G20 Global Pharma Summit Series-Australia

Healthcare systems constantly need new pharmaceuticals to treat unmet medical needs in a variety of therapeutic areas, and pharmaceutical industries primarily work to bring new drugs to market through the challenging processes of drug research and development. The process of discovery includes several steps, including the selection of the target and its validation, the identification of hits, the generation and optimization of leads, and the identification of a candidate for further development. Contrarily, development entails improving chemical synthesis and formulation, doing animal toxicology studies, conducting clinical trials, and ultimately receiving regulatory permission.