Drug Discovery
Drug discovery is a process where new drug targets are identified and novel drug-like small molecules or biological therapeutic agents are discovered. The process contains several phases which include:
Target discovery and validation
Drug Development
Once a selected candidate drug, or a ‘clinical lead’, has been discovered, it will go through a development process governed by regulatory and safety requirements before the product can enter the market. The drug development process is comprised of two main partly overlapping phases, preclinical and clinical development.