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Factor
(redirected from factor VIII)

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
Factor
A financial institution that buys a firm's accounts receivable and collects the accounts.

factor
A firm that purchases accounts receivable from another firm at a discount. The purchasing firm then attempts to collect the receivables.

factor
To sell accounts receivable to another party at a discount from face value. Thus, a firm in need of cash to pay down short-term debt may decide to factor its accounts receivable to another firm.

Factor
A third party that buys a firm's accounts receivable. If a firm is not confident in its ability to collect on its credit sales, it may sell the right to receive payment to the factor at a discount. The factor then assumes the credit risk associated with the accounts receivable. This provides the firm immediate access to working capital, which is important, especially if the firm has a cash flow problem. The price of factoring is determined by the creditworthiness of the firm's customer, not of the firm itself. It is also known as accounts receivable financing.


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One of the company's manufacturing plants in Thousand Oaks also received Food and Drug Administration approval to produce Factor VIII, Baxter's flagship hemophilia product.
Periodic blood tests over the next year revealed that all three patients in the high-dose group and one in the low-dose group sometimes had factor VIII concentrations that the researchers interpreted as higher than those shown at the start of the study.
There, Hyland Immuno makes its recombinant Factor VIII, a genetically engineered drug that treats people with the most common from of hemophilias and is one of the company's best sellers, generating $500 million in sales last year.
 
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