Activity

  • msc52njit-edu replied to the topic Expense of Regulations in the forum Risk Analysis for Medical Devices 6 years, 9 months ago

    I think that these regulations cost money because they provide a platform that companies can use, where if they follow these guidelines, they will be recognized as a company who abides by these set out standards and who provides safe and exceptional products. For start up companies I think they should pay to use these regulations because it helps them learn about how to safely make products, it will teach them certain regulations, procedures and test standards that they may not have known, and it ensures buyers that even though they are a new company they follow the same procedures and guidelines as the larger companies. I think the only way to decrease the expense is to decrease the cost of the regulation standards documents. In order for everyone to be compliant they must all follow the same standards and regulations, and that is only done through everyone receiving these same set of regulations. The regulations can not be free because people must work to create and enforce these regulations, keeping them constantly updated and relevant to the changing environment.