Question

Why is it important to develop new health care products in spite of the risks?

Answer 1

It important to develop new healthcare products in spite of the risks as the entire process of development of a drug tries to mitigate the risk as much as possible. Initially, in the experimental stages, a drug is tested on animal models and only in the clinical trial phases, human subjects are used for getting an approval from the FDA. Further, as molecular science is developing the targets of a drug are being probed and discovered, leading to better chances for the success of a drug discovery.