Pharmacovigilance is the discipline of collecting, monitoring, researching, assessing and evaluating information from healthcare providers and patients on the adverse effects of medicines, with a view to preventing harm to patients.
Pharmacovigilance plays a vital role within the clinical trials process, helping to ensure the development of safe drugs that meet required European and International regulations. It can also significantly reduce the time it takes for drugs to reach the market and reduce drug recalls which are a substantial financial burden to pharmaceutical companies.