The pharmaceutical companies in Georgia are strong at all stages, from research and development to manufacturing and distribution.
In Georgia, over 2,200 clinical trials are recruiting or are in progress. From 2014 to 2016, the number of establishments producing Drugs and Pharmaceuticals in Georgia increased by 17 percent, outpacing the rate of growth in the United States.
From 2014 to 2017, 547 patents for drugs and pharmaceuticals were granted to Georgia applicants.
Pharmaceutical companies in Georgia contribute to public health. These pharmaceutical companies manufacture medications used throughout the United States in Georgia using imported ingredients.
This includes additional processing of the material, packaging, warehousing, and shipping. Throughout the process, their participation in the United States foreign-trade zone program reduces the cost of producing drugs through duty deferral and reduction benefits.
Pharmaceutical companies in Georgia and other businesses can receive the merchandise they require as frequently as they require with the certainty of cost and defer duty payments until their finished products enter U.S. commerce.
Furthermore, if the finished product entering commerce is subject to a lower duty rate than the merchandise used in the manufacturing process, a company participating in the program may be able to reduce its duty payment to a lower rate.
Growth of the pharmaceutical companies in Georgia
From 2010 to 2015, the number of wholesalers, retailers, and manufacturers of pharmaceutical products fluctuated; the number increased and decreased over the year, but the range of change was insignificant in either direction.
From 2010 to 2015, the number of pharmaceutical wholesalers, retailers, and manufacturers increased insignificantly (by 4 and 46, respectively).
As a result, 71 pharmaceutical product manufacturers and 1,055 retailers were active in 2015. In terms of wholesaler producers, their numbers have increased significantly since 2010. (increased by 130 and totaled 302).
The pharmaceutical industry in Georgia is one of the state’s largest private employers. In 2014, the retail and wholesale sectors employed 13,349 people.
Throughout 2010-2014, the number of employed people in the pharmaceutical product retailer sector fluctuated; the numbers decreased and increased, and in 2014, the number decreased by 459.
In the retail sector, there has been an upward trend; the number of employed people increased by 245 to a total of 5,688 in 2014 compared to 2010. When it comes to the difference between these two types of businesses, the number of employed people per type has been equal, and in 2014, the number of employed people in retail only outnumbered the number of employed people in wholesale by 1.3 times.
In 2014, the annual turnover of pharmaceutical wholesalers and retailers was close to two billion Lari. More specifically, there has been an increase in the annual turnover of wholesalers; in 2014, the turnover increased by 533 million lari compared to 2010. In terms of retailer turnovers, the trend has been fluctuating but overall has been increasing, with a 130 million increase in 2014 compared to 2010. In 2014 (the most recent data), the net income of pharmaceutical companies was close to 190 million lari.
More specifically, there has been an increase in wholesalers’ net income, which increased by 58 million lari in 2014 compared to 2010. In terms of retailers, the trend was fluctuating, and it increased by 9 million lari in 2014.
Pharmaceutical companies in Georgia
Here’s a list of some of the pharmaceutical companies operating in Georgia:
1st America Prescription Drugs, Inc.
Address: 212 Northside Dr. Valdosta, GA, 31602-1858 United States
Phone: (229) 242-3060
Website: Click here
Revenue: $3.18 million
Year Started: 1988
Incorporated: 1985
Abbott Ventures Inc.
Address: 115 River North Dr Atlanta, GA, 30328-1111 United States
Phone: (404) 558-1448
Website: Click here
Revenue: $3.29 million
Year Started: 2018
Incorporated: 2013
Amazing Organics LLC
Address: 3037 Summer Oak Pl Buford, GA, 30518-0401 United States
Phone: (770) 982-4780
Website: Click here
Revenue: $1.42 million
Year Started: 2015
Apotheca, Inc.
