Top 20 Pharmaceutical Companies In Cyprus In 2024
With the increasing global awareness of health and the growing demand for medical care, the pharmaceutical industry still has enormous potential for development. As an island nation, Cyprus’ pharmaceutical industry may not be as developed or diversified as some large economies or pharmaceutical powerhouses.
However, Cyprus also has a certain number of pharmaceutical companies focused on different business areas, including drug research and development, production, sales, and providing related medical solutions. What do you know about pharmaceutical companies in that country?
Today, let’s explore the top 20 pharmaceutical companies in Cyprus in 2024.
| Rank | Company | Location |
| 1 | AGETIS Supplement | Limassol, Cyprus |
| 2 | C. G. Papaloisou Ltd | Latsia, Cyprus |
| 3 | D&FISHER CO LTD | Strovolos, Cyprus |
| 4 | Delorbis Pharmaceuticals Ltd | Lefkosia, Cyprus |
| 5 | George Petrou Ltd | Latsia, Cyprus |
| 6 | KIPA. Pharmacal Ltd | Larnaca, Cyprus |
| 7 | MEFAL Public LTD | Aradippou, Cyprus |
| 8 | Medochemie Ltd | Limassol, Cyprus |
| 9 | Pharmaceutical Trading Co | Larnaca, Cyprus |
| 10 | Remedica | Kato Polemidia, Cyprus |
| 11 | CC - T.C. CHRISTOFOROU LTD | Larnaka, Cyprus |
| 12 | C.A.papaellinas Ltd | Nicosia, Cyprus |
| 13 | Phadisco Ltd | Latsia, Cyprus |
| 14 | Cazacor Trading Ltd | Nicosia, Cyprus |
| 15 | Merkez Ecza (Pharmaceuticals) Deposu Ltd | Nicosia, Cyprus |
| 16 | Filomedica Trading | Aradippou, Cyprus |
| 17 | P.T. Hadjigeorgiou Co Ltd | Limassol, Cyprus |
| 18 | Golgi Pharmaceuticals Ltd | Strovolos, Cyprus |
| 19 | I.S.A. Pharmaceutical Ltd | Larnaca, Cyprus |
| 20 | Medilink Pharmaceuticals Ltd | Strovolos, Cyprus |
1.AGETIS Supplement
Headquarter: Limassol, Cyprus
AGETIS Supplement background:
AGETIS Supplement was established in 2005, mainly involved in the fields of medicine and health products, especially nutritional supplements and mineral food supplements. The company focuses on scientific formulas and efficient absorption, aiming to meet the nutritional needs of specific populations.
AGETIS Supplement is committed to becoming a high-quality brand in the field of health products, providing consumers with scientific, safe, and effective nutritional supplements.
Key products:
ATUSS SYRUP
Recommend Reason
- The company has introduced and marketed a diverse array of products, catering to the varying treatment requirements of diverse patient populations.
- With a focus on addressing the necessities across multiple pivotal medical disciplines, the company offers a comprehensive portfolio of products for treatment purposes.
- With the increasing demand for health among consumers, AGETIS Supplement is expected to continue expanding its market space in the future, increasing brand awareness and market share.
2.C.G. Papaloisou Ltd
Headquarter: Latsia, Cyprus
C.G. Papaloisou Ltdbackground:
G. Papaloisou Ltdis a pharmaceutical company based in Cyprus, specializing in importing and promoting various drugs that meet important medical needs. These drugs have a wide range of therapeutic fields, including cardiology, oncology, psychiatry, neurology, and dermatology.
The company has introduced new products such as Soolantra Cream and Epiduo Gel, and continues to monitor industry trends and patient needs to provide more comprehensive and effective treatment plans.
Key products:
Abilify Maintena
Recommend Reason
- The company has strong professionalism and provides treatment options for patients by introducing and promoting high-quality drugs.
- As a participant in the pharmaceutical industry, the company has a certain market share and influence in Cyprus and possibly other markets.
