The life science industry is a highly regulated industry that involves the development, manufacturing, and distribution of drugs, medical devices, and diagnostic tools. Ignoring issues in this industry can lead to serious consequences, including legal and financial penalties, damage to reputation, and most importantly, harm to patients.
Regulatory agencies such as the FDA and EMA impose strict regulations to ensure that products are safe and effective. Failure to comply with these regulations can result in fines, criminal charges and product recalls.
