Final answer:
The correct statement based on the pharmacokinetic parameters is that the drug has high protein binding at 98%, which implies limited availability of unbound drug for effect or renal clearance.
Step-by-step explanation:
The correct statement concerning the pharmacokinetic parameters of the drug (P) is that it has a high protein binding of 98%. This is the only statement that can be deduced directly from the data provided. A high protein binding means that most of the drug is bound to plasma proteins, indicating that only a small fraction of the drug is unbound and free to exert an effect. The oral bioavailability of 15% is not considered high; it indicates that only a small percentage of the drug is absorbed into systemic circulation when taken orally. Furthermore, with a renal clearance of 5%, the drug is not extensively cleared by the kidneys, and it is not predominantly excreted unchanged in the urine. This is because a larger proportion of the drug is bound to the proteins, indicating limited free drug available for renal clearance.