Advice You - Business

Northern New England is emerging from its economic recession steadily, no one is breaking any speed records but all is not down and out as predicted. Some industry sectors are blasting right along. New

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

Nano and Bio tech are strong and people are getting high paying jobs, while others in the areas of VT, NH, ME are saying that summer vacation rentals are not doing looking so hot as one property manag

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

Examples of combination products may in

ement consultant told us. Although from what we could tell it looks good. Another income property owner confirmed this who owns properties along 95 all the way into FL. ME is not great, NH is not as go

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

od either and a few have given up this year. In NH a 3 bedroom, private dock and hot tub with two boats was going for only $2,000 per week on a lake that was last year and this year about $1800.00 some

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

only $1200 per week; such a deal for a vacation. On the commercial side we are seeing Grubb and Ellis, Prudential, CB Richard Commercial etc. are inundated with properties and eager investors are look

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

Combination pro

ing to buy anything producing 8-10% in returns, which a few years back would be poor value and they would be uninterested. In MA, BioTech is getting a little boost from VC but very little else is drawi

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

ng in funds for expansion.

Healthcare is good, but not great, complaining about all the ruthless and vindictive regulators who are storming them as they say. In Maine many have gone back to school and

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

as a matter of fact when we visited we found that many of those unemployed people have gone back to school or decided to stop looking. Talked with a lady who ran a small business in one city whose hus

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

band had hurt his shoulder and was looking for something else but not all that hard. The idea of more people getting degrees in Maine was significant as it compares with Mass with only 1/3 the number o

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

f lettered degrees. In one Technical School-College in Maine it was found that 52.5% of all students were non-traditional, meaning online and night school, which is a growing trend across America. Is t

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

is non-traditional type of learning as good? Some say it is better.

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We have seen it and can tend to agree in many instances when we are discussing putting A

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

Following aspects would a

merican’s back to work. Maine has been making approximately 344 million in sales tax revenues and about 53 million a year in gas taxes. Non-Maine residents contributed 9 Billion in revenue to Maine’s e

dd to the challenges in developing combination products:

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

conomy in 2001. In winter of 2002-03 there was actually a 4% increase in tourism, which is good and it appears to be beating out airline traffic to other places as people can drive from the megalopolis

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

for the weekend, day or week. But we saw the same thing in Dolly Land in TN where people could drive for a min-vacation.

Average Housing price is up to 148K now, which is 13.8% higher than previously

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

. Hard work ethic is good in Maine and almost as good as the comments on the Western side of the country when discussing those in Iowa and places like Fargo North Dakota. This years Outlook “The State

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 Maine Business 2005” had plenty of examples of small businesses, housing builders, community banks, colleges, tourism success and other types of businesses doing well. We have to ask ourselves how a

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

Professional from academic institutions, pharmaceutical industries, health care indust

nd when will Maine be back to full speed in reality of the whole?

It looks as if it is happening now, and the time is clicking away as summer is burning and they are making hay as the snowbirds will l

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

eave in winter and tourism will be based on diehards and snowmobil’ers. Well it looks as if we are bullish on a few areas that are over 80,000 in population in Maine. There are many cities, which draw

.

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

from over all population bases, which we can consider. We like Augusta and Portland right away and will be looking at others after a complete economic recovery and in Summer of 2005. If you wish to st

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

Companies that provide selfless information through particip

art a business in Maine we would recommend any large city on the 95 including Bangor, Waterville, Augusta, Auburn/Lewiston/Brunswick, Portland, and Sanford/Springvale. Keep New England in your thoughts

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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Advice You - Mixed bag in Economic Recovery for VT, NH and ME

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