Address: 4321 Browns Bridge Rd Gainesville, GA, 30504-5333 United States
Phone: (800) 736-3130
Website: Click here
Revenue: $2.34 million
Year Started: 2016
Incorporated: 2016
Atlantic Pharmaceuticals, Inc.
Address: 1 Glenlake Pkwy Ste 700 Atlanta, GA, 30328-3496 United States
Phone: (404) 994-5180
Website: Click here
Revenue: $2.00 million
Year Started: 2003
Incorporated: 2003
Augusta Elanco Technology Center
Address: 1788 Lovers Ln Augusta, GA, 30901-1869 United States
Phone: (706) 303-6300
Website: Click here
Revenue: $1.34 million
Year Started: 2008
Boston Biopharma, Inc.
Address: 2300 Lakeview Pkwy Ste 700 Alpharetta, GA, 30009-9066 United States
Phone: (508) 219-0200
Website: Click here
Revenue: $1.19 million
Year Started: 2012
Brace Pharmaceuticals, Inc.
Address: 55 Ivan Allen Jr Blvd NW Ste 525 Atlanta, GA, 30308-3053 United States
Phone: (240) 403-7153
Website: Click here
Revenue: $2.59 million
Year Started: 2012
Incorporated: 2012
Catalyst Nutraceuticals, LLC
Address: 1720 Peachtree Industrial Blvd Ste A Buford, GA, 30518-2857 United States
Phone: (470) 839-8791
Website: Click here
Revenue: $1.91 million
Year Started: 2015
Century Systems, Inc.
Address: 120 Selig Dr. SW Atlanta, GA, 30336-2026 United States
Phone: (404) 691-5619
Website: Click here
Revenue: $3.68 million
Year Started: 1988
Incorporated: 1988
Cera Products, Inc.
Address: 3075 Tower Rd Ste D Columbus, GA, 31909-2537 United States
Phone: (843) 842-2600
Website: Click here
Revenue: $1.46 million
Year Started: 1993
Incorporated: 1993
Clinisys Associates, LLC
Address: 800 Lambert Dr. NE Ste F Atlanta, GA, 30324-4106 United States
Phone: (404) 235-0610
Website: Click here
Revenue: $760,154
Year Started: 2005
Cocrystal Discovery, Inc.
Address: 1860 Montreal Rd Tucker, GA, 30084-5709 United States
Phone: (678) 892-8800
Website: Click here
Revenue: $3.52 million
Year Started: 2016
Covenant Health Inc.
Address: 1050 Cooper Rd Unit B Grayson, GA, 30017-1504 United States
Phone: (678) 585-4962
Website: Click here
Revenue: $2.53 million
Year Started: 2012
Incorporated: 2012
Cyanvac LLC
Address: 111 Riverbend Rd Athens, GA, 30602-1514 United States
Phone: (814) 777-4219
Website: Click here
Revenue: $825,419
Year Started: 2017
Dynamic Technical Formulations LLC
Address: 785 Goddard Ct Alpharetta, GA, 30005-2263 United States
Phone: (404) 542-8509
Website: Click here
Revenue: $3.10 million
Year Started: 2015
Expression Therapeutics LLC
Address: 1860 Montreal Rd Tucker, GA, 30084-5709 United States
Phone: (678) 278-1140
Website: Click here
Revenue: $3.77 million
Year Started: 2005
Gayco Healthcare
Address: 507 Industrial Blvd Dublin, GA, 31021-1714 United States
Phone: (478) 272-8093
Website: Click here
Revenue: $3.42 million
Year Started: 1993
Genesis Biosciences International, Inc.
Address: 696 Winer Industrial Way Lawrenceville, GA, 30046-7600 United States
Phone: (770) 963-0959
Website: Click here
Revenue: $1.34 million
Year Started: 1994
Incorporated: 1994
Good Pill Pharmacy
Address: 1780 Corporate Dr. Norcross, GA, 30093-2963 United States
Phone: (650) 488-7434
Website: Click here
Revenue: $1.11 million
Year Started: 2019
Grace Harbour Inc
Address: 200 Wpark Dr, Ste 325 Peachtree City, GA, 30269 United States
Phone: (770) 632-5444
Website: Click here
Revenue: $1.06 million
Year Started: 2007
Incorporated: 2006
Havix Group Inc.
