The drug discovery process involves 6 steps: 1) Initial testing and studies of potential drug compounds 2) Further testing and studies to evaluate the compounds' absorption, distribution, metabolism, and excretion 3) Conducting ADMET (Absorption, Distribution, Metabolism, Excretion, Toxicity) studies 4) Evaluating toxicity through studies 5) Additional testing and studies at later stages of the process 6) Final testing and studies before potential approval and marketing of a new drug