On average, how long does it take for a pharmaceutical company to develop a new prescription drug from initial discovery to market approval?

In the pharmaceutical industry, bringing a new medication to market involves a complex, multi-stage product development process. This process is heavily regulated and requires significant investment of time and resources. Test your knowledge about the typical timeline and key phases involved in developing new medical products that eventually reach patients.

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2-4 years
5-7 years
10-15 years
20-25 years