Do you know how long it takes for a newly developed drug to reach the market?
Pharmaceutical factories invest a tremendous amount of money and effort in order to develop quality medicine and drugs for patients in Hong Kong and the rest of the world. The development of a new medicine is a lengthy process that consists of many steps and procedures, including many stages of clinical trials, scientific validation, and certification that could take as long as 12 to 15 years. On average, out of all the clinical drugs that are being developed, only one in ten thousand will successfully reach the market after many tests and trials. The average cost to develop a single clinical drug is about 1 billion US dollars.
Developing a new drug requires the combined effort of a great number of people, from researchers, scientists, and experts of various fields such as epidemiology and biotechnology, as well as thousands of people who are willing to participate in clinical trials and safety tests. This is all in hopes of bringing treatment and relief to millions of patients and their families.
What is a "brand drug"?
A brand drug (or brand name drug) refers to the original version of a drug that was first developed and invented by a pharmaceutical company, and sold in the market. As the original inventor and developer, these pharmaceutical companies continue to research and examine the brand drug's performance over an extended period and as a result, usually have more clinical data and statistics on the drug than its competitors.
What are the advantages of Pfizer's brand drugs?
The safety and efficacy of Pfizer products are guaranteed by scientific data and clinical research.
We manage, maintain, and monitor our facilities under strict guidelines that meet and exceed international standards.
Patients can easily confirm the authenticity of a Pfizer product through the PASS Label system.
We continue to monitor the efficacy and safety of our products on a 24/7 basis, and have an efficient system for reporting issues and collecting data for improvement.
An experimental drug must undergo a series of laboratory tests and animal testing before getting approved for clinical trial. A pharmaceutical factory’s brand name drug is only able to reach the market after they have passed a series of clinical trials and meet strict manufacturing requirements and international standards that ensure their safety, efficacy, and quality. New drugs can only be used by patients once they have been approved and registered by local health authorities. The work of pharmaceutical companies does not end here as they continue to collect feedback and monitor adverse reactions over an extended period in order to learn, research, and improve a drug's efficacy.
Designing a quality drug is no easy task for any pharmaceutical factory. Any medications that aim to provide optimal treatment for their patients will require pinpoint accuracy in every aspect ranging from dosage to speed of absorption. This requires a tremendous amount of effort from its developers.
Designing a drug is no easy task. Any medications that aim to provide optimal treatment for their patients will require pinpoint accuracy in every aspect ranging from dosage to speed of absorption. This requires a tremendous amount of effort from its developers.
The invention of a new drug is an arduous task, but one that can help change the lives of millions of people. It is a task that must be done.