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Selling a .co.uk Domain Name via Sedo

This is a recent example of our experience selling a .co.uk domain name via Sedo. If you are new to domains or Sedo this will

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

give you a guide on the process and the time scales involved.

Negotiations

This is the hardest part of selling a domain – how much to ask? Ask too much and the

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

Examples of combination products may in

uyer may lose interest. Ask too little and you may not get the best price possible for your domain.

You can use www.domainprices.co.uk to get an idea of recent .co.uk dom

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

in sales prices or ask to an appraisal on the www.acorndomains.co.uk appraisal forum.

Come up with a price that allows you some room to haggle but don’t get so greedy you

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

scare off the bidder. This can be an anxious time, waiting for the domain prospect to come back with an offer.

Transaction Fees

Do not forget to allow for Sedo t

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

Combination pro

ansaction fees and Nominet transfer fees during the negotiation stage.

We asked for the buyer to pay Sedo’s fees (10% of sale price) and the Nominet fees on top of the sa

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

e price, which they agreed to.

Agreement Reached

We started negotiations on our domain on the 21st June and reached agreement on the sale price and fees on the 1s

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

t July.

Sedo Transfer Process

Having agreed the sale price, Sedo sent the buyer an Invoice on the 1st July.

The invoice is in your name and is placed in the buye

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

’s user account.

Once the buyer has made payment (into Sedo’s Escrow account), Sedo ask the buyer to make a transfer request at thier registrar or if the buyer has an acc

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

unt at the domain’s current registrar, they ask you to move it to his account.

NB: Make sure the administrative email address for your domain is active and that you can r

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

ceive emails from it or you will have trouble with the transfer process.

Once the transfer has been completed and the WHOIS information shows the buyer’s name, Sedo send

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

Following aspects would a

you the money.

Tip: Add your bank details to your Sedo account if you want to avoid Paypal fees for receiving the money.

Nominet Transfer Forms

Sedo didn’t ask u

dd to the challenges in developing combination products:

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

apply to Nominet for the domain transfer forms. Their emails are worded towards .COM domain name transfers.

We knew we would need these so as soon as we agreed a price w

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

emailed Nominet to request them and they arrived 2 days later.

This will save you time.

Sedo receive Payment

We chase Sedo on the 5th July as we had heard nothi

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

ng. This prompted them to chase the buyer for payment. Sedo advised that the buyer said they were making a bank transfer of the funds that day.

We chased again on the 7th

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

July with a response from Sedo that it would take a few more days. So much for electronic funds transfers!

Sedo confirmed receipt of the money on the 11th July

Finali

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

Professional from academic institutions, pharmaceutical industries, health care indust

ing the Transfer

Sedo sent us the Buyer’s details for us contact them about sending the Nominet forms.

We already had the forms in hand so signed and sent them on th

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

e 12th July.

On the 18th July we chased Sedo for any news, they contacted the buyer to see if they had received the forms.

22nd July we noticed the Nominet WHOIS showing

.

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

the buyers details.

(This is a little unsettling, your domain has been transferred but you have no funds).

Money Money Money

26th July we received an email from

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

Companies that provide selfless information through particip

edo saying they had sent the money to our account. They also stated this can take up to 7 business days.

We received the money on the 29th July.

Start to finish, 38 days

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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