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Drug Development Costs

Meaning

Drug Development Costs encompass the substantial financial investment required to bring a new pharmaceutical agent, including novel hormonal therapies, from initial discovery and preclinical testing through to final regulatory approval and post-marketing surveillance. These expenditures cover complex activities such as basic research, toxicology studies, multiple phases of human clinical trials, manufacturing scale-up, and navigating stringent regulatory processes. The high financial barrier is a major determinant in the availability and pricing of new treatments, impacting patient access to innovative hormonal health solutions.