It Costs About $25 Million and Takes an Average of 3

question 24

True/False

It costs about $25 million and takes an average of 3 years to develop one new drug and clear all FDA rules before marketing the product.

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Definitions:

Interdependent Parts

Components of a system that rely on each other for their function and stability, illustrating the connectedness within a system.

Claude Henri Saint-Simon

A French social theorist and one of the chief founders of Christian socialism, advocating for a society led by intellectuals and industrialists to improve conditions for the poor.

The Middle-Ages

A period in European history from the fall of the Roman Empire in the West (5th century) to the start of the Renaissance (14th-15th century).

George Simmel

A German sociologist and philosopher known for his analyses of modern urban life, social structures, and the philosophy of money.