Top pharmaceutical companies in Greece 2022

The pharmaceutical companies in Greece have significant growth potential both in serving the domestic market and in expanding their reach beyond national borders, with a highly skilled workforce and established peripheral and manufacturing capabilities.

Greece’s pharmaceutical industry has developed rapidly, with new start-ups and spin-offs increasingly seeking international RandD collaborations to develop competitive technology-based products and services.

Renowned research institutes, research teams, and university research groups.

Overview of the Pharmaceutical Companies in Greece

In the pharmaceutical sector, the production of generic medicines has the potential to boost growth and gross value added, improve the efficiency of the Greek healthcare system and also boost exports and growth of the Greek pharmaceutical industry.

The international development of drug spending in recent years has made the importance of inexpensive alternatives to unpatented drugs, especially in the form of generics, clear.

This ongoing generic trend has spurred a global generic industry that has expanded through strategic acquisitions and developed extensive commercialization. and distribution networks around the world.

The Greek pharmaceutical sector has traditionally been a major contributor to the Greek economy and has mainly focused on local consumption; However, this shift towards generics can provide a great opportunity for the industry to capitalize on their knowledge and skills and focus on the Greek market first.

The pharmaceutical industry spends significant amounts on RandD, representing 8% of total private RandD spending in Greece, while in 2018, 2,506 independent clinical studies were carried out (1,434 completed). The role of the pharmaceutical industry in foreign trade, in general, is also significant, with pharmaceutical exports totaling 1.4 billion euros in 2018, which was 4.3% of all Greek exports in 2018.

Pharmaceutical Companies in Greece

Several pharmaceutical companies in Greece are already successfully competing in the international pharmaceutical markets with a heavy shift towards RandD, innovation, and marketing to become competitive.

Investments in the Greek life sciences sector over the next few years will be driven by the export potential of Greek generic manufacturers based on the expected growth of the European and Central and Eastern European markets and the advantages of competition and knowledge of Greek companies. Here is a list of some of the pharmaceutical companies operating in Greece:

  • ABBOTT LABORATORIES (HELLAS) S.A.

Address: 63 Ag. Dimitriou 17456, Alimos Greece

Phone: +30-2109985222

Revenue: $64.60 million

Year Started: 1963

Director: John Konstantinos Vrettos

  • ABBVIE PHARMACEUTICALS S.A.

Address: 41-45 M. Antypa 14121, Irakleio Greece

Phone: +30-2144165555

Revenue: $64.84 million

Year Started: 2012

Director: Paschalis Thomas Apostolidis

  • ANFARM HELLAS S.A.

Address: 4 Achaias & Troizinias 14564, Kifissia Greece

Phone: +30-2106831632

Revenue: $38.76 million

Year Started: 1969

Director: Apostolos Pantelis Nicolaou

  • ANGELINI PHARMA HELLAS SOLE SHAREHOLDER CO. S.A.

Director: Pierluigi Amerigo Antonelli

Address: Roupel & 4 Athinon – Lamias National Rd (17th km) 14564, Kifissia Greece

Phone: +30-2106269200

Revenue: $28.98 million

Year Started: 1997

  • BENNETT PHARMACEUTICALS S.A.

Director: Nikolaos Kreon Boufidis

Address: 20 Ag. Kyriakis 14561, Kifissia Greece See other locations

Phone: +30-2106254630

Revenue: $25.70 million

Year Started: 2005

  • BGP PHARMACEUTICAL PRODUCTS LTD

Address: 63 Ag. Dimitriou 17456, Alimos Greece

Phone: +30-2109891777

Website: Click Here

Revenue: $35.09 million

Year Started: 2014

Director: Jozef Jozef Belcik

  • BOEHRINGER INGELHEIM HELLAS SINGLE MEMBER S.A.

Address: 340 Andr. Syngrou Ave 17673, Kallithea Greece

Phone: +30-2108906300

Website: visit here

Revenue: $858.99 million

Year Started: 1973

Director: Dimitrios Konstantinos Anagnostakis

  • BRISTOL – MYERS SQUIBB S.A.

Address: 49-53 Attikis & 2 Propontidos, P.O. Box 63883 15235, Vrilissia Greece

Phone: +30-2106074300

Website: Visit

Revenue: $79.16 million

Year Started: 1951

Director: Elissavet Basil Prodromou

  • COOPER PHARMACEUTICALS S.A.

