PHARMACOVIGILANCE: AREAS TO REFORM

Pharmacovigilance is growing in India. Given the size of the pharmaceutical market in India, it is important to understand how pharmacovigilance impacts the pharmaceutical products. Pharmacovilance leads to the safe usage of the pharmaceutical drugs but under reporting is a major issue in India mainly due to lack of awareness or feeling of fear. In order to build a robust pharmacovigilance system in India, active participation would be required from the Indian pharma sector as well as the government. Initiatives that can assist the small privatized generic companies to cope with the evolving regulations given their limited budget, are necessary. This paper provides an overview about the current pharmacovigilance system in India, its problems and how the problems can be solved provided India follows the pharmacovigilance practices practiced by other developed and developing nations