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Cancer drug development is a lengthy process; it can take as long as 15 years for a successful drug to reach to FDA (Food and Drug Administration) approval, going through all the different phases of pre-clinical and clinical research, ie, Phase I/II/III trials. It has been previously estimated that out of 10,000 chemical compounds initially tested in pre-clinical studies, only 5 are eventually assessed in clinical trials, and only one achieves to gain official approval. Furthermore, the final cost of the whole process until a drug reaches FDA approval has been approximately estimated to exceed $ 800,000,000.
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