Virginia's pharmaceuticals companies represent a vibrant sector focused on healthcare innovation, drug development, and personalized medicine. Spanning biotechnology, compounding pharmacies, and clinical research organizations, these companies tackle diverse market demands, often targeting specific health conditions and patient needs. The industry shows promise as it leans into advanced technologies like AI and genomic research, driving efficiency and enhancing drug discovery processes. Notably, Virginia's proximity to major research universities fosters collaboration and attracts talent, while state support encourages growth. As pharmaceutical regulations evolve, these companies are prepared to adapt and thrive in the ever-changing healthcare market.

In this list, we explore eleven pharmaceutical companies located in Virginia, each with unique offerings and market positions. Ranging from innovative startups to established firms, they vary in size from small teams of fewer than 50 employees to larger organizations employing thousands. The companies were founded between 1988 and 2022, showcasing both longevity and fresh perspectives. Their focus varies from drug discovery and clinical trials to manufacturing and compounding, reflecting the state's rich tapestry of pharmaceutical service providers appealing to different segments of the healthcare industry.

Continue reading to discover the top pharmaceuticals companies in Virginia.

Top 19 Pharmaceuticals Companies Companies in Virginia

1. HemoShear Therapeutics

• Website: hemoshear.com
• Ownership type: Private Equity
• Headquarters: Charlottesville, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Other (Debt), $3.5M, November 2023
• Founded year: 2008
• Headcount: 11-50
• LinkedIn: hemoshear-llc

HemoShear Therapeutics, Inc. is a biotechnology company based in Charlottesville, Virginia, founded in 2008. The company specializes in drug discovery and development, particularly targeting rare diseases and metabolic disorders. Utilizing their proprietary REVEAL-Tx™ platform, HemoShear creates biologically relevant human disease models that help in identifying novel therapeutic candidates. Their primary clientele includes pharmaceutical companies seeking innovative solutions to address significant unmet medical needs. HemoShear has established collaborations with major pharmaceutical players, including Takeda and Horizon Therapeutics, to advance drug discovery programs. Recently, the company secured $3.5 million in funding in November 2023, underscoring its active role in the pharmaceutical sector and its commitment to developing treatments for conditions like gout and nonalcoholic steatohepatitis (NASH).

2. Sofie

• Website: sofie.com
• Ownership type: Private Equity
• Headquarters: Dulles, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: January 2024
• Founded year: 2008
• Headcount: 201-500
• LinkedIn: sofiebio

Sofie Biosciences, founded in 2008 and based in Dulles, Virginia, is a private equity-backed healthcare and pharmaceutical company. The firm specializes in the development and delivery of radiopharmaceuticals and molecular diagnostics, focusing on enhancing diagnostic accuracy and improving patient outcomes. Sofie is known for its innovative PET tracers and theranostic agents, which are critical in the diagnosis and treatment of various medical conditions. The company operates through a network of radiopharmacies and provides contract manufacturing services, ensuring a reliable supply of their products. Recently, Sofie has been involved in significant partnerships, including a licensing agreement with GE HealthCare to develop and commercialize FAP PET radiotracers. Their active participation in clinical trials and collaborations with academic institutions further underscores their role in advancing the field of nuclear medicine.

3. First Med Inc

• Website: firstmedinc.com
• Ownership type: Private
• Headquarters: Accomac, Virginia, United States (USA)
• Employee distribution: United Kingdom (UK) 50%, United States (USA) 50%
• Founded year: 1988
• Headcount: 1001-5000
• LinkedIn: first-med-inc

First Med Inc, founded in 1988 and based in Accomac, Virginia, is a private pharmaceutical company that specializes in a range of health products. The company primarily serves consumers through an online retail model, offering medications and detox kits aimed at addressing various health concerns. Their product lineup includes well-known medications such as Ivermectin and Hydroxychloroquine, which have gained attention in the context of COVID-19 treatment and vaccine side effects. Additionally, First Med Inc provides detox kits that claim to cleanse the body of toxins associated with vaccines. With a workforce of approximately 89 employees, the company operates with a significant presence in both the United States and the United Kingdom, reflecting a global reach in their operations. Despite not having reported any funding, First Med Inc continues to engage with consumers seeking alternative health solutions, positioning itself within a specific niche of the pharmaceutical market.

