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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