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| Phase | Description | Timeline | Key Milestones | Responsible Parties |
|---|---|---|---|---|
| Concept Development | Initial research and feasibility studies. | Q1 2023 | Feasibility report completion. | R&D Team |
| Development | Formulation and sample preparation. | Q2 - Q4 2023 | Samples ready for testing. | Product Development Team |
| Testing | Stability and efficacy testing. | Q1 - Q2 2024 | Test results and analysis. | Quality Assurance Team |
| Regulatory Approval | Submission of data to regulatory bodies. | Q3 2024 | Approval received. | Compliance Team |
| Market Launch | Introduction of the product to the market. | Q1 2025 | Launch event and marketing campaign. | Marketing Team |