4 Best Pharmaceutical companies in Armenia

Pharmaceutical companies in Armenia are an important part of the Armenian economy and have great growth potential.

The ancient traditions that were the forerunners of Armenia’s modern pharmaceutical industry have been passed down from generation to generation and have resulted in Armenia’s disposition and capacity for scientific research.

When the  RA government adopted the export-oriented industrial policy strategy, representatives of the pharmaceutical sector were among the first to sign a memorandum, committing to future industry-government cooperation.

The state has offered extensive support to pharmaceutical companies. Support from donor organizations, particularly USAID, is also very important for the sector to thrive.

The progress of the Armenian pharmaceutical sector in recent years reinforces the belief that the development strategy has been good and that local pharmaceutical companies, especially export companies, can achieve even greater success by investing in international standards and using Armenia’s scientific potential, as well as ideas from the experience of other countries with the advanced pharmaceutical industry.

 Competitive advantages of the pharmaceutical sector in Armenia

• High market growth both in the domestic market and in important export markets
• Old traditions and rich experience in the fine chemical industry
• Highly qualified workforce, which is internationally recognized by new

graduates every year Universities of Armenia are growing products Introduction of Good Manufacturing Practices (GMP) and other international

standards

• Government Commitment by the government to further develop a GMP certification agency and

the development to support  the recovery of the Armenian pharmaceutical sector

• Favorable business environment and investment opportunities

Growth Performance of the pharmaceutical sector

The pharmaceutical industry of Armenia has shown remarkable growth over the past five years, driven by sales in the domestic and foreign markets, with significant growth in investments in this sector.

It is one of the fastest-growing economic sectors in Armenia, the average growth of which has exceeded the growth of the manufacturing industry as a whole and the national economy as a whole.

In particular, the pharmaceutical industry has grown from  3.3 billion AMD ($8.9 million) in 2010 to  5.2 billion AMD ($12.6 million) in 2013, at a compound annual growth rate of 20% (see figure 4).

According to the RA National Statistical Service (NSS), pharmaceutical production (at comparable prices) was approximately  5.2 billion AMD in 2013, 29.9% more than 2012 of which 2.7 billion were exported, an increase of 22.2% over 2012.

Like manufacturing, Armenia’s pharmaceutical exports have been growing rapidly over the past five years, at a compound annual growth rate of 20%. The pharmaceutical sector in Armenia has great growth potential.

In line with Armenia’s Export-Oriented Industrial Policy, the government has identified the pharmaceutical industry as one of the strategic sectors to be promoted in the period 2010-2020.

The long-term goal of this strategy is to develop new sectors “export engines” by expanding not only the current export potential but also those with the highest export potential.

Through this strategy, the government aims to increase drug production from US$8 million in 2010 to US$3,035 million in 2015. In the same period, exports are projected to increase from USD 5 million in 2010 to USD 20.25 million for the industry in 2015.

There are 18 licensed pharmaceutical companies in Armenia, three of which produce significant volumes.

In 2013, these three companies contributed 70% ($8.8 million) to the total sales of all local manufacturers and 6.5% to the total sales of the Armenian pharmaceutical market as a whole ($134 million).

The pharmaceutical industry is one of the few export-oriented industries in Armenia. Considering that there are so few GMP certified manufacturers, the fact that the sector exports 52% of its production is a clear indicator of its export capacity.

Furthermore, the most important foreign markets for Armenian pharmaceutical companies are in the CIS and mainly in Central Asia (Uzbekistan, Kazakhstan, Turkmenistan, and Tajikistan). Armenian companies are also successfully competing in the markets of Georgia, Belarus, Russia, and Ukraine.

Local manufacturers mainly specialize in the production of generic drugs, although some produce branded products.

Most of these generic drugs are included in the List of Essential Medicines of the Republic of Armenia. Locally produced generic drugs cost 10-30% less than imported alternatives. There is also limited contract manufacturing.

 The main dosage forms produced by Armenian pharmaceutical companies are:

• tablets
• capsules
• ointments
• suppositories
• suspensions
• syrups
• injection solutions, including  intravenous infusion solutions
• eye drops
• herbal extracts and Tinctures

Product quality is a high priority for Armenian manufacturers. Therefore, most of the raw materials and chemicals used in production are sourced from suppliers in the EU and the US.

