{"id":21650,"date":"2024-09-20T04:06:23","date_gmt":"2024-09-20T04:06:23","guid":{"rendered":"https:\/\/viewmyprojects.com\/winwirewp\/?p=21650"},"modified":"2024-09-20T04:06:28","modified_gmt":"2024-09-20T04:06:28","slug":"future-of-pharmacovigilance","status":"publish","type":"post","link":"https:\/\/viewmyprojects.com\/winwirewp\/blog\/future-of-pharmacovigilance\/","title":{"rendered":"The Future of Pharmacovigilance: Boosting Operational Efficiency with Automation"},"content":{"rendered":"\n

In life sciences organizations, Pharmacovigilance (PV) plays the role of a vigilant guardian, diligently monitoring patients’ safety and well-being. Combining drug safety and pharmacovigilance is essential for tracking medication safety after approval.<\/p>\n\n\n\n

The International Data Corporation (IDC) reports that safety case volumes increase by 30-50% each year.<\/p>\n\n\n

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\"adverse<\/figure><\/div>\n\n\n

This upsurge can be attributed to multiple factors, including the introduction of an expanding array of new medications, heightened awareness among healthcare professionals and patients, the importance of drug safety and the complexity inherent in modern therapeutics, and the globalization of drug manufacturing.<\/p>\n\n\n\n

For these reasons, pharmaceutical companies are seeking to automate pharmacovigilance (PV) processes to speed the handling of adverse events, reduce costs, improve patient safety, and unlock opportunities alongside compliance. They want to move from reactive risk management to proactively predicting and preventing adverse events while automating mundane tasks such as data entry, triage, etc.<\/p>\n\n\n\n

The Pharmacovigilance Process<\/h2>\n\n\n\n

The Pharmacovigilance process can be divided into five steps, starting with Case Intake.<\/p>\n\n\n

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\"Pharmacovigilance<\/figure><\/div>\n\n\n

Case Intake<\/u>:<\/strong> Most ADRs come from the FDA or a phone call. With rising awareness and access to digital tools, reporting from other channels, such as emails from Physicians with details or an attachment, online forms, and social media, is seeing a gradual spike. Learn more about PV Case Intake Process<\/a>. <\/p>\n\n\n\n

Case Triage<\/u><\/strong>:<\/strong> With the rising number of cases, it becomes imperative to filter noise for optimum resource utilization.<\/p>\n\n\n\n

Case Processing<\/u><\/strong>:<\/strong> Processing includes coding the reported ADRs using standardized terminology (e.g., Medical Dictionary for Regulatory Activities\u2014MedDRA) and ensuring data quality and completeness.<\/p>\n\n\n\n

Case Output<\/u><\/strong>:<\/strong>  Individual Case Safety Report (ICSR) is prepared with a description of the adverse event, a timeline of events, relevant medical history, concomitant medications, and any other pertinent information. This narrative provides additional context and aids in signal detection and assessment.<\/p>\n\n\n\n

Submission, Risk, and Analysis<\/u><\/strong>:<\/strong> Case information is submitted to the pharmacovigilance database after review for further processing and analysis. This allows for systematic tracking, monitoring, and reporting of adverse events to regulatory authorities and other stakeholders as required by pharmacovigilance regulations.<\/p>\n\n\n\n

Risk assessment evaluates adverse events’ severity, frequency, and impact, guiding decision-making on drug safety. Analysis involves thoroughly examining data to detect patterns and signals, aiding in identifying potential risks.<\/p>\n\n\n\n

Cost Associated<\/strong><\/p>\n\n\n\n

According to the Everest Group 2019 study, companies spend an average of USD 420 \u2013 425 per PV case. Considering an average inflation rate of 3% for the last four years, this figure becomes USD 458.  <\/p>\n\n\n\n

As per the FDA website (US market only), 2M cases were reported for 2023, leading to a spend of USD 1B on PV cases only, which is on the rise.<\/p>\n\n\n\n

Europe registered 2,900,0001<\/sup> ADRs, whereas MHRA from the UK mentioned 112,1282<\/sup> ADRs in 2022.<\/p>\n\n\n\n

Pharmacovigilance Future State<\/h2>\n\n\n\n

Stringent regulations, disruption in Supply Chain due to geopolitical reasons, margin pressure, improved customer awareness, and market competition are compelling pharmaceutical companies to revisit the way they operate pharmacovigilance cost\u00a0centre.<\/p>\n\n\n

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\"Pharmacovigilance<\/figure><\/div>\n\n\n

Identifying Processes for Automation<\/h2>\n\n\n\n

The phase-wise approach has better acceptability, which allows the team to adjust to new technology and processes without impacting the business.<\/p>\n\n\n\n

Data Capture<\/strong><\/p>\n\n\n\n