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Looking to free up cash that is tied up in unpaid invoices? If so, then you have come to the right place. Factor rec

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

eivables or factoring receivables is nothing but obtaining a free cash flow. This is the best and most effective way

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

Examples of combination products may in

to resolve short term financial crunches.

Whenever you sell goods and products to anyone on credit, you issue an i

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

nvoice. When an emergency strikes, however, you may need urgent cash. In this situation, you can sell those open inv

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

oices to an invoice factoring company for cash. This whole process is known as factor receivables. Factor receivable

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

Combination pro

s are the best way to overcome any financial problem.

Factor receivables generally happen when you sell goods or se

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

rvices to commercial or government accounts. In this transaction, you offer 30 to 60 days to your clients to pay the

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

ir balance. This can be a financial challenge, but there is a solution. It’s not your local bank- it is factor recei

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

vables. There are several benefits to factor receivables: Your invoices are paid within 24 hours. This means no mor

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

e waiting for payments. Factor receivables are easy to obtain. It takes just a couple of days to set up an account

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

.

Factor receivables depend primarily on the reliability of your customers- if the reliability is there, it is easy

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

Following aspects would a

to obtain factor invoices. Furthermore, factor receivables easily integrate into your company, as follows: You del

dd to the challenges in developing combination products:

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

iver goods or services and invoices to your clients. Simply send the invoice to the factor receivables company, who

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

pays you the advance for your invoice as a first installment You can use the funds received to pay business expens

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

es, while the factor receivables company waits to get paid by your client Once the factoring company gets paid, it

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

rebates the remaining 15% as a second installment, minus a small service fee.

Factor receivables are one of the bes

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

Professional from academic institutions, pharmaceutical industries, health care indust

t alternatives for startup companies or established companies that have exhausted their bank resources. It is a flex

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

ible option and its biggest benefit is that contrary to what many believe, it is not a loan. This is not true; you a

.

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

re simply using your open invoices as an asset.

For more information on factor receivables, factoring receivables,

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

Companies that provide selfless information through particip

factor receivable and factoring invoices please visit www.magfinancial.com.

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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