The pharmaceutical companies in Colorado have shown tenacity in weathering the downturn and remaining committed to the R&D of new medicines.
This necessitates a massive, ongoing effort, investment in resources, scientific research, expertise, cutting-edge technologies, and abilities in project management.
It also necessitates dedication and long-term vision to incrementally build for the future, as science frequently does Today, new techniques and technologies are being developed, reimagining the research process, as well as the development of new treatments in the works for some of the world’s most severe diseases.
Pharmaceutical companies in Colorado have supported and will continue to support healthcare reforms that prioritize patients’ needs.
Key Objectives of The Pharmaceutical Companies in Colorado
The pharmaceutical companies in Colorado have provided access to health care for all their people; a commitment to health care quality; a greater emphasis on disease prevention; and continued medical progress through research advances. Through policy support, financial commitment, and scientific focus, the sector assisted Colorado in moving toward these critical goals in 2009.
As a result, the pharmaceutical industry remains an important partner in the advancement of the nation’s health care and economic progress.
Some of their key objectives include:
- Improving patient outcomes
- Energizing our city’s economic recovery
- Expanding access to health care
- Catalyzing continued progress through R&D
Important medical developments and products
- In the 1990s, Richard Schmit at the University of Colorado’s Anshutz Medical Campus developed Botox®-based treatments for a variety of urological conditions, including overactive bladder. CU has received $30 million in royalty payments as a result of this research.
- Colorado State University Distinguished Professor Dr. Ed Hoover, in collaboration with Harvard researchers, created a vaccine by molecular cloning a feline leukemia virus. This vaccine, marketed as Fel-O-Vax®, has been administered to millions of cats worldwide. Feline leukemia is now uncommon in pet cats as a result of vaccination.
- The vaccine for shingles was developed by Myron Levin, M.D., a professor of pediatrics and medicine at the University of Colorado Anschutz Medical Campus. Merck’s ZOSTAVAX® vaccine, which is sold under the brand name ZOSTAVAX®, was approved by the FDA in 2006.
- Ambrisentan, marketed in the United States under the brand name Letairis®, was approved by the FDA in 2007 and the EMEA in 2008 for the treatment of pulmonary arterial hypertension. When Gilead acquired Myogen, a company based in Westminster, Colorado, in 2006, Ambrisentan was the lead product candidate.
- PharmaJet Inc., based in Golden, Colorado, recently became the World Health Organization’s first and only needle-free injection company to receive Performance, Quality, and Safety (PQS) pre-qualified certification (WHO). The company’s Stratis® jet injectors can now be purchased and used for mass immunization campaigns. Thanks to this certification, WHO and UNICEF are conducting global surveys.
Pharmaceutical Companies in Colorado
Here’s a comprehensive list of pharmaceutical companies operating in Colorado:
AGC Biologics, Inc.
Address: 4000 Nelson Rd Longmont, CO, 80503-9004 United States
Phone: (425) 485-1900
Revenue: $3.27 million
Year Started: 2021
Arca Biopharma, Inc.
Address: 10170 Church Ranch Way Unit 100 Westminster, CO, 80021-6059 United States Phone: (720) 940-2200
Website: Visit
Revenue: $3.61 million
Assets: $50
Year Started: 1992
Incorporated: 2004
Archerdx, LLC
Address: 2477 55TH St Ste 202 Boulder, CO, 80301-5703 United States
Phone: (303) 357-9001
Website: Visit
Revenue: $9.41 million
Year Started: 2012
Array Biopharma Inc.
Address: 3200 Walnut St Boulder, CO, 80301-2514 United States
Phone: (303) 381-6600
Website: Visit
Revenue: $173.77 million
Sales Growth: 15.19%
Year Started: 1998
Incorporated: 1998
Aytu Biopharma, Inc.
Address: 373 Inverness Pkwy Ste 206 Englewood, CO, 80112-5898 United States
Phone: (720) 437-6580
Website: Visit
Revenue: $65.63 million
Sales Growth: 137.52%
Year Started: 2002
Incorporated: 2015
Balanced Health Botanicals, LLC
Address: 1720 S Bellaire St PH Denver, CO, 80222-4324 United States
Phone: (970) 215-7915
Website: Visit
Revenue: $39.91 million
Year Started: 2016
Charlotte’s Web, Inc.
Address: 1801 California St Ste 4800 Denver, CO, 80202-2666 United States
Phone: (720) 744-0181
Website: Visit
Revenue: $95.23 million
Year Started: 2018
Clovis Oncology, Inc.
