The pharmaceutical companies in Greece have significant growth potential both in serving the domestic market and in expanding their reach beyond national borders, with a highly skilled workforce and established peripheral and manufacturing capabilities.
Greece’s pharmaceutical industry has developed rapidly, with new start-ups and spin-offs increasingly seeking international RandD collaborations to develop competitive technology-based products and services.
Renowned research institutes, research teams, and university research groups.
Overview of the Pharmaceutical Companies in Greece
In the pharmaceutical sector, the production of generic medicines has the potential to boost growth and gross value added, improve the efficiency of the Greek healthcare system and also boost exports and growth of the Greek pharmaceutical industry.
The international development of drug spending in recent years has made the importance of inexpensive alternatives to unpatented drugs, especially in the form of generics, clear.
This ongoing generic trend has spurred a global generic industry that has expanded through strategic acquisitions and developed extensive commercialization. and distribution networks around the world.
The Greek pharmaceutical sector has traditionally been a major contributor to the Greek economy and has mainly focused on local consumption; However, this shift towards generics can provide a great opportunity for the industry to capitalize on their knowledge and skills and focus on the Greek market first.
The pharmaceutical industry spends significant amounts on RandD, representing 8% of total private RandD spending in Greece, while in 2018, 2,506 independent clinical studies were carried out (1,434 completed). The role of the pharmaceutical industry in foreign trade, in general, is also significant, with pharmaceutical exports totaling 1.4 billion euros in 2018, which was 4.3% of all Greek exports in 2018.
Pharmaceutical Companies in Greece
Several pharmaceutical companies in Greece are already successfully competing in the international pharmaceutical markets with a heavy shift towards RandD, innovation, and marketing to become competitive.
Investments in the Greek life sciences sector over the next few years will be driven by the export potential of Greek generic manufacturers based on the expected growth of the European and Central and Eastern European markets and the advantages of competition and knowledge of Greek companies. Here is a list of some of the pharmaceutical companies operating in Greece:
- ABBOTT LABORATORIES (HELLAS) S.A.
Address: 63 Ag. Dimitriou 17456, Alimos Greece
Phone: +30-2109985222
Revenue: $64.60 million
Year Started: 1963
Director: John Konstantinos Vrettos
- ABBVIE PHARMACEUTICALS S.A.
Address: 41-45 M. Antypa 14121, Irakleio Greece
Phone: +30-2144165555
Revenue: $64.84 million
Year Started: 2012
Director: Paschalis Thomas Apostolidis
- ANFARM HELLAS S.A.
Address: 4 Achaias & Troizinias 14564, Kifissia Greece
Phone: +30-2106831632
Revenue: $38.76 million
Year Started: 1969
Director: Apostolos Pantelis Nicolaou
- ANGELINI PHARMA HELLAS SOLE SHAREHOLDER CO. S.A.
Director: Pierluigi Amerigo Antonelli
Address: Roupel & 4 Athinon – Lamias National Rd (17th km) 14564, Kifissia Greece
Phone: +30-2106269200
Revenue: $28.98 million
Year Started: 1997
- BENNETT PHARMACEUTICALS S.A.
Director: Nikolaos Kreon Boufidis
Address: 20 Ag. Kyriakis 14561, Kifissia Greece See other locations
Phone: +30-2106254630
Revenue: $25.70 million
Year Started: 2005
- BGP PHARMACEUTICAL PRODUCTS LTD
Address: 63 Ag. Dimitriou 17456, Alimos Greece
Phone: +30-2109891777
Website: Click Here
Revenue: $35.09 million
Year Started: 2014
Director: Jozef Jozef Belcik
- BOEHRINGER INGELHEIM HELLAS SINGLE MEMBER S.A.
Address: 340 Andr. Syngrou Ave 17673, Kallithea Greece
Phone: +30-2108906300
Website: visit here
Revenue: $858.99 million
Year Started: 1973
Director: Dimitrios Konstantinos Anagnostakis
- BRISTOL – MYERS SQUIBB S.A.
