Theoretically, the process of drug development is a compact five-step process. However, in reality, it takes an average of 12 years, costing companies more than a billion dollars for a drug to travel from the laboratory to a pharmacy. This long, complex, and expensive journey is challenging but it offers an opportunity to bring in an impactful change. This is why more and more pharmaceutical companies are exploring advanced technologies such as artificial intelligence, machine learning, big data and cloud computing to streamline the process of drug discovery to drastically reduce both time and costs. Drug discovery and development is the first step of the five-step process for drug development established by the FDA.
Oct-11-2018, 00:03:52 GMT