Address: 5500 Flatiron Pkwy Unit 100 Boulder, CO, 80301-2834 United States
Phone: (303) 625-5000
Website: Visit
Revenue: $148.76 million
Sales Growth: 15.05%
Year Started: 2009
Incorporated: 2009
Clvm LLC
Address: 6598 Buttercup Dr. Unit 4 Wellington, CO, 80549-2289 United States
Phone: (970) 825-5173
Revenue: $5.00 million
Year Started: 2015
Colorado Serum Company
Address: 4950 York St Denver, CO, 80216-2246 United States
Phone: (303) 295-7527
Website: Visit
Revenue: $24.60 million
Year Started: 1923
Incorporated: 1923
Corden Pharma Colorado, Inc.
Address: 2075 55TH St Boulder, CO, 80301-2803 United States
Phone: (303) 442-1926
Revenue: $110.00 million
Year Started: 1946
Incorporated: 1971
Corgenix Medical Corporation
Address: 11575 Main St Unit 400 Broomfield, CO, 80020-2782 United States
Phone: (303) 457-4345
Website: Visit
Revenue: $17.54 million
Year Started: 1999
Dropworks, Inc.
Address: 2560 55TH St Ste 100 Boulder, CO, 80301-5805 United States
Phone: (720) 815-5301
Website: Visit
Revenue: $7.78 million
Year Started: 2016
Evg Extracts LLC
Address: 35715 US Hwy 40 Ste D-202 Evergreen, CO, 80439 United States
Phone: (833) 235-8223
Website: Visit
Revenue: $10.00 million
Year Started: 2016
Extractiontek Sales LLC
Address: 4975 Miller St Unit A Wheat Ridge, CO, 80033-2210 United States
Phone: (720) 515-9254
Website: Visit
Revenue: $4.32 million
Year Started: 2012
Extract Labs, LLC
Address: 1399 Horizon Ave Lafayette, CO, 80026-9304 United States
Phone: (303) 927-6130
Website: Visit
Revenue: $5.08 million
Year Started: 2017
Globeimmune, Inc.
Address: 1450 Infinite Dr. Louisville, CO, 80027-9440 United States
Phone: (303) 625-2700
Revenue: $4.07 million
Sales Growth: 8.24%
Year Started: 1995
Incorporated: 2002
Heritage Health Products Company
Address: 453 Industrial Dr. Unit A Fort Collins, CO, 80524-4790 United States
Phone: (970) 484-7120
Revenue: $6.77 million
Year Started: 1993
Incorporated: 1993
Heska Corporation
Address: 3760 Rocky Mountain Ave Loveland, CO, 80538-7084 United States
Phone: (970) 493-7272
Website: Visit
Revenue: $253.74 million
Sales Growth: 60.87%
Year Started: 1988
Incorporated: 1997
Innovus Pharmaceuticals, Inc.
Address: 373 Inverness Pkwy Ste 206 Englewood, CO, 80112-5898 United States
Phone: (858) 964-5123
Website: Visit
Revenue: $23.99 million
Year Started: 1959
Incorporated: 2007
Kbi Biopharma Boulder, LLC
Address: 2500 Central Ave Boulder, CO, 80301-2864 United States
Phone: (303) 339-5600
Website: Visit
Revenue: $19.06 million
Year Started: 2014
Levo Oil Infusion LLC
Address: 4021 W 30TH Ave Denver, CO, 80212-1405 United States
Phone: (720) 507-5235
Website: Visit
Revenue: $4.19 million
Year Started: 2016
Liquidyne Process Technologies, Inc.
Address: 11925 I 70 Frontage Rd N Ste 700 Wheat Ridge, CO, 80033-7128 United States
Phone: (303) 205-9050
Website: Visit
Revenue: $4.80 million
Year Started: 1993
Incorporated: 2001
Medicine Man Technologies, Inc.
Address: 4880 Havana St Ste 201 Denver, CO, 80239-2408 United States
Phone: (303) 371-0387
Website: click here
Revenue: $24.00 million
Sales Growth: 126.03%
Year Started: 2014
Incorporated: 2014
Molecular Products Inc.
Address: 633 Ctc Blvd Ste 200 Louisville, CO, 80027-3149 United States
Phone: (303) 666-4400
Website: Visit
Revenue: $25.59 million
Year Started: 1996
Incorporated: 1996
Mountain Sleep Diagnostics Incorporated
Address: 191 Telluride St Unit 5 Brighton, CO, 80601-4356 United States
Phone: (303) 396-2992
Website: Visit
Revenue: $3.14 million
Year Started: 2011
Incorporated: 2011
Myaderm Inc
Address: 88 Inverness Cir E Unit A101 Englewood, CO, 80112-5504 United States
Phone: (303) 927-7264
Website: Visit
Revenue: $5.01 million
Year Started: 2017
Panacea Life Sciences Holdings, Inc.
Address: 5910 S University Blvd C18-193 Greenwood Village, CO, 80121-2879 United States
Phone: (800) 985-0515
Website: Visit
Revenue: $9.02 million
Sales Growth: 499.11%
Year Started: 2008
Incorporated: 2008
Pantheryx, Inc.
