What are the key regulations governing biotechnology globally?
Key regulations include the Cartagena Protocol on Biosafety, the OECD Guidelines for the Testing of Chemicals, and various national laws.
How do these regulations vary between countries?
Regulations can vary significantly; for example, the EU has strict GMO regulations, while the US has a more lenient approach.
What impact do these regulations have on biotech innovation?
They can either promote innovation by ensuring safety or hinder it by creating barriers to market entry.
Are there any recent changes in biotech regulations?
Yes, many countries are updating their regulations to address new technologies like CRISPR and gene editing.
How can companies stay compliant with these regulations?
Companies should regularly consult legal experts, stay updated on regulatory changes, and implement robust compliance programs.
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