my knowledge is a bit rusty regarding rationale drug design for bio but ill give it a shot.
1) Cost, will it have any adverse affects, how it will react to the environments that it is exposed to etc
2) Well you would want the drug to inhibit the enzyme that assists in producing the venom. So you would design a drug that mirrors that specific enzymes structure.
Re: 2, why not just make a drug which inhibits the venom itself?

In reality, what they do is inject the pure venom into horses and then isolate the antibody that the horses make, then purify the antibody from their blood and inject it into people when needed. Problems with this drug is that because it's from horses, the antibody taken from the horses is itself a foreign material and can lead to allergic reactions - so called 'serum sickness'. But basically, yeh, major consideration would be side effects and adverse effects from the drug. In addition to the others swarley's given, others would be route of administration (as a general principle, protein-based drugs such as antibodies cannot be taken orally because the stomach will digest the protein), interactions with other drugs, the dosage required etc.
EDIT: Beaten by scocliffe09