Review:
Drug Approval Process
overall review score: 4.2
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score is between 0 and 5
The drug approval process is the process by which pharmaceutical companies seek regulatory approval from governmental agencies to bring a new drug to market.
Key Features
- Clinical trials
- Regulatory submissions
- Drug safety monitoring
- Labeling review
Pros
- Ensures new drugs are safe and effective before being marketed to the public
- Helps protect consumers from harmful or ineffective medications
- Provides a standardized process for evaluating new drugs
Cons
- Can be time-consuming and expensive, leading to delays in getting potentially life-saving treatments to patients
- Regulatory agencies may have differing requirements, leading to inconsistencies in the approval process