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Owning a trucking company or logistics company (freight brokerage) can be very profitable. At the same

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

time, transportation companies tend to be cash hungry. There are fuel expenses, employee expenses, op

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

Examples of combination products may in

rator expenses, repair expenses and many other expenses that need to be paid quickly. However, most cu

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

tomers don’t offer quick-pays and usually pay their freight bills in 30 to 60 days.

This creates a ma

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

or challenge. Why? You have expenses that need to be paid quickly and customers that want to pay slowl

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

Combination pro

. Unless your company has some available funds, you will most likely run into problems.

Many company

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

owners try to address this cash gap by trying to get business financing from their bank. However, they

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

soon learn that banks seldom provide business loans to small transportation companies. Unfortunately,

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

business loan is not an option for most logistics and transportation companies. So, what is?

In many

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

cases, trucking companies have an option that is better that a business loan. It is called invoice fac

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

oring. Factoring can provide logistics companies with the financing they need to meet their current ex

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

Following aspects would a

penses and grow. And, as opposed to bank financing, factoring is easy to obtain and can be setup in ab

dd to the challenges in developing combination products:

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

ut a week. So what is factoring? Factoring provides companies with an advance on your slow paying frei

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

ht bills. This enables them to meet expenses while waiting to get paid by customers. It works as follo

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

s:

1. You company delivers the load and invoices the customer 2. The factoring company provides you a

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

d advance of up to 90% of your freight bill 3. You can use the advance to meet all expenses 4. Once yo

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

Professional from academic institutions, pharmaceutical industries, health care indust

ur customer pays, you’ll get the remaining 10% less a small factoring fee

The cost of factoring can b

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

anywhere between 1.5% to 3% per month. The cost is determined by your industry, the quality of your c

.

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

stomers (who pay the freight bills) and the amount of financing you require. Freight bill factoring is

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

Companies that provide selfless information through particip

a great solution for logistics and trucking companies and can help grow your 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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Commercial property, industrial units and offices are becoming more and more valuable to their owners. Whether bought to use by the owner or bought to let to other businesses, the value of these units and offices have huge potential for long term capital gain.

The business people in smart clothing sit around a small table and sip their coffee chatting about everything from the latest mergers to their son's little league game. Even though these people are enjoying themselves, they aren't here to waste away their time in idle chat. Like true entrepreneurs they are here to further their businesses agendas. With each sip of coffee they get to know each other better and are able to make those special connections that result in either a sale or in a new friendship.

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