4. Ascend Therapeutics

• Website: ascendtherapeutics.com
• Ownership type: Private
• Headquarters: Herndon, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2001
• Headcount: 11-50
• LinkedIn: ascend-therapeutics

Ascend Therapeutics, based in Herndon, Virginia, is a private pharmaceutical company founded in 2001. The company specializes in hormone therapies aimed at improving hormonal health for both men and women. Their product portfolio includes EstroGel, which is designed to alleviate menopausal symptoms, and AndroGel, a treatment for testosterone deficiency in men. Ascend Therapeutics operates under the umbrella of Besins Healthcare, a global entity with over a century of experience in hormonal therapies. This connection allows Ascend to leverage a wealth of knowledge and innovation in the field. The company is dedicated to enhancing access to effective treatments for hormonal imbalances, catering to healthcare providers and patients alike. With a workforce of around 86 employees, Ascend Therapeutics is focused on delivering specialized solutions in the pharmaceutical market.

5. Rivus Pharmaceuticals

• Website: rivuspharma.com
• Ownership type: Venture Capital
• Headquarters: Charlottesville, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Series B, $132.0M, September 2022
• Founded year: 2019
• Headcount: 11-50
• LinkedIn: rivus-pharmaceuticals

Rivus Pharmaceuticals, Inc. is a biopharmaceutical company based in Charlottesville, Virginia, founded in 2019. The company is dedicated to enhancing cardiometabolic health through the development of a new class of investigational medicines known as controlled metabolic accelerators (CMAs). These oral small molecules aim to treat conditions such as obesity, type 2 diabetes, and heart failure by leveraging the natural process of mitochondrial uncoupling. Rivus' lead candidate, HU6, is currently in clinical development and has shown positive results in Phase 2 trials, demonstrating its potential to reduce excess fat while preserving muscle mass. The company has attracted significant venture capital, securing $132 million in a Series B funding round in September 2022, which underscores its relevance and ambition in the pharmaceutical industry.

6. Biovista

• Website: biovista.com
• Ownership type: Private
• Headquarters: Charlottesville, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1999
• Headcount: 11-50
• LinkedIn: biovista

Biovista, founded in 1999 and based in Charlottesville, Virginia, is a healthcare analytics firm that specializes in drug repositioning and personalized medicine. The company utilizes advanced AI-driven platforms to assist biopharma and generics companies in optimizing their drug development processes. Their services include drug de-risking and clinical hold strategies, which aim to enhance the efficacy and safety of therapies. Biovista's technology platform, Project Prodigy, is designed to analyze vast data resources, identifying non-obvious associations between compounds, molecular targets, and diseases. This capability allows them to find new uses for existing drugs and assess their risk profiles effectively. Biovista collaborates with various stakeholders, including biotech and pharma companies, generics firms, and patient advocacy groups, to advance therapies and address unmet medical needs. Their focus on real-world applications of AI in healthcare underscores their commitment to transforming drug discovery and development processes.

7. Adovate

• Website: adovate.com
• Ownership type: Private
• Headquarters: Charlottesville, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2019
• Headcount: 11-50
• LinkedIn: adovate

Adovate is a pharmaceutical company based in Charlottesville, Virginia, established in 2019. The firm specializes in the development of innovative drugs that target adenosine receptors, which are implicated in several major diseases. Utilizing a proprietary drug development platform, Adovate aims to create effective drug candidates that overcome traditional challenges related to drug efficacy and delivery. The company’s technology has been in development since its inception and was acquired by Adovate in 2023, showcasing a strategic move to enhance their capabilities. With a team that boasts over 125 years of combined experience in the field, Adovate is focused on inventing and developing proprietary compounds that promise to address the limitations of previous drug development efforts. Their primary customers include healthcare providers and other pharmaceutical companies seeking advanced treatment solutions.

8. National Clinical Research, Inc.

• Website: ncrinc.net
• Ownership type: Private
• Headquarters: Richmond, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1995
• Headcount: 11-50
• LinkedIn: national-clinical-research-inc-

National Clinical Research, Inc. (NCR), founded in 1995 and based in Richmond, Virginia, is a clinical research organization dedicated to conducting trials for new medications developed by pharmaceutical companies. With a team of approximately 30 employees, NCR focuses on a range of health issues, including obesity, migraines, and Alzheimer's disease. The organization provides patients with opportunities to participate in studies that may lead to new treatment options. NCR's founder, Dr. James M. McKenney, has extensive experience in clinical research, having conducted over 1,000 clinical trials and published numerous scientific articles. The company collaborates closely with major pharmaceutical firms, ensuring that their research efforts align with industry needs. NCR's commitment to advancing medical knowledge and improving patient outcomes through clinical trials underscores its importance in the pharmaceutical landscape.

