Company introduction

Farmaforce Ltd is an ASX-listed organisation (FFC:ASX) offering innovative sales, data and medical affairs solutions to the Australian healthcare industry.

Since inception in 2014, the company has grown its revenue, clients and staff to become one of the leading service organisations in the growing Australian healthcare sector.

More than just a sales force, Farmaforce creates scalable, customised solutions that are on demand to help our clients reach their business goals, avoiding in-house overheads.

Why invest

Growing healthcare market in Australia

With the accelerated growth of the Australian population and the growth of the aging population, it is expected the pharmaceutical market will exceed $25 billon by 2020.

International companies entering Australian market

An increasing number of international companies are entering the Australian healthcare market and looking for strong sales partners to help them navigate the complexities and intricacies of the healthcare landscape.

Global trends for increased demand in outsourced sales

There are between 8,000 and 9,700 field-based representatives in Australia and around 5% of these are now outsourced. It is expected this figure will continue to climb to mirror the UK market, where it is 30%, and the US, where it is 9%.

Drug companies forced to find new ways of reducing costs

Generic competition, in addition to the drying up of drug pipelines, is forcing drug companies to look at their cost structure and find new ways of improving their bottom lines. Salesforce outsourcing is emerging as a cost-effective alternative to building in-house sales teams.

FarmaForce increasing market share

Farmaforce has been increasing its market share by securing new contracts and clients. This increase in market share has resulted in a cumulative revenue increase of 264% over the period 2016-2018.

Best in class and industry recognition

Farmaforce’s sales teams are best in class, receiving industry recognition by winning ‘Sales Team of the Year’ at the 2016, 2018 and 2019 PRIME Awards.