My family is a Chinese medicine practitioner, and I have developed a Chinese medicine myself. What are the steps to apply for a new drug or sell it to a pharmaceutical factory?

You can't apply for a new drug yourself. You can go directly to the pharmaceutical factory, which is of course interested in your medicine.

Since you dare to ask here. Then I believe the curative effect is definitely better! First of all, according to the benefits your medicine can produce. Do your own psychological expectations. Then consult with the pharmaceutical factory. The key is that your medicine is used to treat those diseases and how much economic benefits it has.

Or there is another way, you go to the University of Traditional Chinese Medicine to find a teacher. He will judge your medicine.