Pharmaceuticals

Today’s global pharmaceutical industry demonstrates consistent growth in production, sales and overall profitability.

Domestic pharmaceutical market is relatively small, however, it provides easy access to other major regional developing markets such as CIS and Middle East.

Despite the limited market scope, there are growing opportunities for producing low-volume drugs and herbal medicine that larger manufacturers find inefficient to produce. Armenia has a competitive advantage due to its old traditions and experience in the chemical and pharmaceutical industries, educated and qualified workforce and investment opportunities. Substantial opportunities also exist in the field of clinical trials, with both qualified experts and modern facilities. At the same time pharmaceutical regulations are currently undergoing a major overhaul, with the intent to bring them in line with international best practices.

ADWISE Consulting with its team of experts is happy to support pharmaceutical product importers and wholesalers, foreign pharmaceutical companies, clinical research organizations and other industry firms in providing forward-looking and result-driven approach to their business ideas. Our team provides a wide range of services such corporate registration and legal support consulting, corporate structuring, financial management and other.