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Today many aspiring candidates are eager to take Pharmacovigilance Course and start a career in Pharmacovigilance domain but is Pharmacovigilance a good career option? let’s try to understand it
What is Pharmacovigilance?
Pharmacovigilance (PV) is emerging as a promising career option for pharma and medical students. Lately, the domain is fueled with brilliant talents who are pursuing an excellent careers. Looking at the opportunities, the students are much inclined to know more about pharmacovigilance and build a successful career in the same.
What are the Different Career Options in Pharma
When it comes to pharmacy, the students have several fields to start their careers. Pharma in itself is a vast domain offering levels of careers and roles for students.
Those students who wish to become a pharmacist may find their careers in:
1. Community Pharmacy.
2. Hospital Pharmacy.
3. Retail Pharmacy.
The students who wish to pursue their careers in the pharmaceutical industries may consider the following options:
1. Research and Development.
2. Quality Control.
3. Quality Assurance.
4. Regulatory Affairs.
5. Medical Representative.
The students who wish to go for government roles may pave their way to becoming drug inspectors. On the other hand, students who wish to pursue their career in academics may become a professor at a reputed university.Students who are interested in clinical trials and wish to become a part of them may find their career in a clinical research organization or a pharmaceutical industry to become:
1. Clinical Research Associate.
2. Clinical Data Management.
Lately, students are also inclined towards corporate pharma roles. Students interested in building a career in corporate pharma jobs may start their career in:
1. Pharmacovigilance (PV).
2. Medical Writing.
Pharmacovigilance Job Profile
Pharmacovigilance refers to the detection, assessment, understanding, and prevention of adverse effects of a medicinal product or drug. It is the science of obtaining information, monitoring, analyzing, and transferring it to a specific regulatory body. This helps in identifying the effect of the drug on the patients and making decisions about its safety.
For instance, let’s take a scenario in which a particular drug “X” has passed the clinical trials, thoroughly tested, and approved to be marketed. The drug “X” reaches the public and they start consuming it. Suddenly, several patients report the different adverse effects of the drug. A Pharmacovigilance professional collects this information from several patients to prepare a report. If the drug is found to produce hazardous effects, it is withdrawn from the market.
Thus, Pharmacovigilance is a critical domain which is directly involved with the regulatory authorities and plays a prime role in monitoring the drug effects.
Pharmacovigilance Jobs Salary
The salary for a Pharmacovigilance Salary role depends on the experience and knowledge of the student. An entry-level job in the pharmacovigilance can get a starting salary of Rs. 35,0000 per month. An individual with 2-3 years of experience with sound knowledge of pharmacovigilance terminologies can expect a salary from Rs. 50,000 to 75,000 per month. An individual with an experience of 7-10 years can expect to become a manager or Team Lead with a brilliant package.
Some of the common Questions asked by aspirants?
It is hard to give exact figures company wise but on an average salary of Pharmacovigilance associate in India is around 2.8 lakhs to 3.8 lakhs per year. Most of the above companies also pay in that range as per the data available in public domain.
Pharmacovigilance Career Graph and Opportunities
Pharmacovigilance offers a structured career path with several roles. It includes:
Drug Safety Associate:
This is an entry-level pharmacovigilance role in which the candidates will mostly enter the information available to them, reconcile, and check it for safety information. Once they have checked, they will also follow up on the process. This role requires efficient teamwork skills as different teams are involved in the process.
Drug Safety Scientist:
This role is suited for a candidate with 2-3 years of experience as a drug safety associate. A drug safety scientist has a sound knowledge of the medical dictionary for regulatory authorities (MedDRA), medical coding, and an excellent understanding of regulatory processes. The main job in this role is to ensure the safety and efficacy of a medicinal product. This is done by identifying and reporting adverse events of drugs to regulatory authorities.
Aggregate Report Scientist:
Candidates with a sound knowledge of Pharmacovigilance and a flair for writing can build their careers in aggregate reporting. The job involves the collection of the safety data of a drug and creating a report based on the data. It also involves writing individual case reports which are submitted to regulatory bodies
Pharmacovigilance Project Management:
Candidates with life-science background with good organizational and management skills can go for project management in Pharmacovigilance. The main role of such candidates is to plan project activities, manage client expectations, and ensure that the internal process is streamlined with client expectations
Drug Safety Physician:
Candidates with a medical degree such as MBBS, dentistry or veterinary medicine can build a strong career as drug safety physicians. This role involves reviewing various safety reports and providing expert medical opinions.
Medical Writing:
Candidates with a life-science background, holding strong scientific knowledge, and a flair for writing can build their career in medical writing. This role involves authoring, editing, and reviewing regulatory or clinical documents by maintaining quality to national and international standards
Top Pharmacovigilance Companies:
TCS
Cognizant
IQVIA
WIPRO
Covance
Pharmalex
Syneos Health
Parexel
Novartis
Apcer
QUINTILES
SCIFORMIX
ACCENTURE
KINAPSE
Emcure
Conclusion
India is rapidly growing in the Pharmacovigilance domain. Students are keen to explore the career opportunities in Pharmacovigilance looking at the great salary and steady career growth. If you are interested in building a career in PV, reach us here to undertake Pharmacovigilance Course and get trained. Our courses are delivered both in online and offline model giving complete practical exposure and sound knowledge.
