Which product development methodology, originally developed for pharmaceuticals, has been widely adopted across scientific industries to reduce failure rates by enforcing stage-gate reviews?

Product development in scientific industries requires a unique blend of research rigor, regulatory compliance, and market awareness. The path from scientific discovery to commercial product is fraught with challenges but also defined by systematic approaches. This trivia question explores one of the critical frameworks that has revolutionized how scientific products are developed and brought to market. Test your knowledge about product development methodologies in science-based industries!

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Phase-Gate Process (Stage-Gate Model)
Waterfall Development Model
Lean Laboratory Implementation
Agile Scientific Method