That's an interesting idea to consider (if I understand you correctly in that you are stating that there should be a central research authority that regulates what companies are allowed to do). Though, I wonder if it's still better to sue for damages after the fact and create regulations to cover the oversight. There's also the issue of data — you can't exactly study an issue before it exists. If you are instead inferring that a company should conduct this sort of safety research themselves, it creates a sort of prisoner's dilemma: companies wouldn't be to keen on sharing their research with others, and if they are forced to, a company wouldn't want to be the one to waste the money on it for others to profit off of.

I'd also like to note that this sort of regulation has no business being the decision of a single country, but, instead, it should be the decision of a global government, as it is an issue that affects the whole planet. How such a global government should be structured, though, I am not yet certain. The UN doesn't exactly cut it.