Drug repositioning, also known as drug repurposing, refers to finding new uses for existing drugs outside their original therapeutic area. This approach can significantly reduce the time and costs associated with drug development. The document discusses various strategies for drug repositioning such as in silico screening and establishing drug-target-disease relationships from omics data. It provides examples of existing drugs that have been successfully repositioned for new indications, and strategies for repositioning existing drugs to treat COVID-19 more rapidly. Drug repositioning is an important approach that can accelerate the development of new treatments.