Risk Assessment

Importance of Risk Assessment in Pharmaceutical Industry

Importance of Risk Assessment in Pharmaceutical Industry

Risk assessment plays a crucial role in the pharmaceutical industry due to its impact on public health, regulatory compliance, and business success. Here are some key points highlighting its importance and impact:   Patient Safety: Risk assessment ensures that pharmaceutical products are safe for consumption by identifying and mitigating potential risks associated with their development,…

Difference Between Hazard and Risk in Pharmaceutical QRM
|

Difference Between Hazard and Risk in Pharmaceutical QRM

Hazard and Risk are two important concepts in the pharmaceutical industry, but they have distinct meanings and implications. Here is a comparison between hazard and risk in the context of the pharmaceutical industry:   1. Definition Hazard: A hazard refers to any potential source of harm or danger that can cause adverse effects on human…