What is clinical development?
Clinical development is the systematic process of researching and evaluating the safety and efficacy of medical products. This includes developing new interventions (i.e., drugs, biologics,devices, procedures) and exploring new indications or line extensions for existing products. Clinical development involves designing and conducting clinical trials that measure against predefined endpoints to evaluate a product's potential benefits and risks. Successful completionof clinical development ultimately leads to regulatory approval andmarket authorization.
Pharmaceutical companies often have several clinical development programs across multiple assets ongoing at any one time,which collectively form their development pipeline.