1. Molecule or compound identified
2. Studied to determine mechanism
3. Tested in animals to determine effectiveness, gather safety information, and determine absorption, breakdown, elimination
4. Phase I studies in 20-100 healthy volunteers to determine safety and tolerability, study how drug works, learn how body responds
5. Phase II studies in several hundred people with disease drug is intended to treat to assess whether drug effectively treats condition and assess safety and toxicity
6. Phase III studies in large number of humans (300-3000) with the disease to confirm effectiveness and safety, test against placebo
7. Phase IV post-marketing surveillance after approval to detect rare or long-term adverse reactions and determine if drug can treat other conditions