Delivering a new pharmaceutical to the market is a very time-consuming and expensive process that begins with discovery. Thousands of potential new chemical entities are researched, tested, and ultimately rejected before one single candidate out of every 5,000 is approved for distribution.
Upon completion of this exercise, you will be able to:
- Define the steps used in the drug development process
- Explain the development time frame involved in taking a drug from creation to market
- Discuss the differences between each step in the drug development process
- Understand the cost and research involved in developing a new drug