New Medicine
Not what you're looking for?
Please assist me with some research questions.
What does it take to bring a new medication to the market?
Should pharmaceutical companies have patents on their drugs? Why or why not?
How can pharmaceutical companies recoup the costs associated with failed drugs?
Explain examples of successful and unsuccessful pharmaceutical medications.
What happened with the unsuccessful ones?
Why were the successful ones successful?
Purchase this Solution
Solution Summary
The answer to this problem provides answers to issues of new medicine . The references related to the answer are also included.
Solution Preview
In compliance with BraiinMass rules this is not a hand in ready assignment but is only guidance.
To bring a new drug to the market, first preclinical testing is carried out. In this stage laboratory and animal studies are done to show biological activity and establish safety. After this stage, "investigational new drug application" is filed with the FDA and the drug is tested in people. Next Phase I Clinical trials are conducted in which the drug is tested on healthy volunteers. Phase II Clinical trials are conducted on patients for which the drug is to be used. Phase III Clinical Trials are large randomized trials which are given to the FDA to get approval of the drug. Next, the new drug application with all data from studies is filed with the FDA. Finally, Phase IV studies are conducted after marketing the drug from patients who are taking the drug.
Pharmaceutical companies ...
Education
- BSc , University of Calcutta
- MBA, Eastern Institute for Integrated Learning in Management
Recent Feedback
- "I read your comments, and thank you for this feedback. Do I need to find other studies that applied this methodology Ive used? That's where I'm stuck at."
- "Thank you kindly sir. "
- "Excellent and well explained. --Thank you kindly. "
- "Awesome notes. I appreciate you."
- "I have the follow-up project and I will assign that to you very soon. "
Purchase this Solution
Free BrainMass Quizzes
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
Introduction to Finance
This quiz test introductory finance topics.
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.
Organizational Behavior (OB)
The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.