1. Discovery and research
2. Development
3. Licensing: regulatory review and approval
4. Commercialization
The first stage in pharmaceutical product development is discovery and research, which entails having a knowledge of the actual disease the product is supposed to focus on. To be able to create a pharmaceutical product, one must be in a position to truly understand the way in which biological processes and the specific illness function with the intention to reveal how potential targets can be countered by the pharmaceutical product. This is essential for the analysis, mitigation, cure, treatment, and prevention of a disease or condition.
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