Address: 49-53 Attikis & 2 Propontidos, P.O. Box 63883 15235, Vrilissia Greece
Phone: +30-2106074300
Website: Visit
Revenue: $79.16 million
Year Started: 1951
Director: Elissavet Basil Prodromou
- COOPER PHARMACEUTICALS S.A.
Address: 64 Aristovoulos 11853, Athens Greece
Phone: +30-2103462969
Revenue: $38.93 million
Year Started: 1936
Director: George-Alexandr Sofoklis Garbolas
- DEMO S.A. PHARMACEUTICAL INDUSTRY
Address: Athinon – Lamias National Rd (21st km) 14568, Kryoneri Greece
Phone: +30-2108161802
Website: Visit
Revenue: $208.09 million
Year Started: 1973
Director: Stavros Dimitrios Demos
- DOC PHARMA SINGLE-MEMBER S.A.
Director: Ourania Konstantinos Matsouki
Address: 5 Ag. Georgiou 57001, Thermi Greece
Phone: +30-2313080720
Website: click here
Revenue: $19.62 million
Year Started: 2014
- ELPEN PHARMACEUTICAL CO. INC. S.A.
Address: 95 Marathonos Ave 19009, Pikermi Greece
Phone: +30-2106039326
Revenue: $126.94 million
Year Started: 1969
Director: Konstantinos Dimitrios
- FARAN S.A.
Address: 5 Achaias 14564, Kifissia Greece
Phone: +30-2106254175
Website: visit here
Revenue: $51.29 million
Year Started: 2007
Director: Marios-Panagiot Dimitrios Katsikas
- FREZYDERM S.A.
Address: 75 Menandrou 10437, Athens Greece
Phone: +30-2105246900
Website: visit here
Revenue: $52.12 million
Year Started: 1996
Director: John Anastassios Anastassiou
- GALENICA S.A.
Address: 4 Eleftherias 14564, Kifissia Greece
Phone: +30-2105281700
Revenue: $48.81 million
Year Started: 1972
Director: Nikolaos Dionyssios Varelas
- GAP S.A.
Director: Antonios George Papathanassiou
Address: 46 Agissilaou 17341, Agios Dimitrios Greece
Phone: +30-2109310980
Revenue: $30.79 million
Year Started: 1969
- GENEPHARM S.A.
Address: Marathon Ave (18th km) 15351, Pallini Greece
Phone: +30-2106039336
Website: visit here
Revenue: $67.81 million
Year Started: 1971
Director: Faisal Ghiath Sukhtian
- GEROLYMATOS INTERNATIONAL S.A.
Address: 13 Asklipiou 14568, Kryoneri Greece Phone: +30-2103500800
Website: Visit
Revenue: $41.89 million
Year Started: 1968
Director: Nikolaos Panagiotis Gerolymatos
- INNOVIS PHARMA S.A.
Address: 144 Marathonos Ave 15351, Pallini Greece
Phone: +30-2106664805
Website: Visit here
Revenue: $71.26 million
Year Started: 2007
Director: Thomas George Economou
- KORRES NATURAL PRODUCTS S.A.
Address: 3 Drossini & Tatoiou 14452, Metamorfosi Greece
Phone: +30-2107565800
Website: visit
Revenue: $64.52 million
Year Started: 1996
Director: Apostolos Nikolaos Korres
- LAVIPHARM S.A.
Director: Minas George Tanes
Address: Agias Marinas Street, P.O. Box 59 19002, Paiania Greece
Phone: +30-2106691000
Website: visit here
Revenue: $24.64 million
Year Started: 1975
- LEO PHARMACEUTICAL HELLAS SINGLE MEMBER S.A.
Address: Kimis Ave & 10 Seneka 14564, Kifissia Greece
Phone: +30-2122225000
Revenue: $47.14 million
Year Started: 1958
Director: Anders Ole Kronborg
- MEGA DISPOSABLES S.A.
Address: 148 Dekeleias 13678, Acharnes Greece
Phone: +30-2102419800
Website: click here
Revenue: $270.44 million
Year Started: 1980
Director: Constantinos John Vitouladitis
- NOVARTIS (HELLAS) S.A.C.I.
