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10 Reasons why should one get a career in Pharmacovigilance

Pharmacovigilance or drug safety is an important factor for assessing the risk involved in various pharma products and confirming their safety for the patients. Pharmacovigilance includes obtaining, monitoring, investigating, assessing and analyzing information from service providers and affected individuals.

Reasons why you should get a career in Pharmacovigilance

  1. Drugs appear to be safe and well tolerated when said, but in reality, the safety is very much unclear. The expert ensures the safety of the drug that is being produced and sent to the market. Side effects of the repeated use of the drug or when used with other drugs are read and studied practically.
  2. Pharmacovigilance provides evidence that will inspire public confidence and trust. Medicine-related problems like treatment failure, counterfeit, poor quality, drug interactions, and incorrect use are governed by the expert.
  3. Pharmacovigilance takes care of the vulnerable groups and plans accordingly for a group of people like pregnant women, breastfeeding mothers, elderly and young children.
  4. Pharmacovigilance gets to know of the unknown adverse reactions and interactions of a drug. You act very crucially in case of any uncertain adverse situation. Detection of the frequency of the reactions is also noticed by an expert.
  5. The power and authority given to a Pharmacovigilance is very important when compared to the rest in a team. The study on a particular drug can never be stopped without the concern of the expert responsible.
  6. A Pharmacovigilance expert keeps the market and the process moving. There are multiple requirements of the drug for various diseases and treatments. These drugs are carefully investigated and created under the expert’s guidance.
  7. A Pharmacovigilance expert not only looks forward to the human safety but they also try to minimize the exploitation of animals while testing a drug. An expert looks for an eternal way of creating a drug which can be less harmful and easily tested.  
  8. A Pharmacovigilance expert is supposed to be smart enough to prevent any preventable disease or treatment without much adherence to the drug. He/she must be able to tackle the situation with the least usage of the harmful and powerful drug.
  9. A Pharmacovigilance expert knows about the harms and benefits of a drug and the interim that be created during a certain disease or situation. Being one of the crucial roles to play in the pharma world, a lot of knowledge of different drugs is required.
  10. An expert in Pharmacovigilance is expected to be a knowledgeable and highly experienced personnel who would understand and act according to the benefits and harms a drug might cause to the humans. A patient’s disease must be anticipated and realized by a Pharmacovigilance expert more than a doctor.

Above are the various reasons for which Pharmacovigilance is considered not only a crucial role instead of a powerful stand in the world of health, fitness, and survival. The job requires many talents and confidence. If you have the above capability and surety, Pharmacovigilance is definitely a domain to look forward to.

In case, you are interested in the domain and need proper training, do look forward to various Pharmacovigilance courses and Pharmacovigilance training institutes for better knowledge.

5 Advices to those who are pursuing Pharmacovigilance as a Career

Pharmacovigilance (PV) or drug safety is an important aspect while assessing the risk/benefit of the various pharma products and confirming their safety for patients. It is the science of obtaining, monitoring, investigating, assessing and analyzing information from healthcare service providers and affected individuals on the side effects of the drug.

Why is Pharmacovigilance great to be opted as a career?

One of the excellent employment options for pharmacy, medical and life science graduates is getting into Pharmacovigilance. It is because of the Pharmacovigilance professionals that the drugs in the market are safe and all those which are identified hazardous are removed off the shelf. The Pharmacovigilance professional comes into the picture when any medicinal side effect is reported in proper databases and collect additional information and send reports to appropriate regulatory bodies.

How does the industry function?

Career opportunities in this field are very less, especially if you are not a doctor. Organizations related to the field are huge and their respective team is mostly located at different sites. Working in isolated departments exists for employees with very little technical exposure with the senior detection staff and risk management staff.

The Pharmacovigilance is not a management opportunity rather the employee has to work hard. The job is a little tricky expects a person to be intellectual, challenging and unexpected. If these are the qualities missing, then you must reconsider your option for joining the profession.

5 tips for pursuing Pharmacovigilance as a career

1. Consider your interest in PV

PV has multiple areas to be considered. Some are specialized jobs like Statisticians, Epidemiologists, IT and Computer experts. Therefore, think over what you are interested in.

2. Consider your educational qualification

you cannot get into PV with a normal degree. Instead, you need to have relevant education in pharmacy, medical or life science. The higher your educational qualification is, the more your opportunities would open to get into PV. The highest degrees being MD, DO, RPh, PharmD, RN, LPN, Ph.D., MS, BS, IT, Epidemiology, etc.

