The Pharmaceutical companies in Pennsylvania employ approximately 7,200 people across businesses and also generate $3 billion in wages across the state, with the average wage standing at $52,250 when implied remuneration.
In terms of pharmaceutical employment, Pennsylvania ranks second in the nation. From 1986 to 1996, the pharmaceutical industry grew by 25% (about 52,000 jobs) nationally, while Pennsylvania’s increased by 36% (about 7,200 jobs).
The majority of the state’s pharmaceutical companies, roughly 80%, are concentrated in and around Philadelphia.
A second, more minor concentration can be found in the Pittsburgh area. Approximately 20 firms are publicly traded. Some businesses are nearly 20 years old, while others are less than a year old.
New businesses form and then are sold or restructured, resulting in constant “churn.” Significantly, Pennsylvania’s oldest and largest public pharmaceutical companies are all home-grown, based on technology developed at the state’s research universities.
A pharmaceutical company’s path to profitability can take many years and cost hundreds of millions of dollars.
Only a few dozen pharmaceutical companies are profitable globally. One Pennsylvania company has achieved that status, and industry analysts believe that at least two other companies in the state are likely to succeed shortly.
The state of Pennsylvania’s long-term success in biotech cannot be assumed. Only states that actively address the needs of all firms, from startup to maturity, will be able to compete.
Innovations in the Pharmaceutical companies in Pennslyvania
One hundred years ago, the modern pharmaceutical industry began. Global medicine sales are currently estimated to be $300 billion per year, with the top 11 firms accounting for nearly half of that total market share. The largest pharmaceutical companies control nearly 35% of the market.
Rapid advances in technology are fueling the discovery of new molecules. At previously unheard-of rates, new compounds are being synthesized.
At the moment, 10,000 new molecules are synthesized and tested. When all pre-clinical and clinical costs of drug discovery and testing are considered, it now costs more than $300 million and takes an average of 13 years for a new drug to reach the market.
Some large pharmaceutical companies’ “pipelines” are shrinking, and they will not have new compounds to market when patents on current revenue-generating commodities expire.
Between 1990 and 1994, the ten largest pharmaceutical companies released five new drugs per year on average.
To maintain revenue growth of 10% per year, the output must increase to five new drugs per company per year, each with $350 million in annual sales. At the moment, half of all new drugs introduced each year have a market value of less than $100 million per year.
Rising costs and sluggish revenue growth are driving mergers among the world’s pharmaceutical behemoths.
There is also merger activity among pharmaceutical companies and agricultural/chemical producers.
The new behemoths hope to cut costs and increase market size through mergers by developing common “life sciences” technology platforms that can be applied across disciplines as diverse as human and animal health, plant engineering, and crop production.
As a result of changes in reimbursement policies, the pharmaceutical industry is also under increased pressure to control drug costs.
The pharmaceutical cluster’s economic potential
The opportunities that lie ahead for the pharmaceutical industry are technological, and they are also central to the biotech industry.
Advances in recombinant molecular chemistry, genomics, and bioinformatics are generating unprecedented research and business opportunities. There are over 1,300 biotech companies in the world today.
There are over 350 publicly traded companies. A dozen of them are profitable, representing nearly a doubling of the number of companies in the category from a year ago. Analysts predict that the category will grow by 16 to 20 firms over the next year. The biotech cluster’s combined sales now exceed $13 billion per year.
Pharmaceutical Companies in Pennslyvania
Here’s a list of some of the pharmaceutical companies operating in Pennslyvania:
Almac Group Incorporated
Address: 25 Fretz Rd Souderton, PA, 18964-2610 United States
Phone: (215) 660-8500
Website: Visit
Revenue: $521.38 million
Year Started: 2002
Incorporated: 2007
Amag Pharmaceuticals, Inc.
Address: 1150 1ST Ave Ste 940 King OF Prussia, PA, 19406-1363 United States
Phone: (617) 498-3300
Website: Visit
Revenue: $326.55 million
Sales Growth: -30.82%
Year Started: 1981
Incorporated: 1981
Amicus Therapeutics, Inc.
Address: 3675 Market St Ste 1400 Philadelphia, PA, 19104-5696 United States
Phone: (215) 921-7600
Website: Visit
Revenue: $305.51 million
Sales Growth: 43.16%
Year Started: 2002
Incorporated: 2002
Anchen Pharmaceuticals, Inc.
Address: 1400 Atwater Dr Malvern, PA, 19355-8701 United States
Phone: (949) 639-8100
Revenue: $49.52 million
Year Started: 2002
Incorporated: 2002
Auxilium Pharmaceuticals, LLC
Address: 1400 Atwater Dr Malvern, PA, 19355-8701 United States
Phone: (484) 321-5900
Revenue: $123.26 million
Year Started: 1999
Incorporated: 1999
Bausch & Lomb Incorporated
Address: 400 Somerset Corporate Blvd Bridgewater, NJ, 08807-2867 United States
Phone: (585) 338-6000
Website: Visit
Revenue: $2.14 billion
Year Started: 1853
Incorporated: 1908
Bayer Corporation
Address: 800 N Lindbergh Blvd Saint Louis, MO, 63141-7843 United States
Phone: (412) 777-2000
Website: Visit
Revenue: $2.21 billion
Year Started: 1973
Incorporated: 1986
Bilcare, Inc.
