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English definition of “late-stage”

late-stage

adjective [before noun]    
used to describe a time near the end of an organization's or product's development : The company has 157 drugs in development , including eight in late-stage development . The firm is looking for younger , riskier start-up companies instead of its traditional late-stage investments .
(Definition of late-stage adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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