17 PHARMACEUTICAL COMPANIES, INCLUDING 6 MAJOR MANUFACTURERS, OPERATE IN ARMENIA
Noyan Tapan
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.