The Future of Drug Development and the Pharmaceutical Industry


Several unusual characteristics of the pharmaceutical industry, both in terms of its organisational structure and the nature of its business operations, are little known outside the industry but have a significant impact on the process of bringing new pharmaceuticals to the market and bringing them to the patient. The development of a new pharmaceutical takes a long time, is extremely expensive, and involves a high level of risk, with only a slim chance of success. The process of research and development is described, as well as all of the challenges it faces, including those related to the environment.

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