The process of bringing a new drug from idea to market is complex, involving a series of well-defined steps, a series of rigorous stages, from initial discovery and preclinical testing to clinical trials and regulatory approval. In this blog, we will examine the details of a new drug development process, explore steps to be taken, regulations for developing drugs and their role in chemical databases, with particular emphasis on Indian and global scenarios.
After approval, it is essential to continue monitoring the safety and efficacy of the medicinal product for any unusual or long term adverse reactions which may not be detected in human studies.
There are strict laws and regulations governing the drug development process. The Basic Law of the United States is a Federal Food, Drug and Cosmetic Act to ensure that medicines are safe and effective. The process of drug development in India is governed by the new rules on drugs and clinical trials, published in 2019. (Courtesy: Statista.com)
In 2023, Indian pharma industry has achieved a tremendous growth, having approx. 5,500 companies with current R & D facilities. At global level pharma industries also performed well as 21,000 molecules were in R & D pipeline last year. (Courtesy: Statista.com)
Data Related Drug Discovery:
Chemxpert Database:
In a nutshell, it is a complex journey that requires collaboration, regulatory compliance and access to reliable chemical databases in order to develop new medicines. The world's pharmaceutical progress is significantly helped by emerging economies such as India. In particular, the Chemxpert database is a major driver of drug discovery and development. The industry is being shaped by technology and collaboration efforts, with databases such as Chemxpert playing an important role in the future of health.
Sick and tired of always wondering if you are being asked to pay the right price for your APIs? This empowers you with the answers you need to make the right decisions in the Global API market.
Chemxpert Database is one of the biggest and most comprehensive directories of pharma and chemicals, manufacturers, suppliers and information. Provided with current information on prices, demand and transactions, it gives you instant feedback on whether you are buying what is right and at the right time.
Start using market intelligence today and allow yourself to be in control in the API market.
Check it out today and make more informed sourcing decisions! Learn More!