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Risk Management Plan (RMP)

Meaning

A Risk Management Plan (RMP) is a detailed, mandatory document prepared by a pharmaceutical company as a core part of the regulatory approval and post-marketing surveillance process for a medicinal product. This comprehensive plan meticulously outlines a product’s identified and potential safety concerns, alongside the proposed activities to prevent or minimize these risks and the methods to monitor their effectiveness. The RMP is a continuous, evolving strategy throughout the entire lifecycle of a drug, especially critical for hormonal therapies with known systemic side effects.