Advice You - Finance

Here is our top 10 list as to why you should consider factoring as your funding solution:

1. CASH IN AS LITTLE AS 24 HOURS
Factoring provide

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

s you with the ability to meet your CASH FLOW NEEDS IMMEDIATELY!

2. NO DEBT CREATED
Loans require collateral limited by your hard assets. Fa

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

Examples of combination products may in

ctoring is NOT a loan, so there is no debt to repay. A factoring company purchases your invoices at a discount. This enhances the financial ratio

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

s often used to determine your credit worthiness in obtaining other types of financing. Your balance sheet is more attractive and your financial

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

position is strengthened.

3. HIGH ADVANCE RATE
Our participating factors provide Higher Advance Rates which means you factor fewer invoices

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

Combination pro

to meet your cash flow needs, which also means YOU WILL SAVE MONEY!

4. NO FINANCIAL STATEMENTS REQUIRED
In many cases, no business or person

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

al financial statements or tax returns requested. Clean personal credit is not required.

5. PROFESSIONAL COLLECTIONS
Factors handle collecti

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

ons in a professional manner. Factors are not collection agencies. They understand the importance of business relationships and treat each debtor

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

as though it is your best customer. Factoring companies SPEED the collection of invoices and reduce your collection cost. You can eliminate the ov

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

erhead cost associated with having someone internally handling collections.

6. INVOICE PROCESSING
You can greatly reduce your cost of proces

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

sing invoices because factors handle much of the work.

7. ENHANCE YOUR CREDIT
Once you begin factoring, the increased cash flow will provide

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

Following aspects would a

the liquidity to pay your venders on time. Making timely payments to vendors positively affects your credit rating and allows you to obtain cred

dd to the challenges in developing combination products:

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

it from other vendors and financial institutions.

8. INCREASED PRODUCTIVITY
Business owners often spend more than half of their time on duti

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

es they do not find productive, such as collections, administration, bookkeeping, warding off creditors and searching for additional capital. Fac

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

toring helps eliminate this wasted time.

9. REDUCE ACCOUNTING COST
You will receive information regarding outstanding and paid accounts on a d

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

aily, weekly, and monthly basis.

10. NO LOSS OF BUSINESS EQUITY
Ownership percentages remain unchanged with a factoring arrangement (unlike

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

Professional from academic institutions, pharmaceutical industries, health care indust

considering bringing in new partners with capital).

More benefits of factoring:

Meet seasonal demand
Improve creditworthiness
Regulate

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

cashflow
Take early pay discounts
Meet payroll
Cash available - on demand
Your credit line grows with your business
No other

.

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

collateral needed
No tax returns, audits or financials needed
No debt created
Minimal paperwork
Invoices are paid faster
Fo

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

Companies that provide selfless information through particip

cus on business growth
Credit screening
No geographical limits
Detailed management reports
Volume discounts
Credit monitorin

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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