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Public Comps and Valuation Multiples for Biopharmaceuticals

Benchmark revenue and EBITDA valuation multiples for public comps like
Eli Lilly, Johnson & Johnson, AbbVie, Roche and AstraZeneca.

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Biopharmaceuticals

Viewing 50 of 1042 companies with full data

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
Eli Lilly	$909B	$944B	$70B	13.6x	29.2x
Johnson & Johnson	$577B	$605B	$96B	6.3x	17.0x
AbbVie	$366B	$428B	$63B	6.8x	16.2x
Roche	$318B	$340B	$80B	4.3x	10.8x
AstraZeneca	$314B	$337B	$60B	5.6x	16.1x
Merck	$300B	$335B	$65B	5.1x	12.2x
Novartis	$295B	$318B	$55B	5.8x	13.9x
Amgen	$188B	$233B	$37B	6.3x	12.5x
Gilead Sciences	$186B	$202B	$30B	6.8x	12.7x
Novo Nordisk	$166B	$182B	$48B	3.8x	8.0x
Pfizer	$151B	$202B	$62B	3.2x	8.3x
Vertex Pharmaceuticals	$123B	$119B	$12B	9.7x	21.9x
Bristol-Myers Squibb	$122B	$158B	$48B	3.3x	9.1x
Sanofi	$114B	$128B	$55B	2.3x	7.9x
GSK	$113B	$133B	$45B	3.0x	8.7x
Chugai Pharma	$91B	$85B	$8B	10.3x	20.1x
Regeneron	$81B	$75B	$15B	5.1x	14.3x
UCB	$58B	$58B	$9B	6.2x	18.2x
Takeda Pharmaceuticals	$57B	$83B	$28B	2.9x	10.7x
Merck KGaA	$55B	$66B	$24B	2.7x	9.4x
Zoetis	$54B	$61B	$10B	6.4x	14.6x
Jiangsu Hengrui Pharma	$53B	$47B	$5B	9.8x	34.0x
CSL	$47B	$57B	$16B	3.6x	10.5x
argenx	$46B	$42B	$5B	8.9x	30.5x
Sun Pharma	$46B	$43B	$6B	6.9x	23.4x
Bayer	$45B	$78B	$53B	1.5x	7.0x
Lonza Group	$45B	$50B	$9B	5.8x	18.1x
Alnylam Pharmaceuticals	$42B	$41B	$4B	9.7x	49.1x
Otsuka Holdings	$37B	$35B	$16B	2.2x	9.7x
Sandoz	$36B	$41B	$11B	3.6x	16.4x
BeOne Medicines	$36B	$32B	$6B	5.7x	45.4x
Celltrion	$35B	$37B	$3B	12.2x	33.0x
Insmed	$35B	$34B	$902M	37.9x	(33.1x)
Teva Pharmaceuticals	$34B	$48B	$17B	2.8x	9.1x
Daiichi Sankyo	$33B	$30B	$13B	2.3x	11.5x
Astellas Pharma	$29B	$32B	$13B	2.4x	8.4x
Biogen	$28B	$30B	$10B	3.1x	9.9x
Hansoh Pharma	$26B	$22B	$2B	9.9x	24.8x
BioNTech	$23B	$6B	$3B	2.0x	(5.0x)
United Therapeutics	$21B	$18B	$3B	5.7x	10.8x
Moderna	$21B	$17B	$2B	8.5x	(6.0x)
Royalty Pharma	$20B	$28B	$3B	8.5x	9.3x
Roivant Sciences	$20B	$16B	$11M	1435.3x	(13.4x)
Revolution Medicines	$20B	$18B	$15M	1245.4x	(14.1x)
Incyte	$19B	$16B	$5B	3.0x	9.6x
Shionogi	$19B	$15B	$3B	4.8x	11.5x
Innovent Biologics	$18B	$17B	$2B	8.8x	66.6x
Sichuan Biokin	$17B	$17B	$335M	50.3x	(447.4x)
Genmab	$17B	$20B	$4B	5.3x	17.1x
Torrent Pharmaceuticals	$16B	$16B	$1B	11.3x	34.4x
Ipsen	$16B	$X.XB	$4B	X.Xx	X.Xx
Viatris	$16B	$X.XB	$14B	X.Xx	X.Xx
Zhangzhou Pientzehuang	$15B	$X.XB	$1B	X.Xx	X.Xx
Sobi	$15B	$X.XB	$3B	X.Xx	X.Xx
Yunnan Baiyao Group	$15B	$X.XB	$6B	X.Xx	X.Xx
Alteogen	$15B	$X.XB	$201M	X.Xx	X.Xx
Summit Therapeutics	$14B	$X.XB	$2M	X.Xx	X.Xx
CSPC Pharma Group	$14B	$X.XB	$4B	X.Xx	X.Xx
Ascendis Pharma	$14B	$X.XB	$1B	X.Xx	X.Xx
Sino Biopharmaceutical	$13B	$X.XB	$5B	X.Xx	X.Xx
Neurocrine Biosciences	$13B	$X.XB	$3B	X.Xx	X.Xx
Regencell Bioscience	$13B	$X.XB	—	X.Xx	X.Xx
BridgeBio Pharma	$13B	$X.XB	$614M	X.Xx	X.Xx
Kelun-Biotech	$12B	$X.XB	$325M	X.Xx	X.Xx
Ionis Pharmaceuticals	$12B	$X.XB	$911M	X.Xx	X.Xx
Akeso	$12B	$X.XB	$525M	X.Xx	X.Xx
Cipla	$12B	$X.XB	$3B	X.Xx	X.Xx
Recordati	$12B	$X.XB	$3B	X.Xx	X.Xx
Dr Reddy's Laboratories	$12B	$X.XB	$4B	X.Xx	X.Xx
Jazz Pharmaceuticals	$12B	$X.XB	$4B	X.Xx	X.Xx
Elanco	$11B	$X.XB	$5B	X.Xx	X.Xx
Lupin	$11B	$X.XB	$3B	X.Xx	X.Xx
Financiere de Tubize	$11B	$X.XB	—	X.Xx	X.Xx
Orion	$11B	$X.XB	$2B	X.Xx	X.Xx
Exelixis	$11B	$X.XB	$2B	X.Xx	X.Xx
ImmunityBio	$11B	$X.XB	$139M	X.Xx	X.Xx
BioMarin Pharmaceutical	$11B	$X.XB	$3B	X.Xx	X.Xx
Samsung Bioepis	$10B	$X.XB	$1B	X.Xx	X.Xx
Mankind Pharma	$10B	$X.XB	$2B	X.Xx	X.Xx
Zydus Lifesciences	$10B	$X.XB	$3B	X.Xx	X.Xx
Madrigal Pharmaceuticals	$10B	$X.XB	$1B	X.Xx	X.Xx
Samchundang Pharm	$10B	$X.XB	—	X.Xx	X.Xx
Wuxi XDC	$10B	$X.XB	$949M	X.Xx	X.Xx
Fosun Pharma	$9B	$X.XB	$6B	X.Xx	X.Xx
Praxis Precision Medicines	$9B	$X.XB	$2M	X.Xx	X.Xx
Abivax	$9B	$X.XB	$5M	X.Xx	X.Xx
Kyowa Kirin	$9B	$X.XB	$3B	X.Xx	X.Xx
Huadong Medicine	$9B	$X.XB	$7B	X.Xx	X.Xx
Eisai Co.	$9B	$X.XB	$5B	X.Xx	X.Xx
Vaxcyte	$9B	$X.XB	—	X.Xx	X.Xx
Axsome Therapeutics	$9B	$X.XB	$729M	X.Xx	X.Xx
Baxter International	$9B	$X.XB	$11B	X.Xx	X.Xx
Arrowhead Pharmaceuticals	$9B	$X.XB	$634M	X.Xx	X.Xx
Salubris Pharmaceuticals	$8B	$X.XB	$686M	X.Xx	X.Xx
Krka	$8B	$X.XB	$2B	X.Xx	X.Xx
Nuvalent	$8B	$X.XB	$4M	X.Xx	X.Xx
Haisco Pharmaceutical	$8B	$X.XB	—	X.Xx	X.Xx
Caliway Biopharmaceuticals	$8B	$X.XB	—	X.Xx	X.Xx
Halozyme Therapeutics	$8B	$X.XB	$1B	X.Xx	X.Xx
Aurobindo Pharma	$8B	$X.XB	$4B	X.Xx	X.Xx
Krystal Biotech	$8B	$X.XB	$425M	X.Xx	X.Xx
ALK	$8B	$X.XB	$1B	X.Xx	X.Xx
Cytokinetics	$8B	$X.XB	$89M	X.Xx	X.Xx
Ono Pharmaceutical	$7B	$X.XB	$3B	X.Xx	X.Xx
Wantai BioPharm	$7B	$X.XB	—	X.Xx	X.Xx
