Spring Intro 2023

03/03/2023

Drug development costs

$1100 M

$2600 M

$500 M

$125 M

$54M

1977

2007

2019

1987

1997

5

Drug discovery and development process

File Patent

Years

5

14 15

0

6 7

9

12 13

DISCOVERY

Candidate Nomination

TOX

Idea

I

II

PK & Safety

III

Initial Efficacy

Full Development Comparative Agents

Filing

Approval Process

Registration (Approval)

Nonclinical

Clinical

6

3