Pharmaceuticals - North Sydney, New South Wales, Australia
The discovery of new therapeutic uses for drugs that have been developed for other indications is known as drug repurposing. The considerable risks inherent in development are greatly reduced because the repurposed drug has been used in a large number of patients often for many years. This means that it has a well-known safety and pharmacokinetic profile. Moreover, the pharmacology, toxicology, formulation and early clinical trials have been completed greatly reducing costs and shortening the pathway to market. It is now accepted that repurposing offers a much better risk-return trade-off compared with other drug development strategies.
Apache