Merus	$7B	$X.XB	—	X.Xx	X.Xx
Kelun	$7B	$X.XB	$3B	X.Xx	X.Xx
Alkem Laboratories	$7B	$X.XB	$2B	X.Xx	X.Xx
PharmaEssentia	$7B	$X.XB	$569M	X.Xx	X.Xx
ABL Bio	$7B	$X.XB	$61M	X.Xx	X.Xx
RemeGen	$7B	$X.XB	$609M	X.Xx	X.Xx
China Resources Sanjiu	$7B	$X.XB	$5B	X.Xx	X.Xx
Biocon	$7B	$X.XB	$2B	X.Xx	X.Xx
Kymera Therapeutics	$7B	$X.XB	$39M	X.Xx	X.Xx
Arcellx	$7B	$X.XB	$40M	X.Xx	X.Xx
Belite Bio	$7B	$X.XB	$7M	X.Xx	X.Xx
Grifols	$7B	$X.XB	$9B	X.Xx	X.Xx
Gedeon Richter	$7B	$X.XB	$3B	X.Xx	X.Xx
Protagonist Therapeutics	$7B	$X.XB	$152M	X.Xx	X.Xx
Glenmark Pharma	$6B	$X.XB	$2B	X.Xx	X.Xx
Dottikon ES Holding	$6B	$X.XB	$577M	X.Xx	X.Xx
Cogent Biosciences	$6B	$X.XB	$5M	X.Xx	X.Xx
Bachem	$6B	$X.XB	$967M	X.Xx	X.Xx
Laurus Labs	$6B	$X.XB	$743M	X.Xx	X.Xx
Shanghai Allist	$6B	$X.XB	—	X.Xx	X.Xx
3SBio	$6B	$X.XB	$2B	X.Xx	X.Xx
Beijing Tongrentang	$6B	$X.XB	$3B	X.Xx	X.Xx
Abbott India	$6B	$X.XB	$749M	X.Xx	X.Xx
Sumitomo Pharma	$6B	$X.XB	$3B	X.Xx	X.Xx
Shanghai RAAS	$6B	$X.XB	—	X.Xx	X.Xx
Rhythm Pharmaceuticals	$6B	$X.XB	$220M	X.Xx	X.Xx
Chongqing Zhifei	$6B	$X.XB	$2B	X.Xx	X.Xx
NewMarket	$6B	$X.XB	$3B	X.Xx	X.Xx
CRISPR Therapeutics	$6B	$X.XB	$15M	X.Xx	X.Xx
Lundbeck	$6B	$X.XB	$4B	X.Xx	X.Xx
Caris Life Sciences	$6B	$X.XB	$864M	X.Xx	X.Xx
SK Biopharmaceuticals	$6B	$X.XB	$516M	X.Xx	X.Xx
Hebei Changshan	$6B	$X.XB	—	X.Xx	X.Xx
Mirum Pharmaceuticals	$6B	$X.XB	$554M	X.Xx	X.Xx
Immunovant	$6B	$X.XB	—	X.Xx	X.Xx
Gan and Lee	$6B	$X.XB	$652M	X.Xx	X.Xx
CG Oncology	$6B	$X.XB	$7M	X.Xx	X.Xx
PTC Therapeutics	$5B	$X.XB	$2B	X.Xx	X.Xx
Yuhan	$5B	$X.XB	$2B	X.Xx	X.Xx
Changchun High-Tech	$5B	$X.XB	—	X.Xx	X.Xx
Celcuity	$5B	$X.XB	$15M	X.Xx	X.Xx
Hanmi Pharm	$5B	$X.XB	$1B	X.Xx	X.Xx
Scholar Rock	$5B	$X.XB	$5M	X.Xx	X.Xx
Dong-E-E-Jiao	$5B	$X.XB	$1B	X.Xx	X.Xx
Kolon TissueGene	$5B	$X.XB	$4M	X.Xx	X.Xx
Alkermes	$5B	$X.XB	$2B	X.Xx	X.Xx
Apogee Therapeutics	$5B	$X.XB	—	X.Xx	X.Xx
Laboratorios Rovi	$5B	$X.XB	$893M	X.Xx	X.Xx
GSK India	$5B	$X.XB	$419M	X.Xx	X.Xx
Beijing Tiantan	$5B	$X.XB	$917M	X.Xx	X.Xx
TG Therapeutics	$5B	$X.XB	$692M	X.Xx	X.Xx
Terns Pharma	$5B	$X.XB	—	X.Xx	X.Xx
Humanwell Healthcare	$5B	$X.XB	—	X.Xx	X.Xx
Henlius Biotech	$5B	$X.XB	$1B	X.Xx	X.Xx
Amicus Therapeutics	$5B	$X.XB	$666M	X.Xx	X.Xx
Structure Therapeutics	$4B	$X.XB	$2M	X.Xx	X.Xx
China Medical System	$4B	$X.XB	$1B	X.Xx	X.Xx
Amneal Pharmaceuticals	$4B	$X.XB	$3B	X.Xx	X.Xx
Peptron	$4B	$X.XB	—	X.Xx	X.Xx
Amoytop Biotech	$4B	$X.XB	$574M	X.Xx	X.Xx
LigaChem Biosciences	$4B	$X.XB	$108M	X.Xx	X.Xx
Anthem Biosciences	$4B	$X.XB	$227M	X.Xx	X.Xx
Erasca	$4B	$X.XB	—	X.Xx	X.Xx
Shijiazhuang Yiling	$4B	$X.XB	$1B	X.Xx	X.Xx
Shanghai Junshi	$4B	$X.XB	$394M	X.Xx	X.Xx
Crinetics Pharmaceuticals	$4B	$X.XB	$22M	X.Xx	X.Xx
Ipca Laboratories	$4B	$X.XB	$1B	X.Xx	X.Xx
Tianjin Pharma	$4B	$X.XB	—	X.Xx	X.Xx
Ligand Pharmaceuticals	$4B	$X.XB	$268M	X.Xx	X.Xx
Ajanta Pharma	$4B	$X.XB	$580M	X.Xx	X.Xx
Hualan Biological Engineering	$4B	$X.XB	$679M	X.Xx	X.Xx
Bayer SA	$4B	$X.XB	—	X.Xx	X.Xx
Livzon Pharmaceutical Group	$4B	$X.XB	$2B	X.Xx	X.Xx
Indivior Pharmaceuticals	$4B	$X.XB	$1B	X.Xx	X.Xx
Zealand Pharma	$4B	$X.XB	$1B	X.Xx	X.Xx
Centessa Pharmaceuticals	$4B	$X.XB	$10M	X.Xx	X.Xx
ADMA Biologics	$4B	$X.XB	$544M	X.Xx	X.Xx
Viking Therapeutics	$4B	$X.XB	—	X.Xx	X.Xx
Kanghong Pharmaceutical	$4B	$X.XB	$722M	X.Xx	X.Xx
Corcept Therapeutics	$4B	$X.XB	$798M	X.Xx	X.Xx
Kangmei Pharmaceutical Co.	$4B	$X.XB	—	X.Xx	X.Xx
ACADIA Pharmaceuticals	$4B	$X.XB	$1B	X.Xx	X.Xx
Santen Pharmaceutical	$4B	$X.XB	$2B	X.Xx	X.Xx
Hikma Pharmaceuticals	$4B	$X.XB	$3B	X.Xx	X.Xx
Hubei Jumpcan	$4B	$X.XB	$898M	X.Xx	X.Xx
Zelgen Biopharmaceuticals	$4B	$X.XB	$173M	X.Xx	X.Xx
Kiniksa Pharmaceuticals	$4B	$X.XB	$741M	X.Xx	X.Xx
Legend Biotech	$4B	$X.XB	$1B	X.Xx	X.Xx
CR Pharmaceutical	$4B	$X.XB	$40B	X.Xx	X.Xx
NewAmsterdam Pharma	$4B	$X.XB	$23M	X.Xx	X.Xx
Yili Chuannig Biotech	$4B	$X.XB	$689M	X.Xx	X.Xx
Aspen Pharmacare	$4B	$X.XB	$2B	X.Xx	X.Xx
Jiangsu Nhwa	$3B	$X.XB	—	X.Xx	X.Xx
Virbac	$3B	$X.XB	$2B	X.Xx	X.Xx
Zhejiang Huahai	$3B	$X.XB	$1B	X.Xx	X.Xx
J.B. Chemicals & Pharma	$3B	$X.XB	$463M	X.Xx	X.Xx
Grand Pharmaceutical	$3B	$X.XB	$2B	X.Xx	X.Xx
Duality Biotherapeutics	$3B	$X.XB	$262M	X.Xx	X.Xx
Xenon Pharmaceuticals	$3B	$X.XB	$7M	X.Xx	X.Xx
Gland Pharma	$3B	$X.XB	$687M	X.Xx	X.Xx
Denali Therapeutics	$3B	$X.XB	$16M	X.Xx	X.Xx
BB Biotech	$3B	$X.XB	$572B	X.Xx	X.Xx
United Laboratories International	$3B	$X.XB	$2B	X.Xx	X.Xx
Edgewise Therapeutics	$3B	$X.XB	—	X.Xx	X.Xx
Spyre Therapeutics	$3B	$X.XB	—	X.Xx	X.Xx
Tarsus Pharmaceuticals	$3B	$X.XB	$516M	X.Xx	X.Xx
Jilin Aodong	$3B	$X.XB	—	X.Xx	X.Xx
TransThera Sciences	$3B	$X.XB	—	X.Xx	X.Xx
Sunshine Lake Pharma	$3B	$X.XB	—	X.Xx	X.Xx
Tasly	$3B	$X.XB	$1B	X.Xx	X.Xx
PegBio	$3B	$X.XB	—	X.Xx	X.Xx