Address: 4845 Pearl East Cir Ste 101 Boulder, CO, 80301-6113 United States
Phone: (303) 951-6883
Website: Visit
Revenue: $80.59 million
Year Started: 2007
Incorporated: 2007
Performix LLC
Address: 2255 Sheridan Blvd Unit C108 Edgewater, CO, 80214-1313 United States
Phone: (303) 468-4215
Website: click here
Revenue: $7.04 million
Year Started: 2014
Pure Harvest Hemp, Inc.
Address: 7400 E Crestline Cir Ste 130 Greenwood Village, CO, 80111-3655 United States Phone: (800) 560-5148
Revenue: $9.88 million
Year Started: 2019
Incorporated: 2019
Red Ace LLC
Address: 1942 Broadway Ste 314 Boulder, CO, 80302-5233 United States
Phone: (303) 209-3745
Website: Visit
Revenue: $8.92 million
Year Started: 2011
Silvergate Pharmaceuticals, Inc.
Address: 6251 Greenwood Plaza Blvd Ste 101 Greenwood Village, CO, 80111-4808 United States
Phone: (855) 379-0382
Website: Visit
Revenue: $12.47 million
Year Started: 2012
Incorporated: 2010
Sonex Labs LLC
Address: 1331 Red Cedar Cir Ste 104 Fort Collins, CO, 80524-2187 United States
Phone: (303) 994-0734
Website: Visit
Revenue: $20.00 million
Year Started: 2019
Staq Pharma, Inc
Address: 14135 E 42ND Ave Ste 50 Denver, CO, 80239-5214 United States
Phone: (720) 961-2759
Website: click here
Revenue: $10.91 million
Year Started: 2018
Incorporated: 2010
St. Renatus, LLC
Address: 1000 Centre Ave Ste 120 Fort Collins, CO, 80526-2107 United States
Phone: (970) 282-0156
Website: Visit
Revenue: $3.59 million
Year Started: 2008
Tolmar Holding, Inc.
Address: 701 Centre Ave Fort Collins, CO, 80526-1843 United States
Phone: (970) 212-4500
Revenue: $225.91 million
Year Started: 2009
Incorporated: 2009
United Cannabis Corporation
Address: 14143 Denver West Pkwy Ste 100 Lakewood, CO, 80401-3275 United States
Phone: (303) 386-7321
Revenue: $7.24 million
Sales Growth: 1,899.49%
Year Started: 2007
Incorporated: 2014
Ventria Bioscience Inc.
Address: 320 E Vine Dr Ste 131 Fort Collins, CO, 80524-2313 United States
Phone: (800) 916-8311
Website: Visit
Revenue: $5.81 million
Year Started: 2013
Incorporated: 1993
Zila, Inc.
Address: 701 Centre Ave Fort Collins, CO, 80526-1843 United States
Phone: (970) 212-4500
Revenue: $104.88 million
Year Started: 1993
Incorporated: 1993
Frequently Asked Questions on the pharmaceutical companies in Colorado
- How much is spent on pharmaceutical research each year in Colorado?
Over $500 million is spent in bio-related sponsored research funding each year.
- How many FDA-approved drugs have been developed in Colorado?
CU has developed 4 FDA-approved drugs, including Kineret, Macugen, Zostavax, and Botox (use). CU(Colorado University) faculty are testing new drugs in clinical trials.
- How many pharmaceutical companies are in Colorado?
Since 1994, over 80 pharmaceutical companies are operating in Colorado. Colorado is currently licensed to 155 bioindustry partners.
- What is the pharmaceutical regulatory body in Colorado?
The Colorado State Board of Pharmacy is in charge of regulating pharmacists, pharmacy interns, pharmacy technicians, in-state and nonresident pharmacies, in-state and out-of-state prescription drug wholesalers, satellite pharmacies, specialized prescription drug outlets, other outlets, and limited licenses.
Conclusion
The pharmaceutical companies in Colorado play a critical role. It is a major source of R&D investment and high-paying jobs, and it has made a significant contribution to overall health and well-being through the continuous flow of new and innovative drugs for the treatment of all types of human illnesses.
Nonetheless, few Colorado economies have more stringent regulations than the pharmaceutical industry. Regulation influences every stage of a pharmaceutical product’s life cycle, from initial conception to marketing approval, commercialization, patent expiration, and generic competition.
The effect of health insurance and the mechanisms established by health insurers to control pharmaceutical demand, in particular, have a significant impact on the nature of competition in the pharmaceutical marketplace.
Formulary use, drug utilization review procedures, prescribing guidelines, and price controls are examples of these mechanisms.
Their effectiveness varies depending on the insurer. Contracting out for these pharmacy benefit management services could improve the quality of these mechanisms and the effectiveness of overall drug spending.
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Chibueze Uchegbu is a certified medical physiologist with a great passion for healthy living.
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