Address: 300 Kimberton Rd Ste 110 Phoenixville, PA, 19460-2114 United States
Phone: (610) 935-4300
Website: Visit
Revenue: $67.26 million
Year Started: 2005
Incorporated: 2005
Biospectra, Inc.
Address: 1474 Rockdale Ln Stroudsburg, PA, 18360-7361 United States
Phone: (610) 599-3400
Website: Visit
Revenue: $47.69 million
Year Started: 1995
Incorporated: 1995
Boiron, Inc.
Address: 4 Campus Blvd Newtown Square, PA, 19073-3200 United States
Phone: (610) 325-7464
Website: Visit
Revenue: $55.25 million
Year Started: 1910
Incorporated: 1978
Central Admixture Pharmacy Services, Inc.
Address: 6430 Oak Cyn Ste 200 Irvine, CA, 92618-5234 United States
Phone: (949) 660-2000
Website: Visit
Revenue: $149.38 million
Year Started: 1990
Cephalon, Inc.
Address: 145 Brandywine Pkwy West Chester, PA, 19380-4249 United States
Phone: (610) 344-0200
Website: Visit
Revenue: $457.14 million
Year Started: 1987
Incorporated: 1987
Cherokee Pharmaceuticals LLC
Address: 100 Ave C Riverside, PA, 17868 United States
Phone: (570) 271-4195
Revenue: $143.35 million
Year Started: 2007
Cima Labs Inc.
Address: 1090 Horsham Rd North Wales, PA, 19454-1505 United States
Phone: (763) 488-4700
Website: Visit
Revenue: $49.33 million
Year Started: 1986
Incorporated: 1986
Colorcon, Inc.
Address: 420 Moyer Blvd West Point, PA, 19486 United States
Phone: (215) 699-7733
Website: Visit
Revenue: $722.91 million
Year Started: 1983
Incorporated: 1983
Csl Behring L.L.C.
Address: 1020 1ST Ave King OF Prussia, PA, 19406-1310 United States
Phone: (610) 878-4000
Revenue: $1.76 billion
Year Started: 1996
Incorporated: 1995
Delavau L.L.C.
Address: 10101 Roosevelt Blvd Philadelphia, PA, 19154-2105 United States
Phone: (215) 671-1400
Website: Visit
Revenue: $94.05 million
Year Started: 2002
Endo Health Solutions Inc.
Address: 1400 Atwater Dr Malvern, PA, 19355-8701 United States
Phone: (484) 216-0000
Website: Visit
Revenue: $5.32 billion
Year Started: 1997
Incorporated: 1997
Frontage Laboratories, Inc.
Address: 700 Pennsylvania Dr Exton, PA, 19341-1129 United States
Phone: (610) 232-0100
Website: Visit
Revenue: $198.78 million
Year Started: 2001
Incorporated: 2004
Glaxosmithkline LLC
Address: 5 Crescent Dr Philadelphia, PA, 19112-1001 United States
Phone: (215) 751-4000
Website: Visit
Revenue: $1.06 billion
Year Started: 1967
Incorporated: 1929
Harmony Biosciences Holdings Inc.
Address: 630 W Germantown Pike Ste 215 Plymouth Meeting, PA, 19462-1069 United States Phone: (484) 539-9800
Website: click here
Revenue: $305.44 million
Year Started: 2017
Iroko Pharmaceuticals LLC
Address: One Kew Place 150 Rouse Boulevard Philadelphia, PA, 19112 United States
Phone: (267) 546-3003
Website: Visit
Revenue: $47.00 million
Year Started: 2007
Janssen Biotech, Inc.
Address: 800 Ridgeview Dr Horsham, PA, 19044-3607 United States
Phone: (610) 651-6000
Website: Visit
Revenue: $774.18 million
Year Started: 1979
Incorporated: 1979
Johnson Matthey Holdings, Inc.
Address: 435 Devon Park Dr Ste 600 Wayne, PA, 19087-1998 United States
Phone: (610) 971-3000
Website: Visit
Revenue: $816.34 million
Year Started: 1998
Incorporated: 1998
Kvk-Tech, Inc.
Address: 110 Terry Dr Newtown, PA, 18940-3427 United States
Phone: (215) 579-1842
Website: Visit
Revenue: $117.54 million
Year Started: 2003
Incorporated: 2003
Lannett Company, Inc.
Address: 1150 Northbrook Dr Ste 155 Trevose, PA, 19053-8449 United States
Phone: (215) 333-9000
Revenue: $478.78 million
Sales Growth: -12.27%
Year Started: 1942
Incorporated: 1991
Lifescan, Inc.
