Best pharmaceutical companies in Iran

The pharmaceutical companies in Iran are one of the most developed in the Middle East and  North Africa (“MENA”) region.

While originally Iranian pharmaceutical manufacturers only made over-the-counter (OTC) and generic drugs, they have since evolved into manufacturing more sophisticated drugs used in the treatment of various types of cancer, diabetes, and multiple sclerosis.

International sanctions have forced Iran to transition from, importing almost 100% of its pharmaceutical supplies, to manufacturing more than 60% locally.

This ensures the supply of vital medicines. Health insurance companies are among the largest market  drivers in the pharmaceutical industry

The Pharmaceutical Market Size in Iran

At the end of 2019, the Iranian pharmaceutical industry was valued at EUR 2.5 billion annually and is projected to grow to EUR31 billion by 2024.

With Iran currently producing 90% of the medicines for its people, Iranian manufacturers are now prioritizing developing partnerships with foreign pharmaceutical companies to improve the industry and quality standards.

Locally manufactured medicines are mainly generic and over-the-counter medicines, with some prescriptive proprietary ones, while imported medicines mainly consist of more expensive branded specialty medicines.

As a result, 10% of imported medicines exceed local products by units of value. In 2020, Iran’s pharmaceutical exports amounted to 90 million euros, mainly destined for Central Asia.

In recent years, the use of herbs and traditional medicines has increased in Western countries, giving Iran an opportunity to export these products to European markets, especially Germany. In 2019, pharmaceutical imports from Iran to Germany amounted to 26.95 million euros.

Pharmaceutical Companies in Iran

Find below a list of some of the pharmaceutical companies operating in Iran:

  • Alborz Darou Pharmaceutical Co.

Address: Tehran Province, Tehran, District 3, Navak St, Iran

Phone: +98 21 8819 2773

Website: visit here

  • Aburaihan ‌Pharmaceutical Co

Address: PGFF+QQV District 8, Tehran, Iran

Phone: +98 21 7770 7173

Website: Click Here

  • ALMAGEN DAROU

Address: No 39, Alvand ave Tehran, 1516673115 Iran

Phone: +98-2188671230

Website: visit

Revenue: $10.18 million

Year Started: 2001

Incorporated: 2002

  • Aminehgostar

Address: Tehran Province, Tehran, District 6, English NO.4, Yousef Alley, Gholamreza Tosi Ave, Tohid St, Tehran-IRAN، یوسف، Iran

Phone: +98 21 6691 1802

  • Aram Pharma

Address: Tehran, Zafar St, Iran

Phone: +98 21 2290 6011

Website: visit here

  • ARASTO PHARMACEUTICAL CHEMICAL INC

Address: No.8 23th Street, Jahan Ara Street Tehran, 1438933743 Iran

Phone: +98-2188332272

Website: click here

Revenue: $7.00 million

Year Started: 1991

Incorporated: 1991

  • BEHESTAN PLASMA COMPANY

Address: Unit 5, No 6, Nobahar Dd End, Ashrafi Esfahani Highway Tehran Iran

Phone: +98-2156490760

Website: click here

Revenue: $19.39 million

Year Started: 2016

Incorporated: 2016

  • Behinpaad Co.

Address: Tehran Province, Tehran, No.2, Morshedi Alley, Shariati Ave, Tehran,Iran، Morshedi Dead End, 19137 76984, Iran

Phone: +98 21 2226 6655

Website: visit here

  • BioSun Pharmed Head Office

Address: Tehran Province, Tehran, S Golestan St, Iran

Phone: +98 21 8860 3441

Website: click here

  • CASPIAN TAMIN PHARMACEUTICAL CO.

