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17 Pharmaceutical Companies, Including 6 Major Manufacturers, Operat

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  • 17 Pharmaceutical Companies, Including 6 Major Manufacturers, Operat

    17 PHARMACEUTICAL COMPANIES, INCLUDING 6 MAJOR MANUFACTURERS, OPERATE IN ARMENIA

    Noyan Tapan
    http://www.nt.am?shownews=1009664
    Nov 12, 2008

    YEREVAN, NOVEMBER 12, NOYAN TAPAN. 17 pharmaceutical companies
    currently operate in Armenia. According to "The Investment Manual
    of Armenia's Pharmaceutical Sector" (September, 2008), there
    are 6 major pharmaceutical manufacturers in the country: Liqvor
    Pharmaceuticals CJSC, PharmaTech CJSC, Arpimed CJSC, Esculap Ltd,
    Yerevan Chemical-Pharmaceutical OJCS, and Vitamax-E Ltd.

    As of July 2008, there were more than 170 importers of medicines,
    10 wholesalers and about 800 retail sale points and drugstores in
    the pharmaceutical sector of the country. 4 main networks of retail
    trade include Alphapharm, Natali Pharm, 911 and Esculap.

    In 2007, the production of the Armenian pharmaceutical sector made
    7.6 mln USD, exports - 3.7 mln USD, imports - 100 mln USD. Imports
    account for 90% of the domestic market. 36% of domestic production is
    exported to Russia, 27% to Georgia, 9% to Turkmenistan, 6% to Belarus,
    5% to Ukraine, 4% to Uzbekistan, 4% to Japan, and 9% of pharmaceutical
    production is exported to other countries.
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