Supernus Pharmaceuticals	$3B	$X.XB	$758M	X.Xx	X.Xx
Viridian Therapeutics	$3B	$X.XB	$72M	X.Xx	X.Xx
InnoCare Pharma	$3B	$X.XB	$343M	X.Xx	X.Xx
Almirall	$3B	$X.XB	$1B	X.Xx	X.Xx
Camurus	$3B	$X.XB	$265M	X.Xx	X.Xx
Apeloa Pharmaceutical	$3B	$X.XB	$1B	X.Xx	X.Xx
Catalyst Pharmaceuticals	$3B	$X.XB	$600M	X.Xx	X.Xx
Joincare Pharmaceutical	$3B	$X.XB	$2B	X.Xx	X.Xx
Arcutis Biotherapeutics	$3B	$X.XB	$408M	X.Xx	X.Xx
Alumis	$3B	$X.XB	$20M	X.Xx	X.Xx
Emcure Pharmaceuticals	$3B	$X.XB	$986M	X.Xx	X.Xx
IDEAYA Biosciences	$3B	$X.XB	$170M	X.Xx	X.Xx
Vera Therapeutics	$3B	$X.XB	$11M	X.Xx	X.Xx
Hypera	$3B	$X.XB	$2B	X.Xx	X.Xx
BioArctic	$3B	$X.XB	$197M	X.Xx	X.Xx
Betta Pharmaceuticals	$3B	$X.XB	$546M	X.Xx	X.Xx
Kalbe Farma	$3B	$X.XB	$2B	X.Xx	X.Xx
Brightgene Bio-medical	$3B	$X.XB	—	X.Xx	X.Xx
Voronoi	$3B	$X.XB	—	X.Xx	X.Xx
Walvax Biotechnology	$3B	$X.XB	$362M	X.Xx	X.Xx
China Res Double-Crane	$3B	$X.XB	$2B	X.Xx	X.Xx
Liquidia	$3B	$X.XB	$274M	X.Xx	X.Xx
Ab&B Bio-Tech	$3B	$X.XB	—	X.Xx	X.Xx
Jamjoom Pharma	$3B	$X.XB	$417M	X.Xx	X.Xx
Hisamitsu Pharmaceutical	$3B	$X.XB	—	X.Xx	X.Xx
SK Bioscience	$3B	$X.XB	$455M	X.Xx	X.Xx
Travere Therapeutics	$3B	$X.XB	$545M	X.Xx	X.Xx
Buchang Pharma	$3B	$X.XB	—	X.Xx	X.Xx
WAVE Life Sciences	$3B	$X.XB	$40M	X.Xx	X.Xx
Apellis Pharmaceuticals	$3B	$X.XB	$966M	X.Xx	X.Xx
Sinocelltech Group	$3B	$X.XB	—	X.Xx	X.Xx
Arcus Biosciences	$3B	$X.XB	$205M	X.Xx	X.Xx
Kodiak Sciences	$3B	$X.XB	—	X.Xx	X.Xx
Dyne Therapeutics	$3B	$X.XB	—	X.Xx	X.Xx
Jinyu Bio-Technology Co.	$3B	$X.XB	—	X.Xx	X.Xx
Beam Therapeutics	$2B	$X.XB	$114M	X.Xx	X.Xx
D&D Pharmatech	$2B	$X.XB	$11M	X.Xx	X.Xx
Dermapharm Holding	$2B	$X.XB	$1B	X.Xx	X.Xx
Cosmo Pharmaceuticals	$2B	$X.XB	$122M	X.Xx	X.Xx
BioKangtai	$2B	$X.XB	$423M	X.Xx	X.Xx
Wockhardt	$2B	$X.XB	—	X.Xx	X.Xx
Ocular Therapeutix	$2B	$X.XB	$53M	X.Xx	X.Xx
Dianthus Therapeutics	$2B	$X.XB	$2M	X.Xx	X.Xx
Anhui Anke Biotechnology	$2B	$X.XB	—	X.Xx	X.Xx
AstraZeneca Pharma India	$2B	$X.XB	—	X.Xx	X.Xx
Pfizer India	$2B	$X.XB	$274M	X.Xx	X.Xx
HUTCHMED (China)	$2B	$X.XB	$573M	X.Xx	X.Xx
Hepalink	$2B	$X.XB	$804M	X.Xx	X.Xx
Mineralys Therapeutics	$2B	$X.XB	—	X.Xx	X.Xx
Immunome	$2B	$X.XB	$6M	X.Xx	X.Xx
Nanjing King-Friend	$2B	$X.XB	$616M	X.Xx	X.Xx
Disc Medicine	$2B	$X.XB	—	X.Xx	X.Xx
Lotus Pharmaceutical	$2B	$X.XB	$739M	X.Xx	X.Xx
Jafron Biomedical	$2B	$X.XB	$321M	X.Xx	X.Xx
BioCryst Pharma	$2B	$X.XB	$815M	X.Xx	X.Xx
Nippon Shinyaku	$2B	$X.XB	$1B	X.Xx	X.Xx
Celltrion Pharm	$2B	$X.XB	—	X.Xx	X.Xx
Bavarian Nordic	$2B	$X.XB	$920M	X.Xx	X.Xx
Nektar Therapeutics	$2B	$X.XB	$52M	X.Xx	X.Xx
Ultragenyx	$2B	$X.XB	$699M	X.Xx	X.Xx
Maze Therapeutics	$2B	$X.XB	$3M	X.Xx	X.Xx
Yifan Pharmaceutical	$2B	$X.XB	$930M	X.Xx	X.Xx
Avadel Pharmaceuticals	$2B	$X.XB	$297M	X.Xx	X.Xx
Mabwell	$2B	$X.XB	$114M	X.Xx	X.Xx
Zhejiang Wolwo Bio-Pharma	$2B	$X.XB	$166M	X.Xx	X.Xx
Ascentage Pharma Group	$2B	$X.XB	$92M	X.Xx	X.Xx
Agios Pharmaceuticals	$2B	$X.XB	$64M	X.Xx	X.Xx
Soleno Therapeutics	$2B	$X.XB	$265M	X.Xx	X.Xx
Nuvation Bio	$2B	$X.XB	$98M	X.Xx	X.Xx
Phibro Animal Health	$2B	$X.XB	$1B	X.Xx	X.Xx
Harrow	$2B	$X.XB	$294M	X.Xx	X.Xx
Aurinia Pharmaceuticals	$2B	$X.XB	$295M	X.Xx	X.Xx
Cheezheng Tibetan Medicine	$2B	$X.XB	—	X.Xx	X.Xx
Eris Lifesciences	$2B	$X.XB	$346M	X.Xx	X.Xx
Bausch Health	$2B	$X.XB	$10B	X.Xx	X.Xx
Stoke Therapeutics	$2B	$X.XB	$142M	X.Xx	X.Xx
Celldex Therapeutics	$2B	$X.XB	$2M	X.Xx	X.Xx
Bora Pharmaceuticals	$2B	$X.XB	$627M	X.Xx	X.Xx
Galapagos	$2B	$X.XB	$968M	X.Xx	X.Xx
Olema Pharmaceuticals	$2B	$X.XB	$604K	X.Xx	X.Xx
Hugel	$2B	$X.XB	$304M	X.Xx	X.Xx
Palvella Therapeutics	$2B	$X.XB	$7K	X.Xx	X.Xx
Natco Pharma	$2B	$X.XB	$433M	X.Xx	X.Xx
Syndax	$2B	$X.XB	$223M	X.Xx	X.Xx
Zymeworks	$2B	$X.XB	$157M	X.Xx	X.Xx
Eczacıbaşı İlaç	$2B	$X.XB	—	X.Xx	X.Xx
Hanall Biopharma	$2B	$X.XB	$107M	X.Xx	X.Xx
Mesoblast	$2B	$X.XB	$102M	X.Xx	X.Xx
Recursion Pharmaceuticals	$2B	$X.XB	$76M	X.Xx	X.Xx
Tyra Biosciences	$2B	$X.XB	—	X.Xx	X.Xx
Organon	$2B	$X.XB	$6B	X.Xx	X.Xx
Pacific Shuanglin	$2B	$X.XB	—	X.Xx	X.Xx
InventisBio	$2B	$X.XB	$10M	X.Xx	X.Xx
Tsumura	$2B	$X.XB	$1B	X.Xx	X.Xx
Neuland Laboratories	$2B	$X.XB	$190M	X.Xx	X.Xx
Semnur Pharmaceuticals	$2B	$X.XB	—	X.Xx	X.Xx
Hualan Biological Vaccine	$2B	$X.XB	$182M	X.Xx	X.Xx
Pharma Mar	$2B	$X.XB	$257M	X.Xx	X.Xx
Intellia Therapeutics	$2B	$X.XB	$65M	X.Xx	X.Xx
Galecto	$2B	$X.XB	—	X.Xx	X.Xx
Relay Therapeutics	$2B	$X.XB	$13M	X.Xx	X.Xx
Faes Farma	$2B	$X.XB	$742M	X.Xx	X.Xx
Vericel	$2B	$X.XB	$289M	X.Xx	X.Xx
Enliven Therapeutics	$2B	$X.XB	—	X.Xx	X.Xx
Pharvaris	$2B	$X.XB	—	X.Xx	X.Xx
Star Lake Bioscience	$2B	$X.XB	—	X.Xx	X.Xx
Granules India	$2B	$X.XB	$572M	X.Xx	X.Xx
Sarepta Therapeutics	$2B	$X.XB	$2B	X.Xx	X.Xx
Innoviva	$2B	$X.XB	$419M	X.Xx	X.Xx
Definium Therapeutics	$2B	$X.XB	—	X.Xx	X.Xx
