All HHS markets
NAICS 325412 · Pharmaceutical Preparation Manufacturing

Top HHS pharmaceutical preparation manufacturing contractors

In the 12 months ending Oct 5, 2026, the Department of Health and Human Services obligated $777.8M in net prime contract dollars under NAICS 325412, down 30.4% from $1.1B in the preceding 12 months. 63 prime contractors received positive obligations, and 9 of them accounted for 80% of that spend.

Prime contracts funded by the Department of Health and Human Services. Latest 12 months: Oct 6, 2025 to Oct 5, 2026. Source: USAspending.gov.

Net obligations, latest 12 months
$777.8M
down 30.4% vs. $1.1B
Prime contractors
63
With positive obligations
Top 8 primes’ share
76.0%
Of positive obligations
Awards with activity
222
268 in the prior 12 months

Obligations by fiscal year

Net prime contract obligations by federal fiscal year (October to September).

FY2022
$2.0B
FY2023
$1.1B
FY2024
$913.1M
FY2025
$1.1B
FY2026
$777.8M

Top HHS contractors for NAICS 325412

Ranked by positive obligations in the latest 12 months. Share is of all positive obligations in this market.

Top contractors, HHS NAICS 325412
#ContractorLatest 12 moPrior 12 moShareRank change
1Emergent Biosolutions Canada Inc$118.3M$114.3M14.3%▲ 4
2Phlow Corp.$105.3M$8.4M12.7%▲ 18
3Bavarian Nordic a/S$97.0M$143.6M11.7%—
4Mckesson Corporation$80.2M$196.4M9.7%▼ 2
5DLA Troop Support$68.3M$102.6M8.3%▲ 1
6Fresenius Kabi, LLC$57.7M$86.3M7.0%▲ 1
7Mckesson Specialty Distribution LLC$51.1M$61.5M6.2%▲ 2
8Partner Therapeutics, Inc.$50.0M$39.1M6.0%▲ 5
9Glaxosmithkline, LLC$36.3M$9.1M4.4%▲ 10
10Usantibiotics LLC$30.0M$03.6%New
11Chartwell RX LLC$27.2M$114.8M3.3%▼ 7
12D'S Ventures, LLC$18.6M$02.3%New
13Baxter Healthcare Corporation$14.5M$4.4M1.8%▲ 11
14Rafa Laboratories Ltd$12.4M$20.9M1.5%—
15Heyltex Corporation$8.1M$8.1M1.0%▲ 6

What changed in the last 12 months

Contractors with the largest change in reported obligations versus the preceding 12 months.

Largest gains

  • Genentech USA, Inc
    −$314.4M → −$187 (+$314.4M) · no latest-period obligations
  • Phlow Corp.
    $8.4M → $105.3M (+$96.9M) · now #2
  • Usantibiotics LLC
    $0 → $30.0M (+$30.0M) · now #10

Largest declines

  • Alvogen, Inc.
    $227.7M → $0 (−$227.7M) · no latest-period obligations
  • Mckesson Corporation
    $196.4M → $80.2M (−$116.2M) · now #4
  • Altitude Technologies Inc.
    $47.8M → −$47.8M (−$95.6M) · no latest-period obligations

New to this market

16 contractors received their first obligations in this market (since FY2022) during the latest 12 months. The largest:

New contractors
ContractorFirst obligationLatest 12 mo
Usantibiotics LLCMay 27, 2026$30.0M
D'S Ventures, LLCSep 30, 2026$18.6M
Accord Biopharma, Inc.Mar 18, 2026$7.6M
Hikma Pharmaceuticals USA Inc.Sep 30, 2026$7.5M
Southernbelle Room, LLCSep 30, 2026$6.2M
Serb Medical Solutions Inc.Aug 12, 2026$1.2M
Research Triangle InstituteAug 5, 2026$416K
Paragon Enterprises IncSep 30, 2026$238K

Where the money comes from

Funding sub-agencies within the Department of Health and Human Services, latest 12 months. The funding organization can differ from the office that runs the requirement.

