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Questions to ask before investing in a pharmacovigilance system

Pharmacovigilance is a big deal these days. With companies bringing drugs to the market at the drop of a hat and regulatory bodies setting up stringent rules on drug safety standards, an effective pharmacovigilance system is a necessity for most drug manufacturers. Today, regulatory authorities demand greater transparency during pre-marketing and post-marketing of each drug. Its also imperative that drug companies record and manage data on each and every aspect of the drug manufacturing and marketing process because pharmaceutical risk management policies are getting tighter by the day. So, it pays to invest in an effective and efficient pharmacovigilance system as it works to benefit the drug manufacturer greatly in the long run. Before choosing a pharmacovigilance system, find out if the system answers to these questions favorably. Is the pharmacovigilance system technologically advanced?

Pharmacovigilance involves dealing with volumes and volumes of data on a day-to-day basis. Make sure that the system you are about to invest in is technologically advanced to handle all the information. Look up for features that make your work a lot easier. It saves time and improves productivity. You gain a lot in the long haul. Is it user-friendly?

Its great to go in for a tech-savvy system but keep in mind that the system must also be user-friendly. Make sure that the system is uncomplicated. Your employees must be able learn to use the system very quickly and with great ease. Does it streamline case processing?

Your pharmacovigilance must make managing and accessing data a whole lot easier. Choose a system that ensures a smooth work flow and streamlines your processing of individual cases. Does it offer greater risk management?

The core idea behind pharmacovigilance is effective and early risk management. So, your system must be equipped to monitor, assess and detect drug risks as early as possible in order to avoid huge losses in terms of finances, manpower, time and patient health in the later stages. Does it comply with global reporting standards?

Most drugs are developed for the global market. So, your pharmacovigilance system must also adhere to global adverse drug event reporting standards or else you need to keep investing on different systems for different markets. Also, choose a system that complies with the reporting standards of various regulatory bodies.

Questions to ask before investing in a pharmacovigilance system

By: Vikas Sah
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