Drug innovation refers to the process of developing new pharmaceutical compounds, therapies, or delivery methods that improve health outcomes and address unmet medical needs. This term encompasses various stages, including the discovery of new drug candidates, preclinical testing, clinical trials, regulatory approval, and market introduction. Drug innovation can involve creating entirely new molecules, reformulating existing drugs for better efficacy or safety, and leveraging new technologies such as biotechnology and personalized medicine. The ultimate goal of drug innovation is to enhance treatment options for patients, reduce side effects, increase accessibility, and ensure that new therapies are effective against diseases. It plays a crucial role in advancing healthcare and contributing to improved quality of life.
Ascentage Pharma, a key player in the global pharmaceutical landscape, has recently secured an impressive $126.4 million through a U.S. IPO. This substantial funding is primarily earmarked for the advanced…