List of best Pharmaceutical companies in Florida 2022

Pharmaceutical companies in Florida have strong financial incentives to get their products on store shelves as soon as possible.

Nothing is more important to the success of a company than its workforce. Over 32,000 Floridians work in the biotechnology, pharmaceutical manufacturing, and medical device manufacturing industries in Florida.

Over the last decade, Florida has risen above the competition to become the new epicenter of life sciences innovation and industry growth.

Florida now has world-class biomedical research institutes, more than 1,000 biotech, pharmaceutical, and medical device firms; and more than 45,000 healthcare establishments are supported by the foundation. Biotechnology research and development pays an average annual salary of $81,686. The life sciences industry employs 25,000 people.

Innovations of the Pharmaceutical companies in Florida

  • Intezyne Technologies created a nanocarrier to deliver the chemotherapeutic drug doxorubicin to tumors, which can be further developed and commercialized6.
  • To develop new malaria drugs, the University of South Florida will investigate the genes essential for parasite development, from which drug discovery projects can be launched7.
  • Several new immunotherapeutic antibodies have been approved for use in the treatment of advanced-stage lung cancer at Moffitt Cancer Center. Though still in their early stages, these could be improved to become more effective treatments.

The majority of pharmaceutical companies’ R&D expenditures are made to discover therapeutically interesting molecules and prove their efficacy and safety through extensive human trials—i.e., to create knowledge that resembles what economists call a pure public good.

If there are no legal barriers to copying, once a drug has been proven to be safe and effective, another company may develop a generic equivalent by spending approximately a million dollars on production process methods and formulation and begin competing with the pioneering firm.

If such generic imitation became widespread and rapid, the surplus revenues that repay and make worthwhile pioneers’ initial R&D outlays would be severely eroded, undermining incentives to invest in research and product testing.

According to multiindustry surveys, pharmaceutical manufacturers place an unusually high value on the patent system, which effectively grants them 20 years of exclusive rights to their invention from the time a patent application is filed, as a means of recouping their R&D expenditures.

Pricing of Pharmaceuticals

Pharmaceutical prices in Florida have been rising at an alarming rate for the last decade. To date, no reforms that have been implemented have had a significant impact on cost reduction.

When compared to other high-income developed states, Floridians spend 30 percent to 190 percent more on prescription drugs and pay significantly more per capita for the same drugs (nearly twice as much).

According to a poll conducted by the Kaiser Family Foundation in February 2019, 80 percent of respondents (of all political affiliations) believe that pharmaceutical company profits are a major factor contributing to prescription drug prices.

Despite ongoing efforts, nothing has worked to effectively manage the rising costs of prescription drugs.

However, before the importation of prescription drugs can begin, the law requires the Secretary of the Federal Department of Health and Human Services (DHHS) to certify that the federal importation program will pose no additional risk to public health and safety while also saving significant money. Even though this law was passed more than fifteen (15) years ago, it has yet to be implemented.

Pharmaceutical Companies in Florida

Here’s a list of some of the pharmaceutical companies operating in Florida:

Actavis Laboratories Fl, Inc.

Address: 4955 Orange Dr Fort Lauderdale, FL, 33314-3902 United States

Phone: (954) 585-1400

Website: Click Here

Sales: $55.59 million

Year Started: 2002

Incorporated: 2002

Andrx Corporation

Address: 4955 Orange Dr Davie, FL, 33314-3902 United States

Phone: (954) 585-1400

Website: Click Here

Sales: $564.24 million

Year Started: 1992

Incorporated: 2000

Apotex Corp.

Address: 2400 N Commerce Pkwy Ste 400 Weston, FL, 33326-3253 United States

Phone: (954) 384-8007

Website: Click Here

Sales: $81.17 million

Year Started: 1992

Incorporated: 1992

Arnet Pharmaceutical Corporation

Address: 2525 Davie Rd Ste 330 Davie, FL, 33317-7403 United States

Phone: (954) 236-9053

Website: Click Here

Sales: $89.87 million

Year Started: 1972

Incorporated: 1993

Assistrx, Inc.

Address: 4700 Millenia Blvd Ste 500 Orlando, FL, 32839-6019 United States

Phone: (855) 421-4607

Website: Click Here

Sales: $55.10 million

Year Started: 2009

Aveva Drug Delivery Systems, Inc.

Address: 3250 Commerce Pkwy Miramar, FL, 33025-3907 United States

Phone: (954) 430-3340

Sales: $52.62 million

Year Started: 1991

Incorporated: 1991

Belcher Pharmaceuticals, LLC

Address: 6911 Bryan Dairy Rd Ste 210 Largo, FL, 33777-1641 United States

Phone: (727) 471-0850

Website: Click Here

Sales: $31.86 million

Year Started: 2010

Bpc Plasma, Inc.

