Factors regulating the drug development process

There are numerous Pharmacy companies across the world that manufacture numerous drugs, these drugs are common in composition and the companies manufacture same composition drug and sell in the market with different names. Along with the pre-existing drugs these pharmacy companies need to develop new drugs so as to compete with the ongoing demand in the industry. This gives the necessity of creating and discovering a new drug and make the company exist. New drug development is the most important factor that makes that industry survive for a long term. Billions of dollars are spent every year for the new drug development process.

Very important factor that regulates the development a new drug is its success rate because initially it involves testing of around thousands of compound that gives the desired results. Out of those thousands only 30 compounds are selected that could probably show promising results, rest of the drugs are discarded. Out of those 30 only 3 gets pass through the clinical tests and out of those 3 only one is launched in the market. This shows that only one compound out of thousands is useful while the drug development process takes place.

Time is an important factor that has to be considered while developing a new drug because it’s not a work of a day, a month or a year. It’s a very slow process that requires patience. At every stage of it development the respective regulatory agencies of various countries scrutinize the procedure and if the particular compound fails to pass it is discarded then and there.

Financially a single drug development does not involve only time but billions of dollars as well. This is an ever increasing cost and increasing day by day. The probable reason of so much investment is the discarding the compounds after their clinical verification if they do not follow certain regulations.

Here were some important factors that regulate the drug development process.