9. PBM Capital Group

• Website: pbmcap.com
• Ownership type: Private
• Headquarters: Charlottesville, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2010
• Headcount: 11-50
• LinkedIn: pbm-capital-group

PBM Capital Group, founded in 2010 and based in Charlottesville, Virginia, is a private investment firm dedicated to the healthcare sector. The firm specializes in partnering with scientists and entrepreneurs to develop innovative pharmaceutical products. PBM Capital provides not only funding but also operational management to its portfolio companies, which primarily focus on pharmaceuticals and life sciences. The firm has been instrumental in creating significant shareholder value, with its portfolio companies generating over $10 billion since its inception. Notable companies in its portfolio include Verrica Pharmaceuticals, which focuses on skin diseases, and Dova Pharmaceuticals, which addresses rare diseases. PBM Capital's approach combines extensive industry knowledge with strategic relationships, enabling its partners to navigate the complexities of bringing life-changing therapies to market.

10. WeCare Pharmacy

• Website: wecarepharm.com
• Ownership type: Private
• Headquarters: Warrenton, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2014
• Headcount: 11-50
• LinkedIn: wecare-pharmacy

WeCare Pharmacy, founded in 2014 and based in Warrenton, Virginia, is a private healthcare provider specializing in personalized medicine and pharmacy services. With a team of 33 employees, the pharmacy focuses on compounding and specialty medications tailored to meet the unique needs of patients, healthcare providers, and even pets. Their offerings include hormone replacement therapy, dermatology treatments, and IV nutrient therapy, among others. WeCare Pharmacy operates under strict quality assurance protocols, ensuring that their compounded medications meet high safety standards. They are licensed to serve customers across multiple states in the U.S., demonstrating their commitment to accessibility and patient care. The pharmacy prides itself on delivering individualized, compassionate care, making it a relevant player in the pharmaceutical industry.

11. Premium Rx National, LLC

• Website: prnpharma.com
• Ownership type: Private
• Headquarters: Sterling, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2009
• Headcount: 11-50
• LinkedIn: premium-rx-national

Premium Rx National, LLC, founded in 2009 and based in Sterling, Virginia, operates as a private pharmaceutical distributor. The company specializes in supplying a wide array of pharmaceuticals, including injectables, vaccines, and over-the-counter products, to healthcare facilities such as hospitals and surgery centers. With a focus on bridging the drug supply gap, Premium Rx National ensures that healthcare providers have continuous access to essential medications. They are registered with the FDA and maintain compliance with the Drug Supply Chain Security Act (DSCSA), which underscores their commitment to safety and transparency in the pharmaceutical distribution process. The company prides itself on its professional service, leveraging an experienced team to navigate supply challenges and provide timely support to clients. Their partnerships with various manufacturers allow them to offer a comprehensive range of products, making them a reliable partner in the healthcare sector.

12. Health Research of Hampton Roads, Inc.

• Website: hrhr-inc.com
• Ownership type: Private
• Headquarters: Newport News, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2000
• Headcount: 11-50
• LinkedIn: health-research-of-hampton-roads-inc-

Health Research of Hampton Roads, Inc. (HRHR) is a clinical research organization based in Newport News, Virginia, established in 2000. The company specializes in conducting FDA-regulated clinical trials for pharmaceutical and biotech companies, focusing on a variety of medical conditions such as cholesterol and hypertension, migraines, skin conditions, smoking cessation, viruses, weight loss, and women’s health. With a dedicated team of professionals, HRHR emphasizes patient-centered research, ensuring that the safety and comfort of participants are prioritized throughout the trial process. Since its inception, HRHR has contributed to the development of new drugs and treatments, having added ten new therapies to the market since 2017. Their operations reflect a commitment to advancing medical science and improving patient care, making them a significant entity in the clinical research landscape.

