How does Pharmacovigilance contribute to the pharmaceutical industry?
Asked by Nishtha Chatterjee
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1 Answer
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Pharmacovigilance plays a crucial role in ensuring drug safety by monitoring adverse drug reactions, reporting safety concerns, and assessing risk-benefit ratios.
It helps pharmaceutical companies maintain regulatory compliance and improve patient safety. By identifying potential risks early, pharmacovigilance minimizes health hazards and enhances the credibility of drug manufacturers, ultimately benefiting the healthcare industry.
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