Drug discovery refers to the process of identifying potential new medications or compounds that could be used to treat a specific disease or condition. This typically involves screening millions of molecules for their ability to interact with biological targets of interest.
Drug development is the process of taking a drug candidate from the initial discovery phase through preclinical testing and then on to clinical trials in humans. This process involves optimizing the compound for efficacy, safety, and dosage, as well as obtaining regulatory approval for marketing and distribution.
Drug formulation, on the other hand, refers to the process of designing the dosage form and composition of a drug in order to ensure its optimal delivery and effectiveness. This involves determining the most suitable form of the drug (e.g. pill, liquid, injection), as well as the appropriate combination of ingredients and excipients to maintain the drug's stability and enhance its absorption and bioavailability.