The industry is in the process of introducing and implementing international quality standards (GxP standards).

Two Armenian pharmaceutical manufacturers have already been successfully audited and awarded a GMP certificate by the Ministry of Health of the Republic of Armenia.

Best Pharmaceutical Companies in Armenia

Here’s a list of some of the best pharmaceutical companies in Armenia.

Alfa Pharm

Website: Visit

Phone: +374 60700500

Email: [email protected]

Address: 8, 2 Byron St, Yerevan 0009, Armenia

ALPEN PHARMA” AG, REPRESENTATIVE OFFICE IN ARMENIA

Address: Armenia, 0033, Yerevan Hrachya Kochari St., 4 Building, Office 400 (in “Barekamutyun” business center building)

Phone: +374-11-205031

Website: Visit

ARGO-PHARM” Co.Ltd

Address: Armenia, 0004, Yerevan Tsovakal Isakovi Ave., 50/3 Building

Phone: +374-11-744080/+374-10-744080

Fax: +374-10-749050

ARPIMED” PHARMACEUTICAL ENTERPRISE

Address: Armenia, 2204, Kotayk Marz, Abovyan 2nd Micro-District, 19 Building

Reception: +374-222-21740

General Director: +374-222-21703

Sales Department: +374-222-21725

Accounts Department: +374-222-21957

Fax: +374-222-21924

Website: Visit

ASTERIA” Limited Liability Company (LLC)

Address: Armenia, 0051, Yerevan Nairi Zaryan St., 72/3 Building

Phone: +374-11-519070/+374-11-268636/+374-10-548592

Fax: +374-10-567756

AVROMIC” Limited Liability Company (LLC)

Address: Armenia, 0005, Yerevan Artsakhi Ave., 23 Building, Area 26/1

Service Department: +374-44-431431(mobile)

Website: Visit

AZAD PHARMACEUTICALS” Limited Liability Company (LLC)

Address: Armenia, 2413, Kotayk Marz, Proshyan community Vanahovit District, 8 House (Nairi region)

Phone: +374-60-516112/+374-93-404062(mobile)

Website: Visit

DJRHAN AR” Limited Liability Company (LLC)

Address: Armenia, 0012, Yerevan Hovsep Emini St., 83 Building, №7 (Arabkir adm. district)

Phone: +374-93-567154(mobile)

Esculap Pharmacy

Website: Visit

Address: Esculap” LTD, Yerevan, 0054 Davidashen 1st Quarter, 17/2 the Republic of Armenia

E-mail: [email protected]

Tel: (374 11) 37-04-04

Fax: (374 11) 37-04-03

ESCO-PHARM” Limited Liability Company (LLC)

Address: Armenia, 0079, Yerevan Nor Nork 5th Micro-District, Artem Mikoyan St., 13 Building (Nor Nork adm. district)

Phone: +374-10-673903/+374-91-673903(mobile)

Website: Visit

FDA LABORATORY” Limited Liability Company (LLC)

Address: Armenia, 2239, Kotayk Marz, Nor Gyugh (Akunk community) 6th St., 1 Building (Abovyan region)

Customer Service: +374-96-350001(mobile)/+374-60-460076

Website: Visit

FIC MEDICAL” PHARMACEUTICAL COMPANY (FRANCE), REPRESENTATION IN ARMENIA

Address: Armenia, 0009, Yerevan Teryan St., 68a Building, Apt. 11 (Kentron adm. district)

Phone: +374-10-567755

GARNILINE” Limited Liability Company (LLC)

Address: Armenia, 0025, Yerevan Charentsi St., 42/13 Building (Kentron adm. district)

Phone: +374-10-572892/+374-11-582892/+374-99-911234(mobile)

Website: Visit

GEDEON RICHTER” PHARMACY CHAIN AND ONLINE PHARMACY Joint Venture, Limited Liability Company (LLC)

Address: Armenia, 0028, Yerevan Orbeli Yeghbayrneri St., 14 Building (Arabkir adm. district)

Phone: +374-96-019620(mobile)/+374-96-029620(mobile)

