Subjects - Finance

Paying employees, rent and suppliers are the three biggest expenses that most business owne

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

rs face. If you are a wholesaler / reseller and buy and resell goods, your biggest expense

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

Examples of combination products may in

s likely to be supplier payments. On the other hand, if you provide services, your biggest

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

expense is likely to be payroll. Either way, making sure that your suppliers and employees

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

re paid on time is critical. The solution to these challenges is to obtain an infusion of w

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

Combination pro

rking capital, and that is where trade finance can help you. Trade financing helps ensure t

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

hat you always have the funds to pay employees and suppliers - and thus - have the resource

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

to grow your company.

Do you have clients that take 30 or more days to pay their invoices

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

Or, if you are a distributor, do you have clients that have placed large orders, depleting

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

your capital resources? There are two trade finance tools that can help you in these insta

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

ces. The first tool is called factoring financing. The second one is called purchase order

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

Following aspects would a

inancing.

Factoring Financing Factoring is an ideal financing tool for

dd to the challenges in developing combination products:

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

companies that can't afford to wait up to 60 days to get paid by clients. A factoring compa

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

y can provide you with an advance of up to 85% on your slow paying receivables, providing y

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

u with working capital to pay employees and business expenses. Factoring is quick and can 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

rovide you with a payment within a day or so after invoicing.

Purchase Order Finan

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

Professional from academic institutions, pharmaceutical industries, health care indust

ing PO financing is ideal for companies that resell goods to government or comme

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

cial clients. It can provide you with financing you need to deliver on your large orders. P

.

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

urchase order funding works by providing you with funds to pay suppliers, enabling you to c

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

Companies that provide selfless information through particip

ose more and larger sales. The transaction is settled once your customer pays for the goods

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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Subjects - Trade Financing - How Trade Finance Can Help Your Company Grow

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