Address: 20 Valley Stream Pkwy Ste 100 Malvern, PA, 19355-1430 United States
Phone: (800) 227-8862
Website: Visit
Revenue: $532.74 million
Year Started: 1981
Incorporated: 1981
Mutual Pharmaceutical Company, Inc.
Address: 1100 Orthodox St Philadelphia, PA, 19124-3199 United States
Phone: (215) 288-6500
Revenue: $70.37 million
Year Started: 1984
Incorporated: 2012
Mylan Inc.
Address: 1000 Mylan Blvd Canonsburg, PA, 15317-5853 United States
Phone: (724) 514-1800
Website: click here
Revenue: $855.81 million
Year Started: 1970
Incorporated: 1970
Optinose, Inc.
Address: 1020 Stony Hill Rd Ste 300 Yardley, PA, 19067-5539 United States
Phone: (267) 364-3500
Website: Visit
Revenue: $74.65 million
Sales Growth: 41.83%
Year Started: 2000
Incorporated: 2010
Orasure Technologies, Inc.
Address: 220 E 1ST St Bethlehem, PA, 18015-1360 United States
Phone: (610) 882-1820
Website: Visit
Revenue: $233.67 million
Sales Growth: 11.07%
Year Started: 1981
Incorporated: 2000
Piramal Healthcare, Inc.
Address: 3950 Schelden Cir Bethlehem, PA, 18017-8936 United States
Phone: (610) 974-9760
Website: click here
Revenue: $126.54 million
Year Started: 2008
Incorporated: 2008
Recro Pharma, Inc.
Address: 490 Lapp Rd Malvern, PA, 19355-1212 United States
Phone: (484) 395-2470
Website: Visit
Revenue: $75.36 million
Sales Growth: -32.98%
Year Started: 2007
Incorporated: 2007
Sanofi Pasteur Inc.
Address: 1 Discovery Dr Swiftwater, PA, 18370-9100 United States
Phone: (570) 839-7187
Revenue: $686.23 million
Year Started: 1977 Incorporated: 1977
Shire US Manufacturing Inc.
Address: 1200 Morris Dr Wayne, PA, 19087-5507 United States
Phone: (484) 595-8800
Revenue: $136.64 million
Year Started: 1996
Incorporated: 1994
Soleo Health Inc.
Address: 950 Calcon Hook Rd Ste 19 Sharon Hill, PA, 19079-1822 United States
Phone: (888) 244-2340
Website: Visit
Revenue: $107.09 million
Year Started: 2014
Incorporated: 2014
Spark Therapeutics, Inc.
Address: 3737 Market St Ste 1300 Philadelphia, PA, 19104-5543 United States
Phone: (888) 772-7560
Website: Visit
Revenue: $64.72 million
Year Started: 2014
Incorporated: 2013
Teva Branded Pharmaceutical Products R&D, Inc.
Address: 41 Moores Rd Malvern, PA, 19355-1113 United States
Phone: (215) 591-3000
Website: Visit
Revenue: $92.63 million
Year Started: 2003
Torrent Pharma Inc.
Address: 2091 Hartel Ave Levittown, PA, 19057-4506 United States
Phone: (215) 949-3711
Website: Visit
Revenue: $63.90 million
Year Started: 2004
Incorporated: 2004
V L H Inc
Address: 600 Boyce Rd Pittsburgh, PA, 15205-9742 United States
Phone: (800) 245-4440
Revenue: $98.48 million
Year Started: 1954
Incorporated: 1990
Frequently Asked Questions about pharmaceutical companies in Pennsylvania
How many pharmaceutical companies are there in Pennsylvania?
In Pennsylvania, the core biotech industry consists of 100 to 150 establishments employing approximately 7,900 people. The research covers a wide range of topics.
What’s the rank of the pharmaceutical sector in Pennslyvania?
Pennsylvania ranks fifth in the country in terms of the number of companies listed in the BIO International directory.
Who are the pharmaceutical giants in Pennslyvania?
These are five of the pharmaceutical giants in Pennsylvania namely;
- GlaxoSmithKline
- Pfizer
- Merck & Co. Inc.
- AstraZeneca PLC
- Teva Pharmaceuticals
Which body is responsible for drug control in Pennslyvania?
Pennsylvania Drug, Device, and/or Cosmetic (DDC) Registration – Devices-Medical: Manufacturer, Reprocessor, Distributor, or Retailer is responsible for regulating drug control in Pennslyvania.
Final thought
With the help of the Pennsylvania Biotechnology Association, the Ben Franklin Technology Centers, and other public and private sector organizations, Pennsylvania can take significant national and international leadership in the pharmaceutical and biotechnology development and growth.
The state’s mix of young pharmaceutical firms, established multinational pharmaceutical behemoths, premier teaching hospitals, academic research laboratories, and related businesses is already among the richest in the world.
Pennsylvania can meet and even exceed technological goals with a well-planned collaborative effort.
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Chibueze Uchegbu is a certified medical physiologist with a great passion for healthy living.
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