Address: 9488 Jackson Trail Rd Ste A Hoschton, GA, 30548-2491 United States
Phone: (706) 684-0388
Website: Click here
Revenue: $2.55 million
Year Started: 2015
Horizon Therapeutics Holdings LLC
Address: 1000 Holcomb Woods Pkwy Ste 270 Roswell, GA, 30076-2587 United States
Phone: (678) 205-5444
Website: Click here
Revenue: $1.36 million
Year Started: 2011
Inhibikase Therapeutics, Inc.
Address: 3350 Riverwood Pkwy SE Ste 1927 Atlanta, GA, 30339-6401 United States
Phone: (678) 392-3419
Website: Click here
Revenue: $3.10 million
Year Started: 2008
Incorporated: 2010
Janssen Inc
Address: 1440 Olympic Dr. Athens, GA, 30601-1645 United States
Phone: (706) 353-4490
Website: Click here
Revenue: $3.00 million
Year Started: 2018
Lazarus Enterprises, Inc.
Address: 52 Latimer Ln NW Cartersville, GA, 30121-4951 United States
Phone: (888) 606-1002
Website: Click here
Revenue: $784,225
Year Started: 2006
Incorporated: 2006
Micron Biomedical, Inc.
Address: 575 14TH St NW Ste 100 Atlanta, GA, 30318-5697 United States
Phone: (770) 351-2765
Website: Click here
Revenue: $1.59 million
Year Started: 2012
Incorporated: 2012
Newton Laboratories Inc
Address: 455 Gees Mill Business Ct NE Conyers, GA, 30013-1577 United States
Phone: (770) 922-2644
Website: Click here
Revenue: $1.65 million
Year Started: 1987
Incorporated: 1987
Nutrafill, LLC
Address: 655 Crawford St NE Dawson, GA, 39842-1228 United States
Phone: (229) 995-2545
Website: Click here
Revenue: $1.00 million
Year Started: 2014
Nutri Shed Supplement Lab
Address: 3343 Peachtree Rd NE Ste 145-128 Atlanta, GA, 30326-1085 United States
Phone: (866) 588-0748
Website: Click here
Revenue: $2.40 million
Year Started: 2021
Pfeiffer Pharmaceutical Inc
Address: 71 University Ave SW Atlanta, GA, 30315-2204 United States
Phone: (404) 614-0255
Website: Click here
Revenue: $1.33 million
Year Started: 1876
Incorporated: 1989
Prime Pharmaceuticals LLC
Address: 5505 Peachtree Dunwoody Rd Ste G95 Atlanta, GA, 30342-1758 United States
Phone: (404) 250-9656
Website: Click here
Revenue: $2.72 million
Year Started: 2017
Purisys LLC
Address: 1550 Olympic Dr. Athens, GA, 30601-1602 United States
Phone: (706) 286-8197
Website: Click here
Revenue: $2.64 million
Year Started: 2019
Quantum Pharmaceutical Supply & Services, LLC
Address: 745 Atlanta Rd Ste 111 Cumming, GA, 30040-2746 United States
Phone: (678) 648-1369
Website: Click here
Revenue: $1.23 million
Year Started: 2008
Societal Cdmo Gainesville Development, LLC
Address: 988 Chestnut St SE Gainesville, GA, 30501-6907 United States
Phone: (484) 395-2470
Website: Click here
Revenue: $2.79 million
Year Started: 2018
Teva Pharmaceuticals
Address: 2064 Melissa Ct Marietta, GA, 30062-6756 United States
Phone: (770) 485-1253
Website: Click here
Revenue: $1.01 million
Year Started: 2016
Unique Pharma, Inc.
