The drug price hike is making news this year. Turing Pharmaceuticals, the business established by the well known Martin Shkreli, increased the price of Daraprim from $13 a pill to $750, a 5,000 % raise. The drug has been used for years to cure malaria and toxoplasmosis, a parasitic infection that can impact HIV patients.
Pharmacovigilance is the science that enables us to measure, detect, assess, understand and prevent adverse effects of drugs. It is a meticulous way of continual monitoring for unwanted side effects and other safety-related issues of drugs that are in development and also those that are already being sold in the market.