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  • kak33 replied to the topic Contract Laws in the forum Consultants and Legal Basics 7 years, 4 months ago

    I work for a medical device company that manufactures blood analyzers. From my understanding of contract agreements, I believe my company would have to have contracts with Singapore as they are the main manufacturing location for one of our products. We used to manufacture the product on site, however with demand growth and sales increases, we had to scale up production. From what I understand, the decision was made to manufacture overseas because of cost and the fact that other divisions also already used this manufacturing site.

    For medical device startups, I believe many companies are going overseas because it takes too long to get approved by the FDA. It is assumed that the FDA is tightening up on their regulatory activities as there have been many recalls of some unsafe medical devices. However, there is concern that Americans are being deprived of the latest technology because companies routinely seek approval for new devices in Europe first.