What is pharmacovigilance and why is it significant?
Pharmacovigilance (PHV or PV) called as drug safety is the activities of life science concerned to the detection, collection, assessments, understanding, monitoring, and prevention of the drug related adverse effects or problems. It is a broad term considered to be a complete scientific and process-driven area within pharma industry. PHV is majorly considered within two outcomes which include safety and efficacy. The study almost touches all the aspect of the drug lifecycle – from preclinical development to post-market surveillance. The primary aim of the pharmacovigilance is the patient care and safety in relation to the medicine uses and also support all the public health programs by offering consistent, reliable and balanced information for effective assessment of the risk-benefit profile of medicines. Information received from healthcare providers and patients from the via pharmacovigilance agreements (PVAs) and also the other sources such as medical literature, plays a significa