Zhejiang Jolly	$2B	$X.XB	$463M	X.Xx	X.Xx
ANI Pharmaceuticals	$2B	$X.XB	$938M	X.Xx	X.Xx
RAPT Therapeutics	$2B	$X.XB	—	X.Xx	X.Xx
Harmony Biosciences	$2B	$X.XB	$909M	X.Xx	X.Xx
AnaptysBio	$2B	$X.XB	$203M	X.Xx	X.Xx
Amylyx Pharmaceuticals	$2B	$X.XB	—	X.Xx	X.Xx
Chengdu Easton	$2B	$X.XB	$211M	X.Xx	X.Xx
Nurix Therapeutics	$2B	$X.XB	$74M	X.Xx	X.Xx
Novavax	$2B	$X.XB	$911M	X.Xx	X.Xx
Everest Medicines	$2B	$X.XB	$313M	X.Xx	X.Xx
Sionna Therapeutics	$2B	$X.XB	—	X.Xx	X.Xx
Oruka Therapeutics	$2B	$X.XB	—	X.Xx	X.Xx
Immunocore Holdings	$2B	$X.XB	$413M	X.Xx	X.Xx
Guangzhou Innogen Pharma	$2B	$X.XB	$32M	X.Xx	X.Xx
Nanobiotix	$2B	$X.XB	$38M	X.Xx	X.Xx
Trevi Therapeutics	$2B	$X.XB	—	X.Xx	X.Xx
Veradermics	$2B	$X.XB	—	X.Xx	X.Xx
OneSource Specialty	$2B	$X.XB	$157M	X.Xx	X.Xx
Square Pharma	$2B	$X.XB	—	X.Xx	X.Xx
Yantai Dongcheng	$2B	$X.XB	$408M	X.Xx	X.Xx
Sawai Group Holdings	$2B	$X.XB	$1B	X.Xx	X.Xx
Biohaven	$2B	$X.XB	—	X.Xx	X.Xx
Alembic Pharmaceuticals	$2B	$X.XB	$798M	X.Xx	X.Xx
Sinopep	$2B	$X.XB	—	X.Xx	X.Xx
Liaoning Chengda Biotech	$2B	$X.XB	—	X.Xx	X.Xx
Jubilant Pharmova	$2B	$X.XB	$874M	X.Xx	X.Xx
ORIC Pharmaceuticals	$2B	$X.XB	—	X.Xx	X.Xx
Chongqing Genrix	$2B	$X.XB	—	X.Xx	X.Xx
Iovance Biotherapeutics	$2B	$X.XB	$295M	X.Xx	X.Xx
Tango Therapeutics	$2B	$X.XB	$47M	X.Xx	X.Xx
Corvus Pharma	$1B	$X.XB	—	X.Xx	X.Xx
EyePoint	$1B	$X.XB	$23M	X.Xx	X.Xx
Ardelyx	$1B	$X.XB	$446M	X.Xx	X.Xx
Vir Biotechnology	$1B	$X.XB	$87M	X.Xx	X.Xx
Oscotec	$1B	$X.XB	$64M	X.Xx	X.Xx
Bio-Thera Solutions	$1B	$X.XB	—	X.Xx	X.Xx
Monte Rosa Therapeutics	$1B	$X.XB	$106M	X.Xx	X.Xx
Caplin Point Laboratories	$1B	$X.XB	$229M	X.Xx	X.Xx
Zenas BioPharma	$1B	$X.XB	$10M	X.Xx	X.Xx
MBX Biosciences	$1B	$X.XB	—	X.Xx	X.Xx
AtaiBeckley	$1B	$X.XB	$3M	X.Xx	X.Xx
Capricor Therapeutics	$1B	$X.XB	$40M	X.Xx	X.Xx
Rapport Therapeutics	$1B	$X.XB	$3M	X.Xx	X.Xx
Youcare Pharmaceutical	$1B	$X.XB	—	X.Xx	X.Xx
Concord Biotech	$1B	$X.XB	$127M	X.Xx	X.Xx
SOTHEMA	$1B	$X.XB	—	X.Xx	X.Xx
TOWA Pharmaceutical	$1B	$X.XB	$2B	X.Xx	X.Xx
Chengdu Kanghua	$1B	$X.XB	$179M	X.Xx	X.Xx
Immatics	$1B	$X.XB	$53M	X.Xx	X.Xx
Day One Biopharmaceutical	$1B	$X.XB	$180M	X.Xx	X.Xx
Daewoong Pharmaceutical	$1B	$X.XB	$975M	X.Xx	X.Xx
Kissei Pharmaceutical	$1B	$X.XB	$602M	X.Xx	X.Xx
Jiangxi Fushine Pharma	$1B	$X.XB	$202M	X.Xx	X.Xx
Precigen	$1B	$X.XB	$38M	X.Xx	X.Xx
Idorsia	$1B	$X.XB	$280M	X.Xx	X.Xx
China TCM	$1B	$X.XB	$2B	X.Xx	X.Xx
Cohance Lifesciences	$1B	$X.XB	$244M	X.Xx	X.Xx
Taysha GTx	$1B	$X.XB	$8M	X.Xx	X.Xx
GuangYuYuan Chinese	$1B	$X.XB	—	X.Xx	X.Xx
Collegium Pharmaceutical	$1B	$X.XB	$788M	X.Xx	X.Xx
HBM Holdings	$1B	$X.XB	$175M	X.Xx	X.Xx
GNI Group	$1B	$X.XB	$180M	X.Xx	X.Xx
Uniphar	$1B	$X.XB	$4B	X.Xx	X.Xx
Guilin Sanjin	$1B	$X.XB	—	X.Xx	X.Xx
Septerna	$1B	$X.XB	$53M	X.Xx	X.Xx
Savara	$1B	$X.XB	$4M	X.Xx	X.Xx
MoonLake	$1B	$X.XB	—	X.Xx	X.Xx
ACROBiosystems	$1B	$X.XB	$128M	X.Xx	X.Xx
CStone Pharmaceuticals	$1B	$X.XB	$47M	X.Xx	X.Xx
DBV Technologies	$1B	$X.XB	$6M	X.Xx	X.Xx
Changchun BCHT	$1B	$X.XB	—	X.Xx	X.Xx
Zhejiang Ausun	$1B	$X.XB	—	X.Xx	X.Xx
Vetoquinol	$1B	$X.XB	$608M	X.Xx	X.Xx
Inventiva	$1B	$X.XB	$5M	X.Xx	X.Xx
Alvotech	$1B	$X.XB	$596M	X.Xx	X.Xx
Sana Biotechnology	$1B	$X.XB	—	X.Xx	X.Xx
Aktis Oncology	$1B	$X.XB	$10M	X.Xx	X.Xx
Pharming	$1B	$X.XB	$384M	X.Xx	X.Xx
SanBio	$1B	$X.XB	$3M	X.Xx	X.Xx
Keqian Biology	$1B	$X.XB	$177M	X.Xx	X.Xx
uniQure	$1B	$X.XB	$20M	X.Xx	X.Xx
Lepu Biopharma	$1B	$X.XB	$135M	X.Xx	X.Xx
Chabiotech	$1B	$X.XB	—	X.Xx	X.Xx
HK inno.N	$1B	$X.XB	$735M	X.Xx	X.Xx
AprilBio	$1B	$X.XB	$5M	X.Xx	X.Xx
Neuren Pharma	$1B	$X.XB	$48M	X.Xx	X.Xx
Kaken Pharmaceutical	$1B	$X.XB	$523M	X.Xx	X.Xx
CureVac	$1B	$X.XB	—	X.Xx	X.Xx
ArriVent BioPharma	$1B	$X.XB	—	X.Xx	X.Xx
Mega Lifesciences	$1B	$X.XB	$462M	X.Xx	X.Xx
Sanofi India	$1B	$X.XB	$204M	X.Xx	X.Xx
TchaikaPharma	$1B	$X.XB	—	X.Xx	X.Xx
PeptiDream	$1B	$X.XB	$164M	X.Xx	X.Xx
Ventyx Biosciences	$1B	$X.XB	—	X.Xx	X.Xx
Compass Therapeutics	$1B	$X.XB	$353K	X.Xx	X.Xx
SSY Group	$999M	$X.XB	—	X.Xx	X.Xx
Xeris Biopharma	$999M	$X.XB	$317M	X.Xx	X.Xx
GH Research	$989M	$X.XB	—	X.Xx	X.Xx
Philogen	$980M	$X.XB	$296M	X.Xx	X.Xx
Phathom Pharmaceuticals	$980M	$X.XB	$217M	X.Xx	X.Xx
Amphastar Pharma	$965M	$X.XB	$730M	X.Xx	X.Xx
Cullinan Therapeutics	$963M	$X.XB	$7M	X.Xx	X.Xx
Theravance	$960M	$X.XB	$110M	X.Xx	X.Xx
Allergy Therapuetics	$959M	$X.XB	$81M	X.Xx	X.Xx
SPIMACO - ADDWAEIH	$952M	$X.XB	—	X.Xx	X.Xx
Gen İlaç	$951M	$X.XB	—	X.Xx	X.Xx
Lumosa Therapeutics	$945M	$X.XB	—	X.Xx	X.Xx
SELLAS Life Sciences	$943M	$X.XB	—	X.Xx	X.Xx
Valneva	$940M	$X.XB	$199M	X.Xx	X.Xx
Geron	$938M	$X.XB	$196M	X.Xx	X.Xx
SpyGlass Pharma	$931M	$X.XB	—	X.Xx	X.Xx
Inhibrx Biosciences	$931M	$X.XB	$951K	X.Xx	X.Xx
Center Laboratories	$925M	$X.XB	—	X.Xx	X.Xx
