What do you know about the pharmaceutical companies in Iowa? Iowa boasts of miles of land, making it an ideal location for pharmaceutical companies, while medical schools such as the University of Iowa attract some of the country’s best STEM talent.
Pharmaceutical companies in Iowa are all located in this low-key but hardworking region. Microbiologics, Inc., AbbVie, Novartis, Strata Oncology, and Forge Biologics are among the companies working the fertile ground in this region.
McKesson Corporation, a pharmaceutical giant has decided to set up shop in Clear Lake. The $65 million project includes the hiring of 164 workers to operate the 340,000-square-foot warehouse. The California-based company will make a significant investment in Iowa.
Overview of pharmaceutical companies in Iowa
McKesson is headquartered in San Francisco and employs approximately 85,000 people. It was founded in 1883 and is one of the oldest companies in the United States. It is ranked #15 on the Fortune 500 list as of 2014.
McKesson is one of the largest pharmaceutical companies in Iowa. McKesson is a leader in pharmaceutical distribution in the United States and Canada. McKesson Corporation delivers one-third of all pharmaceuticals used in Iowa.
According to the McKesson website, the company has an annual revenue of more than $137.6 billion and specializes in vital medicines, medical supplies, and health care information technology solutions.
Medicare, the federal health-care program for the elderly and disabled, recently celebrated its 50th anniversary.
The occasion has sparked a flurry of debate about the program’s future — and more than a few calls for major changes to Part D, Medicare’s prescription drug benefit program.
There are growing calls for the federal government to intervene in drug-pricing negotiations between private insurers and pharmaceutical manufacturers. Such a change would be detrimental to Iowa’s seniors, severely limiting their access to critical medications.
Part D was added to Medicare in 2003; previously, Medicare did not cover the majority of prescription drugs.
And it operates differently than a typical government program. Insurance companies design and offer competing coverage plans in each state under Part D. Enrollees can choose the plan that best meets their medical and financial needs.
This level of choice and consumerism was intended to keep costs low while also providing seniors with options. And it was effective.
Despite initial claims that it would break the bank and bankrupt seniors, Medicare Part D turned out to be the rare government program that came in significantly under budget. Part D’s cost to taxpayers was predicted to exceed $122.88 billion in 2012. That year’s actual cost was only $55 billion.
Part D also provides Iowans with access to 30 prescription drug plans. Premiums in the state begin at $15.70.
Despite the variety of affordable options, there is a push in Washington to dismantle the program. Part D is too expensive, according to critics, and the government should intervene in price negotiations with drug manufacturers.
In November 2017, the Iowa State Association of Counties unanimously passed a resolution encouraging member counties to join in the litigation against pharmaceutical companies to hold them accountable for the country’s widespread opioid epidemic.
For downplaying the risks of opioids and aggressively marketing the drugs to treat chronic pain, 47 Iowa counties filed lawsuits against five pharmaceutical companies, their subsidiaries, and three physicians.
Story County is one of 53 unrepresented counties in the settlement, but it was asked to join to reach the maximum settlement value. A full settlement will result from municipalities’ full participation. The state will receive $143 million if all litigants, excluding Story County, participate.
Over the last two decades, the opioid epidemic has claimed the lives of over 500,000 Americans. According to Crueger Dickinson, a law firm representing Iowa counties, increased costs for counties have been linked to the crisis, including law enforcement, autopsies, and emergency medical services.
The University of Iowa Pharmaceuticals
The University of Iowa Pharmaceuticals (UIP) is the United States’ largest and most experienced university-affiliated FDA-registered pharmaceutical manufacturing facility for non-sterile and sterile dosage forms.
UIP is a service division within the University of Iowa College of Pharmacy, and it also has a formal pharmaceutical development relationship with faculty called the University of Iowa Pharmaceuticals.
For nearly 40 years, UIP has been developing formulations, manufacturing products, and conducting analytical testing by current Good Manufacturing Practices (cGMPs). UIP serves a diverse range of clients of all sizes in the pharmaceutical and biotechnology industries and has worked with pharmaceutical companies all over the world.
UIP has also worked for the National Cancer Institute, the Centers for Disease Control and Prevention, the National Institutes of Health, and the Food and Drug Administration. UIP is an FDA-registered facility that complies with 21 CFR parts 11, 210, and 211, is DEA-licensed to handle controlled substances (Schedules I – V) and can handle potent/cytotoxic materials. UIP has manufactured numerous products for use in EU clinical trials and has passed numerous QP audits.
Pharmaceutical companies in Iowa
Here’s a list of some of the pharmaceutical companies in Iowa:
- Abbott Laboratories Co.
