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Pharma Tech Outlook | Tuesday, July 26, 2022
Pharmacovigilance helps healthcare professionals understand and analyze the risks associated with administering the prescribed medicine and amend the recommendations on their use accordingly.
FREMONT, CA: Adverse Drug Reactions (ADRs) are among the countries' top ten leading causes of death. An adverse drug reaction could be any accidental reaction in a patient's body due to drug administration.
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Therefore, drug safety monitoring is a reducing risk exercise in which the ADRs, because of therapeutic drugs, biologicals, or devices, can explore, prevent or minimize.
It identifies expected and unexpected adverse reactions from using medicines in the post-marketing phase. Pharmacovigilance is an umbrella term utilized to describe the process of drug safety monitoring.
It can be defined as the branch of science that carries out activities related to detecting, assessing, understanding, and preventing adverse drug reactions. It primarily aims at the rational use of medicines to assure the safety of patients. Thus pharmacovigilance has become the main aspect of effective clinical practice in several countries.
Scope of pharmacovigilance
Most pharmaceutical and clinical research companies carry out pharmacovigilance activities to monitor and report adverse drug reactions to their products. When reported to concerned regulatory authorities regularly, the known or poorly understood adverse reactions will be analyzed and effectively communicated for further interpretation.
This helps healthcare professionals understand and analyze the risks associated with administering the medicine they prescribe and amend the recommendations on their use accordingly. This process results in accumulating an immense volume of data in the form of ADR reports.
Nowadays, these activities are being outsourced to multinational companies resulting in the generation of various job opportunities across various life science companies, including pharmaceutical and biotechnology companies, Contract Research Organizations (CROs), BPOs, consultancies, and generic companies, to name a few. Apart from local drug companies, many global players, namely Quintiles, GlaxoSmithKline, Pfizer, etc., have set up their pharmacovigilance centers worldwide.
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