Simplify the following text for a Grade 13 native English-speaking person.
Original: Pharmacoepidemiology provides pharmacovigilance , the later is a type of continual monitoring of unwanted effects and other safety-related aspects of drugs in current growing integrating markets .
Simplified: Pharmacovigilance is a type of continual monitoring of unwanted effects and other safety-related aspects of drugs that are already placed in current growing integrating markets .