Bicara Therapeutics	$919M	$X.XB	—	X.Xx	X.Xx
ARS Pharmaceuticals	$917M	$X.XB	$105M	X.Xx	X.Xx
MannKind	$906M	$X.XB	$381M	X.Xx	X.Xx
Arbutus Biopharma	$902M	$X.XB	$11M	X.Xx	X.Xx
MedinCell	$896M	$X.XB	$38M	X.Xx	X.Xx
UroGen Pharma	$890M	$X.XB	$146M	X.Xx	X.Xx
Vor Biopharma	$882M	$X.XB	—	X.Xx	X.Xx
Arvinas	$881M	$X.XB	$217M	X.Xx	X.Xx
Bioage Labs	$880M	$X.XB	$8M	X.Xx	X.Xx
Xencor	$878M	$X.XB	$123M	X.Xx	X.Xx
Hyundai Bioscience	$875M	$X.XB	—	X.Xx	X.Xx
Pacira BioSciences	$875M	$X.XB	$736M	X.Xx	X.Xx
Oneness Biotech	$872M	$X.XB	—	X.Xx	X.Xx
OPKO Health	$865M	$X.XB	$592M	X.Xx	X.Xx
CytomX Therapeutics	$859M	$X.XB	$62M	X.Xx	X.Xx
Marksans Pharma	$859M	$X.XB	$311M	X.Xx	X.Xx
Strides Pharma	$858M	$X.XB	$520M	X.Xx	X.Xx
Chong Kun Dang Pharma	$854M	$X.XB	$1B	X.Xx	X.Xx
Gyre Therapeutics	$841M	$X.XB	$122M	X.Xx	X.Xx
Biotest	$840M	$X.XB	—	X.Xx	X.Xx
Basilea Pharmaceutica	$840M	$X.XB	$305M	X.Xx	X.Xx
Evommune	$820M	$X.XB	$12M	X.Xx	X.Xx
Janux Therapeutics	$818M	$X.XB	$11M	X.Xx	X.Xx
Omeros	$818M	$X.XB	$32M	X.Xx	X.Xx
KalVista Pharmaceuticals	$811M	$X.XB	$88M	X.Xx	X.Xx
Clarity Pharmaceuticals	$811M	$X.XB	$3M	X.Xx	X.Xx
Polaris Group	$806M	$X.XB	—	X.Xx	X.Xx
BridgeBio Oncology	$800M	$X.XB	—	X.Xx	X.Xx
MapLight Therapeutics	$797M	$X.XB	—	X.Xx	X.Xx
Agomab Therapeutics	$789M	$X.XB	—	X.Xx	X.Xx
Akums Drugs and Pharma	$788M	$X.XB	$470M	X.Xx	X.Xx
Nika Pharmaceuticals	$786M	$X.XB	—	X.Xx	X.Xx
Bright Minds Biosciences	$775M	$X.XB	—	X.Xx	X.Xx
Annexon	$770M	$X.XB	—	X.Xx	X.Xx
PYC Therapeutics	$758M	$X.XB	$4M	X.Xx	X.Xx
Kura Oncology	$755M	$X.XB	$79M	X.Xx	X.Xx
Blue Jet Healthcare	$748M	$X.XB	$107M	X.Xx	X.Xx
Prime Medicine	$744M	$X.XB	$8M	X.Xx	X.Xx
Eikon Therapeutics	$743M	$X.XB	—	X.Xx	X.Xx
Jade Biosciences	$733M	$X.XB	—	X.Xx	X.Xx
Tempo Scan Pacific	$732M	$X.XB	—	X.Xx	X.Xx
Abclon	$715M	$X.XB	—	X.Xx	X.Xx
Zentiva	$714M	$X.XB	—	X.Xx	X.Xx
Astria Therapeutics	$714M	$X.XB	—	X.Xx	X.Xx
MiMedx Group	$712M	$X.XB	$400M	X.Xx	X.Xx
Guizhou Sanli	$712M	$X.XB	$215M	X.Xx	X.Xx
Pharmicell	$704M	$X.XB	$86M	X.Xx	X.Xx
Aarti Pharmalabs	$701M	$X.XB	—	X.Xx	X.Xx
Esperion Therapeutics	$696M	$X.XB	$405M	X.Xx	X.Xx
Alkaloid	$671M	$X.XB	—	X.Xx	X.Xx
enGene	$669M	$X.XB	—	X.Xx	X.Xx
Luzhu Biotech	$656M	$X.XB	—	X.Xx	X.Xx
Zentiva	$654M	$X.XB	—	X.Xx	X.Xx
TTY Biopharm	$652M	$X.XB	$207M	X.Xx	X.Xx
Lexicon Pharmaceuticals	$650M	$X.XB	$46M	X.Xx	X.Xx
Zura Bio	$641M	$X.XB	—	X.Xx	X.Xx
TYK Medicines	$630M	$X.XB	—	X.Xx	X.Xx
Alto Neuroscience	$612M	$X.XB	—	X.Xx	X.Xx
LB Pharmaceuticals	$605M	$X.XB	—	X.Xx	X.Xx
Zhejiang Shouxiangu	$596M	$X.XB	—	X.Xx	X.Xx
Neumora Therapeutics	$593M	$X.XB	—	X.Xx	X.Xx
Design Therapeutics	$591M	$X.XB	—	X.Xx	X.Xx
Ocugen	$587M	$X.XB	$4M	X.Xx	X.Xx
Medy-Tox	$586M	$X.XB	$169M	X.Xx	X.Xx
Ironwood Pharmaceuticals	$582M	$X.XB	$340M	X.Xx	X.Xx
Replimune Group	$581M	$X.XB	$3M	X.Xx	X.Xx
Boan Biotech	$577M	$X.XB	$117M	X.Xx	X.Xx
Allogene Therapeutics	$571M	$X.XB	$4K	X.Xx	X.Xx
Cormedix	$569M	$X.XB	$311M	X.Xx	X.Xx
MeiraGTx	$561M	$X.XB	$60M	X.Xx	X.Xx
Fulcrum Therapeutics	$559M	$X.XB	—	X.Xx	X.Xx
Contineum Therapeutics	$558M	$X.XB	$3M	X.Xx	X.Xx
Onconic Therapeutics	$557M	$X.XB	—	X.Xx	X.Xx
Boiron	$542M	$X.XB	$587M	X.Xx	X.Xx
Rocket Pharmaceuticals	$539M	$X.XB	$5M	X.Xx	X.Xx
Rigel Pharmaceuticals	$537M	$X.XB	$292M	X.Xx	X.Xx
Nxera Pharma	$531M	$X.XB	$205M	X.Xx	X.Xx
Supriya Lifescience	$531M	$X.XB	$90M	X.Xx	X.Xx
Prothena Corp.	$530M	$X.XB	$31M	X.Xx	X.Xx
Lexeo Therapeutics	$524M	$X.XB	—	X.Xx	X.Xx
Avalon Pharma	$523M	$X.XB	—	X.Xx	X.Xx
ADC Therapeutics	$518M	$X.XB	$81M	X.Xx	X.Xx
Genfit	$513M	$X.XB	$83M	X.Xx	X.Xx
Zevra Therapeutics	$513M	$X.XB	$116M	X.Xx	X.Xx
Opthea	$511M	$X.XB	$25K	X.Xx	X.Xx
Kyverna Therapeutics	$508M	$X.XB	—	X.Xx	X.Xx
Lyell Immunopharma	$503M	$X.XB	$30K	X.Xx	X.Xx
Climb Bio	$496M	$X.XB	—	X.Xx	X.Xx
4D Molecular Therapeutics	$493M	$X.XB	$65M	X.Xx	X.Xx
AIM Vaccine	$491M	$X.XB	$169M	X.Xx	X.Xx
Aquestive Therapeutics	$491M	$X.XB	$45M	X.Xx	X.Xx
GC Biopharma	$491M	$X.XB	—	X.Xx	X.Xx
Synmosa Biopharma	$490M	$X.XB	—	X.Xx	X.Xx
Blau Farmacêutica	$490M	$X.XB	$344M	X.Xx	X.Xx
Vanda Pharmaceuticals	$485M	$X.XB	$227M	X.Xx	X.Xx
Eupraxia Pharmaceuticals	$485M	$X.XB	—	X.Xx	X.Xx
Solid Biosciences	$483M	$X.XB	—	X.Xx	X.Xx
2seventy bio	$481M	$X.XB	—	X.Xx	X.Xx
Invivyd	$477M	$X.XB	$74M	X.Xx	X.Xx
Emergent BioSolutions	$472M	$X.XB	$743M	X.Xx	X.Xx
Eton Pharmaceuticals	$470M	$X.XB	$88M	X.Xx	X.Xx
Regenxbio	$468M	$X.XB	$192M	X.Xx	X.Xx
Kamada	$467M	$X.XB	$186M	X.Xx	X.Xx
Newron Pharmaceuticals	$465M	$X.XB	$28M	X.Xx	X.Xx
SIGA Technologies	$463M	$X.XB	$87M	X.Xx	X.Xx
NervGen Pharma	$461M	$X.XB	—	X.Xx	X.Xx
TaiMed Biologics	$460M	$X.XB	$19M	X.Xx	X.Xx
Entrada Therapeutics	$457M	$X.XB	$24M	X.Xx	X.Xx
Formycon	$456M	$X.XB	$73M	X.Xx	X.Xx
