The document outlines the stages of drug development, including drug discovery, preclinical development, clinical trials, and manufacturing, detailing the significant costs and timelines involved, often exceeding $1 billion and taking 10-15 years. It emphasizes modern techniques such as pharmacogenomics and high-throughput screening that enhance drug efficacy and safety by tailoring treatments to genetic profiles. Traditional and novel approaches to drug discovery are discussed, highlighting the evolution of methods from natural product isolation to advanced biotechnological interventions.