Drug development is the process of bringing a new drug to the market once a lead compound has been identified through the process of drug discovery. It includes pre-clinical research (microorganisms/animals) and clinical trials (on humans) and may include the step of obtaining regulatory approval to market the drug.
[https://www.fda.gov/patients/learn-about-drug-and-device-approvals/drug-development-process Drug Development Process]
Discovery: The Drug Development process starts with Discovery, a process of identifying a new medicine.
Development: Chemicals extracted from natural products are used to make pills, capsules, or syrups for oral use. Injections for direct infusion into the blood drops for eyes or ears.
Preclinical research: Drugs go under laboratory or animal testing, to ensure that they can be used on Humans.
Clinical testing: The drug is used on people to confirm that it is safe to use.
FDA Review: drug is sent to FDA before launching the drug into the market.
FDA post-Market Review: The drug is reviewed and monitored by FDA for the safety once it is available to the public.