7 Pharmaceutical Manufacturing Business Success Stories [2023]

Pat Walls

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Updated: July 24th, 2023

Start A Pharmaceutical Manufacturing Business

Pharmaceutical manufacturers research, develop and bring new medicines that will improve patients' health and quality of life across the globe. Although starting a medications manufacturing business requires huge capital, it can be a lucrative venture. Medication drugs are always in demand and, therefore, can be a profitable business.

Here are some real life success stories of starting a pharmaceutical manufacturing business:

Learn more about starting a pharmaceutical manufacturing business:

Where to start?

-> How much does it cost to start a pharmaceutical manufacturing business?
-> Pros and cons of a pharmaceutical manufacturing business

Need inspiration?

-> Examples of established pharmaceutical manufacturing business

Other resources

-> Profitability of a pharmaceutical manufacturing business

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Starting A Pharmaceutical Manufacturing Business: Everything You Need To Know

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3. Zoetis ($7.8B/year)

Kristin Peck, CEO of Zoetis (NYSE: ZTS), uses the full might of the world’s largest animal health company to care for cats and dogs and nurture more sustainable, healthy, and productive animal herds. Her company, spun off from Pfizer (NYSE: PFE) in 2013, provides veterinarians with technology and medicines catering to millions of animal companions. Zoetis’s diversified products and global geographical footprint helps the company deliver for farmers, pet owners and investors alike.

Kristin Peck (from Ninove, Flanders, Belgium) started Zoetis over 11 years ago.

Revenue

$650M / month

View case study

Team

1 founders / 12100 employees

Case Study

Kristin Peck is the creator of Zoetis, the world’s largest pet and livestock medication and immunizations provider. Their primary goal is to advance animal care to benefit the globe and its citizens. It was created in July 2012 and is based in New York.

They provide high-quality medications and vaccines, diagnostic goods, and genetic testing, as well as a variety of services.

Kristin is a curious business executive who loves animals and is interested in digital and technology. In 1993, she received her Bachelor’s degree from Georgetown University. In addition, he received an MBA in Finance from Columbia Business School in 1999.

With 70+ years of achievement in animal health, it’s an ambitious and humble goal with a varied and brilliant staff serving clients worldwide. The company was a subsidiary of Pfizer till the company spun off its 83% stake in Zoetis, making it an entirely independent business.

In 2021, Zoetis’ yearly sales were $7.776B, a 16.49% increase over 2020. Animal goods account for over three-quarters of total revenue in the United States. The company also has a significant market share in Latin American nations such as Brazil, Chile, and Mexico. China is the company’s most important national market outside the United States.

Key takeaways:

Zoetis continues to stand by raising and caring for animals worldwide.
It’s the world’s leading animal health company.
The company’s leading portfolio is making a difference in over 100 countries.
Zoetis employees have been named one of America’s Best Employers by Forbes five years in a row.
Kristin attributes Zoetis’s success to providing value for their customers by creating an engaged culture where employees come every day excited to make a difference for customers.