Address: No.3, Beastoon Ave Tehran, 14316 Iran

Phone: +98-2188965320

Website: click here

Revenue: $19.00 million

Year Started: 1983

Incorporated: 1983

  • Chimi Pharmed Pars

Address: Markazi Province, Kaveh Industrial City, خیابان 20، Iran

Phone: +98 86 4234 5141

Website: visit here

  • CINNAGEN

Address: Simaye Iran Street Tehran Iran

Phone: +98-2144666203

Website: click here

Revenue: $40.00 million

Year Started: 1994

Incorporated: 1994

  • DAANA PHARMA CO

Address: No:3, 6th Alley,Ghaem Magham Farhani Avenue Tehran Iran

Phone: +98-2188540632

Website: visit here

Revenue: $11.31 million

Year Started: 1998

Incorporated: 1990

  • Darmanyab pharma Building No.1

Address: P9PW+7PC, Tehran, Tehran Province, Iran

Phone: +98 21 87174

Website: click here

  • Daroupakhsh Pharmaceutical chemical

Address: Tehran Province, Tehran, Vardavard, Taleghani St, Iran

Phone: +98 21 4498 1191

Website: click here

  • ABIDI PHARMACEUTICALS

Address: Esteghlal Township Abidi St., Karaj Special Rd Tehran, 1389776363 Iran

Phone: +98-2144500229

Website: click here

Revenue: $11.31 million

Year Started: 1946

Incorporated: 1946

  • Exir Pharmaceutical Company

Address: VQJJ+G2M, Borujerd, Lorestan Province, Iran

Phone: +98 66 4260 0048

Website: click here

  • FARABI PHARMACEUTICALS CO

Address: Km 15, Esfahan -Shiraz Road Tehran, 8179159137 Iran

Phone: +98-3136540214

Revenue: $11.31 million

Year Started: 1993

Incorporated: 1989

  • FARAN SHIMI PHARMACEUTICAL COMPANY

Address: Building.No. 19 Parvin Street Tehran, 1966834944 Iran

Phone: +98-2157941000

Revenue: $56.57 million

Year Started: 2001

Incorporated: 2002

  • Iran Hormone

Address: P689+24G، منطقه ۲۱، Tehran Province, Iran

Phone: +98 21 4490 5517

Website: click here

  • Kimya Salamat Iranian

Address: Tehran Province, Tehran, Molla Sadra St, No. 60, Iran

Phone: +98 21 8866 8709

Website: visit here

  • Loghman Pharmaceutical Co.

Address: P66J+6PG District 21, تهران، Tehran Province, Iran

Phone: +98 21 4450 4121

  • MELLI AGRO CHEMICAL

Address: No.501 Pasdaran Street Tehran, 1957916435 Iran

Phone: +98-2144471636

Website: click here

Revenue: $4.53 million

Year Started: 1986

Incorporated: 1986

  • MIM Daroo Pharmaceutical Company

Address: PCPM+M2R District 7, Tehran, Tehran Province, Iran

Phone: +98 21 9662 1410

Website: visit here

  • Mofid Pharmaceutical Company

Address: Modava Pharmaceutical، Iran

Phone: +98 26 4423 7577

Website: visit here

  • Nikan Pharma

Address: Tehran Province, Tehran, Ahmadiyan St, Iran

Phone: +98 21 8870 7663

  • Novartis Pharma Services AG

Address: PCQ7+5W9 District 6, Tehran, Tehran Province, Iran

Phone: +98 21 8866 3436

Website: click here

  • NovoNordisk

Address: Tehran Province, Tehran, Valiasr St, Kian Tower, Iran

Phone: +98 21 8864 5221

Website: Click Here

  • Pardis Pharmed

Address: M9VH+RPV District 11, Tehran, Tehran Province, Iran

Phone: +98 21 6638 1304

Website: visit here

  • PDR Pharmaceutical

Address: Tehran, Unit 17,3rd Floor,No 14,Yas 3 str, Niayesh Highway,Shahran, 1 Square, Iran

Phone: +98 21 4403 7638

Website: visit here

PISHTAZ TEB ZAMAN

Address: No. 1, 3rd Yas Street Tehran, 1494734463 Iran

Phone: +98-2142197000

Website: click here

Revenue: $11.31 million

Year Started: 1998

Incorporated: 1998

  • Pooyesh Darou

Address: Tehran Province, Tehran, Dr Fatemi St, Iran

Phone: +98 21 8899 7248

Website: visit here

  • RAAYA PHARMA INNOVATIONS COMPANY

Address: W. Nahid Avenue Tehran, 1967756351 Iran

Phone: +98-2122660824

Website: visit

Revenue: $8.08 million

Year Started: 2012

Incorporated: 2012

  • Raha pharmaceutical co.

Address: Isfahan Province, Isfahan, کیلومتر 7 جاده شیراز– شهرک صنعتی صفه – واحد 11، Iran

Phone: +98 31 3654 0659

Website: visit here

  • Ronak Pharmaceutical Co.

