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Do you feel that your trucking company is heading straight for a cliff? Do you feel that your truckin

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

g company is stuck in neutral? Or worse, do you have lots of slow paying freight bills and not a lot of cash

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

Examples of combination products may in

in your business bank account?

Having slow paying clients is one of the worst problems that you can have. E

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

pecially when you own a cash hungry trucking company that needs money to pay for drivers, repairs, fuel and

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

quipment. The biggest cash flow issue comes from your slow paying customers that can take up to 60 days to p

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

Combination pro

ay your freight bills.

If you are like most owners, your first reaction is to try and get a loan. Ho

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

ever, a loan will only cure the temporary problem. What will happen in four months when the loan money has r

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

n out? You will be left exactly where you are standing now. Back to square one.

A better solution would be

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

o eliminate the slow payments all together. Note that I did not say that we should eliminate the slow paying

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

clients…..just the payments. What do you think you could do if all your freight bills were paid in two days

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

instead of 30 or 60?

There is a solution that can help you accomplish that. Is called freight bill facto

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

Following aspects would a

ing and is one of the best financing tools for transportation companies. It eliminates the guesswork of

dd to the challenges in developing combination products:

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

aving slow paying clients. Freight factoring provides you with immediate funding from the moment that you ge

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

nerate invoices from approved clients.

Factoring provides you with the necessary funding to meet you

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

expenses. But more importantly, it provides you with the necessary funding to capture new opportunities and

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

new contracts so that you can haul more loads and grow your company. With factoring, you no longer need to t

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

Professional from academic institutions, pharmaceutical industries, health care indust

rn away opportunities just because they may be slow payers.

Qualifying for factoring is usually easy. The m

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

ain requirement is to have freight bills from good credit worthy clients. Things such as financial statement

.

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

or personal credit reports are seldom required, making the application process fast, easy and very user fri

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

Companies that provide selfless information through particip

ndly.

Factoring is a cost effective solution that can help you drive your freight company to the next level

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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Don't make yourself nuts! Set reasonable financial goals for your business. It doesn't have to be complicated.

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