List of pharmaceutical companies in Arizona 2022

The pharmaceutical companies in Arizona develop a variety of new drugs that provide valuable medical benefits each year.

Many of these drugs are expensive, contributing to rising healthcare costs in both the private and public sectors.

The Arizona Policymakers have thought about policies aimed at lowering drug prices and reducing federal spending expenditures on drugs.

Such policies would almost certainly reduce the pharmaceutical companies in Arizona’s incentive to develop new drugs.

Challenges faced in the pharmaceutical sector in Arizona

The pharmaceutical industry in Arizona has recently come under fire from federal investigators, the general public.

Overdose deaths involving prescription pills quadrupled between 1999 and 2014. According to the Centers for Disease Control and Prevention, over 165,000 people died from an opioid overdose during those 15 years.

The big pharmaceutical companies in Arizona wield power in a variety of ways. They spend billions of dollars to market their products to doctors.

They spend millions of dollars lobbying Congress and state legislators to gain favor with policymakers. They also flood television and magazines with direct-to-consumer advertisements to sell their drugs.

The tactics were successful in terms of prescription pain medication. Insys Inc., based in Chandler, which manufactures and markets the fentanyl spray Subsys, is under investigation by three state attorneys general, including Arizona Attorney General Mark Brnovich.

According to the Arizona State Board of Pharmacy via the Drug Enforcement Administration, prescriptions for opioid painkillers increased to 7.5 million in 2015 from 5.1 million in 2014. Medicine marketing is legal, but companies can cross the line.

Several of the investigations involve employees and health care professionals who have been accused of violating the federal Anti-Kickback Statute.

According to BCC Research, the global market for pain management pharmaceuticals is expected to reach $40.4 billion in revenue by 2020.

It is also expected to grow – or at least remain constant – as a result of an aging population, an increase in cancer and chronic pain patients, and medical advances that allow people to live longer lives.

What Factors Influence R&D Spending in Arizona?

The decisions of pharmaceutical companies in Arizona regarding R&D spending are influenced by three major factors:

  • Expected lifetime global revenues from a new drug;
  • Costs of developing a new drug; and
  • Policies and programs that influence the supply and demand for prescription drugs.

Companies’ expectations about a drug’s revenue stream are informed by a variety of factors, including the anticipated prices it could command in various markets around the world and the expected global sales volume at those prices (given the number of people who might use the drug).

Existing drug prices and sales volumes provide information about consumers’ and insurance companies’ willingness to pay for drug treatments.

Importantly, when drug companies set a new drug’s price, they do so to maximize future revenues after deducting manufacturing and distribution costs.

Pharmaceutical companies in Arizona

Here is a list of some of the pharmaceutical companies in Arizona:

4front Ventures Inc corporate family

Address: 5060 N 40TH St Ste 120 Phoenix, AZ, 85018-2140 United States

Phone: (312) 593-3311

Website: Visit here

Revenue: $57.63 million

Year Started: 2015

Accelerate Diagnostics

Address: 3950 S Country Club Rd Ste 470 Tucson, AZ, 85714-2240 United States

Phone: (520) 365-3100

Website: Visit here

Revenue: $11.78 million

Sales Growth: 20.09%

Year Started: 1982

Incorporated: 2012

Andrew Arthur Medical Inc

Address: 8350 E Raintree Dr. Ste 101 Scottsdale, AZ, 85260-2691 United States

Phone: (480) 385-4700

Website: Visit here

Revenue: $2.19 million

Year Started: 2003

Incorporated: 2003

Anumed International LLC

Address: 3908 E Broadway Rd Ste 110 Phoenix, AZ, 85040-2995 United States

Phone: (480) 921-3880

Website: Visit here

Revenue: $1.40 million

Year Started: 2009

Atlas Pharmaceuticals, L.L.C.

Address: 711 E Carefree Hwy Ste 207 Phoenix, AZ, 85085-0109 United States

Phone: (623) 445-6540

Website: Visit here

Revenue: $9.73 million

Year Started: 2016

Benuvia Therapeutics LLC

Address: 444 S Ellis St Chandler, AZ, 85224-1038 United States

Phone: (480) 581-1385

Website: Visit here

Revenue: $4.43 million

Year Started: 2019

Biocare, Inc.

Address: 2826 S Potter Dr. Tempe, AZ, 85282-3144 United States

Phone: (602) 850-6221

Website: Visit here

Revenue: $15.71 million

Year Started: 2016

Incorporated: 2016

Biomin Industries, Inc.

Address: 119 S River Dr. Tempe, AZ, 85281-3010 United States

Phone: (480) 968-5934

Website: Visit here

Revenue: $6.89 million

Year Started: 1977

Incorporated: 1979

Bms Medical Management Inc

Address: 625 S 5TH St Phoenix, AZ, 85004-2624 United States

Phone: (800) 478-2778

Website: Visit here

Revenue: $619,147

Year Started: 2018

Cancer Prevention Pharmaceuticals, Inc.

