2021
DOI: 10.1177/0169796x21996833
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Understanding the Trade-offs in Drug Development: Retrospective on Lessons from the Early Phase of the COVID-19 Pandemic

Abstract: Using COVID-19 as the backdrop, this article investigates different trade-offs in terms of pecuniary and time costs in drug development across different branches of medicine. South Asian countries as well as China have a rich history of practicing traditional and alternative medicine. However, modern biomedicine as well as traditional medicine comes with certain procedural requirements, which make immediate responses to a pandemic difficult. Clinical trials in biomedicine are costly, mostly in terms of time. O… Show more

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“…The causative agent is the novel SARS-COV-2 virus which is a coronavirus. The pandemic has been a global nightmare, presenting mammoth challenges to humankind (e.g., Daud, 2021; Saha & Vasuprada, 2021) and dire socio-economic impacts (Agwanda et al, 2021). It continues to pose a multi-facetted threat to human health, and countries struggle to put measures in place to control it (Agojo, 2021).…”
Section: Introductionmentioning
confidence: 99%
“…The causative agent is the novel SARS-COV-2 virus which is a coronavirus. The pandemic has been a global nightmare, presenting mammoth challenges to humankind (e.g., Daud, 2021; Saha & Vasuprada, 2021) and dire socio-economic impacts (Agwanda et al, 2021). It continues to pose a multi-facetted threat to human health, and countries struggle to put measures in place to control it (Agojo, 2021).…”
Section: Introductionmentioning
confidence: 99%