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What is Pharmacovigilance?
Pharmacovigilance (PV) involves monitoring the safety of medications after they reach the market. Physicians in PV roles assess adverse events, identify safety signals, and develop risk management strategies.
Key Responsibilities
Review and assess adverse event reports
Identify and evaluate safety signals
Develop Risk Evaluation and Mitigation Strategies (REMS)
Author safety sections of regulatory documents
Prepare for and participate in FDA safety meetings
Lead benefit-risk assessments for products
Common Job Titles
Medical Director, Drug Safety
Safety Physician
Pharmacovigilance Medical Director
VP of Drug Safety
Global Safety Officer
Compensation Range
Entry-level (Associate Director): $230,000 - $320,000
Mid-level (Director): $280,000 - $400,000
Senior (VP): $350,000 - $500,000+
