Pharmascience
Encyclopedia
Founded in 1983, Pharmascience
Pharmascience
Founded in 1983, Pharmascience is a Canadian pharmaceutical company that employs over 1300 people. The third largest pharmaceutical firm in Canada in terms of the number of prescriptions, it sells its products in over 60 countries and posted sales of more than $700 million...

 is a Canadian pharmaceutical company that employs over 1300 people. The third largest pharmaceutical firm in Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...

 in terms of the number of prescriptions, it sells its products in over 60 countries and posted sales of more than $700 million. It specializes in developing and marketing a wide range of generic
Generic
Generic or Generics may refer to:* Generic mood, a grammatical mood used to make generalized statements like Snow is white* Generic antecedents, referents in linguistic contexts, which are classes...

 and innovative quality products, available by prescription, OTC and hospital. Pharmascience
Pharmascience
Founded in 1983, Pharmascience is a Canadian pharmaceutical company that employs over 1300 people. The third largest pharmaceutical firm in Canada in terms of the number of prescriptions, it sells its products in over 60 countries and posted sales of more than $700 million...

 has distinguished itself over the years due to its continued growth. It invests $30 million annually in research and development. In 2011, $40 million was invested to expand its facilities. It also acquired Aegera Therapeutics Inc., a company in the biotechnology sector. These milestones in the history of Pharmascience
Pharmascience
Founded in 1983, Pharmascience is a Canadian pharmaceutical company that employs over 1300 people. The third largest pharmaceutical firm in Canada in terms of the number of prescriptions, it sells its products in over 60 countries and posted sales of more than $700 million...

 demonstrate the will of the company to diversify its activities and ensure its long-term growth.

History

Pharmascience Inc. was founded by two licensed pharmacist
Pharmacist
Pharmacists are allied health professionals who practice in pharmacy, the field of health sciences focusing on safe and effective medication use...

s, Morris Goodman and Ted Wise in 1983 to provide affordable medicines to Canadians. They had no factory, staff, product, or distributors, and very little money at that time. More than 25 years later the company had become one of the top pharmaceutical companies in Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...

, employing over 1,300 people.

PMS International

Phamascience has distribution agreements in more than 30 countries and has sales offices in New York, London, Kiev and Moscow.
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