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Main Subject - Invoice Discounting For Canadian Companies
Do you own a small or medium sized business? Then you know that obtaining business financing in Canada h
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
as not been an easy task. Until very recently, the Canadian business financing scene was dominated by ba
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
nks and large institutions. They were always willing to provide business loans and credit to large busin
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
esses. But what about small and medium sized business owners, who could not easily qualify for a busines
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
loan?
Until recently, you were out of luck. But this is changing, now factoring companies have been se
Until recently, you were out of luck. But this is changing, now factoring companies have been se
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
tting up shop in Canada, offering their business financing and invoice discounting services to small and
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
medium sized business owners across the country.
Do any of these sound familiar?
1. You do business w
Do any of these sound familiar?
1. You do business w
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
ith large commercial clients. They pay slowly and that is hurting you
2. You need money to pay sala
2. You need money to pay sala
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ies and suppliers
3. You are turning large orders away because your funds are tied up in slow payin
3. You are turning large orders away because your funds are tied up in slow payin
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
g invoices
Although these problems appear different, they have a common root. You have slow paying
Although these problems appear different, they have a common root. You have slow paying
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
clients and they are affecting your business. The solution to this problem is to accelerate client payme
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
nts using invoice discounting (also known as invoice factoring). Invoice discounting allows you to break
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
the 45 day payment cycle and reduce it to 2 days. And it works without affecting your clients at all.
T
T
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
he invoice discounting premise is very simple. You sell your invoices from good (but slow paying) client
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
s to a factoring company. The factoring company takes a small discount and advances you a substantial po
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
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
rtion of what is owed to you.
Invoice discounting gives you the funds you need to run your company, whi
Invoice discounting gives you the funds you need to run your company, whi
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
e the factoring company waits to get paid by your client. This provides you with the necessary funds to
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
run and grow your business and eliminates the headaches and uncertainties of waiting for payment. And as
.
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
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
opposed to banking loans, invoice discounting is very easy and quick to obtain.
If slow paying clients
If slow paying clients
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
are holding your business growth back, then invoice discounting is the solution that will help you grow
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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