Funding sub-agencies
Funding sub-agencyLatest 12 moPrior 12 moChange
Office of Assistant Secretary for Preparedness and Response$565.1M$742.7MDown $177.6M (23.9%)
Indian Health Service$84.8M$201.6MDown $116.8M (57.9%)
National Institutes of Health$74.5M$108.8MDown $34.2M (31.5%)
Centers for Disease Control and Prevention$51.4M$61.6MDown $10.2M (16.6%)
Office of the Assistant Secretary for Financial Resources$1.5M$0New
Office of the Assistant Secretary for Administration$390K$1.8MDown $1.4M (78.5%)

Potential recompetes

Large awards in this market whose current period of performance ends in the next 18 months. Treat these as research leads: options, extensions, and follow-on vehicles often change the timing.

Awards ending in the next 18 months
AwardIncumbentObligatedCurrent end
75A50120C00092
Phlow Corp.
US BASED ADVANCED API MANUFACTURING. BASE PERIOD FUNDING FOR US BASED ADVANCED MANUFACTURING OF COVID-19 ESSENTIAL MEDICINES AND FUTURE THREATS.
$342.4MJan 13, 2027
75D30123C17978
Mckesson Specialty Distribution LLC
CENTRALIZED VACCINE DISTRIBUTION
$203.9MJan 31, 2027
75A50323F80027
Partner Therapeutics, Inc.
LEUKINE 250MCG VIL INJ (5PKG)
$133.5MMar 29, 2027
75A50119C00075
Emergent Biosolutions Canada Inc
BOTULISM ANTITOXIN
$270.9MMar 30, 2027
75A50119C00037
Emergent Biosolutions Canada Inc
VIGIV BUY AND ASSOCIATED SERVICES
$287.5MMar 30, 2027
75N98026C00026
DLA Troop Support
PHARMACEUTICALS AND RELATED SUPPLIES UNITED STATES DEPARTMENT OF DEFENSE:1133869 [26-003472]
$77.4MApr 9, 2027
75A50325F80009
Chartwell RX LLC
DOXYCYCLINE HYCLATE 100 MG ORAL TABLETS
$144.6MJun 22, 2027
75A50325F80014
Exelan Pharmaceuticals Inc
OSELTAMIVIR PHOSPHATE 75MG CAPSULES (NDC: 76282-0704-45); 10 CT. BLISTERS PACKS AND OSELTAMIVIR PHOSPHATE 30MG CAPSULES (NDC: 76282-0702-45); 10 CT. BLISTERS PACKS.
$74.1MJun 29, 2027
75A50325F80013
Alvogen, Inc.
OSELTAMIVIR PHOSPHATE 75MG CAPSULES (NDC: 47781-470-13); 10 CT. BLISTERS PACKS AND OSELTAMIVIR PHOSPHATE 30MG CAPSULES (NDC: 47781-468-13); 10 CT. BLISTERS PACKS.
$227.7MJun 29, 2027
HHSO100201700019C
Bavarian Nordic a/S
$882.1MSep 26, 2027

Common questions

Who are the top HHS contractors for NAICS 325412?

In the latest 12 months, Emergent Biosolutions Canada Inc ($118.3M), Phlow Corp. ($105.3M), Bavarian Nordic a/S ($97.0M) received the most HHS obligations for pharmaceutical preparation manufacturing.

How concentrated is this market?

The eight largest primes held 76.0% of positive obligations, and Emergent Biosolutions Canada Inc alone held 14.3%. 16 contractors won their first obligations in this market during the latest 12 months.

Are any large HHS NAICS 325412 contracts ending soon?

10 of the largest awards in this market reach their current end date in the next 18 months. The first is 75A50120C00092 (Phlow Corp., $342.4M obligated), ending Jan 13, 2027. An end date is a research lead, not a confirmed recompete: options and extensions often move it.

Related markets

Figures are net obligations on prime contracts (award types A–D) from USAspending.gov, grouped by funding agency and the NAICS code on each award. Net obligations include deobligations and corrections, so they can differ from positive-obligation totals. See methodology.

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