Statistics play an important role in the development of the pharmaceutical industry. The drug or molecule which get synthesized has to pass through the process of pre-clinical development and many stages before it comes to market. At every stage there is statistics involved.
Statistics in pharmaceutical industry is very important . when we are in the process of development of a new formulation we try many combinations and permutations before of API and excipients. Therefore we may face a significant loss of money and resources in the process of development moreover it also causes loss of ones precious time. when we use stats it reduces the number of formulations to be prepared as it gives the optimized number of formulations reduces the use of resources and makes research very economical. like the software design exp
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