokerage business, it is best to spend time in choosing the most reliable

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

irm. The good ones can give you the best offer and can guarantee the buyers of a fair deal as well. If you must decide on doing bu

.

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

iness with a broker, never entrust your property to someone who does not seem to know much about airplanes and the whole aircraft

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

Companies that provide selfless information through particip

rokerage business in general. He might just be taking lessons from your airplane and will let you end up with unnecessary expenses

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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