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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?

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?

Discovery, Development, and Commercialization Signup and view all the answers

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

Development Signup and view all the answers

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

Low demand for new drugs Signup and view all the answers

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

$2.3 billion Signup and view all the answers

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

20 years Signup and view all the answers

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

It limits the time for companies to recover costs and make a profit. Signup and view all the answers

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

1 in 10,000 Signup and view all the answers