Address: 901 W Yamato Rd Ste 101 Boca Raton, FL, 33431-4409 United States

Phone: (561) 569-3100

Website: Click Here

Sales: $106.93 million

Year Started: 2007

Incorporated: 2007

Bpi Labs, LLC

Address: 12393 Belcher Rd S Ste 450 Largo, FL, 33773-3097 United States

Phone: (727) 471-0850

Website: Click Here

Sales: $24.20 million

Year Started: 2012

Britvic North America LLC

Address: 360 NW 27TH St Miami, FL, 33127-4158 United States

Phone: (786) 641-5041

Website: Click Here

Sales: $26.14 million

Year Started: 2011

Camphor Technologies, Inc.

Address: 1584 Independence Blvd Sarasota, FL, 34234-2101 United States

Phone: (941) 360-0025

Website: Click Here

Sales: $23.11 million

Year Started: 1999

Incorporated: 2011

Catalyst Pharmaceuticals, Inc.

Address: 355 Alhambra Cir Ste 801 Coral Gables, FL, 33134-5075 United States

Phone: (305) 420-3200

Website: Click Here

Sales: $119.07 million

Sales Growth: 16.39%

Year Started: 2002

Incorporated: 2006

Central Florida Family Health Center, Inc.

Address: 4930 E Lake Mary Blvd Sanford, FL, 32771-5003 United States

Phone: (407) 322-8645

Website: Click Here

Sales: $23.41 million

Year Started: 1977

Incorporated: 1977

Corerx, Inc.

Address: 14205 Myerlake Cir Clearwater, FL, 33760-2824 United States

Phone: (727) 259-6950

Website: Click Here

Sales: $66.97 million

Year Started: 2006

Incorporated: 2006

Diabetic Care Rx, LLC

Address: 3890 Park Central Blvd N Pompano Beach, FL, 33064-2264 United States

Phone: (866) 348-0441

Website: Click Here

Sales: $27.27 million

Year Started: 2005

Doctors Scientific Organica, L.L.C.

Address: 1210 W 13TH St Riviera Beach, FL, 33404-6639 United States

Phone: (888) 455-9031

Sales: $25.88 million

Year Started: 2007

Enveric Biosciences, Inc.

Address: 4851 Tamiami Trl N Ste 200 Naples, FL, 34103-3098 United States

Phone: (239) 302-1707

Website: Click Here

Sales: $39.28 million

Year Started: 1994

Erba Diagnostics, Inc.

Address: 14100 NW 57TH Ct Miami Lakes, FL, 33014-3107 United States

Phone: (305) 324-2300

Website: Click Here

Sales: $32.56 million

Sales Growth: -6.6%

Year Started: 1980

Incorporated: 1999

Exactus Pharmacy Solutions, Inc.

Address: 8715 Henderson Rd Tampa, FL, 33634-1143 United States

Phone: (888) 314-3874

Sales: $30.36 million

Year Started: 2007

Exelan Pharmaceuticals Inc.

Address: 370 Camino Gardens Blvd Ste 204 Boca Raton, FL, 33432-5826 United States

Phone: (561) 287-6631

Website: Click Here

Sales: $120.60 million

Year Started: 2011

Incorporated: 2010

Ion Labs, Inc.

Address: 8031 114TH Ave Ste 4000 Largo, FL, 33773-5006 United States

Phone: (877) 990-4466

Website: Click Here

Sales: $100.34 million

Year Started: 1983

Incorporated: 1983

Innova Softgel LLC

Address: 14193 SW 119TH Ave Miami, FL, 33186-6013 United States

Phone: (855) 536-8872

Website: Click Here

Sales: $57.21 million

Year Started: 2015

Ivax Corporation

Address: 4400 Biscayne Blvd Miami, FL, 33137-3212 United States

Phone: (305) 329-3795

Sales: $390.83 million

Year Started: 1985

Kroger Specialty Pharmacy, Inc.

Address: 3200 Lake Emma Rd Unit 1000 Lake Mary, FL, 32746-3358 United States

Phone: (407) 936-2900

Website: Click Here

Sales: $122.99 million

Year Started: 2000

Incorporated: 2000

Natural Vitamins Laboratory Corporation

Address: 12845 NW 45TH Ave Opa Locka, FL, 33054-5119 United States

Phone: (305) 265-1660

Website: Click Here

Sales: $40.61 million

Year Started: 1995

Incorporated: 1995

Noven Pharmaceuticals, Inc.

Address: 11960 SW 144TH St Miami, FL, 33186-6109 United States

Phone: (305) 964-3393

Website: visit

Sales: $127.71 million

Year Started: 1987

Incorporated: 1987

One Bio, Corp.

