How Long Is the Typical Process of Drug Development from Discovery

question 54

Multiple Choice

How long is the typical process of drug development from discovery to FDA approval?

• A) less than 10 years
• B) more than 10 years
• C) less than 20 years
• D) more than 20 years

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Definitions:

Craft Unions

Labor unions representing workers with specific skills or crafts, often in the same or related industries.

Nominal Wages

Wages that are paid to workers in current dollars, without adjustment for inflation.

Price Level

A measure of the average of current prices across the entire spectrum of goods and services produced in the economy.

Real Wages

Wages adjusted for inflation, representing the purchasing power of the income received by workers for their labor.