The Products Liability Dilemma for Pharmaceutical and Medical Device CEOs

Failure to comply with government regulations, and inactivity if a company falls out of compliance, can lead to serious product liability issues in the long term. Unfortunately, CEOs often do not consider the potential cost of product liability enforcement when they evaluate whether or not to act.

7 minute read October 29, 2010 at 12:01 AM
By
Alan Minsk And Diana Rusk Cohen
The Products Liability Dilemma for Pharmaceutical and Medical Device CEOs

The CEO of a large pharmaceutical company receives an internal report that several manufacturing plants do not meet Current Good Manufacturing Practices (CGMP). Another CEO is aware that the sales team may be promoting the company's product for unapproved, “off-label” uses.

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