The life sciences comprise all fields of science that involve the scientific study of living organisms, like plants, animals, and human beings. However, the study of behavior of organisms, such as practiced in ethnology and psychology, is only included in as much as it involves a clearly biological aspect. While biology and medicine remain centerpieces of the life sciences, technological advances in molecular biology and biotechnology have led to a burgeoning of specializations and new, often interdisciplinary, fields.
The life science R&D process can be a long and expensive venture.
The product development process follows these basic steps at a very high level:
• Phase 1 – identification of the particle, initial testing, and toxicology studies
• Phase 2 – further development, formulation, human testing
• Phase 3 – full scale double blind clinical trials to test efficacy, submission for FDA approval.
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