Developing a drug for animals is much complicated and is a bit expensive. The stringent government regulations for drug approvals are the biggest hurdles in the animal health industry. The drug development process can take up to 5â€“7 years and cost more than US$ 10 million before entering the stage of approval. In addition, animal medicines remain heavily regulated and are subjected to strict laws that protect animals and humans, as well as the environment. Thus, drug development for animals is quite costlier, and sometimes it may become a restraint for the animal health market...Read more