Farmavita.Net is the established European network for licensing of pharmaceutical products. Currently there is few thousand registered members e.g several hundred pharmaceutical companies which are using our network for out-licensing and in-licensing of pharmaceutical products.
Finding of contract manufacturing or licensing clients in Europe is not an easy job. It usually takes many business proposals and several months of negotiations before one contract is closed. However, good is that the most of the contracts are valid for 5 or more years.
Farmavita.Net offer you service of "Rent-a-Business-Development-Manager" for European support related to business development or licensing. This Business Development Manager (BDM) is dedicated exclusively to promotion and sales of your portfolio of products. It is full time employee, dedicated exclusively to sponsor company. This person will have complete promotional support by Farmavita.Net and access to huge established business relationships network. For this service there is monthly service fee plus 3% success fee related actual contracted sales. Inside this monthly fee is covered salary of BDM, office, car, traveling expenses, IT infrastructure, QA system, accounting, recruiting and redundancy cost, as well as other similar overhead costs.
Moreover. Farmavita is having affiliate company managing network of regulatory affairs consultants across the Europe. BDM will have access to free regulatory advice. Actual regulatory work related to marketing authorization transfers should be contracted with affiliate company and paid additionally. However, this cost is usually paid by licensee.
Usual way of entering of European market is related to establishment of fully equipped subsidiary in EU and always related to very high start up costs. Rent-a-Business-Development-Manager is innovative service tailored to needs of foreign companies looking to access European market with minimum of front end investments and efforts.