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Pharmacovigilance will play a vital and influential part in developing new drugs and therapies in the future, as the core of the life science mission will always be to enhance and save the lives of patients.
FREMONT, CA: Pharmacovigilance is the beating heart of the pharmaceutical industry. Without it, there would be no means to evaluate the effectiveness of drugs than their side effects. Pharmacovigilance, also known as PV, is tailored to protect patients and disseminate knowledge amongst professionals to mitigate the risk of adverse events. It ensures the rigorous testing of clinical drugs to enhance patient care and reduce negative effects. Present throughout the drug lifecycle, PV certifies whether a drug works and if it is safe to use. Learn more here.
Pharmacovigilance is arguably the essential function of a pharmaceutical company. To develop, manufacture, and commercialize a drug, a firm must adher
e to strict regulations. Many of these regulations will stress the patient’s safety and the added advantage to the patient-derived from the drug. This is the mission of drug safety and focuses on why this discipline plays a central and important role within pharmaceuticals. This continuous vigilance does mean that, alongside others in the business, leaders within a drug safety team have the responsibility and authority to recommend that a development process is paused or that an approved drug is pulled from the market.
In several ways, drug safety helps to keep the wheels of a pharmaceutical company on wheels. The nature of drug safety means that it works on a cross-functional basis. Therefore, the influence and value that the division can add to other business areas is tremendous. Drugs are continuously assessed for other side effects on patients, and any new data is gathered and reported to health authorities regularly. While other areas focus on enhancing patient lives in everything that they do, no other department has a sharp focus on patient safety as an end-point.
There is a significant shift in pharmacovigilance due to changes in legislation. The new legislation has put greater emphasis on patient safety, meaning that pharmacovigilance has far more of a key role to play. It requires that the level of detail within this communication must scale, and this will undoubtedly have a significant effect on drug safety teams and the pharmaceutical industry as a whole.
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