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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+