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Understanding drug development timelines is essential in Pharma and Biotech Industry Management. This process includes preclinical research, clinical trials, and regulatory approvals, all aimed at ensuring new drugs are safe and effective before reaching the market. Each phase plays a critical role.
Preclinical research phase
Investigational New Drug (IND) application
Phase I clinical trials
Phase II clinical trials
Phase III clinical trials
New Drug Application (NDA) submission
FDA review process
Post-marketing surveillance (Phase IV)
Patent life and exclusivity periods
Time from discovery to market launch