3. Get an experience first

Being a complex field of detection risks, most employers expect experienced candidates. Hence, if you wish to crack through your dream company and job, then make sure you have a certain number of practical experiences. This might give you an upper hand during any interview process.

4. Consider your place of work

Working in PV can offer you great prospects if you consider working for small pharma companies, sites with global activities, generic businesses and regulatory and drug safety organization. Therefore, a candidate must always try to get through these fronts to gain more knowledge and stability.

5. Build your conscience and be assertive

Being in the PV department requires you to be very attentive to minute details while analyzing risks and other factors of various drugs which are used by people. The experts are in charge of complex health information which needs to be precise and productive.

While you are on the job, you meet a lot many individuals. Hence it is required that you are self-assured and trustworthy.

Being one of the complex fields to handle in the pharma world, a lot of consideration is expected. Being a tough and critical job, patience and understanding is expected.

There are many Pharmacovigilance training centres providing Pharmacovigilance training. Try getting more knowledge on the subject before making a decision.

4 Non-traditional Healthcare Career Paths for Biotechnology & Life Science Graduates

Life sciences and biotechnology are no doubt booming career opportunities in India and abroad. However, due to various determinants, life sciences and biotechnology graduate quite often struggle to find proper jobs, especially in India. The reasons are – lack of proper employability skills (both technical and non-technical) and lack of knowledge about career options, i.e., careers outside lab and academia.

If you are one among the life sciences and biotechnology graduate looking for a booming opportunity then here is a list of 4 non-traditional healthcare career paths for biotechnology & life science graduates

Healthcare SAS

Statistical analysis system (SAS) is one of the most thriving and popular tools used for data analysis and statistical modeling. It is one of the fastest and robust software for advanced analytics, business intelligence, multivariate analyses, data mining, data management,  report writing, statistical analysis, applications development, business modeling, and data warehousing. Although the field primarily absorbs graduates with mathematics, statistics, and quantitative backgrounds, there is a genuine need for domain experts as well. SAS is an asset in various job markets as it holds the most significant market share regarding jobs in advanced analytics. The application of data science in biotechnology and life sciences is about far more than merely mining massive data sets.

Pharmacovigilance

Over a period, there is a fast pace rise in the number of domains in the healthcare industry which is indeed the reason for the trajectory growth of the healthcare industry.  One such domain that has recorded positive growth is Pharmacovigilance.

Pharmacovigilance, as defined by the WHO is ‘the science and activities relating to the detection, assessment, understanding, and prevention of adverse effects of drugs.’

Healthcare Business Analyst

A combination of life sciences and an IT qualification or skills form an ideal background for the role. Business analysts work in partnership with all key stakeholders across a company to source, prepare and analyze company data that can be used as critical knowledge for decision making that in turn, brings success. Examples include customer demographics, customer purchasing data, sales, and external survey data. Job titles may include Business Analyst,  Business Research Analyst, Senior Business Analyst and Lead Business Analyst.

You will need to gather much of the data you utilize first-hand. Some may be held in databases, so you will need excellent IT skills, which may include the use of languages like SQL to store, retrieve and manipulate the data. You will also need to instigate the mass of new data that is required for business needs through surveys, user groups, and interactions with key stakeholders. Your role will involve analyzing data for significance, compiling and presenting the data and relevant conclusions regarding its application to the healthcare industry.

Clinical Research

Clinical research is the current knowledge-intensive and booming career opportunity. It is one of the industries that’s growing at an astonishing rate. It has opened up a broad scope of job 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 benefits,  impact, and risk of medicines or any medicinal product. A clinical trial is a complete biography of medicine from its origin in the lab to its launch to the consumer market and beyond. The trial tests are performed at different stages, and after-launch supervision is maintained to scrutinize the safety and monitor the side effects if any.

These are just a handful of the career paths for life science and biotechnology students. Take the time to talk with your advisor and others in the field outside of academia to see what path is best for you at www.joshimedicode.com for more training information.

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 Opportunities for Pharmacovigilance

Pharmacovigilance, in layman’s terms, is drug safety which is defined as science and activities related to adverse effects caused by drug and pharmaceutical products. Pharmacovigilance is the reason, why many drugs are withdrawn from or not even brought into the market at times.

Students who wish to pursue a career in the pharmacovigilance are required to be a medical professional or should hold a degree in pharmacy and Bio-Sciences. Further studies such as postgraduate qualifications or diploma can be advantageous for a candidate wishing to pursue a career in this industry.

