According to Chemical Marketing Reporter (Feb. 20, 1995), pharmaceutical companies spend $15 billion per year on research

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According to Chemical Marketing Reporter (Feb. 20, 1995), pharmaceutical companies spend $15 billion per year on research and development of new drugs. The pharmaceutical company must subject each new drug to lengthy and involved testing before receiving the necessary permission from the Food and Drug Administration

(FDA) to market the drug.The FDA's policy is that the pharmaceutical company must provide substantial evidence that a new drug is safe prior to receiving FDA

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Statistics For Business And Economics

ISBN: 9780130272935

8th Edition

Authors: James T. McClave, Terry Sincich, P. George Benson

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