The pharmaceutical companies in Michigan are made up of medicine producers, biotechnology firms, and distribution and wholesale companies that handle the products.
These companies are mostly concerned with chemical and biological chemicals used in medicine and veterinary medicine.
Companies that produce similar goods, such as vitamins, other health supplements, or diagnostic compounds, are also included.
The majority of the industry’s revenue is generated by drug businesses that manufacture prescription, generic, and over-the-counter medications for medical or veterinary use.
Biotechnology firms in Michigan vary from typical medication businesses in that they use biological knowledge to modify live cells derived from animals or plants. Biotechnology firms, like medicine corporations, place a higher emphasis on research.
In comparison to other businesses, the pharmaceutical companies in Michigan spend a comparatively high amount of revenue on substantial R&D (Research and Development) and is one of the major employers of scientists.
The next phase is screening, which involves testing the medicine on bacteria cultures first, and subsequently on animals.
Finally, clinical studies are carried out, during which the medicine is evaluated on humans. All that remains is for the drug to be approved for production.
Michigan Pharmaceutical Trends
One issue with this industry’s constant expansion is that every growth necessitates investment. Investment necessitates cash, and corporations raise their product prices to make up the gap. Prices are rising as R&D spending on medicines and biotechnology increases daily.
These price rises are occurring at such a rapid pace that some fear that unless there is control, only the rich will be able to purchase medicine.
It remains an issue since Healthcare Providers are progressively tightening down on defining vital medical charges that they cover against non-essentials that they do not, forcing doctors to prescribe other remedies.
Because of the high costs of drug development and the intricacies of the regulatory and approval processes, a new trend of big pharmaceutical companies in Michigan cooperating with smaller pharmaceuticals has emerged.
Small businesses frequently have the right idea and the competent scientists to perform the job, but they struggle to raise the required funds to continue intense research.
Furthermore, they are frequently inexperienced in navigating the complicated approval procedure and regulatory environment.
Big Pharma, on the other hand, has a difficult time coming up with fresh concepts and continually inventing. When the two collaborate, the synergies they produce are tremendous. With Big Pharma’s resources and knowledge, startups can bring pharmaceuticals to market quickly, effectively, and cheaply, while Big Pharma gains access to potentially blockbuster drugs.
This current tendency is partly a result of government and consumer push to develop more preventative drugs rather than treatments. Small startups and Big Pharma are more efficient and capable of producing new goods when their resources are pooled.
The rising standard of living in Michigan has spawned a new trend for pharmaceutical companies, which are focusing on conquering high-growth developing markets.
The exports of research and the establishment of in-country pharmaceutical companies in Michigan have become significant developments for the sector. Companies may join these areas more profitably now that technology is expanding and enabling quick innovation. When it comes to coping with this tendency, Michigan is a prominent state.
Recently, investigations and prosecutions involving worldwide compliance issues have led to financial judgments and criminal convictions against large pharmaceutical corporations, notably in Michigan.
Expanding regulatory pressures are creating an urgent need for pharmaceutical businesses to provide practical and effective solutions to the issues of integrating governance, risk, and compliance on a worldwide scale.
Technology, as in many other businesses, is a primary driver. In the pharmaceutical industry in Michigan, technology is everything.
The most recent technical advances have been stem cell research and application, as well as the advent of nanotechnology as a supplement to pharmaceuticals in the treatment of patients.
Patent expiry is a serious concern for certain businesses since their main product becomes generically available, reducing profitability.
Multinational pharmaceutical businesses require and anticipate intellectual property rights to be properly enforced in relatively strong markets, however, this is not always the case.
Numerous local producers are able to develop low-cost counterfeit replicas of copyrighted pharmaceuticals, which frequently find their way into Western markets. The enforcement of intellectual property rights is improving.
Pharmaceutical companies in Michigan
Here’s a list of some of the pharmaceutical companies in Michigan:
Aapharmasyn LLC
Address: 3915 Research Park Dr Ste 1A Ann Arbor, MI, 48108-2200 United States
Phone: (734) 213-2123
Revenue: $3.29 million
Year Started: 2007
Abaco Partners LLC (Surefil)
Address: 4560 Danvers Dr SE Kentwood, MI, 49512-4039 United States
Phone: (616) 532-1700
Website: Visit
Revenue: $19.94 million
Year Started: 2010
Affiliated Troy Dermatologist
Address: 4600 Investment Dr Troy, MI, 48098-6365 United States
Phone: (248) 267-5020
Website: Visit
Revenue: $2.77 million
Year Started: 2000
Alticor Global Holdings Inc.
Address: 7575 Fulton Street E Ada, MI, 49301 United States
Phone: (616) 787-1000
Website: Visit
Revenue: $2.34 billion
Year Started: 2004
Incorporated: 2004
Ash Stevens LLC
Address: 18655 Krause St Riverview, MI, 48193-4260 United States
Phone: (734) 282-3370
Website: Visit
Revenue: $41.90 million
Year Started: 1952
Incorporated: 1993
Avomeen, LLC
Address: 4840 Venture Dr Ann Arbor, MI, 48108-9559 United States
Phone: (734) 222-1090
Website: Visit
Revenue: $11.20 million
Year Started: 2010
Biosan Laboratories, Inc.
