I'm going to tell you that you are, in fact, wrong. Chemical reactions (pharmacodynamics) may be fast, but pharmacokinetics may very well be slow. There is a reason you have to take antibiotics for at least two weeks, or wait three months to see an effect from SSRIs.
These things literally take time. Not all processes are instant in your body, many take time for their physiological effects to be materialized.
Biology is biology and not everything is instant, no matter how much you wish it was.
>Then speed them up! You might have heard the story of Steve and Gorilla Glass:
This is such a naive comment I'm not really even sure how to address it. First, you can't just "hack" a molecule in a night.
Identifying the protein targets could be a lifetime's work. Identifying drug interactors is another big project, verifying efficacy takes time, synthesis takes time, verifying purity, determining best method of delivery to the patient, half life, dosage, interactions with other drugs, on and on and on. It all takes time.
Second, even supposing we can make a specific molecule overnight, the chance that molecule is going to kill your patient is really damn high. The human body does not get along well with most chemical compounds. There is a reason we have extended, long clinical safety trials. While you can make an argument they are too long, "overnight" is far, far too fast.
You'll never know if you cured your patient's cancer when he drops dead tomorrow from your sulpho-cholorinated-methyl-mercury superdrug cocktail that you synthesized last night.