What do precision and recall mean in lay terms? In pattern recognition, information retrieval and classification (machine learning), precision and recall are performance metrics that apply to data retrieved from a collection, corpus or sample space. Precision (also called positive predictive value) is the fraction of relevant instances among the retrieved instances, while recall (also known as sensitivity) is the fraction of relevant instances that were retrieved. …
The impact and use of social media in pharmacovigilance
Pharmacovigilance (PV) has evolved and grown more complex over the past 5 to 10 years due to increasing data volumes, evolving regulations, influence of emerging markets and the emerging social media and innovative technological advances. Digital media is now used by biopharmaceutical companies for communication with patients to create awareness about diseases and treatments, clinical …
Pharmacovigilance & risk management for biosimilars: unique challenges & possible solutions
Biological medicines (biologics) have made substantial contributions to the treatment of many chronic and serious diseases such as cancers, chronic inflammatory diseases and some rare genetic disorders, and are expected to provide significant therapeutic benefits to many patients who would otherwise have had limited treatment options.
Technology & automation drive operational efficiencies across the PV continuum
We are all aware that what we know of Pharmacovigilance today will radically transform in the future with the use of automation and technology tools. Companies that implement these tools in their PV operations can experience greatly improved efficiency, compliance and quality.
Transforming pharmacovigilance with technology and automation
Pharmaceutical customers today are challenging pharmacovigilance service providers to deliver greater value for the funding they provide. Not surprisingly, service providers are addressing this need by investing in technology and automation tools that are poised to increase both the efficiency and quality of pharmacovigilance operations.