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PhaseA drug requires several trials during the process of being approved. Generally Phase I is designed to test if the drug is safe, Phase II if it is efficacious in a small sample size and Phase III if it is efficacious in a large sample size.
PlaceboAn inert substance given as a medicine during clinical trials for its suggestive effect. Recipients are unaware of whether they have been given the placebo or drug being trialled.
PlatformA collection of technologies that speeds up the process of drug research.
Priority DateThe date on which a provisional application for a patent was first filed.