- The company has introduced and marketed a wide range of products that can meet the treatment needs of different patients.
3.D&FISHER CO LTD
Headquarter: Strovolos, Cyprus
D&FISHER CO LTD background:
D&FISHER CO LTD focuses on the research and sales of drugs and medical devices, providing customers with the highest quality products. The company’s drugs involve fields such as ophthalmology, gynecology, gastroenterology, and child care.
The company assumes the responsibility of ensuring that vendors, contract manufacturers, and business partners adhere to the same high standards of integrity in their conduct.
Key products:
Esomeprazole 20, 40 mg capsules
Recommend Reason
- The company strives diligently to uncover the most effective cures and develop superior products that empower women to lead fulfilling and enjoyable lives.
- The company insists on research and innovation, and has invested a large amount of funds in drug development.
4.Delorbis
Headquarter: Lefkosia, Cyprus
Delorbis Pharmaceuticals Ltd background:
Delorbis Pharmaceuticals Ltd focuses on providing a wide range of generic drug product combinations to meet the treatment needs of different markets. The company operates globally, particularly in over 35 markets such as the Middle East, Africa, Far East, and the Commonwealth of Independent States (CIS).
Its production facilities include two production units and a dedicated cytotoxicity unit, equipped with advanced equipment and technology, and operated strictly in accordance with the European Good Manufacturing Practice (EU-GMP).
Key products:
FLOXAVAL 500MG
Recommend Reason
- Delorbis Pharmaceuticals Ltd has over 100 pharmaceutical products that meet the standards approved by the European Union (EU) and are balanced according to local treatment needs.
- The company focuses on research and development, and continuously expands its generic drug product line through global strategic partnerships.
5.George Petrou Ltd
Headquarter: Latsia, Cyprus
George Petrou Ltd background:
George Petrou Ltd was founded in 1961 and is a company dedicated to the research and development of drugs, nutritional supplements, and medical devices. After years of development, George Petrou Ltd has become one of the outstanding pharmaceutical companies in Cyprus.
With its unique business model and strong innovation capabilities, George Petrou Ltd has a high reputation and influence in the industry.
Key products:
GHealth Immune
Recommend Reason
- The company actively expands its international market and collaborates with other pharmaceutical companies to achieve dual upgrades in technology and market.
- In terms of independent research and development, it has also performed well, collaborating with research institutions to develop cutting-edge products such as pharmaceuticals, demonstrating strong research and development capabilities and market sensitivity.
6.KIPA Pharmacal Ltd
Headquarter: Larnaca, Cyprus
KIPA Pharmacal Ltd background:
Established in 1981, KIPA Pharmacal Ltd is a privately held pharmaceutical company headquartered in Larnaca, Cyprus. The company boasts a solid foundation in Cyprus, where it represents an array of international pharmaceutical firms and their diverse product portfolios.
Since Cyprus’ integration into the EU in 2005, the company has adapted its strategy, pivoting towards a focus on generic pharmaceutical products.
Key products:
Alprazolam TAD
Recommend Reason
- KIPA Pharmaceutical Ltd has always adhered to an innovation driven strategy and has achieved significant innovation results in multiple fields, including several first or exclusive drugs launched by Cyprus.
- As one of the leading companies in the Cyprus pharmaceutical industry, KIPA Pharmaceutical Ltd has consistently performed well in the market, with a broad customer base and a good brand reputation.
7.MEFAL Public LTD
Headquarter: Aradippou, Cyprus
MEFAL Public LTD background:
MEVAL Public LTD is a pharmaceutical warehouse company founded in 1998, headquartered in Cyprus. MEVAL adopts the most advanced technology to ensure rapid delivery of products with almost zero errors
MEPAL is one of the largest pharmaceutical warehouse companies in Cyprus, with a wide customer base and market share. In the past year, MEPAL has processed over 12 million products and executed 95,000 orders with an error rate of only 0.01% per line.
Key products:
Mustela
Recommend Reason
- The company has a wide customer base, including 92 pharmacists who are located in every corner of Cyprus.
