Final answer:
Phase I clinical trials involve testing an investigational drug on healthy volunteers to evaluate its safety and pharmacokinetic properties.
Step-by-step explanation:
The scenario you described most closely aligns with Phase I of the drug development process. Phase I clinical trials are the initial stage of testing a new drug in humans, where the main focus is on assessing the safety and tolerability of the drug. In this phase, the investigational drug is administered to a small group of healthy volunteers to determine how the drug is absorbed, distributed, metabolized, and eliminated by the body. Pharmacokinetic properties, such as elimination half-life and bioavailability, are also evaluated in Phase I trials. If the drug is not well tolerated or does not meet the desired pharmacokinetic criteria, it may be dropped from further development.