Address: 1950 Tobsal Ct Warren, MI, 48091-1351 United States
Phone: (586) 755-8970
Website: Visit
Revenue: $2.53 million
Year Started: 1973
Incorporated: 1973
Bryllan, LLC
Address: 12501 Grand River Rd Brighton, MI, 48116-8389 United States
Phone: (248) 442-7620
Website: Visit
Revenue: $2.01 million
Year Started: 2009
Cayman Chemical Company Incorporated
Address: 1180 E Ellsworth Rd Ann Arbor, MI, 48108-2419 United States
Phone: (734) 971-3335
Website: Visit
Revenue: $62.17 million
Year Started: 1980
Incorporated: 1997
Charles Bowman & Company
Address: 3328 John F Donnelly Dr Holland, MI, 49424-9294 United States
Phone: (616) 786-4000
Revenue: $5.37 million
Year Started: 1946
Incorporated: 1946
Corium, Inc.
Address: 4558 50TH St SE Grand Rapids, MI, 49512-5401 United States
Phone: (650) 298-8255
Website: Visit
Revenue: $31.86 million
Sales Growth: -3.51%
Year Started: 1995
Incorporated: 2002
DSC Laboratories, Inc.
Address: 1979 Latimer Dr Muskegon, MI, 49442-6229 United States
Phone: (800) 492-5988
Website: Visit
Revenue: $9.80 million
Year Started: 1969
Elba, Inc.
Address: 1925 W Maple Rd Ste B Troy, MI, 48084-7116 United States
Phone: (248) 288-6098
Revenue: $12.19 million
Year Started: 1982
Emergent Biodefense Operations Lansing LLC
Address: 3500 N Martin Luther King Jr Blvd Lansing, MI, 48906-2933 United States
Phone: (517) 327-1500
Website: Visit
Revenue: $99.23 million
Year Started: 1998
Incorporated: 1998
Esperion Therapeutics, Inc.
Address: 3891 Ranchero Dr Ste 150 Ann Arbor, MI, 48108-2837 United States
Phone: (734) 887-3903
Revenue: $78.45 million
Sales Growth: -65.52%
Year Started: 2008
Incorporated: 2008
Ferndale Pharma Group, Inc.
Address: 780 W 8 Mile Rd Ferndale, MI, 48220-2422 United States
Phone: (248) 548-0900
Revenue: $63.92 million
Year Started: 1897
Incorporated: 2004
Grand River Aseptic Manufacturing, Inc.
Address: 140 Front Ave SW Grand Rapids, MI, 49504-6426 United States
Phone: (616) 678-2400
Website: Visit
Revenue: $49.98 million
Year Started: 2010
Hello Life, Inc.
Address: 4655 Patterson Ave SE Ste C Grand Rapids, MI, 49512-5337 United States
Phone: (616) 808-3290
Website: Visit
Revenue: $4.87 million
Year Started: 2010
Kassouni Manufacturing, Inc.
Address: 815 S Front St Belding, MI, 48809-2235 United States
Phone: (616) 794-0989
Website: Visit
Revenue: $9.06 million
Year Started: 1986
Incorporated: 1986
Koppert Biological Systems Inc.
Address: 1502 N Old US 23 Howell, MI, 48843-9036 United States
Phone: (734) 641-3763
Website: Visit
Revenue: $10.64 million
Year Started: 1994
Lxr Biotech, LLC
Address: 4225 N Atlantic Blvd Auburn Hills, MI, 48326-1578 United States
Phone: (248) 860-4246
Website: Visit
Revenue: $5.00 million
Year Started: 2011
Meridianrx, LLC
Address: 1 Campus Martius Ste 750 Detroit, MI, 48226-5013 United States
Phone: (855) 323-4580
Website: Visit
Revenue: $21.20 million
Year Started: 2009
Millendo Tempest Transactionsub, Inc.
Address: 301 N Main St Ste 100 Ann Arbor, MI, 48104-1296 United States
Phone: (734) 845-9300
Website: Visit
Revenue: $2.69 million
Year Started: 2012
Neogen Corporation
Address: 620 Lesher Pl Lansing, MI, 48912-1595 United States
Phone: (517) 372-9200
Website: Visit
Revenue: $468.46 million
Sales Growth: 12.03%
Year Started: 1982
Incorporated: 1981
Oxford Biomedical Research, Inc.
Address: 4600 Gardner Rd Metamora, MI, 48455-9108 United States
Phone: (248) 852-8815
Website: Visit
Revenue: $2.62 million
Year Started: 1984
Pancheck, LLC
Address: 221 N Saginaw St Durand, MI, 48429-1165 United States
Phone: (989) 288-6886
Website: Visit
Revenue: $2.07 million
Year Started: 2018
Pfizer Parkedale Pharmaceuticals, Inc.
