Best pharmaceutical companies in Georgia USA

The pharmaceutical companies in Georgia use imported ingredients to create drugs that are used throughout the United States.

This includes the further processing of the material, packaging, storage, and shipping. Besides, participation in the US Foreign-Trade Zones program lowers the cost of drug manufacturing through benefits of deferral and tariff reduction.

Pharmaceutical companies and companies in other industries can get the goods they need as often as they need, with a guarantee against the costs involved and defer paying taxes until their finished products reach US commerce.

If the finished product that is sold is taxed at a lower rate than the goods used in the manufacturing process, a company participating in the program can reduce its tax payment to a lower rate.

Cooperation with the Georgia Foreign Trade Zone also enables pharmaceutical companies to reduce cycle time through direct delivery.

This process reduces shipping times during transit and allows the company to retrieve critical shipments, such as cold chain and high-value shipments, more quickly.

In a foreign trade zone, the process of approving all necessary government agencies moves later in the supply chain.

Georgia is an emerging market and those who decide to open a pharmaceutical company in this country use this feature as an advantage to enter a growth industry with great development potential in the years to come.

The pharmaceutical industry in Georgia consists not only of manufacturing units but also of biotechnological enterprises and research and development units.

The pharmaceutical market in Georgia

The pharmaceutical market in Georgia is constantly growing, with exports increasing by more than 40% in the last six years.

At the same time, domestic demand for medicines encourages imports. This growing trend is expected to continue in the coming years.

There are currently more than 70 pharmaceutical manufacturers and companies importing medicines in Georgia. The industry is also a major employer with more than 13,000 people employed in the sector, mostly in manufacturing.

The Georgian government has recognized the potential of this industry and encourages investments in the pharmaceutical industry.

Pharmaceutical Companies in Georgia

Pharmaceutical companies in Georgia enjoy a favorable business climate with simplified regulations and no price controls for pharmaceutical products.

The country automatically recognizes pharmaceutical products registered in other countries to improve competitiveness.

Furthermore, the regulations and standards in this field of business are established by the State Agency for the Regulation of Medical Activity and the Law on Medicines and Pharmaceutical Activity.

The agency is responsible for issuing the necessary permits for pharmaceutical companies and for controlling production and trade in this industry.

Pharmaceutical products in Georgia also benefit from an attractive tax regime; No VAT is charged on this type of product and no customs duties apply.

Foreign pharmaceutical manufacturers can choose to open a branch in Georgia to expand their activities or open a subsidiary in this country.

Abbott Ventures Inc.

Address: 115 River North Dr. Atlanta, GA, 30328-1111 United States

Phone: (404) 558-1448

Website: Visit

Sales: $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: Visit

Sales: $1.42 million

Year Started: 2015

Apotheca, Inc.

Address: 4321 Browns Bridge Rd Gainesville, GA, 30504-5333 United States

Phone: (800) 736-3130

Website: Visit

Sales: $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: Visit

Sales: $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: Visit

Sales: $1.34 million

Year Started: 2008

Biotest Pharmaceuticals Corporation

Address: 2704 Peach Orchard Rd Augusta, GA, 30906-2408 United States

Phone: (330) 743-1317

Website: Visit

Sales: $5.04 million

Year Started: 2018

Boston Biopharma, Inc.

Address: 2300 Lakeview Pkwy Ste 700 Alpharetta, GA, 30009-9066 United States

Phone: (508) 219-0200

Website: Visit

Sales: $1.19 million

Year Started: 2012

Catalyst Nutraceuticals, LLC

Address: 1720 Peachtree Industrial Blvd Buford, GA, 30518-2857 United States

Phone: (470) 839-8791

Website: Visit

Sales: $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: Visit

Sales: $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: Visit

Sales: $1.46 million

Year Started: 1993

Incorporated: 1993

Covenant Health Inc.

Address: 1050 Cooper Rd Unit B Grayson, GA, 30017-1504 United States

Phone: (678) 585-4962

Website: Visit

Sales: $2.66 million

Year Started: 2012

Incorporated: 2012

Dynamic Technical Formulations LLC

Address: 785 Goddard Ct Alpharetta, GA, 30005-2263 United States

Phone: (404) 542-8509

Website: Visit

Sales: $3.10 million

Year Started: 2015

Expression Therapeutics LLC

Address: 1860 Montreal Rd Tucker, GA, 30084-5709 United States

Phone: (678) 278-1140

Website: Visit

Sales: $3.77 million

Year Started: 2005

Galectin Therapeutics Inc.

Address: 4960 Peachtree Industrial Blvd Ste 240 Norcross, GA, 30071-1580 United States

Phone: (678) 620-3186

Website: Visit

Sales: $1.99 million

Year Started: 2000

Incorporated: 2001

Gayco Healthcare

Address: 507 Industrial Blvd Dublin, GA, 31021-1714 United States

Phone: (478) 272-8093

Website: Visit

Sales: $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: Visit

Sales: $1.34 million

Year Started: 1994

Incorporated: 1994

Geovax Labs, Inc.

Address: 1900 Lake Park Dr. SE Ste 380 Smyrna, GA, 30080-7648 United States

Phone: (678) 384-7220

Website: Visit

Sales: $1.82 million

Year Started: 1988

Incorporated: 2008

Good Pill Pharmacy

Address: 1780 Corporate Dr. Norcross, GA, 30093-2963 United States

Phone: (650) 488-7434

Website: Visit

Sales: $962,878

Year Started: 2019

Grace Harbour Inc

Address: 200 Wpark Dr, Ste 325 Peachtree City, GA, 30269 United States

Phone: (770) 632-5444

Website: Visit

Sales: $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: Visit

Sales: $2.55 million

Year Started: 2015

Janssen Inc

Address: 1440 Olympic Dr. Athens, GA, 30601-1645 United States

Phone: (706) 353-4490

Website: Visit

Sales: $2.91 million

Year Started: 2018

Micron Biomedical, Inc.