Shanghai Hile Bio-Tech	$455M	$X.XB	—	X.Xx	X.Xx
Larimar Therapeutics	$453M	$X.XB	—	X.Xx	X.Xx
Knight Therapeutics	$452M	$X.XB	$335M	X.Xx	X.Xx
Enanta Pharmaceuticals	$448M	$X.XB	$66M	X.Xx	X.Xx
YungShin Global Holding	$443M	$X.XB	—	X.Xx	X.Xx
Verastem	$443M	$X.XB	$54M	X.Xx	X.Xx
GlaxoSmithKline Pakistan	$443M	$X.XB	$222M	X.Xx	X.Xx
Tectonic Therapeutic	$439M	$X.XB	—	X.Xx	X.Xx
Assembly Biosciences	$438M	$X.XB	$68M	X.Xx	X.Xx
Altimmune	$435M	$X.XB	$32K	X.Xx	X.Xx
Cuorips	$430M	$X.XB	—	X.Xx	X.Xx
Immix Biopharma	$427M	$X.XB	—	X.Xx	X.Xx
Ever Supreme Bio Technology	$423M	$X.XB	$34M	X.Xx	X.Xx
Anavex Life Sciences	$420M	$X.XB	—	X.Xx	X.Xx
Keros Therapeutics	$420M	$X.XB	$181M	X.Xx	X.Xx
Armata Pharmaceuticals	$416M	$X.XB	$4M	X.Xx	X.Xx
Upstream Bio	$415M	$X.XB	$2M	X.Xx	X.Xx
Elite Pharmaceuticals	$409M	$X.XB	—	X.Xx	X.Xx
Renata	$408M	$X.XB	—	X.Xx	X.Xx
Swedencare	$407M	$X.XB	$303M	X.Xx	X.Xx
Tanvex BioPharma	$406M	$X.XB	—	X.Xx	X.Xx
DiaMedica	$405M	$X.XB	—	X.Xx	X.Xx
Absci	$399M	$X.XB	$4M	X.Xx	X.Xx
Nextbiomedical Co	$398M	$X.XB	$12M	X.Xx	X.Xx
Bicycle Therapeutics	$397M	$X.XB	$62M	X.Xx	X.Xx
Autolus Therapeutics	$395M	$X.XB	$91M	X.Xx	X.Xx
Cellectis	$384M	$X.XB	$76M	X.Xx	X.Xx
Senores Pharmaceuticals	$383M	$X.XB	$69M	X.Xx	X.Xx
Organogenesis	$380M	$X.XB	$520M	X.Xx	X.Xx
Benitec Biopharma	$378M	$X.XB	—	X.Xx	X.Xx
LENZ Therapeutics	$377M	$X.XB	$22M	X.Xx	X.Xx
Monopar Therapeutics	$373M	$X.XB	—	X.Xx	X.Xx
Lineage Cell Therapeutics	$371M	$X.XB	$19M	X.Xx	X.Xx
Medigen Vaccine Biologics	$367M	$X.XB	$21M	X.Xx	X.Xx
Atea Pharmaceuticals	$366M	$X.XB	—	X.Xx	X.Xx
Neurogene	$365M	$X.XB	—	X.Xx	X.Xx
Probi	$362M	$X.XB	—	X.Xx	X.Xx
Aura Biosciences	$362M	$X.XB	—	X.Xx	X.Xx
Recbio	$360M	$X.XB	$2M	X.Xx	X.Xx
Avacta Group	$359M	$X.XB	$55K	X.Xx	X.Xx
Candel Therapeutics	$355M	$X.XB	—	X.Xx	X.Xx
Relmada Therapeutics	$354M	$X.XB	—	X.Xx	X.Xx
Duopharma Biotech	$354M	$X.XB	$239M	X.Xx	X.Xx
PureTech Health	$352M	$X.XB	—	X.Xx	X.Xx
Julphar	$349M	$X.XB	$293M	X.Xx	X.Xx
Ovid Therapeutics	$347M	$X.XB	$5M	X.Xx	X.Xx
Crescent Biopharma	$345M	$X.XB	$8M	X.Xx	X.Xx
Forte Biosciences	$343M	$X.XB	—	X.Xx	X.Xx
Sutro Biopharma	$340M	$X.XB	$84M	X.Xx	X.Xx
Avalo Therapeutics	$340M	$X.XB	$43K	X.Xx	X.Xx
Hansa Biopharma	$339M	$X.XB	$26M	X.Xx	X.Xx
Cabaletta Bio	$335M	$X.XB	—	X.Xx	X.Xx
Foghorn Therapeutics	$333M	$X.XB	$31M	X.Xx	X.Xx
Adlai Nortye	$332M	$X.XB	$8M	X.Xx	X.Xx
Racura Oncology	$331M	$X.XB	$775K	X.Xx	X.Xx
Aclaris Therapeutics	$331M	$X.XB	$7M	X.Xx	X.Xx
Cybin	$330M	$X.XB	—	X.Xx	X.Xx
XOMA Royalty	$325M	$X.XB	$56M	X.Xx	X.Xx
Immuneering	$323M	$X.XB	—	X.Xx	X.Xx
Puma Biotechnology	$323M	$X.XB	$208M	X.Xx	X.Xx
Binex	$321M	$X.XB	$118M	X.Xx	X.Xx
Celon Pharma	$321M	$X.XB	$68M	X.Xx	X.Xx
Protara Therapeutics	$320M	$X.XB	—	X.Xx	X.Xx
Akebia Therapeutics	$317M	$X.XB	$235M	X.Xx	X.Xx
Northwest Biotherapeutics	$313M	$X.XB	—	X.Xx	X.Xx
Clinuvel Pharmaceuticals	$313M	$X.XB	$67M	X.Xx	X.Xx
CytoDyn	$313M	$X.XB	—	X.Xx	X.Xx
Aldeyra Therapeutics	$313M	$X.XB	$16M	X.Xx	X.Xx
Greenwich LifeSciences	$305M	$X.XB	—	X.Xx	X.Xx
Antibiotice	$303M	$X.XB	—	X.Xx	X.Xx
Amarin Corp	$302M	$X.XB	$203M	X.Xx	X.Xx
S Biomedics	$301M	$X.XB	—	X.Xx	X.Xx
Flerie	$301M	$X.XB	—	X.Xx	X.Xx
Rezolute	$300M	$X.XB	—	X.Xx	X.Xx
C4 Therapeutics	$300M	$X.XB	$32M	X.Xx	X.Xx
Shattuck Labs	$299M	$X.XB	$732K	X.Xx	X.Xx
Opus Genetics	$299M	$X.XB	$15M	X.Xx	X.Xx
Dishman Carbogen Amics	$298M	$X.XB	—	X.Xx	X.Xx
Vicore Pharma Holding	$298M	$X.XB	$436K	X.Xx	X.Xx
X4 Pharmaceuticals	$297M	$X.XB	$28M	X.Xx	X.Xx
Pyridam Farma	$293M	$X.XB	—	X.Xx	X.Xx
Biofarm	$293M	$X.XB	—	X.Xx	X.Xx
Fennec Pharmaceuticals	$286M	$X.XB	$52M	X.Xx	X.Xx
AC Immune	$286M	$X.XB	$13M	X.Xx	X.Xx
Santhera Pharma	$284M	$X.XB	$102M	X.Xx	X.Xx
Transgene	$283M	$X.XB	$9M	X.Xx	X.Xx
Heartseed	$280M	$X.XB	$15M	X.Xx	X.Xx
ALX Oncology	$277M	$X.XB	—	X.Xx	X.Xx
Palisade Bio	$270M	$X.XB	—	X.Xx	X.Xx
Journey Medical	$267M	$X.XB	$68M	X.Xx	X.Xx
Abeona Therapeutics	$263M	$X.XB	$21M	X.Xx	X.Xx
Ourofino	$256M	$X.XB	—	X.Xx	X.Xx
Animalcare Group	$256M	$X.XB	$119M	X.Xx	X.Xx
Kala Bio	$255M	$X.XB	—	X.Xx	X.Xx
ProKidney	$254M	$X.XB	$735K	X.Xx	X.Xx
Oryzon Genomics	$250M	$X.XB	$2M	X.Xx	X.Xx
Sol-Gel Technologies	$249M	$X.XB	$20M	X.Xx	X.Xx
Acepodia	$249M	$X.XB	—	X.Xx	X.Xx
OmniAb	$248M	$X.XB	$21M	X.Xx	X.Xx
Coherus Oncology	$248M	$X.XB	$54M	X.Xx	X.Xx
Silence Therapeutics	$248M	$X.XB	$2M	X.Xx	X.Xx
Lavipharm	$248M	$X.XB	—	X.Xx	X.Xx
Achieve Life Sciences	$246M	$X.XB	—	X.Xx	X.Xx
Reig Jofré	$242M	$X.XB	$394M	X.Xx	X.Xx
Nuvectis Pharma	$239M	$X.XB	—	X.Xx	X.Xx
Surrozen	$239M	$X.XB	$4M	X.Xx	X.Xx
Context Therapeutics	$238M	$X.XB	—	X.Xx	X.Xx
Alector	$238M	$X.XB	$25M	X.Xx	X.Xx
Adimmune	$238M	$X.XB	—	X.Xx	X.Xx
Saniona	$236M	$X.XB	—	X.Xx	X.Xx
