This week's Expert View, from Uwe Trinks, global practice lead for pharmacovigilance tech at IQVIA, examines the use of new artificial intelligence-based tools to improve pharmacovigilance.
The pharmacovigilance (PV) teams within the pharmaceutical industry currently report allocating 40 to 85% of budgets towards case processing. With case processing volumes growing at a rate of 10 to 15% annually, life sciences organizations are aiming to reduce costs and automate time-consuming processes while maintaining or improving quality.
In addition to rising case volumes and costs, global regulations are making drug safety event reporting more complicated. The rising volume and complexity of cases are putting a significant strain on existing timelines, as teams struggle to keep up with the workload and ensure accurate and timely reporting.
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