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tilak replied to the topic Expense of Regulations in the forum Risk Analysis for Medical Devices 7 years, 4 months ago
Strict regulations allow for enforcement agencies such as the FDA to filter out companies that are dedicated in meeting regulatory standards along with creating an effective product. Purchasing these standards shows how committed companies are in advancing their agenda. It also helps companies to maintain their safety standards throughout all their products. In the end this can prevent any major lawsuits. I do agree that for smaller companies, purchasing such material may be too expensive. It could be ideal to create a way to rent this material for companies that are under a certain net value.