The Biotechnology
Industry
An evolving industry presents substantial potential along with
rigorous compliance standards
The Agricultural Biotechnology industry is expanding at an
exciting and brisk pace—and for very good reasons. Like
no other industry today, biotechnology offers the market potential
for highly attractive products that have economical and well
as environmental benefits. Biotechnology is poised to reduce
the use of pesticides; lessen our dependence on the petrochemical
industry through plant–based plastics and films; increase
revenue for farmers through crop-derived inks, lubricants,
and synthetics; and improve the nutritional qualities of food.
At the same time, this flourishing industry is also evolving.
As biotechnology companies prepare to bring their products
to market, they must first deal with a number of issues related
to the complexities of regulatory compliance. Naturally associated
with genetically modified plants and animals are concerns
that plant and animal ecosystems could become disrupted, that
through unintended gene flow other plant species might become
contaminated or that resistance by crop pests to GMO traits
could accelerate.
Although multifaceted and demanding, regulatory compliance
policies are also designed to help companies avoid the potential
of financial risks and liabilities. When buying, growing or
transporting genetically engineered products, biotechnology
companies face basic economic problems and potential public
relations difficulties. Just a few of these possible problems
include adverse consumer reactions to GMO food sources, errors
resulting in midstream storage, inadvertent flaws in processing
systems and mistakes made with improper shipment methods.
To succeed in the biotechnology industry, companies must
develop a sophisticated strategy that allows them to integrate
strict compliance policies into their handling systems. Before
commercialization, genetically engineered plants and organisms
must conform to standards set by state and federal marketing
statues such as State seed certification laws; the Federal
Food, Drug, and Cosmetic Act (FFDCA); or the Toxic Substances
Control Act (TSCA). Furthermore, because products are regulated
according to their intended use, it is critical that biotechnology
companies become familiar with the agencies primarily responsible
for regulating the biotechnology industry, agencies such as
the U.S Department of Agriculture (USDA), the Environmental
Protection Agency (EPA) and the Food and Drug Administration
(FDA).
With some products being regulated under more than one agency,
it is equally important for biotechnology companies to become
familiar with pertinent compliance policies. For instance,
within the USDA some regulations require a permit or notification
prior to introducing a regulated product into the environment.
Also, the EPA, which works to ensure the safety of chemical
and biological pesticides, regulates the distribution, sale,
use and testing of plants and microbes that generate pesticidal
substances. And, the FDA bases its regulatory work on existing
food law, requiring that genetically engineered foods meet
the same meticulous safety standards required of all other
foods.
In the dynamic yet ever changing world of biotechnology,
companies must work strategically to incorporate the appropriate
purchasing, handling, processing, storage and shipment of
GMO products. Understanding the challenges, developing sound
relationships with the regulatory agencies, and learning the
relevant policies associated with a particular application
will substantially help biotechnology companies capitalize
on this explosive market.
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