Drug
development process is a very complex, time consuming and an
expensive activity, which requires a broad array of expertise. The
medical expertise plays a major role in evaluating the safety and
efficacy of the drugs during pre-clinical and clinical phases. The
present drug development process has evolved over the decades of
efforts from the experts. To improve the quality of life by
innovating new drugs, the experts are working hard approximately
for 8 to 12 years with an approximate expenditure of U.S. $600
million to U.S. $900
million.
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