LIFE SCIENCE

Detailed explanation-1: -Analyses across all therapeutic areas indicate that the development of a new medicine, from target identification through approval for marketing, takes over 12 years and often much longer.

Detailed explanation-2: -There is no typical length of time it takes for a drug to be tested and approved. It might take 10 to 15 years or more to complete all 3 phases of clinical trials before the licensing stage. But this time span varies a lot. There are many factors that affect how long it takes for a drug to be licensed.

Detailed explanation-3: -Drugs go through a rigorous process to ensure they’re effective and not harmful. As a result, only a small percentage of drugs that start the research process are actually approved for use. This is a major reason it costs so much and takes so long to bring a drug to market.

Detailed explanation-4: -On average, it takes 10.5 years for a Phase I program to progress to regulatory approval.

Detailed explanation-5: -The Drug Discovery process is a very long process that can take up to 13 years. The Early Drug Discovery process typically starts by screening for potentially active compounds.