The document outlines the phases of clinical trials necessary for new drug development, beginning with preclinical studies and evolving through four main phases: Phase 1 focuses on safety and tolerability with healthy volunteers; Phase 2 assesses therapeutic efficacy with selected patients; Phase 3 conducts larger randomized trials to establish the drug's effectiveness; and Phase 4 involves post-marketing surveillance to collect data on drug performance in the general population. Each phase is designed to minimize risk and ensure the drug's safety and efficacy before and after it reaches the market. The importance of monitoring and regulatory compliance is emphasized throughout the trial process.