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A pharmacovigilance system is a comprehensive framework for detecting, assessing, understanding, and preventing adverse effects or any other drug-related problems.
The main objective of pharmacovigilance is to enhance patient safety and ensure the well-being of patients by monitoring and preventing adverse reactions to pharmaceutical products.
Pharmacovigilance can be categorized into three types: drug safety surveillance, drug abuse and adverse effects monitoring, and safety monitoring of new products.
Drug safety is a subset of pharmacovigilance, focusing on the assessment and prevention of adverse effects, while pharmacovigilance is a broader field encompassing all aspects of drug safety monitoring.
Current outsourcing trends in pharmacovigilance include the increased use of AI and machine learning, and a shift towards more strategic, value-added partnerships.