Abstract:We present a Bayesian dynamic borrowing (BDB) approach to enhance the quantitative identification of adverse events (AEs) in spontaneous reporting systems (SRSs). The method embeds a robust meta-analytic predictive (MAP) prior within a Bayesian hierarchical model and incorporates semantic similarity measures (SSMs) to enable weighted information sharing from MedDRA Preferred Terms (PTs) that are clinical similar to the target PT. This continuous similarity-based borrowing addresses limitation of rigid hierarchical grouping in current disproportionality analysis (DPA). Using data from the FDA Adverse Event Reporting System (FAERS) between 2015 and 2019, we evalute this approach - termed IC SSM - against standard Information Component (IC) analysis and IC with borrowing at the MedDRA high-level group term (HLGT) level. A novel references set (PVLens), derived from FDA product label updates, enabled prospective evaluation of method performance in identifying AEs prior to official labeling. The IC SSM approach demonstrated improved sensitivity compared to both traditional IC and HLGT-based borrowing, with minor trade-offs in F1 scores and Youden's index. IC SSM consistently identified more true positives and detected signals over 5 months sooner than traditional IC. Despite a marginally lower aggregate Youden's index, IC SSM showed higher performance in the early post-marketing period, providing more stable and relevant estimates than HLGT-based borrowing and traditional IC. These findings support the use of SSM-informed Bayesian borrowing as a scalable and context-aware enhancement to traditional DPA methods. Future research should validate this approach across other datasets and explore additional similarity metrics and Bayesian inference strategies using case-level data.