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anhtong replied to the topic Expense of Regulations in the forum Risk Analysis for Medical Devices 7 years, 5 months ago
This is a pretty good topic for discussion, sdl3. You see, these regulations are developed by other companies to help others be compliant. They are basically doing a service to others companies by ensuring that they remain compliant. This is a point that has been brought forth by Katlin and jnm22. The companies that develop these regulations spend a lot of time and resources in them, so they would want to recover their costs and make some profits. The penalties that come with non-compliance are heavy, and this is why companies, including start-ups, have no other option than to view and use regulations. They would better pay for these regulations and remain compliant than be penalized heavily for non-compliance. However, I believe that these prices should not be too exorbitant. I, therefore, support cef3’s idea that companies should be granted access to such regulations through subscriptions that they would pay for regularly.