Understanding Drug Importance
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Questions and Answers

Which of the following is NOT a reason why drugs are important?

  • They contribute to the health of a nation
  • They boost economic growth through research and development.
  • They always guarantee complete eradication of diseases. (correct)
  • They enhance a country's international prestige through advancements in medicine.

what percentage of all research and development performed by UK businesses in 2023 was spent on pharmaceutical research?

  • 2%
  • 9%
  • 10.8%
  • 18% (correct)

What is the primary goal of pharmacogenomics, as described in the slide?

  • To eliminate all side effects from drug therapy.
  • To develop generic versions of all existing drugs.
  • To personalize drug therapy based on individual genetic makeup. (correct)
  • To replace traditional medicine with entirely new therapies.

Slide 11: What are the three main phases of creating a new drug?

<p>Discovery, Development, and Commercialization (A)</p> Signup and view all the answers

Slide 11:In which phase does the company file an Investigational New Drug (IND) application with the FDA?

<p>Development (B)</p> Signup and view all the answers

Slide 13: Which of the following is NOT a major reason for the high cost of drugs?

<p>Low demand for new drugs (D)</p> Signup and view all the answers

Slide 13: What is the approximate average cost of producing a new drug, from discovery to market approval?

<p>$2.3 billion (D)</p> Signup and view all the answers

Slide 15: What is the usual patent life for a new drug?

<p>20 years (C)</p> Signup and view all the answers

Slide 15: What is the main problem with the relatively short patent life of drugs?

<p>It limits the time for companies to recover costs and make a profit. (A)</p> Signup and view all the answers

Slide 17: What is the success rate of new chemical entities (NCEs) in drug discovery/development?

<p>1 in 10,000 (C)</p> Signup and view all the answers

Flashcards

Drug Importance

Drugs are essential for treating and preventing diseases, improving health, and alleviating suffering.

UK Pharma Research %

18% of all UK business research and development in 2023 was invested in pharmaceutical research.

Pharmacogenomics Goal

To tailor drug treatment based on individual genetic variations.

Drug Creation Phases

Drug development involves Discovery, Development, and Commercialization.

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IND Application Phase

The Investigational New Drug (IND) application is filed during the Development phase.

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High Drug Cost Reason (Not)

Low demand for new drugs is NOT a major reason for high drug costs.

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Average Drug Cost

The average cost to produce a new drug from concept to approval is roughly $2.3 billion.

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Drug Patent Life

The typical patent life for a new drug is 20 years.

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Short Drug Patent Problem

The short patent life limits the time for companies to recover costs (and profit) for a drug.

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NCE Success Rate

The success rate of developing new chemical entities (NCEs) as drugs is very low at 1 in 10,000.

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Drug Discovery Failure

Most drugs never make it to market.

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Drug Discovery Goal

To find a drug that works for patients.

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Drug Development

The process involves designing, testing, approving, and manufacturing a new drug

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Pharmaceutical Research

Study of new and already used drugs.

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Commercialization

The process of bringing new products like a new drug to the market

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