13. Preston's Compounding Pharmacy

• Website: prestonspharmacy.com
• Ownership type: Private
• Headquarters: Falls Church, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2022
• Headcount: 11-50
• LinkedIn: telestar-pharmacy

Preston's Compounding Pharmacy, located in Falls Church, Virginia, is a private healthcare provider that specializes in pharmaceutical services tailored to individual needs. Founded in 2022, the pharmacy focuses on compounding medications, which allows them to create customized formulations for patients. They also offer immunizations and wellness therapies, catering to a clientele that values personalized health solutions. With a team of experienced pharmacists, Preston's aims to provide high-quality service and support to its community, operating in both Arlington and Falls Church, VA. The pharmacy accepts most commercial prescription drug plans and is a preferred provider for many Medicare Part-D plans, ensuring accessibility for a broad range of patients. Their commitment to customer service and local engagement highlights their role in the pharmaceutical landscape, particularly in the compounding niche.

14. Lcc Pharmacy LLC.

• Website: lccrx.com
• Ownership type: Private
• Headquarters: Woodbridge, Virginia, United States (USA)
• Founded year: 2012
• Headcount: 1-10
• LinkedIn: express-pharmacy-llc-

Lcc Pharmacy LLC, based in Woodbridge, Virginia, is a healthcare provider that specializes in pharmaceutical services tailored to meet the needs of both consumers and organizations. Founded in 2012, the pharmacy offers a range of services including medication therapy management, compounding, and long-term care pharmacy services. Lcc Pharmacy is committed to providing personalized care, ensuring timely access to medications, and offering health education resources. Their focus on customer service is evident in their various offerings, such as diabetes education, health screenings, and immunizations. The pharmacy also provides innovative solutions like Dispill® multi-dose packaging to help patients manage their medications effectively. With a small team of around 42 employees, Lcc Pharmacy aims to improve healthcare delivery through quality patient care and support, particularly in long-term care settings.

15. AMPEL BioSolutions

• Website: ampelbiosolutions.com
• Ownership type: Venture Capital
• Headquarters: Charlottesville, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Other (Debt), $1.8M, July 2023
• Founded year: 2013
• Headcount: 11-50
• LinkedIn: ampelbiosolutionsllc

AMPEL BioSolutions, founded in 2013 and based in Charlottesville, Virginia, is a biotechnology firm specializing in personalized precision medicine and genomic analytics. The company develops genomic tests aimed at managing autoimmune and inflammatory diseases, catering to both healthcare providers and pharmaceutical companies. Their flagship products include LuGENE, a blood test for lupus that predicts disease flares and identifies drug targets, and CovGENE, which assesses COVID-19 severity. AMPEL's innovative approach leverages RNA analytics and predictive AI, enhancing treatment outcomes for patients. The company has received $1.8 million in funding as of July 2023, reflecting its active role in the industry and commitment to advancing precision medicine.

16. Biologics Consulting

• Website: biologicsconsulting.com
• Ownership type: Private
• Headquarters: Alexandria, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1993
• Headcount: 51-200
• LinkedIn: biologics-consulting-group

Biologics Consulting, founded in 1993 and based in Alexandria, Virginia, is a consulting firm that provides regulatory and product development services tailored for the biotechnology, pharmaceuticals, and medical devices industries. With a team of experts, including former FDA officials, the company assists clients in overcoming the challenges associated with regulatory compliance and product development. They have worked on over 4,700 projects, helping clients market products in more than 58 countries. Their services cover a wide range of needs, from nonclinical and clinical development to regulatory operations and submissions. Biologics Consulting positions itself as a partner to its clients, integrating into their teams to enhance their chances of success in a competitive market.

17. Akina Pharmacy

• Website: akinapharmacy.com
• Ownership type: Private
• Headquarters: Sterling, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2012
• Headcount: 11-50
• LinkedIn: akina-pharmacy

Akina Pharmacy, founded in 2012 and located in Sterling, Virginia, is a privately owned compounding pharmacy that focuses on providing customized medications to meet the unique needs of patients. With a team of approximately 35 employees, Akina serves both consumers and healthcare practitioners, offering services such as patient counseling and prescription transfers. The pharmacy is dedicated to quality assurance and patient care, ensuring that all medications are prepared in compliance with stringent industry standards. Akina Pharmacy has received national accreditation from the Accreditation Commission for Health Care (ACHC) and is certified by the Pharmacy Compounding Accreditation Board (PCAB), demonstrating their commitment to high-quality compounding practices. They operate in over 20 states, providing access to their specialized services across a broad geographic area. Their focus on personalized medication solutions positions them as a significant player in the compounding pharmacy sector.

