Useful Articles - Real Estate

Just a few short months ago the people of Montenegro voted to sever ties with Serbia even though they knew that in the short term this would set back their na

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

tion’s chances of EU entry and destabilise the political and economic development of Montenegro.

As a result of achieving independence Montenegro did indeed

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

Examples of combination products may in

ose its Council of Europe membership for example, but in terms of what it gained, it gained the potential to become a tourism destination of note once again a

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

nd the chance to have an emerging property market with serious potential for expansion.

There has been a great deal of international focus on the nation thro

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

ghout 2006 and not all of the focus has been positive; some reports have tended to focus on what Montenegro lacks such as mortgages and sophisticated infrastr

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

Combination pro

ucture, some have focused on what Montenegro has but does not need such as a history of black market corruption – but few have offered a balanced and tempered

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

overview of Montenegro and what it can offer a property investor over the longer term…

Montenegro has a responsible government; since independence it has bee

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

n pursuing everything from EU entry in the medium term to immediate membership of the World Trade Organisation, it has already attracted serious international

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

direct investment in the form of the latest James Bond movie which was filmed across Montenegro and in the form of the chairman, CEO and founder of one of the

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

largest real estate investment trusts listed on the NYSE who agreed terms with the Montenegrin government to buy and totally redevelop a former rundown and d

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

sused ship yard into a tourism and real estate haven in a small coastal town in Montenegro called Tivat.

All efforts are being rewarded – Russian, Scandinavi

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

Following aspects would a

n, US, UK and Irish interest in tourism and property is surging ahead and prices are creeping up – and now that James Bond has showcased Montenegro’s diverse

dd to the challenges in developing combination products:

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

and stunning countryside, summer 2007 could see Montenegro return to its former glory days when the likes of Elizabeth Taylor and Richard Burton holidayed on

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

ts shores.

In terms of the property market and its prospects – well, the government have taken measures to improve the buying process for overseas investors

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

because those who come pay for their purchases with cash that is needed to bolster the economy. Those who are buying and investing want to see Montenegro dev

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

lop to become a sophisticated tourism destination and they are not in any hurry nor do they want to see the nation exploited, therefore those buying propertie

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

Professional from academic institutions, pharmaceutical industries, health care indust

s today should consider their investment a long term one.

Mortgages will come, as will much needed infrastructure improvements and the reduction of unemploym

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

nt. Local people will become more affluent and able and willing to buy real estate - and slowly but surely more and more prospects for profitability will beco

.

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

me available for an investor.

In the short term property price expansion and rental yields achievable from property stock are limited, but 2007 is a great ye

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

Companies that provide selfless information through particip

r to enter the market for those who can tolerate risk and who can recognise the inimitable potential epitomised by the property market in Montenegro right now

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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Most people don’t realize how powerful a negotiating tool silence is. I discovered exactly how effective as I recently observed someone discussing a deal with a prospective customer this past week.

When starting your own business it pays to jot down a business plan and that is not too hard considering that many of the business plans are already out there for the type of business which you will probably be starting.

If you plan to sell products online, or even if you want to display your catalog, you need a shopping cart. In this article we will cover a basic explanation of the process to implement such a website.

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Useful Articles - Real Estate Property Investment Series: Focus Montenegro 2007

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