Address: 64 Aristovoulos 11853, Athens Greece

Phone: +30-2103462969

Revenue: $38.93 million

Year Started: 1936

Director: George-Alexandr Sofoklis Garbolas

  • DEMO S.A. PHARMACEUTICAL INDUSTRY

Address: Athinon – Lamias National Rd (21st km) 14568, Kryoneri Greece

Phone: +30-2108161802

Website: Visit

Revenue: $208.09 million

Year Started: 1973

Director: Stavros Dimitrios Demos

  • DOC PHARMA SINGLE-MEMBER S.A.

Director: Ourania Konstantinos Matsouki

Address: 5 Ag. Georgiou 57001, Thermi Greece

Phone: +30-2313080720

Website: click here

Revenue: $19.62 million

Year Started: 2014

  • ELPEN PHARMACEUTICAL CO. INC. S.A.

Address: 95 Marathonos Ave 19009, Pikermi Greece

Phone: +30-2106039326

Revenue: $126.94 million

Year Started: 1969

Director: Konstantinos Dimitrios

  • FARAN S.A.

Address: 5 Achaias 14564, Kifissia Greece

Phone: +30-2106254175

Website: visit here

Revenue: $51.29 million

Year Started: 2007

Director: Marios-Panagiot Dimitrios Katsikas

  • FREZYDERM S.A.

Address: 75 Menandrou 10437, Athens Greece

Phone: +30-2105246900

Website: visit here

Revenue: $52.12 million

Year Started: 1996

Director: John Anastassios Anastassiou

  • GALENICA S.A.

Address: 4 Eleftherias 14564, Kifissia Greece

Phone: +30-2105281700

Revenue: $48.81 million

Year Started: 1972

Director: Nikolaos Dionyssios Varelas

  • GAP S.A.

Director: Antonios George Papathanassiou

Address: 46 Agissilaou 17341, Agios Dimitrios Greece

Phone: +30-2109310980

Revenue: $30.79 million

Year Started: 1969

  • GENEPHARM S.A.

Address: Marathon Ave (18th km) 15351, Pallini Greece

Phone: +30-2106039336

Website: visit here

Revenue: $67.81 million

Year Started: 1971

Director: Faisal Ghiath Sukhtian

  • GEROLYMATOS INTERNATIONAL S.A.

Address: 13 Asklipiou 14568, Kryoneri Greece Phone: +30-2103500800

Website: Visit

Revenue: $41.89 million

Year Started: 1968

Director: Nikolaos Panagiotis Gerolymatos

  • INNOVIS PHARMA S.A.

Address: 144 Marathonos Ave 15351, Pallini Greece

Phone: +30-2106664805

Website: Visit here

Revenue: $71.26 million

Year Started: 2007

Director: Thomas George Economou

  • KORRES NATURAL PRODUCTS S.A.

Address: 3 Drossini & Tatoiou 14452, Metamorfosi Greece

Phone: +30-2107565800

Website: visit

Revenue: $64.52 million

Year Started: 1996

Director: Apostolos Nikolaos Korres

  • LAVIPHARM S.A.

Director: Minas George Tanes

Address: Agias Marinas Street, P.O. Box 59 19002, Paiania Greece

Phone: +30-2106691000

Website: visit here

Revenue: $24.64 million

Year Started: 1975

  • LEO PHARMACEUTICAL HELLAS SINGLE MEMBER S.A.

Address: Kimis Ave & 10 Seneka 14564, Kifissia Greece

Phone: +30-2122225000

Revenue: $47.14 million

Year Started: 1958

Director: Anders Ole Kronborg

  • MEGA DISPOSABLES S.A.

Address: 148 Dekeleias 13678, Acharnes Greece

Phone: +30-2102419800

Website: click here

Revenue: $270.44 million

Year Started: 1980

Director: Constantinos John Vitouladitis

  • NOVARTIS (HELLAS) S.A.C.I.

Address: Athinon – Lamias National Rd (12th km) 14451, Metamorfosi Greece

Phone: +30-2102811712

Website: Visit here

Revenue: $322.38 million

Year Started: 1967

Director: Susanne Maria Franz Kohout

  • PHARMATHEN INTERNATIONAL S.A.

Address: 4 Dervenakion 15351, Pallini Greece

Phone: +30-2106604300

Website: click here

Revenue: $50.63 million

Year Started: 2006

Director: Dimitrios Nikolaos Kadis

  • PFIZER HELLAS S.A.

Address: 243 Messogeion Ave 15451, Neo Psychiko Greece

Phone: +30-2106785800

Website: visit

Revenue: $255.16 million

Year Started: 1960

Director: Zachary John Ragousis

  • PHARMATHEN S.A.

