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What is Pharmaceutical Industry Overview and Trends about?

The pharmaceutical industry faces challenges such as patent expirations resulting in loss of sales, safety issues eroding public trust, and pricing pressures. The drug approval process in the US is long, typically taking 10-15 years and $800 million to $1 billion to bring a new drug to market. Drugs undergo pre-clinical and three phases of clinical testing with the FDA reviewing and deciding whether to approve new drugs. The aging population and diseases like arthritis and cancer represent growth opportunit

Author

syed

Language

EN