Regulation has an important impact on the kinds of product that are developed by an industry sector is a statement of the obvious. Regulation is designed to ensure that products are safe, effective and of high quality.
However, the impacts of regulation are also more far-reaching, determining overall company strategies, which types of company succeed, and ultimately the structure and dynamism of the sector as a whole.
http://www.genomicsnetwork.ac.uk/media/AGLS2%20-%20The%20Case%20for%20Smart%20Regulation.pdf
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