The pharmaceutical companies in Latvia have a long history and keep gaining ground every day.
The pharmaceutical industry ranks fifth in terms of sales in the manufacturing sector (8.3% in 2019), fifth among other industries in terms of the number of employees (7.1% in 2019), and fifth based on the export share of industry sales (75.2% in 2019). According to the Central Statistical Office, the industry comprised around 500 companies in 2019.
Due to historical traditions, Latvia has a strong fine chemicals and pharmaceuticals manufacturing base and manufactures a wide range of products ranging from petrochemicals and man-made fibers to paints and household chemicals with 25% of all new Soviet drug technology developed here.
Every fourth medicinal preparation made in the former USSR and destined for the USSR market was actually made in Latvia.
Existing and extensive RandD bases and good cooperation between industry and science currently cover the following research areas: microbiological synthesis, wood chemistry, virology, synthesis of physiologically active substances, bio-organic chemistry, molecular biology, genetics, biotechnology, biomechanics, magneto biology, etc.
Pharmaceutical companies in Latvia
In this section, you will find a detailed list of some pharmaceutical companies in Latvia:
- BALTIJAS TERAPEITISKAIS SERVISS
Director: Aleksandrs Cesass
Address: 9 Selpils iela Riga, LV-1007 Latvia
Phone: +371-67450905
Revenue: $3.76 million
website: click here
- DABAS VIELU FARMACIJAS LABORATORIJA ‘FITOSAN’
Director: Ilze Vetra
Address: 2A Mores iela, Sigulda Siguldas novads, LV-2150 Latvia
Phone: +371-67976056
Revenue: $93,753
website: visit
- DEIRO SIA
Director: Andris Malcenieks
Address: 32 – 1A Aspazijas bulvaris Riga, LV-1050 Latvia
Phone: +371-67212886
Revenue: $353,552
- ECO INNOVATION INSTITUTE
Director: Evita Dimante
Address: 39 Ogre Akmenu iela, Ogre Ogres novads, LV-5001 Latvia
Revenue: $244,078
- Elasma SIA
Director: Igor Khasin
Address: 1A Citadeles iela Riga, LV-1010 Latvia
Phone: +371-29676581
Revenue: $3,507
- EUROPHA
Director: Gatis Deksnis
Address: 9 Sigulda Vizbulu iela, Sigulda Siguldas novads, LV-2150 Latvia
Phone: +371-26599393
Revenue: $11,064
- EUROTEX SIA
Director: Intars Glinda
Address: 69 Jurmalas gatve Riga, LV-1067 Latvia
Revenue: $7,238
- EvroVak
Director: Nina Linde
Address: Jaunmarupe, Mazcenu aleja 13 – 35 Marupes novads, LV-2166 Latvia
Revenue: $244,078
- Farma PET SIA
Director: Gunars Innuss
Address: 86 k-1 Matisa iela Riga, LV-1009 Latvia
Revenue: $1.23 million
website: visit here
- FARPAX SIA
Director: Pavels Melniconoks
Address: 26 Dzirnieku iela, Marupe Marupes novads, LV-2167 Latvia
Revenue: $433,749
- GRINDEKS AS
Director: Juris Hmelnickis
Address: 53 Krustpils iela Riga, LV-1057 Latvia
Phone: +371-67083205
Website: visit
Revenue: $156.46 million
- GriPharma Healthcare
Director: Aleksandrs Mezeckis
Address: 9 – 43 Jana Asara iela Riga, LV-1009 Latvia
Phone: +371-20011787
Revenue: $1,062
- INnovative NATURE
Director: Agnis Martins Berzins
Address: 3 – 24 Rigondas gatve Riga, LV-1067 Latvia
Phone: +371-29409920
Revenue: $1,328
- Kalceks
Address: Krustpils iela 71A, Latgales priekšpilsēta, Rīga, LV-1057, Latvia
Phone: +371 67 083 320
Website: click here
- LARIFANS SIA
Director: Guna Feldmane
Address: 2B Kurbada iela Riga, LV-1009 Latvia
Phone: +371-67427462
Revenue: $497,248
- LATBIOTEK KO
Director: Aleksandrs Izotovs
Address: 1 – 2 Liepu iela Jurmala, LV-2008 Latvia
Revenue: $732,234
- Latima SIA
Director: Jurgis Auzins
Address: 7C Atlasa iela Riga, LV-1026 Latvia See other locations
Phone: +371-67798004
Revenue: $90,053
- Lotos Pharma SIA
Director: Kaspars Ivanovs
Address: 1 – 39 Pernavas iela Riga, LV-1012 Latvia
Phone: +371-26002554
Website: visit here
Revenue: $2.08 million
- LMP SIA
Director: Janis Mikelsons
Address: 1 Vietalvas iela Riga, LV-1009 Latvia
Phone: +371-67040788
Website: visit
Revenue: $1.19 million
- MEDICAMINA SIA
Director: Juris Kaimins
Address: 20c Gaismas iela, Salaspils Salaspils novads, LV-2169 Latvia
Phone: +371-28380999
Revenue: $202,107
- MEDPRO INC.
