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Which area of R&D has seen the largest cost increases? Correct Answer clinical trials On average, how long does a new drug take to be developed (from discovery of initial compound to FDA approval)? Correct Answer 10-15 years Which of the following regulatory agencies is industry-based (run mainly by the companies themselves)? Correct Answer Pharmaceutical Research and Manufacturers of America (PhRMA) Which of the following factors has simplified the pharmaceutical R&D process? Correct A...

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NAPSRX PRACTICE QUESTIONS- TEST PREP 1. Pharmaceuticals are arguably the most socially important healthcare product. i. TRUE ii. FALSE 2. Pharmaceutical development is a high-risk undertaking, in which many promising leads prove disappointing. i. TRUE ii. FALSE 3. Pharmaceutical sales are highest in which geographical regions? i. The U.S., Saudi Arabia, and Japan ii. The U.S., Western Europe, and Japan iii. Western Europe, Australia, and Canada iv. Western Europe, Canada, an...

NAPSRx Practice Questions (Complete with A+ Rated Answers)