A REVIEW ON RISK MANAGEMENT OF PHARMACEUTICAL PRODUCT AND PHARMACEUTICAL TOXICOLOGY

Risk management in the pharmaceutical industry is a critical process that ensures the safety, efficacy, and quality of pharmaceutical products. This discipline involves identifying, assessing, and mitigating risks throughout the lifecycle of a drug, from development to post-market surveillance. Key strategies include rigorous clinical testing, thorough regulatory compliance, and continuous monitoring of adverse events. Pharmaceutical toxicology, a vital component of risk management, focuses on the study of adverse effects of chemical substances on living organisms. It provides essential data that help predict potential toxicities and guide the safe development of new drugs. Toxicological assessments are performed through various in vitro and in vivo studies, providing insights into the mechanisms of toxicity, dose-response relationships, and potential human health impacts. Effective integration of risk management and toxicological evaluation is crucial for minimizing risks and ensuring patient safety. Keywords: Mitigating, Toxicological, dose-response relationships, clinical testing, Regulatory compliance.