Address: 575 14TH St NW Ste 100 Atlanta, GA, 30318-5697 United States

Phone: (770) 351-2765

Website: Visit

Sales: $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: Visit

Sales: $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: Visit

Sales: $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: Visit

Sales: $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: Visit

Sales: $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

Sales: $2.46 million

Year Started: 2017

Purisys LLC

Address: 1550 Olympic Dr. Athens, GA, 30601-1602 United States

Phone: (706) 286-8197

Website: Visit

Sales: $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: Visit

Sales: $1.23 million

Year Started: 2008

Recro Gainesville Development LLC

Address: 988 Chestnut St SE Gainesville, GA, 30501-6907 United States

Phone: (484) 395-2470

Website: Visit

Sales: $2.46 million

Year Started: 2018

RFS Pharma, LLC

Address: 1860 Montreal Rd Tucker, GA, 30084-5709 United States

Phone: (404) 601-1430

Website: Visit

Sales: $1.65 million

Year Started: 2004

Sciele Pharma Sales, Inc.

Address: 5 Concourse Pkwy Ste 1800 Atlanta, GA, 30328-6168 United States

Phone: (678) 579-2395

Website: Visit

Sales: $991,809

Year Started: 2006

Incorporated: 2006

Socius Care, LLC

Address: 320 Northpoint Pkwy SE Ste J Acworth, GA, 30102-3153 United States

Phone: (770) 906-6715

Website: Visit

Sales: $1.54 million

Year Started: 2015

Teva Pharmaceuticals

Address: 2064 Melissa Ct Marietta, GA, 30062-6756 United States

Phone: (770) 485-1253

Website: Visit

Sales: $1.01 million

Year Started: 2016

Unyter Enterprises LLC

Address: 6065 Parkway North Dr. Ste 200 Cumming, GA, 30040-1613 United States Phone: (800) 704-8875

Website: Visit

Sales: $1.87 million

Year Started: 2009

Vasocorp

Address: 808 Metromont Rd Ste 100 Hiram, GA, 30141-3056 United States

Phone: (770) 756-3137

Website: Visit

Sales: $1.21 million

Year Started: 2015

Incorporated: 2015

Vidara Therapeutics Holdings LLC

Address: 1000 Holcomb Woods Pkwy Ste 270 Roswell, GA, 30076-2587 United States

Phone: (678) 205-5444

Website: Visit

Sales: $1.36 million

Year Started: 2011

Vitamin Derivatives, Inc.

Address: 625 Lem Edwards Rd Winterville, GA, 30683-2221 United States

Phone: (706) 742-2658

Website: Visit

Sales: $1.23 million

Year Started: 2000

Incorporated: 2000

Wingo Inc

Address: 2550 Westmoreland Rd Cleveland, GA, 30528 United States

Phone: (706) 865-1404

Website: Visit

Sales: $4.60 million

Year Started: 1992

Incorporated: 1992

Frequently Asked Questions about the pharmaceutical companies in Georgia

See below for the perfect answers to the most asked questions about the pharmaceutical companies in Georgia;

How many biotechnology companies are there in Georgia?

Georgia houses 433 bioscience companies, which employ 19.902, mainly in Atlanta, Augusta, and Athens. Georgia is among the 15 main states for general occupational employment.

What’s the legal framework for the pharmaceutical market in Georgia?

The legal framework for the pharmaceutical market in Georgia consists of the following

main legislative acts:

The Law on Medicines and Pharmaceutical Activities of Georgia, which has been in force since 1997, establishes the legal framework for the state to establish a lawful pursuit of medicines to ensure the circulation of pharmaceutical products;

The Law of Georgia on Licensing for Medical and Pharmaceutical Activities, which regulates the processes related to the issuance of licenses for medical and pharmaceutical activities, defines the amendments, their scope, and the updating and repeal of the rules, and defines the types of the authorized activities and the additional conditions for the granting of licenses.

What’s the growth trend in the import of drugs?

In the period 2012-2015, there was a growing trend in the import of medicines. The import indicators significantly exceed annual exports (almost five times). In 2015, the

import indicators increased by 114.1% compared to 2014 and amounted to 739 million lari The main reason for this is the import of free medicines for hepatitis C (449 million lari accounted for imports, although they were distributed free of charge).

Calculating the import costs excluding these medicines, the import amounts to 290 million lari, which is 16% less than in the previous year.

Who are the main players in the pharmaceutical market?

Based on import statistics, we can talk about the main players in the pharmaceutical market.

The top five pharmaceutical importers, according to 2015 data are:

Ltd.PSP Pharma – 22.32% of total imports
Ltd. ABC Pharmacia – 14.91%
Ltd. Aversi Pharma – 14.54%
GPC Joint Stock Company – 10.20%
Ltd.GlobalPharmi – 7.02%

A final thought about the pharmaceutical companies in Georgia

The number of wholesalers and retailers and manufacturers of pharmaceutical products has of 2010 to 2015 showed a changing trend; The amount has gone up and down over the course but the rate of change has been negligible either way.

The number of wholesalers and retailers and manufacturers of medicines increased slightly in 2015 and 2010 (by 4 and 46 respectively).

As a result, 71 pharmaceutical manufacturers and 1,055 retailers were active in 2015. Among the wholesalers, their numbers increased more significantly from 2010 (increased by 130 to 302).