The Current Time Frame for Developing a New Drug and Clearing

question 150

Multiple Choice

The current time frame for developing a new drug and clearing all the FDA hurdles to market it is about:

• A) 5 to 10 years
• B) 12 to 15 years
• C) 15 to 20 years
• D) 1 to 5 years
• E) 30 years

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Definitions:

Mom And Pop

Small, independent, often family-owned businesses that operate on a local level, offering personalized services.

Chain Restaurants

Chain restaurants are a series of restaurants owned by the same company or individual, offering a standardized menu across different locations.

Competitive Advantage

The attributes or conditions that allow a company to produce a good or service at a lower price or in a more desirable fashion for customers than its competitors.

Communist Central Planners

Officials or authorities in a communist country responsible for determining the production, distribution, and allocation of goods and services.