Voyager Therapeutics	$236M	$X.XB	$44M	X.Xx	X.Xx
Eledon Pharmaceuticals	$234M	$X.XB	—	X.Xx	X.Xx
Arcturus Therapeutics	$234M	$X.XB	$70M	X.Xx	X.Xx
Camp4 Therapeutics	$233M	$X.XB	$4M	X.Xx	X.Xx
Prelude Therapeutics	$232M	$X.XB	$22M	X.Xx	X.Xx
BGM Group	$227M	$X.XB	—	X.Xx	X.Xx
Protalix	$224M	$X.XB	$60M	X.Xx	X.Xx
MediWound	$223M	$X.XB	$19M	X.Xx	X.Xx
Century Therapeutics	$223M	$X.XB	$80M	X.Xx	X.Xx
Hyloris Pharmaceuticals	$222M	$X.XB	$16M	X.Xx	X.Xx
Sensorion	$216M	$X.XB	$11M	X.Xx	X.Xx
Humacyte	$215M	$X.XB	$4M	X.Xx	X.Xx
Diamyd Medical	$214M	$X.XB	—	X.Xx	X.Xx
Searle Co.	$213M	$X.XB	—	X.Xx	X.Xx
Mycenax Biotech	$211M	$X.XB	$25M	X.Xx	X.Xx
Editas Medicine	$209M	$X.XB	$37M	X.Xx	X.Xx
Cereno Scientific	$209M	$X.XB	—	X.Xx	X.Xx
Atrium Therapeutics	$209M	$X.XB	$16M	X.Xx	X.Xx
Heron Therapeutics	$207M	$X.XB	$160M	X.Xx	X.Xx
Elicio Therapeutics	$204M	$X.XB	—	X.Xx	X.Xx
Medeze Group	$203M	$X.XB	$24M	X.Xx	X.Xx
AFT Pharmaceuticals	$201M	$X.XB	$148M	X.Xx	X.Xx
Acumen Pharmaceuticals	$200M	$X.XB	—	X.Xx	X.Xx
Compugen	$195M	$X.XB	$57M	X.Xx	X.Xx
Galectin Therapeutics	$194M	$X.XB	—	X.Xx	X.Xx
Egetis Therapeutics	$192M	$X.XB	$19M	X.Xx	X.Xx
Guerbet	$189M	$X.XB	$900M	X.Xx	X.Xx
SAB Bio	$187M	$X.XB	—	X.Xx	X.Xx
Molecular Partners	$185M	$X.XB	$2M	X.Xx	X.Xx
Tiziana Life Sciences	$184M	$X.XB	—	X.Xx	X.Xx
ProQR Therapeutics	$180M	$X.XB	$21M	X.Xx	X.Xx
Scancell	$180M	$X.XB	$2M	X.Xx	X.Xx
Cartesian Therapeutics	$179M	$X.XB	$2M	X.Xx	X.Xx
Tonix Pharmaceuticals	$179M	$X.XB	$25M	X.Xx	X.Xx
BioVersys	$178M	$X.XB	$4M	X.Xx	X.Xx
Sagimet Biosciences	$178M	$X.XB	—	X.Xx	X.Xx
EQL Pharma	$178M	$X.XB	$46M	X.Xx	X.Xx
Karyopharm Therapeutics	$176M	$X.XB	$144M	X.Xx	X.Xx
PhotoCure	$176M	$X.XB	$58M	X.Xx	X.Xx
Nkarta	$175M	$X.XB	—	X.Xx	X.Xx
CHO Pharma	$175M	$X.XB	—	X.Xx	X.Xx
Savior Lifetec	$174M	$X.XB	—	X.Xx	X.Xx
Fate Therapeutics	$169M	$X.XB	$6M	X.Xx	X.Xx
Biomm	$168M	$X.XB	—	X.Xx	X.Xx
Artiva Biotherapeutics	$167M	$X.XB	—	X.Xx	X.Xx
Panion & Bf Biotech	$165M	$X.XB	—	X.Xx	X.Xx
Karolinska Development	$163M	$X.XB	—	X.Xx	X.Xx
Immunic	$163M	$X.XB	—	X.Xx	X.Xx
Ryvu Therapeutics	$162M	$X.XB	$30M	X.Xx	X.Xx
Caribou Biosciences	$160M	$X.XB	$14M	X.Xx	X.Xx
Innate Pharma	$158M	$X.XB	$17M	X.Xx	X.Xx
Heidelberg Pharma	$156M	$X.XB	—	X.Xx	X.Xx
Zentalis Pharma	$155M	$X.XB	—	X.Xx	X.Xx
Maat Pharma	$155M	$X.XB	$8M	X.Xx	X.Xx
BioInvent International	$154M	$X.XB	$26M	X.Xx	X.Xx
Whitehawk Therapeutics	$154M	$X.XB	$5M	X.Xx	X.Xx
Kotra Industries	$153M	$X.XB	$55M	X.Xx	X.Xx
Tetratherix	$152M	$X.XB	$2M	X.Xx	X.Xx
Unicycive	$152M	$X.XB	$17M	X.Xx	X.Xx
Orthocell	$151M	$X.XB	$8M	X.Xx	X.Xx
Adocia	$150M	$X.XB	$15M	X.Xx	X.Xx
Polaryx Therapeutics	$147M	$X.XB	—	X.Xx	X.Xx
Corbus Pharmaceuticals	$147M	$X.XB	$447K	X.Xx	X.Xx
Sangamo Therapeutics	$146M	$X.XB	$47M	X.Xx	X.Xx
Vaxcell-Bio	$146M	$X.XB	—	X.Xx	X.Xx
NeOnc	$146M	$X.XB	—	X.Xx	X.Xx
Prestige Biologics	$146M	$X.XB	—	X.Xx	X.Xx
Mersana Therapeutics	$145M	$X.XB	—	X.Xx	X.Xx
Genetic Technologies	$145M	$X.XB	—	X.Xx	X.Xx
Starpharma	$145M	$X.XB	$9M	X.Xx	X.Xx
Kalaris Therapeutics	$144M	$X.XB	—	X.Xx	X.Xx
vTv Therapeutics	$143M	$X.XB	$4M	X.Xx	X.Xx
Adagene	$140M	$X.XB	$6M	X.Xx	X.Xx
Spero Therapeutics	$139M	$X.XB	$67M	X.Xx	X.Xx
Connect Biopharma	$138M	$X.XB	$2M	X.Xx	X.Xx
Shield Therapeutics	$138M	$X.XB	$57M	X.Xx	X.Xx
Abionyx Pharma	$137M	$X.XB	$5M	X.Xx	X.Xx
Milestone Pharmaceuticals	$136M	$X.XB	$16M	X.Xx	X.Xx
Cardiff Oncology	$135M	$X.XB	$524K	X.Xx	X.Xx
Dimerix	$133M	$X.XB	$11M	X.Xx	X.Xx
Oramed Pharmaceuticals	$132M	$X.XB	$2M	X.Xx	X.Xx
Rani Therapeutics	$132M	$X.XB	$3M	X.Xx	X.Xx
Mayne Pharma Group	$131M	$X.XB	$267M	X.Xx	X.Xx
Medivir	$129M	$X.XB	$869K	X.Xx	X.Xx
Hamlet BioPharma	$129M	$X.XB	—	X.Xx	X.Xx
Zomedica	$129M	$X.XB	$32M	X.Xx	X.Xx
Easywell Biomedicals	$128M	$X.XB	—	X.Xx	X.Xx
Alpha Cognition	$126M	$X.XB	$14M	X.Xx	X.Xx
PepGen	$126M	$X.XB	—	X.Xx	X.Xx
Captor Therapeutics	$123M	$X.XB	$6M	X.Xx	X.Xx
Macrogenics	$123M	$X.XB	$136M	X.Xx	X.Xx
Satellos Bioscience	$122M	$X.XB	—	X.Xx	X.Xx
Tenaya Therapeutics	$122M	$X.XB	$2M	X.Xx	X.Xx
AN2 Therapeutics	$121M	$X.XB	—	X.Xx	X.Xx
Curatis Holding	$121M	$X.XB	—	X.Xx	X.Xx
Genelux	$120M	$X.XB	$6K	X.Xx	X.Xx
Naturland Holding	$119M	$X.XB	—	X.Xx	X.Xx
Cantargia	$118M	$X.XB	$26M	X.Xx	X.Xx
Bioceltix	$118M	$X.XB	—	X.Xx	X.Xx
Equillium	$118M	$X.XB	—	X.Xx	X.Xx
StemRIM	$117M	$X.XB	—	X.Xx	X.Xx
Black Diamond Therapeutics	$117M	$X.XB	$53M	X.Xx	X.Xx
Agenus	$116M	$X.XB	$146M	X.Xx	X.Xx
Oncolytics Biotech	$115M	$X.XB	—	X.Xx	X.Xx
Precision BioSciences	$115M	$X.XB	$29M	X.Xx	X.Xx
Aardvark Therapeutics	$113M	$X.XB	—	X.Xx	X.Xx
XSpray Pharma	$113M	$X.XB	$3M	X.Xx	X.Xx
OSE Immunotherapeutics	$110M	$X.XB	$18M	X.Xx	X.Xx
Cardiol Therapeutics	$109M	$X.XB	—	X.Xx	X.Xx