- MEPAL adopts the most advanced technological means to manage its warehousing and distribution system, ensuring the safety and effectiveness of drugs during storage and transportation.
- All drugs provided by the company come with labels such as retail price, barcode, and product description, making it convenient for customers to directly list and sell them.
8.Medochemie Ltd
Headquarter: Limassol, Cyprus
Medochemie Ltd background:
Medochemie Ltd was founded in 1976 and is committed to producing and selling a variety of drugs across multiple therapeutic fields. The Cyprus Association of Generic Drug Manufacturers, consisting of five major pharmaceutical companies including Medochemie, demonstrates the company’s leading position in the industry.
After years of development, Medochemie Ltd has 15 production factories and a workforce of 1880. The company holds a significant position and influence in the global painkiller market and has become a member of the Medicines for Europe.
Key products:
Bromazepam
Recommend Reason
- Medochemie Ltd’sproducts are sold to multiple countries and regions around the world, and its business covers the globe, providing high-quality generic drug products for the international market.
- The company is committed to providing high-quality drugs, ensuring product safety and effectiveness through advanced production facilities and strict quality management systems.
- The company has advanced production facilities and technology to ensure product quality and production efficiency.
9.Pharmaceutical
Headquarter: Larnaca, Cyprus
Pharmaceutical Trading Co background:
Founded in 1954, Pharmaceutical Trading Co has become one of a outstanding company in Cyprus. The company meticulously oversees the comprehensive coverage of all 550 pharmacies throughout Cyprus, ensuring seamless connectivity and accessibility.
In collaboration with their distribution experts and Pharmaceutical Representatives, the company has established personal contact, provided educational insights, and facilitated prompt order placement and delivery to each pharmacy.
Key products:
Algovil Syrup
Recommend Reason
- The product variety is rich, covering multiple therapeutic fields, and has strong risk resistance ability.
- The company guarantees the prompt and secure delivery of medicinal products to both public and private hospitals, clinics, and pharmacies.
- The company drives product sales and market share growth through effective marketing strategies, a strong sales team, or unique marketing channels.
10.Remedica
Headquarter: Kato Polemidia, Cyprus
Remedica background:
Remedica began producing aerosols and cosmetics in 1961 and gradually expanded its business areas thereafter. In 1966, Remedy also collaborated with well-known European companies to further promote the development of its pharmaceutical business.
Remedica provides over 300 types of drugs to more than 100 countries worldwide, mainly covering categories such as malaria drugs and antibiotics. Its products are particularly popular in emerging market countries such as the Middle East, Asia, South Africa, and South America.
Key products:
Abiraterone Acetate
Recommend Reason
- Remedica’s product line covers various types of drugs, mainly including malaria drugs, antibiotics, etc., as well as drugs in other therapeutic fields.
- Its products not only serve the local market, but are also exported to multiple countries and regions around the world, providing high-quality drug choices for patients worldwide.
- Remedica has invested significant resources in drug research and development, committed to developing more innovative and effective new drugs.
11.TCC - T.C.
Headquarter: Larnaka, Cyprus
TCC - T.C. CHRISTOFOROU LTD background:
TCC–T.C.CHRISTOFOROU LTD was founded by Mr. Tasos CHRISTOFOROU in Larnaca, Cyprus in 1978. In several years of operation, the company has expanded the product range of new distributors and expanded their coverage in the medical field, such as preservatives and dietary supplements.
In 2008, the company acquired a local company representing a large multinational corporation in the field of in vitro diagnostics. Now the company’s coverage has expanded to a wider range of medical market areas, including laboratories.
Key products:
EUBOS
Recommend Reason
- Today TCC is a well-known and respected company in Cyprus that serves more than 700 customers all over the island.
- The company’sgoal is to offer technologically advanced and innovative products that contribute to improving the level of healthcare to either their professional customers or private users.