Website: Visit

GIGA FARM” Limited Liability Company (LLC)

Address: Armenia, 0047, Yerevan Norki Ayginer St., 193/1 Building (Nork-Marash adm. district)

Phone: +374-94-000264(mobile)/+374-94-000265(mobile)

Legal address: Armenia, Shirak Marz, Gyumri Goguntsi St, 3/5 Building

G SOFT” Limited Liability Company (LLC)

Address: Armenia, 0028, Yerevan Orbeli Yeghbayrneri St., 8 Building, Area 91 (Arabkir adm. district)

Phone: +374-43-610808(mobile) , +374-60-610808/+374-96-639394(mobile)

Website: Visit

INFOPHARM” INFO CENTER

Address: Armenia, Yerevan

Phone: +374-10-540888/+374-96-541888(mobile),+374-41-541888(mobile) ,

Website: Visit

INNOVA CLINIC” INNOVATION MEDICAL CENTER

Address: Armenia, 2207, Kotayk Marz, Abovyan Yerevanyan St., 1/24 Building (Abovyan region)

Phone: +374-60-380038/+374-95-380038(mobile)

Viber: +374-95-380038

IMMUNOPHARM” Limited Liability Company (LLC)

Address: Armenia, 0014, Yerevan Hrachya Nersisyan St., 10 Building, №1/3 (Kanaker-Zeytun adm. district)

Phone: +374-10-240840/+374-10-230840

Website: Visit

LAMBRON-PHARMIMPEX” Limited Liability

Address: Armenia, 0002, Yerevan Ghazar Parpetsu St., 22 Building, Structure 14 (Kentron adm. district)

Phone: +374-11-810000 8108,801

Fax: +374-11-810000,805

Website: Visit

LAZER.AM”

Address: Armenia, 0069, Yerevan Paruyr Sevaki St., 51 Building (Kanaker-Zeytun adm. district)

Phone: +374-94-870305(mobile), +374-99-870305(mobile)

Website: Visit

LEYKOALEX” Co.Ltd

Address: Armenia, 0048, Yerevan Fuchiki (Fucik) St., 27/14 Building (Ajapnyak adm. district)

Phone: +374-10-350303

Liqvor Pharmaceuticals

Website: Visit

Address: 7/9, Kochinyan Street, Yerevan 0089, RA

Phone: (+ 37460) 37 88 00

Email: [email protected]

MARG-PHARMACY” MEDICAL EQUIPMENT AND ACCESSORIES IMPORTATION COMPANY

Address: Armenia, 0069, Yerevan Droi St., 15 Building (Kanaker-Zeytun adm. district)

Phone: +374-11-246449/+374-60-656449

Website: Visit

MASTER PHARM” MEDICAL CENTER

Address: Armenia, 1107, Armavir Marz, Vagharshapat (Ejmiatsin) Spandaryan St., 0 Building, 1st Floor (in the territory of maternity hospital) (Ejmiatsin region)

Phone: +374-60-909090/+374-60-909090

Website: Visit

MEDICAL HORIZON” Co.Ltd

Address: Armenia, Ararat Marz, Masis Gortsaranain St., 22 Building (Masis region)

Factory: +374-93-080880(mobile),+374-236-43011

Website: Visit

“MOOSMANN PHARMACEUTICALS” Limited Liability Company (LLC)

Address: Armenia, 2413, Kotayk Marz, Proshyan community Vanahovit District, 8 House (near Ashtaraki highway) (Nairi region)

Phone: +374-60-524255

NARINE-comfort

Phone: 37410  569994

Address: 4, 2, 39 Vardanants St, Yerevan, Armenia

NoyMed

Website: Visit

Address: 46/1 2nd Block Davtashen Yerevan 0054, Armenia

Phone: +374.12.50.66.55 ext. 121

Email: [email protected]

RLpharma Distributions

Website: Visit

Address: Barrio Armenia Cr. 49 No. 30B – 46

Phone: +(57) 318 837 1830 – Cartagena

Email: [email protected]

Pharmastar LLC

Phone: +374 (96) 500-645

Email: [email protected]