Address: 1760 E River Rd Ste 250 Tucson, AZ, 85718-5965 United States

Phone: (520) 908-7774

Website: Visit here

Revenue: $3.71 million

Year Started: 2008

Incorporated: 2009

CP Skin Health Group, Inc.

Address: 6210 E Thomas Rd Ste 200 Scottsdale, AZ, 85251-7095 United States

Phone: (480) 946-7221

Website: Visit here

Revenue: $300.00 million

Year Started: 1988

Dreambrands, Inc.

Address: 7466 E Monte Cristo Ave Ste 100 Scottsdale, AZ, 85260-1220 United States

Phone: (602) 354-7640

Website: Visit here

Revenue: $2.82 million

Year Started: 2004

Incorporated: 2004

Enemeez, LLC

Address: 1406 W Victory Ln Phoenix, AZ, 85027-1309 United States

Phone: (602) 276-3434

Website: Visit here

Revenue: $1.52 million

Year Started: 2005

Incorporated: 2005

Environmental Pharmaceuticals LLC

Address: 7326 E Evans Rd Ste B Scottsdale, AZ, 85260-3136 United States

Phone: (480) 659-9611

Website: Visit here

Revenue: $1.43 million

Year Started: 2009

Fusion Formulations, L.L.C.

Address: 1430 W Auto Dr. Ste 109 Tempe, AZ, 85284-1034 United States

Phone: (602) 680-1650

Website: Visit here

Revenue: $3.79 million

Year Started: 2007

Gateway Anesthesia Associates, P.L.L.C.

Address: 4838 E Baseline Rd Ste 108 Mesa, AZ, 85206-4672 United States

Phone: (480) 981-2400

Website: Visit here

Revenue: $5.58 million

Year Started: 2007

Good Health Manufacturing, Inc.

Address: 6888 W Frye Rd Chandler, AZ, 85226-3340 United States

Phone: (480) 656-6568

Website: Visit here

Revenue: $9.99 million

Year Started: 2001

Incorporated: 2001

Harvest, Inc.

Address: 1155 W Rio Salado Pkwy Ste 201 Tempe, AZ, 85281-2830 United States

Phone: (480) 494-2261

Website: Visit here

Revenue: $8.80 million

Year Started: 2015

Healthy Solutions, LLC

Address: 7812 E Acoma Dr. Ste 4 Scottsdale, AZ, 85260-6987 United States

Phone: (800) 391-3221

Website: Visit here

Revenue: $9.52 million

Year Started: 2006

Herbal Brands, Inc.

Address: 1430 W Auto Dr. Ste 101 Tempe, AZ, 85284-1034 United States

Phone: (602) 680-1600

Website: Visit here

Revenue: $6.36 million

Year Started: 2019

Hub Pharmaceuticals, LLC

Address: 6617 N Scottsdale Rd Ste 204 Scottsdale, AZ, 85250-7803 United States

Phone: (888) 393-3767

Website: Visit here

Revenue: $2.19 million

Year Started: 2005

Humabiologics, LLC

Address: 275 N Gateway Dr. Phoenix, AZ, 85034-1700 United States

Phone: (602) 278-8289

Website: Visit here

Revenue: $1.70 million

Year Started: 2018

Isagenix International, LLC

Address: 155 E Rivulon Blvd Gilbert, AZ, 85297-0002 United States

Phone: (480) 889-5747

Website: Visit here

Revenue: $140.90 million

Year Started: 2002

Journey Medical Corporation

Address: 9237 E Via De Ventura Ste 105 Scottsdale, AZ, 85258-3329 United States

Phone: (480) 434-6670

Website: Visit here

Revenue: $44.53 million

Year Started: 2014

Incorporated: 2013

Lifetree Manufacturing LLC

Address: 2401 W 1ST St Tempe, AZ, 85281-2329 United States

Phone: (480) 477-9075

Website: Visit here

Revenue: $3.73 million

Year Started: 2013

Medavail Holdings, Inc.

Address: 2196 E Camelback Rd Ste 200 Phoenix, AZ, 85016-4751 United States

Phone: (973) 509-0444

Website: Visit here

Revenue: $13.97 million

Sales Growth: 186.67%

Year Started: 2007

Incorporated: 2007

Naturally Nutraceuticals, Inc.

Address: 4404 E Elwood St Phoenix, AZ, 85040-1909 United States

Phone: (480) 991-0200

Revenue: $20.99 million

Year Started: 1948

Incorporated: 1992

Norcimbus F. Crawford IV, Inc.

