(+91) 9595750750
WHO defines Pharmacovigilance (PV) as the science and activities relating to the detection, assessment, understanding and prevention of adverse effects or any other drug-related problem. Pharmacovigilance is also known as drug safety and it focuses on ADR (Adverse drug reaction).The main aim of Pharmacovigilance is to monitor approved drugs and Investigational new drugs for
Ultimately PV is all about minimizing the risk to the patient by collecting and assessing data for products in the market and products under clinical trial
Pharmaceutical Sector is valued at somewhere around 1.57 Trillion Dollar by 2023 as per the research and it is continuing to grow at a steady rate all around the world. India plays an important role in this sector as it exports a large quantity of generic drugs.
FDA all over the world is making drug regulation stringent with a view to enhance patient safety and deliver safe medicinal product this has led to an increasing focus on PV not only in Developed nations but also developing nations. India is able to help fulfil this global demand of PV by providing cost effective services through its BPO and KPO.
According to various Market Research reports PV market is growing by CAGR 12 to 16% and India is a major player with a large market share in this segment, with all this a career in Pharmacovigilance looks promising in India and overseas.
Life Science graduates who have completed Pharmacovigilance course get an average salary in the range of 2 Lakhs to 3 Lakhs Per annum.
