Pharmacovigilance (PV) is the pharmacological science related to the detection, assessment, understanding and prevention of adverse effects, particularly short term side effects of medicines after marketing of the drug. Pharmacovigilance is also referred as Post-Marketing Surveillance.
Clinical Data Management
CDM refers to management of data capture & data flow processes in conduct of a clinical research. It begins with design of data capture instrument & data collection, continues with data QC procedures to assure quality of all aspects of process, & ends with database closure.
Need of Training Program
In the field of CR, CDM & PV there is an imbalance between demand and supply with the scales tipping in favor of demand. Thus, pharmaceutical houses are hunting for trained professionals and are using bulky pay packages to lure them.
This program will increase the knowledge and importance of Pharmacovigilance in drug discovery process. Clinical Research, CDM & Pharmacovigilance is becoming an important part of drug development as it deals with the patients’ safety & efficacy of drug resulted into new job avenues. The participants after the completion of the training would have new economic pursuits as Pharmacovigilance potential opportunities & growth prospects are huge.
Job opportunities in CR, CDM, Pharmacovigilance
Pharmacovigilance and Clinical Data Management is a continually expanding industry. Trained manpower is lacking in this industry. According to a McKinsey report, the global outsourcing opportunity in India in the pharmaceutical industry is estimated to be around $2 billion in near future there will be requirement of more than 50,000 trained professionals in India alone.
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