Address: 3451 E Harbour Dr. Phoenix, AZ, 85034-7289 United States

Phone: (602) 437-8500

Website: Visit here

Revenue: $2.51 million

Year Started: 2002

Nutritional Holdings, Inc.

Address: 210 S Beck Ave Chandler, AZ, 85226-3311 United States

Phone: (480) 966-9630

Website: Visit here

Revenue: $103.64 million

Year Started: 1996

Incorporated: 1996

Olympian Labs, Inc.

Address: 16641 N 91ST St Ste 101 Scottsdale, AZ, 85260-1550 United States

Phone: (480) 483-2302

Website: Visit here

Revenue: $8.69 million

Year Started: 1992

Incorporated: 1992

Optum Pharmacy 801, Inc.

Address: 23620 N 20TH Dr. Ste 12 Phoenix, AZ, 85085-0621 United States

Phone: (623) 742-1700

Website: Visit here

Revenue: $20.00 million

Year Started: 2006

Incorporated: 2006

Pinnacle Transplant Technologies LLC

Address: 1125 W Pinnacle Peak Rd Bldg 2 Phoenix, AZ, 85027-1401 United States

Phone: (623) 277-5400

Website: Visit here

Revenue: $3.55 million

Year Started: 2010

Preventics, Inc.

Address: 15344 N 83RD Way Ste 101 Scottsdale, AZ, 85260-2594 United States

Phone: (480) 991-4033

Website: Visit here

Revenue: $1.44 million

Year Started: 1986

Incorporated: 1987

Prugen, Inc.

Address: 17250 N Hartford Dr. Scottsdale, AZ, 85255-5432 United States

Phone: (480) 585-0122

Website: Visit here

Revenue: $1.86 million

Year Started: 2006

RLC Labs, Inc

Address: 27626 N 44TH St Cave Creek, AZ, 85331-6622 United States

Phone: (877) 797-7997

Revenue: $10.68 million

Year Started: 2010

Incorporated: 2005

Tgen Drug Development

Address: 13208 E Shea Blvd Ste 100 Scottsdale, AZ, 85259-5454 United States

Phone: (602) 358-8322

Website: Visit here

Revenue: $1.96 million

Year Started: 2008

Tri Medica International Inc

Address: 1895 S Los Feliz Dr. Tempe, AZ, 85281-6023 United States

Phone: (480) 998-1041

Website: Visit here

Revenue: $10.99 million

Year Started: 1985

Twenty-First Century Healthcare, Inc.

Address: 443 W Alameda Dr. Ste 125 Tempe, AZ, 85282-2076 United States

Phone: (480) 966-8201

Website: Visit here

Revenue: $39.95 million

Year Started: 1993

Incorporated: 1993

World Nutrition, Inc.

Address: 15207 N 75TH St Ste 107 Scottsdale, AZ, 85260-2445 United States

Phone: (480) 921-1188

Website: Visit here

Revenue: $3.04 million

Year Started: 2000

Incorporated: 2000

Faqs about the pharmaceutical companies in Arizona

How did the increased cost of pharmaceuticals in Arizona affect the citizens?

In 2017, 26 percent of Arizona residents reported that they had stopped taking a prescribed medication due to cost.

According to polls, 80 percent of Arizona voters are concerned about the cost of prescription drugs, with half saying they are “extremely concerned.”

What’s the average cost of pharmaceuticals in Arizona?

Between 2012 and 2017, the annual average cost of prescription drug treatment in Arizona increased nearly 58 percent, adding up to $1,000 to the cost of some brand-name medications.

Who is responsible for regulating pharmaceutical companies in Arizona?

The Arizona State Board of Pharmacy is responsible for regulating pharmaceutical companies in Arizona and safeguarding the health, safety, and well-being of Arizona residents.

How much have pharmaceutical companies in Arizona spent on R&D?

The pharmaceutical industry spent over $80 million on research and development in 2019. That amount, when adjusted for inflation, is roughly ten times what the industry spent per year in the 1980s.

What’s the rate of new drugs approved in Arizona over the years?

Between 2010 and 2019, the number of new drugs approved for sale increased by 60% compared to the previous decade, reaching a high of 59 in 2018.

Conclusion

In 2019, the pharmaceutical companies in Arizona spent a lot of money on R&D. These costs were incurred for a variety of activities, including the discovery and testing of new drugs, the development of incremental innovations such as product extensions, and clinical testing for safety monitoring or marketing.

The percentage of revenue that pharmaceutical companies in Arizona devote to R&D has also increased:

In 2019, pharmaceutical companies in Arizona spent roughly one-quarter of their revenues (net of expenses and buyer rebates) on R&D expenses, which is near twice as much as they spent in 2000.

This revenue share exceeds that of other knowledge-based industries such as semiconductors, technology hardware, and software.

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