Address: Tehran Province, Tehran, 3rd Floor, No. 85, Corner of 2/1 Alley, Square, Shahid Street, Shohada-ye-Gomnam, Iran

Phone: +98 21 9107 9170

Website: visit here

  • Shafayab Pharma

Address: No. 275, Dr. Beheshti Ave, Tehran,1514617711, Iran

Phone: +98 21 8874 4119

  • shookooh pharma co.

Address: Tehran Province, Tehran, iran, tehran ,sq. namjoo, ave. sheikh safi, Shahid Safi, No. 17, Iran

Phone: +98 21 7755 1912

Website: visit here

  • Sina Darou Laboratories

Address: 15th Kilometer Karaj Makhsoos Road Tehran, 33561 Iran

Phone: +98-2144194003

Website: visit here

Revenue: $42.22 million

Year Started: 1962

Incorporated: 1962

  • Tamin Pharmaceutical Investment Company

Address: Tehran Province, Tehran, Nahid, QCH8+GGP, Iran

Phone: +98 21 2204 7085

  • Tasnim Pharmaceutical

Address: Tehran Province, Tehran, Beyhaghi boulevard, 14 East Alley, No.3, Tasnim Building, Argentina Square, Iran

Phone: +98 21 8817 4865

Website: visit here

Challenges Faced by the Pharmaceutical Companies in Iran

Iran’s pharmaceutical industry needs modern production technologies and ways to increase savings.

Years of underdevelopment, economic slowdown, and subsequent lack of funding severely hampered the industry’s growth.

Public and private funds remain tight, reducing investment in research and new product development.

Innovative financing, for example via investment banks and specialized investment companies, is a new growth area.

The listing of shares on national stock exchanges by pharmaceutical companies also offers untapped potential for the development of new products. Mergers and acquisitions have helped to some extent to consolidate the sector and build large pharmaceutical holdings and more complete production chains.

Impact of Covid19 on the pharmaceutical companies in Iran

The global pandemic has prioritized spending on fighting COVID19 and reduced allocations for other important medicines to treat other diseases.

However, this is seen as a temporary change while the pandemic has strengthened international collaboration both to combat COVID19 and within the pharmaceutical sector in general.

In Iran, the pandemic is responsible for accelerated approvals of treatments related to Covid19 due to the IML and drug registration process.

Frequently Asked Questions about  the pharmaceutical companies in Iran

  • How many pharmaceutical companies are there in Iran?

There are about 100 active pharmaceutical manufacturing companies in Iran with more than 60 plants dedicated to manufacturing nearly 40 billion units of drug per year.

  • What are the regulatory and funding authorities for pharmaceutical companies in Iran?

In addition to compliance with trade regulations, registration and approval of new products is granted by the Food and Drug Administration of Iran (“IFDA”), an agency under the Ministry of Health and the Iranian Medical Education (“MOHME ’), responsible for regulating the pharmaceutical industry, including manufacturing,  distribution, and imports.

  • What are some of the innovations in the Iranian pharmaceutical market?

The Iranian government started the domestic production of 135 medical products in September 2019.

This, coupled with the large population and high chronic disease burden, is driving the growth of the local pharmaceutical market, with innovative international manufacturers ready to engage in domestic investment.

  • What are some of the business opportunities in the pharmaceutical industry?

Imports of pharmaceutical products reached 819.31 million euros in 2019 with estimates of 538.56 million euros in 2024 due to a currency crisis.

  • Who are some of the key stakeholders?

The Iranian pharmaceutical enterprise gives distinctive possibilities to European groups and SMEs.

However, marketplace access calls for deep expertise in the shape of the enterprise, the decision-making technique, and a way to increase key partnerships with the proper marketplace players.

Historically, Iran has been very essential to the international remedy. In historic times, the Mesopotamians carved prescriptions and analyses into stone tablets.

Avicenna, taken into consideration because the father of early present-day remedy with the aid of using growing the

Canon of Medicine and Muhammad ibn Zakariyaal-Razi observed medicinal alcohol (ethanol), each hail from Iran.

Conclusion

Since 2019, the Iranian authorities have delivered a complete medical insurance plan to all Iranians to cowl simple clinical costs.

This plan covers 70 % of the value of drugs with extra insurance for people with uncommon diseases.

According to the World Health Organization (WHO), all the medications included in the ultra-modern model of the WHO List of Essential Medicines are to be produced in Iran; with 100% coverage insurance.

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