The document discusses the process of new drug development, which involves drug discovery through approaches like exploring natural sources, rational design, and combinatorial chemistry. Drugs then undergo preclinical testing in animals to evaluate safety and efficacy. If promising, drugs enter clinical trials in four phases with humans to further assess safety, efficacy, dosing, and side effects. Successful drugs are approved by regulatory agencies and undergo post-marketing surveillance to monitor long-term effects. The overall process from discovery to marketing can take over 10 years and cost over $500 million.