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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – Key Steps to FDA Approval for a Therapeutic Drug
Description: Key Steps to FDA Approval for a Therapeutic Drug Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. FDA approval is a lengthy and involved process with therapeutic drugs that startups must go through. Here’s a list of the key steps to achieve FDA approval: After basic research, the founder applies for an Investigational New Drug Application called an IND. The founder takes the proposed therapeutic or drug through four phases of clinical trials. Phase 1 is for safety testing. Phase 2 is for effectiveness. Phase 3 focuses on additional safety tes...