12.C.A.papaellinas
Headquarter: Nicosia, Cyprus
C.A. Papaellinas Ltd background:
C.A. Papaellinas Ltd was founded in 1930, and since its establishment, the company has gradually developed into a leading enterprise in multiple fields.
CAP not only holds an important position in the domestic market of Cyprus, but also actively expands into international markets, establishing good business relationships with partners in multiple countries and regions around the world.
Key products:
Acarpia
Recommend Reason
- Papaellinas Ltd has a significant market position in the import and sales of food in regions such as Cyprus and Greece.
- The company stands out in the fiercely competitive market with its rich industry experience, strong procurement capabilities, and comprehensive sales network.
- The company also focuses on brand building and market promotion, continuously improving its brand awareness and reputation.
13.Phadisco Ltd
Headquarter: Latsia, Cyprus
Phadisco Ltd background:
Phadisco Ltd was founded in 1966 and is a company engaged in the fields of medicine, biotechnology, or related industries. These types of enterprises usually focus on drug research and development, production, sales, or providing related services.
As a pharmaceutical company, Phadisco has strong technical strength and R&D team, dedicated to new drug development, process improvement, and quality control.
Key products:
Nuseals
Recommend Reason
- Phadisco Ltd distributes a variety of branded drugs that have undergone strict screening to ensure their quality and efficacy.
- Phadisco Ltd has won a good reputation in the pharmaceutical market in Cyprus with its rich product line, high-quality products, and professional services.
- The company continuously enhances its market competitiveness by establishing stable supply chain relationships, strengthening product research and innovation capabilities, and improving customer service levels.
14.Cazacor Trading Ltd
Headquarter: Nicosia, Cyprus
Cazacor Trading Ltd background:
Founded in 1988 by Dr. Kyriacos Kousoulides, Cazacor Trading Ltd embarked on a mission to introduce and elevate medical, cosmetic, and food supplement products within the Cypriot market.
With a deep-rooted commitment to health and wellness, the company has carved a niche for itself in the industry.
Key products:
Procten®
Recommend Reason
- The company has fostered fruitful partnerships with an impressive array of international players.
- The company actively expands its international market and cooperates with overseas pharmaceutical companies, achieving dual upgrades in technology and market.
- The company has always adhered to an innovation driven strategy and achieved significant innovation results in multiple fields.
15.Merkez Ecza
Headquarter: Nicosia, Cyprus
Merkez Ecza (Pharmaceuticals) Deposu Ltd background:
Founded in 1976, Merkez Ecza (Pharmaceuticals) Deposu Ltd stands as a pioneering pharmaceutical company within the Northern Cypriot territory, proudly owned and operated by a dedicated family.
As one of the earliest companies in its field, Merkez has etched its name in the annals of the local healthcare industry through its unwavering commitment and expertise.
Key products:
Collagen Complex
Recommend Reason
- Merkez has a wide range of businesses, providing sales and distribution services for OTC, food supplements, infant and toddler products, and natural/organic cosmetics.
- The company has always adhered to an innovation driven strategy and achieved significant innovation results in multiple fields.
- With its unique business model and strong innovation capabilities, Merkez has a high reputation and influence in the industry.
16.Filomedica Trading
Headquarter: Aradippou, Cyprus
Filomedica Trading background:
Established in 1992, Filomedica Trading has emerged as a premier pharmaceutical supplier in Cyprus, dedicated to importing and distributing the finest products from across the globe.
With a steadfast commitment to their customers’ wellbeing, the company relentlessly strive to enhance their portfolio with the most cutting-edge innovations in the pharmaceutical sector.
Key products:
Fertilla Tablets
Recommend Reason
- The company’s extensive range of exclusive brands and products grace the shelves of over 500 carefully chosen pharmacies throughout the island.
- The companyensures that their clients have access to the best healthcare solutions available.
- With its unique business model and strong innovation capabilities, the company has a high reputation and influence in the industry.