Address: 1200 Parkdale Rd Rochester, MI, 48307-1744 United States
Phone: (248) 650-6400
Website: Visit
Revenue: $17.41 million
Year Started: 1997
Incorporated: 1997
Perrigo Company
Address: 515 Eastern Ave Allegan, MI, 49010-9070 United States
Phone: (269) 673-8451
Website: Visit
Revenue: $2.50 billion
Year Started: 1987
Incorporated: 1988
Rockwell Medical, Inc.
Address: 30142 S Wixom Rd Wixom, MI, 48393-3440 United States
Phone: (248) 960-9009
Website: Visit
Revenue: $62.20 million
Sales Growth: 1.46%
Year Started: 1995
Incorporated: 2019
Safe N’ Simple LLC
Address: 5827 Terex Clarkston, MI, 48346-1717 United States
Phone: (248) 875-0840
Website: Visit
Revenue: $2.60 million
Year Started: 2007
Solohill Engineering, Inc.
Address: 4370 Varsity Dr Ste B Ann Arbor, MI, 48108-2359 United States
Phone: (734) 973-2956
Revenue: $3.62 million
Year Started: 1984
Incorporated: 1984
Swift Biosciences, Inc.
Address: 674 S Wagner Rd Ste 100 Ann Arbor, MI, 48103-9002 United States
Phone: (734) 330-2568
Website: Visit
Revenue: $2.96 million
Year Started: 2009
Incorporated: 2009
The Tetra Corporation
Address: 1606 Hults Dr Eaton Rapids, MI, 48827-8955 United States
Phone: (401) 529-1630
Website: Visit
Revenue: $6.59 million
Year Started: 2009
Total Life Changes, LLC
Address: 6094 Corporate Dr Fair Haven, MI, 48023-1422 United States
Phone: (810) 471-3812
Website: Visit
Revenue: $62.20 million
Year Started: 2001
Uckele Health and Nutrition Inc
Address: 5600 Silberhorn Hwy Blissfield, MI, 49228-9529 United States
Phone: (800) 248-0330
Website: Visit
Revenue: $35.63 million
Year Started: 1962
Incorporated: 1976
Velesco Pharmaceutical Services, Inc.
Address: 46701 Commerce Center Dr Plymouth, MI, 48170-2475 United States
Phone: (734) 274-9877
Website: Visit
Revenue: $4.98 million
Year Started: 2007
Incorporated: 2007
Vericel Corporation
Address: 64 Sidney St Cambridge, MA, 02139-4170 United States
Phone: (617) 588-5555
Website: Visit
Revenue: $156.18 million
Sales Growth: 25.77%
Year Started: 1989
Incorporated: 1989
Versant Medical Physics and Radiation Safety, LLC
Address: 119 N Church St Ste 201 Kalamazoo, MI, 49007-3744 United States
Phone: (888) 316-3644
Website: Visit
Revenue: $7.97 million
Year Started: 2013
Welchdry, Inc.
Address: 4270 Sunnyside Dr Holland, MI, 49424-8653 United States
Phone: (616) 399-2711
Website: Visit
Revenue: $6.09 million
Year Started: 1989
Incorporated: 1989
Zomedica Pharmaceuticals Inc.
Address: 100 Phoenix Dr Ste 125 Ann Arbor, MI, 48108-2600 United States
Phone: (734) 369-2555
Website: Visit
Revenue: $4.13 million
Year Started: 2015
Incorporated: 2015
Faqs about the pharmaceutical companies in Michigan
- Why did Pfizer decide to leave Ann Arbor?
That should come as no surprise given that Pfizer left Michigan permanently in 2008, claiming the need to save money.
The company’s Ann Arbor facility alone — a two million-square-foot area – employed 3,600 individuals, the majority of whom worked in research and development.
- Who is responsible for regulating pharmaceutical companies in Michigan?
The following agencies are responsible for regulating the affairs of pharmaceutical companies in Michigan:
- Michigan Board of Pharmacy
- Michigan Department of Health & Human Services
- In Michigan, how many independent pharmacies are there?
According to Quest Analytics research of the Arizona-based National Council for Prescription Drug Programs, the number of independent pharmacies in Michigan climbed 21 percent between 2011 and 2021, from 898 to 1,088.
- What are the leading pharmaceutical companies in Michigan?
- Diplomat Pharmacy
- Lycera
- L Perrigo Company
- AvaSure
- Hygieia
Conclusion
The pharmaceutical companies in Michigan have a bright but difficult future. With an elderly population that consumes three times as many medications as younger people, a growing global middle class, and new technology, demand is likely to rise and the potential to expand. Drug spending is predicted to quadruple between 2000 and 2050, with a market value of $1.6 trillion by 2050.
As demand grows, pharmaceutical companies in Michigan are increasingly relying on substantial technological developments and pooling resources to produce game-changing drugs.
The sector has the potential to globalize and spread with the support of increasing free trade.
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Chibueze Uchegbu is a certified medical physiologist with a great passion for healthy living.
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