The pharmaceutical industry is characterized by the high profits and high risks associated with bring ing new drug compounds to market For every 1000 new drug compounds identified by companies only 30 show promising results Only three of these compounds get past Phase 1 FDA tests and only one gets past Phase II and III and makes it to the market Some products that make it to the market turn out to be commercial failures even though they are successful in treating a condition or a disease On aver

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Pharmaceutical firms are engaged in the discovery m... View the full answer