Pharmacovigilance and Adverse Drug Reactions (ADRs)

Pharmacovigilance is a research into the safety of a medical product or medication. It is a study related to the discovery, diagnosis and prevention of medication or product adverse effects. It is Pharmacovigilance which analyzes the drug's side effects. Implementation of proactive pharmacovigilance exercises helps in the execution of long-term plans, such as improving patient outcomes and reducing medicine-related expenses, particularly those associated with Adverse DrugReactions (ADRs). There has been a rise in chemical entities on the world pharmaceutical market, as a result of which pharmacovigilance is gradually becoming a norm for drug companies. Despite the regulatory change, phase III and phase IV trials are being increasingly undertaken to monitor the long-term safety outcomes of pharmaceuticals and biologics.
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