Add validation for dependencies in setup.py

[sgnn7]

Is your feature request related to a problem? Please describe.

Given a recent bug report, we do not have robust enough validation of dependencies in setup.py which needs to be addressed.

Describe the solution you would like

AC:

• [ ] Either we add a test for these dependencies in some way
• [ ] Or we ensure that the dependencies from requirements.txt are used in both places

Describe alternatives you have considered

N/A

Additional context

N/A