It is estimated that it takes approximately $1.25 billion1 and more than 10 years for the drug discovery and development process to be completed and a new drug to be brought to market. During all of this long process, from pre-clinical testing to product development and approval from the FDA (Federal Drug Administration), a wealth of data from a wide variety of bioinformatic tools are collected, integrated and analysed in order to lead to the next big discovery. This is why there are many analysts who believe that an effective Laboratory Information Management System (LIMS) to collect and manage laboratory data can save millions of dollars from the overall associated costs.

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