As I See It: Risk Management

As I See It: Risk Management
Medical Marketing & Media

By Peter J. Pitts
December 1, 2011

 
 
Risk management means more than REMS strategies and tactics, more than validated methodologies and therapeutic regis­tries. It's not about the management of risk—it's about assuming the mantle of responsibility.
 
Risk management can't just be about doing what's necessary to get a product approved.  In the social-media age, accepting the responsibility of risk means that we must stop being translucent and start being transparent. It's more than just doing what we're told, of being in compliance. Because we know better.
 
The responsibility of risk is shared.  It must be more than what the FDA expects from industry and more than what industry expects from the FDA.  It's what all parties to the public health conversation must expect from themselves.
 
“The fault, dear Brutus, is not in our stars, but in ourselves.”
 
The responsibility of risk means doing what's in the best interest of the patient fully and completely and beyond what is required—even when it is contrary to short term sales and marketing objectives.  When we let profit or politics trump what's in the best interest of the public health, we might as well be selling air conditioners.
 
Principles, as my father taught me, don't count until they hurt.
 
The responsibility of risk means appreciating and actualizing the philosophy of the safe use of drugs. For example, the responsibility of risk means not just detailing—but detailing the label.
 
And the responsibility of risk is global. Acknowledging the responsibility of risk means embracing the urgency for harmonized global pharmacovigilence.
 
Other than that, it's easy and straightforward.

Featured

Obama's Nurse Ratched
February 16, 2012  
New Survey: Nearly 7 Out of 10 Consumers Say OTC Cough Medicines Keep Them Productive At Work/School
February 16, 2012  
Cancer Patients Fume Over Counterfeit Avastin
February 15, 2012  

Social Networks

Receive latest news & event updates
Provide email below:

Like CMPI on Facebook
Follow CMPI on Twitter
Connect with CMPI on LinkedIn
Watch our Videos on CMPI YouTube Channel
Subscribe to Receive CMPI RSS Feeds