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Once known as the party and culture city of the Middle East Lebanon's capital Beirut is now the place overseas property investors are looking towar

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

d. The image etched in the minds of Europeans for example is that of a war torn Beirut. It’s now time to think again as the region now offers great

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

Examples of combination products may in

prospects for property investors. Beirut's low property prices combined with new inward investment make it to set to be a good place to invest.

Be

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

irut the capital.

Beirut is benefiting from investment from abroad and is undergoing a major face lift. The new construction boom is taking place

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

nd will help Beirut return to its former glory. This property boom is being fuelled by expats and overseas buyers who have already seen the great p

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

Combination pro

otential in this region.

Developers are heading Beirut’s way.

Damac Properties is investing in the region with a $150m real estate venture called

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

La Residence a 27 storey luxury tower designed by Ivana Trump. Other developers have also seen the potential and Beirut will be offering off plan i

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

nvestments to investor’s world wide.

Tourism is set to increase.

The World Travel and Tourism Council (WTTC) are upbeat about the future of touri

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

m in Lebanon. Lebanon's travel and tourism industry is expected to generate $4.4 billion in revenues in 2006, rising to some $8.7 billion in 2016.

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

The report expects the Lebanese travel and tourism industry's activities to grow by 6.2 percent in 2006 and 4.4 percent per annum, in real terms, b

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

tween 2007 and 2016. It added that tourism is expected to rise from 10.9 percent of Lebanon's GDP, or $2.4 billion, in 2006 to 14.4 percent, or $5.

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

Following aspects would a

5 billion, in 2016

Beirut's education system is impressive.

Beirut has important universities targeted from major Arab countries seeking for cert

dd to the challenges in developing combination products:

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

in level of education. The most notable is the American University of Beirut (AUB); others are the American Lebanese University (ALU), Beirut-Arab

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

University, and the Lebanese Maronite University. Lebanon today is facing an unprecedented property boom with property prices soaring.

Beirut's ni

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

htlife is electric.

Beirut is a party town with bars and nightclubs open to the early hours. It has a social feel of Ibiza and New York City its p

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

eople exhibit an overwhelming thirst for life. Visitors are spoilt for choice and wealth is in the air with some exclusive places to dine and dance

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

Professional from academic institutions, pharmaceutical industries, health care indust

Beirut's stock exchange.

After eleven years of absence, the Beirut Stock Exchange returns with vigour. The stock exchange is set to play an impo

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

rtant role in attracting investment to Lebanon. The Beirut exchange has optimism in the future. Foreign interest in Lebanon was shown at meetings w

.

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

th the International Monetary Fund in Madrid.

Overseas investors.

All property investors know that part of your profits is made on the purchase p

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

Companies that provide selfless information through particip

rice. Beirut's low prices and apparent sound financial future make it a place that overseas investors need to examine.

Copyright 2006 Nicholas Mar

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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