17.P.T. Hadjigeorgiou
Headquarter: Limassol, Cyprus
P.T. Hadjigeorgiou Co Ltd background:
PT Hadjigeorgiou Co Ltd, a family-run pharmaceutical company established in 1992, thrives in the importation and distribution of pharmaceutical products and medical devices.
The company boasts long-standing and fruitful collaborations with numerous multinational giants, each a pioneer in their respective domains.
Key products:
Binocrit
Recommend Reason
- Upholding the highest standards, the company meticulously selects, trains, and supportstheir personnel to guarantee unparalleled services to their business partners.
- Renowned for its robust innovative prowess, the company commands a prestigious standing and substantial influence within the industry.
- Leveraging a diversified growth strategy, it has garnered remarkable achievements in the pharmaceutical sector and anticipates extending its business horizons even further in the years to come.
18.Golgi Pharmaceuticals Ltd
Headquarter: Strovolos, Cyprus
Golgi Pharmaceuticals Ltd background:
Golgi Pharmaceuticals Ltd was founded in 1994, focusing on drug sales. In 1996, after reaching an agreement with German vitamin manufacturer Dr. Scheffler, the company expanded its business to dietary supplements.
With the signing of the agency contract for CURADEN AG, one of Switzerland's leading oral health product manufacturers and marketing companies, the company's situation has undergone significant changes. At the same time, the company will expand its business to the trade of active pharmaceutical ingredients (APIs).
Key products:
CURASEPT
Recommend Reason
- The company follows GMP standards to ensure the quality and safety of its drugs.
- The company has established advanced research and development platforms for drug screening, efficacy evaluation, safety assessment, etc., accelerating the process of new drug development.
- The company has established extensive cooperative relationships with well-known domestic and foreign universities, research institutions, medical institutions to jointly promote the research and clinical application of new drugs.
19.I.S.A.
Headquarter: Larnaca, Cyprus
I.S.A. Pharmaceutical Ltd background:
ISA Pharmaceuticals stands as a pioneering clinical-stage immunotherapy company, dedicated to the development of meticulously crafted, fully synthetic immunotherapeutics that target cancer and persistent viral infections.
The company’s products are meticulously engineered to harness and steer the body’s innate defense mechanisms, empowering them to combat disease, either as standalone treatments or in conjunction with established therapies.
Key products:
Prolact Antistress 60
Recommend Reason
- In the fierce competition of the pharmaceutical industry, ISA Pharmaceuticals can continue to maintain excellent market performance, with stronger competitiveness and risk resistance.
- The company drives product sales and market share growth through effective marketing strategies, a strong sales team, or unique marketing channels.
- Its research and development strength ranks among the top in Cyprus, laying a solid foundation for the company’s long-term development.
20.Medilink
Headquarter: Strovolos, Cyprus
Medilink Pharmaceuticals Ltd background:
Medilink Pharmaceuticals Ltd deeply entrenched in the Pharmaceutical Industry, specializes in catering to the diverse needs of its clients with a focus on Active Pharmaceutical Ingredients (APIs), Finished Formulations, and Intermediates.
Since its inception in 1996, the company has undergone remarkable growth, expanding exponentially into a formidable group of companies, each contributing to the overall success and momentum.
Key products:
ABACAVIR
Recommend Reason
- Medilink Pharmaceuticals Ltd has always adhered to an innovation driven strategy and has achieved significant innovation results in multiple fields, including several domestically first or exclusively marketed drugs.
- Through a diversified development strategy, the company has achieved significant success in the vaccine field and is expected to further expand its business scope in the future.
- With the continuous expansion of the global pharmaceutical research and development market and the sustained growth in demand, Medilink Pharmaceuticals Ltd is expected to maintain its leading position in the future.
Conclusion
With the increasing global health awareness and advances in medical technology, Cyprus’ pharmaceutical industry is expected to gain more development opportunities in the future. This article introduces the top 20 pharmaceutical companies in Cyprus in 2024, which is very helpful for you to understand the pharmaceutical companies in the country. If you have any further questions, you can contact Aipak at any time.
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