Director: Eriks Masteiko
Address: 15/17 Gertrudes iela Riga, LV-1011 Latvia
Revenue: $732,234
- NordePlast SIA
Director: Romans Gramiko
Address: 19 Ziemelu iela Liepaja, LV-3405 Latvia
Phone: +371-20037773
Revenue: $485,174
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- NORTHERN SYNTHESIS SIA
Director: Eriks Masteiko
Address: 15/17 Gertrudes iela Riga, LV-1011 Latvia
Phone: +371-67270124
Revenue: $2.37 million
- Olainfarm AS
Director: Janis Buks
Address: 5 Rupnicu iela, Olaine Olaines novads, LV-2114 Latvia
Phone: +371-67013705
Website: visit here
Revenue: $144.47 million
- OLALEX SIA
Director: Kristaps Erglis
Address: Mazcenu aleja 6A, Jaunmarupe Marupes novads, LV-2166 Latvia
Phone: +371-20221199
Revenue: $74,112
- OLKO SIA
Director: Vladimirs Rusinovs
Address: 3 – 104 Detlava Brantkalna iela Riga, LV-1082 Latvia
Phone: +371-67551713
Revenue: $2.12 million
- Pharma art
Director: Dace Daubure
Address: 68 – 60 Atmodas iela Jelgava, LV-3007 Latvia
Revenue: $732,234
- PHARMIDEA SIA
Director: Iskandar Ismagilov
Address: 4 Rupnicu iela, Olaine Olaines novads, LV-2114 Latvia
Phone: +371-67069889
Website: visit here
Revenue: $8.81 million
- PINEFORM
Director: Uldis Parsans
Address: 24 Mencu iela Riga, LV-1016 Latvia
Revenue: $732,234
- PURIFIED
Director: Kristaps Erglis
Address: Jaunmarupe, Mazcenu aleja 6A Marupes novads, LV-2166 Latvia
Phone: +371-29101144
Revenue: $28,424
- RIGAS FARMACEITISKA FABRIKA
Director: Vilma Druliene
Address: 10 Ozolu iela Riga, LV-1005 Latvia
Phone: +371-67355550
Revenue: $6.01 million
- SAAR SIA
Director: Nadezda Sabazova
Address: 29 – 25 Veca Bikernieku iela Riga, LV-1079 Latvia
Phone: +371-67531922
Revenue: $36,761
- SIA Lundbeck Latvia
Address: Kleistu iela 24, Kurzemes rajons, Rīga, LV-1067, Latvia
Phone: +371 67 067 884
- SILVANOLS SIA
Director: Liene Purina
Address: 2A Kurbada iela Riga, LV-1009 Latvia
Phone: +371-67142829
Revenue: $4.40 million
- SOLFARM SIA
Director: Eduards Grigorcuks
Address: 81 – 61 Dzelzavas iela Riga, LV-1084 Latvia
Revenue: $732,234
- Teva Latvia / Sicor Biotech UAB
Address: Zaļā iela 1, Centra rajons, Rīga, LV-1010, Latvia
Phone: +371 67 323 666
- VALGUNDE SIA
Director: Vilnis Barovskis
Address: Vitolini Jelgavas novads, LV-3017 Latvia
Phone: +371-63020519
Revenue: $119,235
- Vivacell SIA
Director: Gleb Mikhailik
Address: 1 Zala iela Riga, LV-1010 Latvia See other locations
Revenue: $66,743
Conclusion on the pharmaceutical companies in Latvia
The pharmaceutical sector has always been one of the most important manufacturing sectors in Latvia.
Furthermore, the number of employees in the pharmaceuticals sub-sector has remained relatively stable in recent years, it even increased while employment fell nationwide, it is clear that companies have increased their productivity. This also impacted positively the economy of the nation
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