Address: 70, 3 Dzorapi St, Yerevan 0015, Armenia

PharmaTech CJSC

Website: Visit

Address: 7, Baghramyan Ave. Yerevan 375019, RA

Tel/Fax: +37410 58-16-20

E-mail: [email protected]

“PHARM TRUST” Co.Ltd

Address: Armenia, 0014, Yerevan Mamikonyants St., 48 Building (Arabkir adm. district)

Pharmacy: +374-10-344201/+374-10-547727

Office: +374-10-203414/+374-10-203415

REO PHARM” Limited Liability Company (LLC)

Address: Armenia, Yerevan Nor Nork 7th Micro-District, Hunan Avetisyan St., 3/9 Building

Phone: +374-98-300361(mobile)

SAMARK” Co.Ltd

Address: Armenia, 0069, Yerevan Karapet Ulnetsu St., 58 Building

Director: +374-10-246162

Chief Accountant: +374-10-247550

Sapsan Pharmaceuticals

Phone: +374 10 52 90 01/+374 99 52 90 01

Email: [email protected]

Address: 90 Sarmen St, Yerevan 0019, Armenia

SGS INSPECTION SERVICES LIMITED JSC”, ARMENIAN BRANCH

Address: Armenia, 0002, Yerevan Tumanyan St., 35/11 Building, 3rd Floor

Phone: +374-11-374375/+374-11-374373

Website: Visit

THEOPHARMA” PHARMACY CHAIN

Address: Armenia, 0034, Yerevan Gusan Sherami St., 92/3 Building

Office: +374-10-725550/+374-10-720880/+374-93-990021 (Viber)

TONUS-LES” Limited Liability Company (LLC)

Address: Armenia, 0070, Yerevan Yervand Kochari St., 1 Building

Phone: +374-15-488888,503/+374-95-900462(mobile)

Fax: +374-10-200766

Website: Visit

“T-PHARMA”

Address: Armenia, 0089, Yerevan Kochinyan St., 13/16 Building

Service Department: +374-11-981000

Website: Visit

Frequently Asked Questions

What’s the production volume of the Armenian pharmaceutical sector?

In the last 10 years, the production volume of the Armenian pharmaceutical sector has grown from about $1 million in 2004 to $12 million in 2014, with an annual growth rate of about 20% over the past five years.

What’s the drug exports rate in Armenia?

Armenia’s pharmaceutical industry has developed into one of the most dynamic sectors of the economy in the last decade.

Drug exports accounted for 52% of production in 2013, while the average annual growth rate of exports since 2003 is more than 20%

Who are the Industry players?

• 18 Licensed manufacturers
• 25 Importers of pharmaceutical products /

wholesalers and 1,278 retailer

• 41 Retail with more than two pharmacies
• 47 representatives of foreign pharmaceutical companies

(21 countries established)

• 1702 pharmacies (2014), their turnover

USD 100 million (2013)

What’s the market size of the pharmaceutical sector?

• USD 12.9 million local pharmaceutical production ( 2013)
• USD 127.8 million imports (2013), of which ( USD 10.2 million are from CIS countries, USD 80.0 million from the EU, and USD 37.5 million from other countries )
• USD 7.8 million exports (2013), of which ( USD 4.5 million to the CIS countries and USD 3 million to other countries )

Who regulates the pharmaceutical sector in Armenia?

The pharmaceutical sector In Armenia is regulated by several laws aimed at ensuring safe, high-quality, and effective medicines.

The basic legal act regulating the pharmaceutical sector in Armenia is the Law “On Medicines”, adopted in 1998.

It regulates the manufacture, registration, quality control, export, import, and sale of pharmaceutical products.

Conclusion

As mentioned above, the pharmaceutical countries in Armenia have experienced sustained growth in recent years, driven by increased sales in the domestic market and exports, together with a significant increase in investments.

Several multinational companies (Astellas Pharma Europe BV, Eli Lilly, Gedeon Richter, GlaxoSmithKline, Hoffmann-La Roche, Les Laboratoires Serving, Novartis, Pfizer, Sanofi, and Takeda Pharmaceutical Company Limited) have representative offices in Armenia to manage imports and/or marketing and branding to carry out supervision.

Several pharmaceutical manufacturers have managed to attract foreign direct investment from private and institutional investors.

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