Using the Crystal Ball: What Does the Future Hold for Life Science Compliance?
Recently, as part of the course Legal Compliance Essentials for Drug, Device and Biotech Companies, Mitchell Hamline Law School, students were asked to write about what they saw as the important emerging issues for life sciences and what compliance professionals will need to do to adapt. Here is the second in the two-part series.
Although adapting to changes in regulatory environment and technology has always been a necessary skill of successful life science compliance officers, few would argue that there has been a more challenging and uncertain environment faced by these professionals as 2017 begins. From rapidly changing communications technology to the uncertain future of the Affordable Care Act, to the unpredictable nature of a Donald J. Trump presidency, several factors will impact the life sciences industry in 2017 and beyond, and sound strategies will be necessary to mitigate the risk to companies in the industry. The following discussion specifically highlights how social media platforms and cyber security pose a significant risk.