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Monthly Archives: March 2018

Why Choose a Career in Pharmacovigilance?

“A career in pharmacovigilance is quite interesting with a nicely described career path.” According to a market research published recently by ‘Transparency Market Research’ titled “Pharmacovigilance Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 – 2020”, the worldwide market for pharmacovigilance was almost 2,426.6 USD in the year 2013 and will cross USD 6,104.1 million in 2020 with an estimated CAGR of 14.2%.
There is a rapid career growth in this field which gradually brings one to respected positions with excellent salary packages.

Before getting into details let’s understand what pharmacovigilance is, what you are expected to do as a pharmacovigilance professional, career aspects and much more.

What is pharmacovigilance?
Pharmacovigilance also abbreviated as PV is the medical science related to the detection, evaluation, and prevention of adverse effects of drugs, biologics or any medical device. It includes the knowledge of both short-term as well as long-term adverse effects of a therapeutic in a post-marketing or clinical trial setting.

Importance of pharmacovigilance
Pharmacovigilance or drug safety is evolving as a strategic discipline for the drug development and pharmaceutical marketing companies and includes the tools, systems, and methodologies used in collecting, monitoring and evaluating adverse event data from patients using drugs, biologics, and medical devices in full compliance to the regulatory framework or guidelines.

Pharmacovigilance systems are planned to

  • Explore new information about risks related to drugs
  • Reduce the risk and providing more safe medication to the patients (Risk Identification and mitigation)
  • Confirm with secondary and primary research methods the risks (signals) identified
  • Be advisory for new drug or medicine discovery and development

Why should you choose pharmacovigilance as your career?
Pharmacovigilance is an excellent employment option for pharmacy, life science, and medical graduates. It is a scientific discipline that involves reporting and assessing the side effects of a medicine. It is mainly due to the function of Pharmacovigilance professionals that the medicines in the marketplace that we consume are safe, and all those that are identified as hazardous are taken off the market. Pharmacovigilance professionals continually monitor the safety of the medicines in clinical trials as well as the medicines previously being marketed in the market. Just after a therapeutic side effect is reported, the Pharmacovigilance professionals enter the event in appropriate databases, follow-up with the event to collect additional information and send these reports to regulatory authorities and other appropriate regulatory bodies.

Who hires pharmacovigilance, professionals?
People trained in Pharmacovigilance can find excellent employment opportunities in the following organizations:

  • Pharmaceutical Companies.
  • Biotech companies.
  • Contract Research Organizations (CROs)
  • Regulatory Authorities such as DCG(I), FDA & CDSCO
  • Knowledge Process Outsourcing (KPOs) such as Accenture, Cognizant, Sciformix Corporation, iGATE, etc.

Now when you know that there are numerous benefits of having a career in pharmacovigilance, why not set your pharma career high with this booming opportunity by getting trained at Joshi Medicode.

Career prospects and future for the clinical research industry

Clinical research is the current knowledge-intensive and booming industry. It is one of the industries that’s growing at an astonishing rate. It has opened up a broad scope of employment opportunities with a rewarding career option for many aspirants.

Clinical research plays a vital role in introducing new drugs and improving health statistics. It also provides scientific analysis of the impact, benefits, and risk of medicines or any medicinal product. A clinical trial is a complete biography of a drug from its origin in the lab to its launch to the consumer market and beyond. These tests are performed at different stages, and after-launch supervision is maintained to scrutinize the safety and monitor the side effects if any.

Opportunities for clinical research:

Clinical research has a broad scope of various career prospects in different areas. One can find multiple career options depending upon his area of interest and type of clinical research. One can apply in the following fields:

  • CRO(Contract Research Organizations)
  • Pharmaceutical Industries
  • Medical Device Companies
  • Biotechnology
  • PRO (Patient Recruitment Organizations)
  • Clinical data management
  • Central lab
  • Regulatory affairs
  • Medical writing
  • Pharmacovigilance
  • Logistics and courier services
  • Research sites
  • Auditing of clinical trials
  • Government Agencies

Core areas of clinical research:

 

  • Clinical Research Associate (CRA)

 

CRA is a healthcare professional who conducts activities related to clinical trials. They are the soul in the field of Clinical Research. The authorities find their place in various organizations such as medical research institutes, pharmaceutical companies, and government agencies. Based on the organization’s policies different education and certification requirements may be necessary to practice as a Clinical Research Associate.

  • Clinical Research Organisation (CRO)

A CRO landscape is vast; using a CRO’s expertise you can maximize the effectiveness of your clinical trials. A CRO organizes and conduct clinical trials to check the test molecule in humans.

 

  • Clinical Data Management (CDM)

 

CDM is a critical aspect of clinical research. CDM leads to the generation of superior quality, dependable, and statistically well-informed data from clinical trials. The final goal of CDM is to assure a well-maintained data support conclusions drawn from research and thus achieving this goal protects public health and creates confidence in the world of therapeutics.

Did you know? India is the second largest pharmaceutical industry in Asia. There seems a rise of approximately 10% of the career prospects annually in the upcoming years. Various multinational companies are offering their research facilities in India, which result in an exponential rise in the clinical research industry.

There is a massive need for clinical research professionals in this fast-growing field. Clinical research makes an attractive career option with vast scope for professional growth. To build a career in clinical research, basic education in this field is necessary, and an excellent hands-on is the need.

Visit us at www.joshimedicode.com for more training information.

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