Address: 2006 S Ankeny Blvd Ankeny, IA, 50023-8995 United States
Phone: (515) 201-3169
Revenue: $258,021
Year Started: 2016
- Agcertain Boone, LLC
Address: 977 Quartz Ave Boone, IA, 50036-7446 United States
Phone: (515) 212-7200
Website: Click here
Revenue: $1.51 million
Year Started: 2018
- Arko Laboratories Ltd
Address: 1336 Main St Jewell, IA, 50130-2045 United States
Phone: (515) 827-5491
Website: Click here
Revenue: $5.37 million
Year Started: 1981
Incorporated: 1981
- Biotest Pharmaceuticals Corp
Address: 408 S Gilbert St Iowa City, IA, 52240-4917 United States
Phone: (319) 341-8000
- Boehringer Ingelheim Corporation
Address: 800 5TH St NW Fort Dodge, IA, 50501-7425 United States
Phone: (515) 302-2717
- Cambrex Charles City, Inc.
Address: 1205 11TH St Charles City, IA, 50616-3466 United States
Phone: (641) 257-1000
Website: Click here
Revenue: $118.14 million
Year Started: 1960
Incorporated: 1991
- Cargill, Incorporated
Address: 1 Cargill Dr. Eddyville, IA, 52553-5000 United States
Phone: (641) 969-7002
- Concevion International LLC
Address: 5407 Durant St Ames, IA, 50014-8055 United States
Phone: (515) 337-1660
Website: Click here
Revenue: $111,614
Year Started: 2019
- Continental Manufacturing Chemist, Inc.
Address: 912 S State St Madrid, IA, 50156-1748 United States
Phone: (515) 795-2000
Revenue: $23.51 million
Year Started: 1992
Incorporated: 1994
- Creodyne, LLC
Address: 3908 Stone Brooke Cir Ames, IA, 50010-4174 United States
Phone: (515) 480-9503
Website: Click here
Revenue: $100,060
Year Started: 2009
- Entera Health, Inc.
Address: 2425 SE Oak Tree Ct Ankeny, IA, 50021-7102 United States
Phone: (515) 963-7577
Revenue: $9.69 million
Year Started: 2013
- Entegro, LLC
Address: 1275 7TH Ave NE Sioux Center, IA, 51250-2156 United States
Phone: (712) 722-3955
Revenue: $689,160
Year Started: 2015
- Genvax Technologies, Inc.
Address: 2503 S Loop Dr. Ames, IA, 50010-8641 United States
Phone: (319) 530-2757
Website: Click here
Revenue: $958,656
Year Started: 2021
- Glycomyr, Inc.
Address: 3359 Stagecoach Rd Ames, IA, 50010-9305 United States
Phone: (515) 520-1098
Revenue: $147,569
Year Started: 2008
Incorporated: 2008
- Hall Roberts’ Son, Incorporated
Address: 139 W Greene St Postville, IA, 52162-7773 United States
Phone: (563) 864-7421
Revenue: $9.74 million
Year Started: 1946
Incorporated: 1946
- Harmon Technological, Inc.
Address: 3746 Johnson Ave Gowrie, IA, 50543-7565 United States
Phone: (515) 879-2780
Revenue: $901,253
Year Started: 1982
Incorporated: 1992
- Hot Shots Nm, LLC
Address: 2017 E Kimberly Rd Davenport, IA, 52807-2105 United States
Phone: (563) 391-0404
Revenue: $9.96 million
Year Started: 1991
- Impro Products, Inc.
Address: 3 Allamakee St Waukon, IA, 52172-1741 United States
Phone: (563) 568-2161
Revenue: $1.83 million
Year Started: 1964
Incorporated: 1964
- Integrated Dna Technologies, Inc.
Address: 1710 Commercial Park Coralville, IA, 52241-2760 United States
Phone: (800) 328-2661
Website: Click here
Revenue: $264.02 million
Year Started: 1987
Incorporated: 1987
- Krudico, Inc.
Address: 308 E 4TH St Auburn, IA, 51433-7718 United States
Phone: (712) 688-2284
Revenue: $532,910
Year Started: 1965
Incorporated: 1984
- Liddell Laboratories, Inc.
Address: 201 Apple Blvd Woodbine, IA, 51579-1503 United States
Phone: (712) 647-3295
Revenue: $2.88 million
Year Started: 1988
- Lloyd, Inc. of Iowa
Address: 604 W Thomas Ave Shenandoah, IA, 51601-1744 United States
Phone: (800) 831-0004
Revenue: $17.48 million
Year Started: 1958
Incorporated: 1959
- Mg Biologics, Inc
Address: 2366 270TH St Ames, IA, 50014-2616 United States
Phone: (515) 769-2340
Website: Click here
Revenue: $2.69 million
Year Started: 1999
Incorporated: 1999
- Molecular Biolife International Inc.
Address: 200 W 16TH St Sheldon, IA, 51201-2008 United States
Phone: (712) 449-5625
Revenue: $607,862
Year Started: 2013
- NanoSpy, Inc.
