In order to produce new drugs, a complex multi-step process that involves the “discovery” and “development” of a drug compound must take place.
From beginning to end, this process can take up to 15 years and is estimated to cost, on average, $1.3 to 2.5 billion. In some circumstances, the development and approval process can be expedited – for example, in response to global health crises (e.g., COVID-19).
Download this infographic to explore the stages of drug development including:
- Drug discovery
- Clinical trials