Address: 2008 S Crest Dr. Dalton, GA, 30720-4949 United States
Phone: (706) 229-3100
Revenue: $948,758
Year Started: 2011 Incorporated: 2011
Unyter Enterprises LLC
Address: 6065 Parkway North Dr. Ste 200 Cumming, GA, 30040-1613 United States
Phone: (800) 704-8875
Revenue: $1.87 million
Year Started: 2009
Vasocorp
Address: 808 Metromont Rd Ste 100 Hiram, GA, 30141-3056 United States
Phone: (770) 756-3137
Website: Click here
Revenue: $1.21 million
Year Started: 2015
Incorporated: 2015
Vitamin Derivatives, Inc.
Address: 625 Lem Edwards Rd Winterville, GA, 30683-2221 United States
Phone: (706) 742-2658
Website: Click here
Revenue: $1.06 million
Year Started: 2000
Incorporated: 2000
Wingo Inc corporate family.
Address: 2550 Westmoreland Rd Cleveland, GA, 30528 United States
Phone: (706) 865-1404
Website: Click here
Revenue: $4.60 million
Year Started: 1992
Incorporated: 1992
Faqs about the pharmaceutical companies in Georgia
- What’s the employment rate in the pharmaceutical sector in Georgia?
More than 3,000 people are employed by drug and pharmaceutical companies in Georgia. Chemical engineers, chemists, and chemical technicians; pharmacists and pharmacy technicians; biochemists, microbiologists, epidemiologists, and other medical scientists make up the state’s workforce.
And Georgia is a regional draw, attracting many of the 1 million graduates from colleges and universities within 250 miles of Atlanta each year.
- Who’s in charge of regulating pharmaceutical companies in Georgia?
The LEPL State Regulation Agency for Medical Activities, which is in charge of testing the quality of drugs, does not appear to have enough resources/budget to do so effectively.
Furthermore, current legislation does not allow for the effective and complete fulfillment of these functions; the rule for the “Recognition Regime” of pharmaceutical products creates moderate risks for the supply of low-grade drugs to the market; and the positive sides for the prescription system are not high due to existing administrative hurdles.
Pharmaceutical distribution networks are not always fined for dispensing medication without a prescription. The fines are insufficient to serve as a deterrent to the distribution of drugs without a prescription.
- What’s the export rate of pharmaceuticals in Georgia?
Georgia exported $1.8 billion in medical devices and pharmaceuticals in 2020. Georgia, in addition to global access, provides innovative talent to harness the advancement of technology and its impact on various sectors of life science and health IT.
- What’s the annual turnover of pharmaceutical companies in Georgia?
According to studies and data from Georgia’s National Statistics Office, the annual turnover of pharmaceutical companies (retailers and wholesalers) in Georgia exceeds 700 million USD.
Conclusion
The pharmaceutical industry’s market power is not unusually concentrated. According to the import 2015 statistics, approximately 70% of the market is divided among five large companies. These are ltd.
PSP Pharma with 22.32 percent, ltd. A-B-C Pharmacy with 14.91 percent, and ltd. A-B-C Pharmacy with 14.91 percent.
Limited Aversi-Pharma has 14.54 percent, JSC GPC has 10.20 percent, and Limited Globalpharmi has 7.02 percent. As a result, the pharmaceutical market is classified as a weak oligopoly. With the recently announced merger of A-B-C Pharmacy and JSC GPC, however, there are increased risks of diminished competition and abuse of dominant positions.
Furthermore, the positive aspects of the merger should be highlighted, such as resource unification, expense optimization, and increased effectiveness; Georgia has yet to adopt international GMP standards.
This hurts the export of drugs manufactured in the country and raises concerns about the quality of drugs used in the country.
The government had planned to adopt the standards in 2016, but due to a recent government decision, it has been postponed until 2018.
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Chibueze Uchegbu is a certified medical physiologist with a great passion for healthy living.