Meaning of “late-stage” in the English Dictionary

business-english dictionary

"late-stage" in Business English

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late-stageadjective [ before noun ]

uk us

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” from the Cambridge Business English Dictionary © Cambridge University Press)