18. Buford Road Pharmacy Inc.

• Website: bufordrx.com
• Ownership type: Private
• Headquarters: Richmond, Virginia, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2010
• Headcount: 51-200
• LinkedIn: buford-road-pharmacy-inc.

Buford Road Pharmacy Inc., established in 2010 and located in Richmond, Virginia, is a private healthcare provider that specializes in personalized pharmacy services. The company offers a range of products and services, including compounding medications tailored to individual needs, health screenings, and veterinary care. With a commitment to convenience, Buford Road Pharmacy provides free delivery services and a mobile app for managing prescriptions. Their focus on personalized care extends to bioidentical hormone replacement therapy (BHRT) consultations and a variety of health services, making them a trusted resource for individuals and families seeking customized healthcare solutions. The pharmacy has been a part of the Richmond community since 1958, emphasizing quality care and customer service.

19. TECHLAB, Inc.

• Website: techlab.com
• Ownership type: Corporate
• Headquarters: Blacksburg, Virginia, United States (USA)
• Employee distribution: United States (USA) 98%, Other 2%
• Latest funding: August 2022
• Founded year: 1989
• Headcount: 51-200
• LinkedIn: techlab

TECHLAB, Inc., founded in 1989 and based in Blacksburg, Virginia, is a corporate entity focused on medical diagnostics. The company specializes in the development and manufacturing of diagnostic tests for infectious diseases, including tests for _C. difficile_, _H. pylori_, and various foodborne pathogens. TECHLAB's offerings extend beyond diagnostics; they also provide contract research and manufacturing services tailored for the pharmaceutical and healthcare sectors. With a commitment to quality and efficiency, TECHLAB ensures that its products are available for clinical use worldwide. The company operates under ISO 13485 MDSAP certification and holds FDA registration, underscoring its dedication to maintaining high standards in medical device manufacturing. Their expertise in diagnostics is vital for healthcare providers, as accurate testing is essential for effective disease management and treatment.

Pharmaceuticals Companies Insights: Key Companies in Virginia

Company	Headquarter	Size	Founded	Ownership
HemoShear Therapeutics	Charlottesville, Virginia, United States (USA)	11-50	2008	Private Equity
Sofie	Dulles, Virginia, United States (USA)	201-500	2008	Private Equity
First Med Inc	Accomac, Virginia, United States (USA)	1001-5000	1988	Private
Ascend Therapeutics	Herndon, Virginia, United States (USA)	11-50	2001	Private
Rivus Pharmaceuticals	Charlottesville, Virginia, United States (USA)	11-50	2019	Venture Capital
Biovista	Charlottesville, Virginia, United States (USA)	11-50	1999	Private
Adovate	Charlottesville, Virginia, United States (USA)	11-50	2019	Private
National Clinical Research, Inc.	Richmond, Virginia, United States (USA)	11-50	1995	Private
PBM Capital Group	Charlottesville, Virginia, United States (USA)	11-50	2010	Private
WeCare Pharmacy	Warrenton, Virginia, United States (USA)	11-50	2014	Private
Premium Rx National, LLC	Sterling, Virginia, United States (USA)	11-50	2009	Private
Health Research of Hampton Roads, Inc.	Newport News, Virginia, United States (USA)	11-50	2000	Private
Preston's Compounding Pharmacy	Falls Church, Virginia, United States (USA)	11-50	2022	Private
Lcc Pharmacy LLC.	Woodbridge, Virginia, United States (USA)	1-10	2012	Private
AMPEL BioSolutions	Charlottesville, Virginia, United States (USA)	11-50	2013	Venture Capital
Biologics Consulting	Alexandria, Virginia, United States (USA)	51-200	1993	Private
Akina Pharmacy	Sterling, Virginia, United States (USA)	11-50	2012	Private
Buford Road Pharmacy Inc.	Richmond, Virginia, United States (USA)	51-200	2010	Private
TECHLAB, Inc.	Blacksburg, Virginia, United States (USA)	51-200	1989	Corporate

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