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Good Pharmacovigilance Practice (GVP)

Meaning

Good Pharmacovigilance Practice, or GVP, represents a comprehensive set of standards, procedures, and quality systems designed to ensure the continuous, rigorous monitoring of the safety of medicinal products throughout their entire lifecycle. This system is crucial for collecting, detecting, assessing, and preventing adverse effects or any other medicine-related problems after a drug has been authorized for use. GVP mandates a proactive approach to patient safety, requiring pharmaceutical companies and regulatory authorities to continuously evaluate the benefit-risk profile of all approved hormonal and non-hormonal treatments. Adherence to these practices is a non-negotiable regulatory requirement in the global pharmaceutical landscape.