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Immediate GMP Compliance for Dietary Supplements - What is the price of Compliance?
The FDA calculated the cost of Good Manufacturing Practices (GMP) when they 1st drafted the Dietary Supplement Health and Education Act (DSHEA). Dietary product GMP regulations, exipure reviews from customers 2021 [www.auburn-reporter.com] located in the Federal Register, encompass everything estimated expenses, concerning compliance, that a business will incur based on small business size. The FDA believed that altogether nutritional supplement manufacturers would spend 56,000 hours as an one time burden of creation of written procedures. Additionally, 930,000 hours was estimated as the sum total for those business enterprises to carry out sufficient record keeping. The FDA then used the data to calculate the economic impact for a variety of sized companies.
Cost per Establishment by Size
Small Establishments (Less than 20 employees with annual revenue under $1M)
Little Establishments
Set up Costs = $26,000
Annual Costs = $46,000
Medium Establishments (20 - 500 personnel with annual earnings of $5M - $10M)
Medium Establishments
Set up Costs = $20,000
Yearly Costs = $184,000
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