The importance of a Regulatory Strategy
Good regulatory strategies align with business goals. These are focused on global distribution. It also aids in the identification of any potential obstacles, as well as providing answers or alternative ways to new product development. A regulatory strategy's main objective is to identify ways to market and sell healthcare products.
The government's desire to protect public health by regulating the safety and efficacy of products in sectors such as pharmaceuticals, veterinary medications, medical devices, pesticides, agrochemicals, cosmetics, and complementary medicines, as well as the desire of companies responsible for the discovery, testing, manufacture, and marketing of these products to ensure that they supply products that are safe and profitable gave rise to Regulatory Affairs.