The Unseen Cost: Why Medical Device Companies Can’t Ignore Regulatory Budgeting (Health & Beauty - Fitness)

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Item ID 2480711 in Category: Health & Beauty - Fitness

The Unseen Cost: Why Medical Device Companies Can’t Ignore Regulatory Budgeting


In my discussions with various companies, a recurring theme is the reactive nature of budgeting for regulatory expenses. The process typically begins with an internal acknowledgment that “something” needs to be done – whether it’s hiring a regulatory consultant or conducting product testing. This realisation triggers a search for service providers, usually involving requests for multiple quotes to ensure competitive pricing. However, this approach often leads to delays, as the responsibility for approving these expenditures usually falls on the shoulders of finance directors or controllers who may not have a deep understanding of the regulatory landscape.

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Target State: All States
Target City : New York City
Last Update : 10 September 2024 5:36 PM
Number of Views: 43
Item  Owner  : medhealthinsight
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2024-12-23 (0.224 sec)