Address: 19950 W Country Club Dr. Ste 100 Miami, FL, 33180-4602 United States

Phone: (305) 328-8662

Website: Click Here

Sales: $24.17 million

Sales Growth: 136.92%

Year Started: 2000

Incorporated: 2000

OPKO Health

Address: 4400 Biscayne Blvd Miami, FL, 33137-3212 United States

Phone: (305) 575-4100

Website: Click Here

Sales: $1.44 billion

Sales Growth: 59.15%

Year Started: 2007

Incorporated: 1991

Pegasus Laboratories, Inc.

Address: 8809 Ely St Pensacola, FL, 32514-7064 United States

Phone: (850) 478-2770

Website: Click Here

Sales: $24.78 million

Year Started: 1987

Incorporated: 1981

Pharmalink, Inc.

Address: 8285 Bryan Dairy Rd Ste 200 Largo, FL, 33777-1367 United States

Phone: (800) 257-3527

Website: Click Here

Sales: $25.38 million

Year Started: 2000

Incorporated: 1999

Parallel Florida, LLC

Address: 2203 N Lois Ave Ste M275 Tampa, FL, 33607-2698 United States

Phone: (404) 920-4890

Website: Click Here

Sales: $168.81 million

Year Started: 2015

Smart For Life, Inc.

Address: 990 Biscayne Blvd Ste 1203 Miami, FL, 33132-1559 United States

Phone: (786) 749-1221

Sales: $40.80 million

Year Started: 2017

Therapeuticsmd, Inc.

Address: 951 W Yamato Rd Ste 220 Boca Raton, FL, 33431-4440 United States

Phone: (561) 961-1900

Website: Click Here

Sales: $64.87 million

Sales Growth: 30.67%

Year Started: 2008

Incorporated: 2010

Triad Isotopes, Inc.

Address: 4205 Vineland Rd Ste L13 Orlando, FL, 32811-6601 United States

Phone: (407) 455-6700

Website: Click Here

Sales: $140.49 million

Year Started: 2006

Incorporated: 2006

Twinlab Consolidated Holdings Inc.

Address: 4800 T Rex Ave Ste 305 Boca Raton, FL, 33431-4479 United States

Phone: (561) 443-4301

Website: Click Here

Sales: $66.35 million

Year Started: 2013

Incorporated: 2013

Veru Inc.

Address: 48 NW 25TH St Ste 102 Miami, FL, 33127-4442 United States

Phone: (305) 509-6897

Website: Click Here

Sales: $61.26 million

Sales Growth: 43.83%

Year Started: 1971

Incorporated: 1971

Wellspring Pharmaceutical Corporation

Address: 5911 N Honore Ave Ste 211 Sarasota, FL, 34243-2612 United States

Phone: (941) 312-4727

Website: Click Here

Sales: $45.81 million

Year Started: 1999

Incorporated: 1999

West Pharmaceutical Services of Florida, Inc.

Address: 5111 Park St N Saint Petersburg, FL, 33709-1009 United States

Phone: (727) 546-2402

Website: Click Here

Sales: $80.26 million

Year Started: 1993

Incorporated: 1993

Xcelience Holdings, LLC

Address: 4910 Savarese Cir Tampa, FL, 33634-2403 United States

Phone: (813) 286-0404

Website: Click Here

Sales: $24.76 million

Year Started: 2006

Xymogen, Inc.

Address: 6900 Kingspointe Pkwy Orlando, FL, 32819-6544 United States

Phone: (407) 445-0203

Website: Click Here

Sales: $94.42 million

Year Started: 1979

Incorporated: 1990

Frequently Asked Questions about the pharmaceutical companies in Florida

How many pharmaceutical companies are in Florida?

The Florida biotech, pharmaceutical, and medical development scene are comprised of over 1,440 establishments, with a foundation of over 46,000 healthcare establishments.

What’s the rank of pharmaceutical companies in Florida?

The state provides these businesses and R&D centers with a wide range of industry expertise. Florida has the second-largest medical device manufacturing industry, the second-largest pharmaceutical manufacturing industry, and the fifth-largest biotech R&D industry in the country.

Who are the top players in the Florida healthcare system?

Johnson & Johnson, Bausch + Lomb, Bristol-Myers Squibb, Medtronic, Arthrex, and the Mayo Clinic are among the major players in the field that have already established themselves in Florida.

How much do Floridas universities invest in pharmaceuticals?

Florida universities invest more than $1 billion per year in pharmaceuticals and R&D. In Florida, there were 17,899 clinical trials as of October 2016.

Conclusion

The pharmaceutical companies in Florida represent a 30 billion dollar industry that is directly responsible for the production of more than 160 drug therapeutics and vaccines.

Furthermore, more than 370 biotechnology-derived drug products and vaccines are currently being tested in clinical trials around the world, targeting more than 200 diseases, including cancer, Alzheimer’s disease, heart disease, diabetes, multiple sclerosis, and acquired immunodeficiency syndrome (AIDS), and arthritis.

While the clinical utility of these products is widely acknowledged, a far greater number of biotechnology-derived drug products with therapeutic potential for life-altering diseases have failed in development.

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