Address: 6 Dervenakion 15351, Pallini Greece

Phone: +30-2106604300

Revenue: $268.77 million

Year Started: 1969

Director: Dimitrios Nikolaos Kadis

  • RAFARM S.A.

Address: 12 Korinthou 15451, Neo Psychiko Greece

Phone: +30-2106776550

Website: visit here

Revenue: $88.51 million

Year Started: 1976

Director: Nikolaos John Rassias

  • REMEDINA S.A.

Director: Konstantinos George Pentafrangas

Address: 23 Gounari 13451, Kamatero Greece

Phone: +30-2102385552

Revenue: $32.33 million

Year Started: 1969

  • SANOFI AVENTIS SINGLE MEMBER S.A.

Address: 348a Syngrou Ave 17674, Kallithea Greece

Phone: +30-2109001600

Website: visit here

Revenue: $165.27 million

Year Started: 1962

Director: Lionel Jacques Bernard

  • SEPTONA S.A.

Address: Thesi Lysia 32011, Oinofyta Greece

Phone: +30-2262031544

Website: Click Here

Revenue: $72.43 million

Year Started: 1975

Director: Constantina Thomas Evangeliou

  • SERVIER HELLAS PHARMACEUTIQUE E.P.E.

Director: Ziad Matta

Address: 7 Frangoklissias 15125, Maroussi Greece

Phone: +30-2109391000

Revenue: $24.91 million

Year Started: 1977

  • SPECIFAR S.A.

Address: 1 28th Octovriou 12351, Agia Varvara Greece

Phone: +30-2105401500

Website: visit here

Revenue: $67.05 million

Year Started: 1933

Director: Roberta Graziano Bonardi

  • TSETI, IOULIA & EIRINI, S.A. “INTERMED”

Address: 27 Kalyftaki 14564, Kifissia Greece

Phone: +30-2106253905

Website: visit

Revenue: $40.30 million

Year Started: 1995

Director: Eirini Kleon Tseti

  • UNI-PHARMA KLEON TSETIS PHARMACEUTICAL LABORATORIES SA

Address: 14th km National Rd 1 14564, Kifissia Greece

Phone: +30-2108072512

Website: click here

Revenue: $88.28 million

Year Started: 1991

  • VIANEX S.A. PHARMACEUTICAL MANUFACTURERS

Address: Athinon – Lamias National Rd (18th km), P.O. Box 52894 14671, Nea Erythraia Greece

Phone: +30-2108009111

Website: visit

Revenue: $346.15 million

Year Started: 1971

Director: Dimitrios Pavlos Giannakopoulos

  • VIOSER PARENTERAL SOLUTION INDUSTRY S.A.

Address: Trikalon – Larissas Rd (9th km), Taxiarches, Farkaona, P.O. Box 42100, Trikala Greece

Phone: +30-2431083441

Revenue: $37.09 million

Year Started: 1980

Director: Nikolaos John Koufopoulos

Frequently Asked Questions on the pharmaceutical companies in Greece

  • How many pharmacies are there in Greece?

In 2018, 10,220 pharmacies were operated in Greece,  of which 3,684 pharmacies (36.0%)  in the  Attiki region. Compared to 2017, the total number of pharmacies in Greece recorded a decrease of 1.9% (200 pharmacies).

  • Are pharmacists allowed to prescribe antibiotics in Greece?

It should be noted that the law in Greece still allows patients to obtain antibiotics from pharmacists without a prescription.

A study by Contopoulos Ioannidis et al. reported that 77% of Greek pharmacists offered antibiotics without a prescription.

  • How much does a prescription cost in Greece?

Here are some average  health care costs in 2019:

Family health check £ 35 ($ 45)

Cold medication for six days £ 2.40 ($ 3)

Prescription of antibiotics £ 6.20 ($ 8)

  • Which drugs are not allowed in Greece?

Medicines containing codeine or tramadol are banned in countries such as the United Arab Emirates, Japan, Indonesia, and Greece.

  • Do Greek Citizens Get Free Health Care?

In 2016, the Greek government voted to extend health insurance coverage to the uninsured, which is increased from the 1st for families. according to the number of their children.

Conclusion

During the COVID19 pandemic, the Greek pharmaceutical industry has proven that it has a strong manufacturing base that helps ensure an ample supply of many essential medicines.

Industry officials claim that while many countries have been forced to suspend exports of medicines and medical supplies by closing their borders completely to meet their domestic needs, Greece has not experienced serious drug and raw material shortages.

A recent study shows that more than 3 million patients and policyholders in Greece had unhindered access to locally produced medicines.

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