Address: Athinon – Lamias National Rd (12th km) 14451, Metamorfosi Greece
Phone: +30-2102811712
Website: Visit here
Revenue: $322.38 million
Year Started: 1967
Director: Susanne Maria Franz Kohout
- PHARMATHEN INTERNATIONAL S.A.
Address: 4 Dervenakion 15351, Pallini Greece
Phone: +30-2106604300
Website: click here
Revenue: $50.63 million
Year Started: 2006
Director: Dimitrios Nikolaos Kadis
- PFIZER HELLAS S.A.
Address: 243 Messogeion Ave 15451, Neo Psychiko Greece
Phone: +30-2106785800
Website: visit
Revenue: $255.16 million
Year Started: 1960
Director: Zachary John Ragousis
- PHARMATHEN S.A.
Address: 6 Dervenakion 15351, Pallini Greece
Phone: +30-2106604300
Revenue: $268.77 million
Year Started: 1969
Director: Dimitrios Nikolaos Kadis
- RAFARM S.A.
Address: 12 Korinthou 15451, Neo Psychiko Greece
Phone: +30-2106776550
Website: visit here
Revenue: $88.51 million
Year Started: 1976
Director: Nikolaos John Rassias
- REMEDINA S.A.
Director: Konstantinos George Pentafrangas
Address: 23 Gounari 13451, Kamatero Greece
Phone: +30-2102385552
Revenue: $32.33 million
Year Started: 1969
- SANOFI AVENTIS SINGLE MEMBER S.A.
Address: 348a Syngrou Ave 17674, Kallithea Greece
Phone: +30-2109001600
Revenue: $165.27 million
Year Started: 1962
Director: Lionel Jacques Bernard
- SEPTONA S.A.
Address: Thesi Lysia 32011, Oinofyta Greece
Phone: +30-2262031544
Website: Click Here
Revenue: $72.43 million
Year Started: 1975
Director: Constantina Thomas Evangeliou
- SERVIER HELLAS PHARMACEUTIQUE E.P.E.
Director: Ziad Matta
Address: 7 Frangoklissias 15125, Maroussi Greece
Phone: +30-2109391000
Revenue: $24.91 million
Year Started: 1977
- SPECIFAR S.A.
Address: 1 28th Octovriou 12351, Agia Varvara Greece
Phone: +30-2105401500
Website: visit here
Revenue: $67.05 million
Year Started: 1933
Director: Roberta Graziano Bonardi
- TSETI, IOULIA & EIRINI, S.A. “INTERMED”
Address: 27 Kalyftaki 14564, Kifissia Greece
Phone: +30-2106253905
Website: visit
Revenue: $40.30 million
Year Started: 1995
Director: Eirini Kleon Tseti
- UNI-PHARMA KLEON TSETIS PHARMACEUTICAL LABORATORIES SA
Address: 14th km National Rd 1 14564, Kifissia Greece
Phone: +30-2108072512
Website: click here
Revenue: $88.28 million
Year Started: 1991
- VIANEX S.A. PHARMACEUTICAL MANUFACTURERS
Address: Athinon – Lamias National Rd (18th km), P.O. Box 52894 14671, Nea Erythraia Greece
Phone: +30-2108009111
Website: visit
Revenue: $346.15 million
Year Started: 1971
Director: Dimitrios Pavlos Giannakopoulos
- VIOSER PARENTERAL SOLUTION INDUSTRY S.A.
Address: Trikalon – Larissas Rd (9th km), Taxiarches, Farkaona, P.O. Box 42100, Trikala Greece
Phone: +30-2431083441
Revenue: $37.09 million
Year Started: 1980
Director: Nikolaos John Koufopoulos
Conclusion
During the COVID19 pandemic, the Greek pharmaceutical industry has proven that it has a strong manufacturing base that helps ensure an ample supply of many essential medicines.
Industry officials claim that while many countries have been forced to suspend exports of medicines and medical supplies by closing their borders completely to meet their domestic needs, Greece has not experienced serious drug and raw material shortages.
A recent study shows that more than 3 million patients and policyholders in Greece had unhindered access to locally produced medicines.
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