Address: 536 Farmhouse Ln # 1581 Ames, IA, 50011-1054 United States
Phone: (312) 550-1584
Revenue: $262,969
Year Started: 2017
Incorporated: 2018
- Oragen Technologies Inc
Address: 4401 71ST St Urbandale, IA, 50322-1837 United States
Phone: (515) 251-5903
Revenue: $325,457
Year Started: 1996
Incorporated: 1996
- Peaceful Mountain, Inc.
Address: 201 Apple Blvd Woodbine, IA, 51579-1503 United States
Phone: (712) 647-2499
Revenue: $595,802
Year Started: 2010
Incorporated: 2010
- Pharmbiologic Solutions LLC
Address: 2010 Ashworth Rd West Des Moines, IA, 50265-3311 United States
Phone: (515) 777-2005
Website: Click here
Revenue: $150,000
Year Started: 2005
- Plasma Solutions, L.L.C.
Address: 1318 160TH St Boone, IA, 50036-7333 United States
Phone: (515) 298-1743
Revenue: $148,266
Year Started: 2013
- Prescription Manufacturing, LLC
Address: 103 S Broadway St Red Oak, IA, 51566-6116 United States
Phone: (712) 357-1149
Revenue: $4.61 million
Year Started: 2017
- Proliant Biologicals, LLC
Address: 2425 SE Oak Tree Ct Ankeny, IA, 50021-7102 United States
Phone: (515) 289-5170
Website: Click here
Revenue: $8.99 million
Year Started: 2002
- Sioux Pharm, Inc.
Address: 121 19TH St SW Sioux Center, IA, 51250-1195 United States
Phone: (712) 722-4699
Revenue: $3.91 million
Year Started: 1998
Incorporated: 1998
- Sonac USA LLC
Address: 1299 E Maple St Maquoketa, IA, 52060-3205 United States
Phone: (563) 690-1199
Revenue: $4.93 million
Year Started: 2009
- Spotlight Innovation Inc.
Address: 11147 Aurora Ave Aurora Bus Park Bldg 3 Urbandale, IA, 50322 United States
Phone: (515) 274-9087
Website: Click here
Revenue: $2,226
Year Started: 2006
- Surmasis Pharmaceutical, LLC
Address: 4020 Gannett Ave Des Moines, IA, 50321-2951 United States
Phone: (515) 244-1212
Revenue: $3.88 million
Year Started: 2013
- Takeda Pharmaceuticals U.S.A., Inc.
Address: 1704 Geraldine Dr. Dubuque, IA, 52003-9128 United States
Phone: (563) 583-2414
- Transboundary Animal Biologics, Inc.
Address: 3515 University Blvd Ames, IA, 50010-8698 United States
Phone: (515) 294-8459
Revenue: $42,454
Year Started: 2007
- Vetmeasure, Inc.
Address: 2625 N Loop Dr. Ste 2632 Ames, IA, 50010-8926 United States
Phone: (515) 296-4243
Website: Click here
Revenue: $479,702
Year Started: 2016
Incorporated: 2016
- Vet Pharm, Inc.
Address: 392 15TH St NE Sioux Center, IA, 51250-2113 United States
Phone: (712) 722-3836
Revenue: $7.80 million
Year Started: 1978
Incorporated: 1983
- Zoetis Inc.
Address: 2000 Rockford Rd Charles City, IA, 50616-9101 United States
Phone: (641) 257-2422
Website: Click here
FAQs about the pharmaceutical companies in Iowa
See below for the pharmaceutical companies in Iowa;
- Which agency regulates the practice of pharmacy in Iowa?
The Iowa Board of Pharmacy regulates the practice of pharmacy.
- Which agency approves new drugs pf pharmaceutical companies in Iowa?
The FDA must approve new drugs and biologics before they can be sold in interstate commerce. 22 The FDA regulatory processes for drugs and biologics are similar in general but distinct in some ways.
- What are the top pharmaceutical companies in Iowa?
Here are the top six pharmaceutical companies in Iowa
- Integrated DNA Technologies
- Bayer
- Johnson & Johnson
- Sanofi
- Novartis
- What’s the amount spent on new drugs in Iowa?
Pharmaceutical companies in Iowa spend up to $2.6 billion on every new drug.
A final thought about the pharmaceutical companies in Iowa
Each new drug costs pharmaceutical companies in Iowa up to $2.6 billion and takes up to 12 years to develop. Reduced R&D spending would result in fewer innovative drugs in the future. Early intervention with prescription drugs can help to avoid more costly treatment later.
According to one study, Part D has helped reduce hospital visits by nearly 10% over the last decade.
Already, hospital care costs three times as much as pharmaceuticals. With fewer drugs on the market, spending on hospital care is likely to rise even further.
Therefore, for the pharmaceutical companies in Iowa to grow further, new companies need to be established and more drugs developed.
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