Development of a therapeutic agent is a laborious process commencing with the discovery of a “druggable target” underlying the pathology of a disease. Discovery process is followed by identification of a lead molecule/compound, optimization of the pharmaceutical formulation of the compound, laboratory testing, IND approval, and clinical trials. This article focuses on characterization, pharmaceutical formulation, and clinical studies of bevacizumab (avastin), proteasome inhibitors, interferon‐alpha (IFN‐•), and oncolytic viruses.