# Pharmascience

> Pharmascience is a privately owned Montreal pharmaceutical company that develops, manufactures and markets generic, branded and over-the-counter medicines, while also selling specialty commercialization and contract development and manufacturing services. Founded by pharmacists Morris Goodman and Ted Wise in 1983, it now offers about 300 molecules and 1,300 SKUs, distributes in more than 50 countries and is expanding its Candiac sterile-injectables plant to turn internal manufacturing expertise into a larger B2B business.

- **Founded:** 1983
- **Headquarters:** Montreal, Canada
- **Founders:** Morris Goodman (Co-founder and Chairman Emeritus), Ted Wise (Co-founder)
- **Team size:** More than 1,600 employees according to the current company profile; earlier 2023-2025 releases cited about 1,500.
- **Products:** Generic medicines, Over-the-counter and private-label products, Pendopharm specialty medicines, Royalmount Biopharma Services, Pharmascience International
- **Notable:** Grew from two pharmacist founders and a five-person R&D team to more than 1,600 employees., Built a portfolio of about 300 molecules and 1,300 SKUs distributed in more than 50 countries., Produces more than 60 million dosage units annually across its facilities.

## Products & services

- **Generic medicines** — A broad portfolio of tablets, capsules, injectables and inhalation medicines supplied to distributors, pharmacies and hospitals.
- **Over-the-counter and private-label products** — Non-prescription products for adults and children, including retailer private-label programs.
- **Pendopharm specialty medicines** — In-licensing and commercialization of branded products in gastroenterology, orthopedics, neurology, cardiology and other specialties.
- **Royalmount Biopharma Services** — Analytical testing plus CDMO services spanning formulation, sterile fill-finish, lyophilized vials, prefilled syringes and packaging from preclinical work through commercial manufacturing.
- **Pharmascience International** — Licensing, distribution and market-specific commercialization of Canadian-developed medicines in more than 50 countries.

## Achievements

- Grew from two pharmacist founders and a five-person R&D team to more than 1,600 employees.
- Built a portfolio of about 300 molecules and 1,300 SKUs distributed in more than 50 countries.
- Produces more than 60 million dosage units annually across its facilities.
- Invests roughly C$40 million to C$65 million annually in R&D, depending on reporting year and scope.
- Ranked 49th among Canada's top 100 corporate R&D investors for 2024, as announced in 2025.
- Named among Canada's Top 50 Best Workplaces in 2024 by Great Place to Work.
- Pendopharm won Anika Therapeutics' 2022 Regional Distributor of the Year, Americas and Worldwide Cingal Excellence Award for engagement and growth.
- Secured a C$119.33 million Candiac expansion designed to more than triple sterile-injectable capacity and add 47 to 50 skilled jobs.

## Latest updates

- **2026-07** — Published its position after the Supreme Court of Canada upheld the prohibition on patents for methods of medical treatment.
- **2026-05** — Launched pms-BILASTINE in Canada, expanding its allergy-treatment portfolio.
- **2026-04** — Announced the Canadian launch of pms-DOLUTEGRAVIR.
- **2026-01** — Introduced pms-SACUBITRIL-VALSARTAN in Canada.
- **2026-01** — Jim Vounassis became CEO, with priorities including pharmaceutical sovereignty, digital transformation and international growth.
- **2025-12** — Announced a rise to 49th among Canada's top 100 corporate R&D investors for 2024.
- **2024-02** — Created a commercial CDMO business unit focused on complex sterile injectable products.
- **2023-10** — Announced the C$119.33 million Candiac injectable-manufacturing expansion, backed by federal and Quebec support.

## Links

- Website: https://www.pharmascience.com/
- LinkedIn: https://www.linkedin.com/company/pharmascience/
- Twitter/X: https://twitter.com/_Pharmascience_
- YouTube: https://www.youtube.com/channel/UCLszv4PABgUe2teWPsyl4eA
- Instagram: https://www.instagram.com/pharmascience_/
- Facebook: https://www.facebook.com/Pharmascience

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Profile page: https://yespress.io/pharmascience
Published by YesPress — https://yespress.io
Last updated: 2026-08-23