Some institutions offer pharmacovigilance certification program specializing in Pharmacovigilance, which is highly valued by many employers within the pharmaceutical industry. The course will provide students with essential knowledge and understanding of what a career in this industry entails, including experience of risk assessment, report writing, and signal detection.

Experience is essential when getting ahead of other candidates fighting for a position in drug safety and Pharmacovigilance. Observing and partaking in the industry first-hand as a placement student, or even shadowing a nurse or pharmacist demonstrates an applicant’s interest and willingness to work in a clinical background.

Careers in Pharmacovigilance

There are many different roles and job titles in medical regulatory affairs. Employees would typically begin their career as a drug safety associate, scientist or coordinator which advances to specialty, senior and management positions in a particular area of Pharmacovigilance.

Quality assurance, medical writing, and medical affairs are some of the main areas of focus for advanced employees; however, these positions come with increased responsibility and require immense experience.

Also if candidates are willing, there are many other opportunities abroad focusing on drug safety. These tend to be positioned in larger companies and so offers scope for progression into authoritative roles.

The yearly salary for a career in Pharmacovigilance can vary substantially, but earnings usually fall between the figures of Rs.3.5 – Rs.8 lakhs per annum. This depends much on factors such as the regulatory body, location, experience, position, and responsibility.

Types of jobs in the pharmaceutical industry

Drug safety officer: Responsible for tracking and observing reactions and effects during drug trials and studies. A report on the study is submitted to regulatory authorities, and once the report has been submitted drug safety managers must organize and review the reports to monitor the profile of specific medical products.

Drug safety physicians: Assess and obtain information about the product safety. They are also required to carry out medical case reviews and evaluate product safety during clinical trialing.

Pharmacovigilance job may either be permanent or on contract agreements; with impermanent positions usually lasting between three to twelve months.

If Pharmacovigilance is your dream career, then let us make it true by getting trained at Joshi Medicode. We offer a comprehensive range of training for various courses related to health care and life science like medical coding, billing, transcription, healthcare business analyst, and pharmacovigilance.

Visit our website www.joshimedicode.com  or contact us at +91 984 926 6033 for further details about the Pharmacovigilance training, classes, demo and many more.

What is the Scope of Pharmacovigilance?

Over a past few years, there is a fast pace increase in the number of domains in the healthcare industry which is indeed the reason for the trajectory growth of the healthcare industry.  One such domain that has shown positive growth is Pharmacovigilance.

Pharmacovigilance, defined by the WHO is ‘the science and activities relating to the detection, assessment, understanding, and prevention of adverse effects of drugs’.

Why all pharmaceutical markets across the nations need Pharmacovigilance services?

Did you know? Infectious and parasitic disease and respiratory infection were the two leading causes of death in 2017, and interestingly enough, a massive 48.7% of the population have been on at least one prescription drug.

According to WHO Report on Life Expectancy, the rate of chronic disease has increased by 18% between 2008 and 2015, while the non-chronic diseases are up at 15% over the same period.

Despite the full range of benefits we get from modern medicine, there are adverse drug reactions (ADR) which may cause permanent serious illnesses, side effects, paralysis and even death. The field of Pharmacovigilance is essential for monitoring public health and institutionalizing the safe use of medicine.

The global pharmaceutical market worth over $1 trillion. It is said that there is a cumulative annual growth rate (CAGR) of 6% from 2014 to 2020. Added to this the increasing geriatric population, and rising burden of chronic and non-chronic diseases, it is no surprise that the worldwide market for Pharmacovigilance services is forecasted to be worth $6.1 billion in revenue by 2020.

How does this affect Pharmacovigilance?

The increase in both chronic and non-chronic diseases are the main driver of demand for the production of medicines. Therefore, the global growth of various health conditions is equivalent to the consumption of drug and pharmaceutical products and the consequent appearance of ADRs. With thousands of drugs expected to hit the pharmaceuticals market in the next few years, there is an increased clamor for drug monitoring and regulating, hence driving the Pharmacovigilance industry to grow at a CAGR of 14.2%.

With the increased demand for drug safety and monitoring, a growing number of multinational pharmaceutical companies are turning to Pharmacovigilance services. If you are planning for a career in Pharmacovigilance, then this is the best time.

At Joshi Medicode, we offer a comprehensive range of training for various courses related to healthcare and life science like medical coding, billing, transcription, healthcare business analyst, and pharmacovigilance.

Visit our website www.joshimedicode.com  or contact us at +91 984 926 6033 for further details about the Pharmacovigilance training, classes, demo and many more.

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