Darya-Varia Laboratoria	$109M	$X.XB	—	X.Xx	X.Xx
Cassava Sciences	$107M	$X.XB	—	X.Xx	X.Xx
SynAct Pharma	$107M	$X.XB	—	X.Xx	X.Xx
Nyrada	$106M	$X.XB	—	X.Xx	X.Xx
Verrica Pharmaceuticals	$103M	$X.XB	$33M	X.Xx	X.Xx
Vistin Pharma	$101M	$X.XB	—	X.Xx	X.Xx
Vytrus Biotech	$101M	$X.XB	$11M	X.Xx	X.Xx
Bioxyne	$100M	$X.XB	—	X.Xx	X.Xx
Nykode Therapeutics	$100M	$X.XB	—	X.Xx	X.Xx
Fortress Biotech	$100M	$X.XB	$72M	X.Xx	X.Xx
Bioton	$100M	$X.XB	—	X.Xx	X.Xx
AB Science	$99M	$X.XB	$1M	X.Xx	X.Xx
Gossamer Bio	$99M	$X.XB	$40M	X.Xx	X.Xx
Laboratorios Richmond	$99M	$X.XB	—	X.Xx	X.Xx
Coya Therapeutics	$99M	$X.XB	$6M	X.Xx	X.Xx
Citius Oncology	$99M	$X.XB	$20M	X.Xx	X.Xx
Gain Therapeutics	$99M	$X.XB	—	X.Xx	X.Xx
Anixa Biosciences	$99M	$X.XB	—	X.Xx	X.Xx
Orexo	$99M	$X.XB	$3M	X.Xx	X.Xx
Biomea Fusion	$97M	$X.XB	—	X.Xx	X.Xx
Dogwood Therapeutics	$95M	$X.XB	—	X.Xx	X.Xx
aTyr Pharma	$95M	$X.XB	$139K	X.Xx	X.Xx
BioStem Technologies	$95M	$X.XB	$47M	X.Xx	X.Xx
Recce Pharmaceuticals	$93M	$X.XB	$3M	X.Xx	X.Xx
Eurofins-Cerep	$93M	$X.XB	—	X.Xx	X.Xx
Inovio Pharmaceuticals	$92M	$X.XB	$3M	X.Xx	X.Xx
Actinogen Medical	$92M	$X.XB	$3M	X.Xx	X.Xx
Pyxis Oncology	$92M	$X.XB	$10M	X.Xx	X.Xx
Cognition Therapeutics	$92M	$X.XB	—	X.Xx	X.Xx
OKYO Pharma	$91M	$X.XB	—	X.Xx	X.Xx
Eco Animal Health Group	$91M	$X.XB	$114M	X.Xx	X.Xx
Cinclus Pharma Holding	$86M	$X.XB	$5M	X.Xx	X.Xx
Valerio Therapeutics	$86M	$X.XB	—	X.Xx	X.Xx
Amplia Therapeutics	$85M	$X.XB	—	X.Xx	X.Xx
Seres Therapeutics	$83M	$X.XB	$577K	X.Xx	X.Xx
Faron Pharmaceuticals	$82M	$X.XB	$1K	X.Xx	X.Xx
PolyPid	$81M	$X.XB	—	X.Xx	X.Xx
Paradigm Biopharma	$80M	$X.XB	$1M	X.Xx	X.Xx
TuHURA Biosciences	$80M	$X.XB	—	X.Xx	X.Xx
Replek	$79M	$X.XB	—	X.Xx	X.Xx
Pliant Therapeutics	$79M	$X.XB	—	X.Xx	X.Xx
Assertio Therapeutics	$77M	$X.XB	$117M	X.Xx	X.Xx
Synthaverse	$75M	$X.XB	$12M	X.Xx	X.Xx
NRX Pharmaceuticals	$74M	$X.XB	$30M	X.Xx	X.Xx
Lytix Biopharma	$74M	$X.XB	$554K	X.Xx	X.Xx
IBT	$73M	$X.XB	—	X.Xx	X.Xx
Fractyl Health	$72M	$X.XB	—	X.Xx	X.Xx
XBiotech	$71M	$X.XB	—	X.Xx	X.Xx
MediciNova	$71M	$X.XB	$344K	X.Xx	X.Xx
Annovis Bio	$71M	$X.XB	—	X.Xx	X.Xx
BeyondSpring	$70M	$X.XB	—	X.Xx	X.Xx
Adicet Bio	$70M	$X.XB	—	X.Xx	X.Xx
Corestemchemon	$70M	$X.XB	—	X.Xx	X.Xx
PMV Pharma	$69M	$X.XB	—	X.Xx	X.Xx
Actuate Therapeutics	$67M	$X.XB	—	X.Xx	X.Xx
InflaRx	$66M	$X.XB	$17K	X.Xx	X.Xx
Nanexa	$66M	$X.XB	—	X.Xx	X.Xx
Herantis Pharma	$64M	$X.XB	$12K	X.Xx	X.Xx
Oncocross	$64M	$X.XB	—	X.Xx	X.Xx
Q32 Bio	$64M	$X.XB	$39M	X.Xx	X.Xx
Grace Therapeutics	$63M	$X.XB	$187K	X.Xx	X.Xx
Mereo BioPharma Group	$63M	$X.XB	$5M	X.Xx	X.Xx
Dicot Pharma	$63M	$X.XB	—	X.Xx	X.Xx
Türk İlaç	$63M	$X.XB	—	X.Xx	X.Xx
Botanix Pharmaceuticals	$61M	$X.XB	$22M	X.Xx	X.Xx
TScan Therapeutics	$61M	$X.XB	$10M	X.Xx	X.Xx
Instil Bio	$61M	$X.XB	—	X.Xx	X.Xx
Circio Holding	$60M	$X.XB	—	X.Xx	X.Xx
Entera Bio	$59M	$X.XB	$42K	X.Xx	X.Xx
ImmuCell	$58M	$X.XB	—	X.Xx	X.Xx
Estrella Immunopharma	$58M	$X.XB	—	X.Xx	X.Xx
Arovella Therapeutics	$58M	$X.XB	$88K	X.Xx	X.Xx
Scilex Holding	$57M	$X.XB	$45M	X.Xx	X.Xx
Procaps Group	$56M	$X.XB	—	X.Xx	X.Xx
Rallybio	$55M	$X.XB	$512K	X.Xx	X.Xx
Kezar Life Sciences	$55M	$X.XB	—	X.Xx	X.Xx
Pentixapharm Holding	$54M	$X.XB	—	X.Xx	X.Xx
Mira Pharmaceuticals	$54M	$X.XB	—	X.Xx	X.Xx
THX Pharma	$54M	$X.XB	—	X.Xx	X.Xx
Cantourage Group	$53M	$X.XB	$112M	X.Xx	X.Xx
ProMIS Neurosciences	$52M	$X.XB	—	X.Xx	X.Xx
MiNK Therapeutics	$51M	$X.XB	—	X.Xx	X.Xx
LTR Pharma	$51M	$X.XB	—	X.Xx	X.Xx
Moberg Pharma	$51M	$X.XB	$2M	X.Xx	X.Xx
Cessatech	$50M	$X.XB	—	X.Xx	X.Xx
J. Molner	$49M	$X.XB	—	X.Xx	X.Xx
Medicenna Therapeutics	$49M	$X.XB	$14K	X.Xx	X.Xx
Nicox	$49M	$X.XB	$20M	X.Xx	X.Xx
Vicapsys	$49M	$X.XB	—	X.Xx	X.Xx
Cynata Therapeutics	$48M	$X.XB	$9M	X.Xx	X.Xx
Acrivon Therapeutics	$48M	$X.XB	$403K	X.Xx	X.Xx
Vivoryon Therapeutics	$48M	$X.XB	—	X.Xx	X.Xx
Incannex	$48M	$X.XB	$86K	X.Xx	X.Xx
Oncopeptides	$47M	$X.XB	$10M	X.Xx	X.Xx
Lipocine	$45M	$X.XB	$2M	X.Xx	X.Xx
NextCure	$45M	$X.XB	—	X.Xx	X.Xx
Immutep	$45M	$X.XB	$15M	X.Xx	X.Xx
SyntekaBio	$45M	$X.XB	$3M	X.Xx	X.Xx
Telomir Pharmaceuticals	$44M	$X.XB	—	X.Xx	X.Xx
Aligos Therapeutics	$43M	$X.XB	$2M	X.Xx	X.Xx
Corline Biomedical	$43M	$X.XB	$2M	X.Xx	X.Xx
OnKure Therapeutics	$43M	$X.XB	$179K	X.Xx	X.Xx
Atossa Therapeutics	$42M	$X.XB	—	X.Xx	X.Xx
Molecure	$42M	$X.XB	$3M	X.Xx	X.Xx
Intercure	$41M	$X.XB	—	X.Xx	X.Xx
Veru	$41M	$X.XB	—	X.Xx	X.Xx
Xilio Therapeutics	$40M	$X.XB	$39M	X.Xx	X.Xx
Atara Biotherapeutics	$40M	$X.XB	$93M	X.Xx	X.Xx
Neurizon Therapeutics	$40M	$X.XB	—	X.Xx	X.Xx
Ascelia Pharma	$40M	$X.XB	$2M	X.Xx	X.Xx
Jasper Therapeutics	$39M	$X.XB	—	X.Xx	X.Xx
Lisata Therapeutics	$38M	$X.XB	—	X.Xx	X.Xx
Zhengye Biotechnology	$38M	$X.XB	—	X.Xx	X.Xx
Prescient Therapeutics	$38M	$X.XB	—	X.Xx	X.Xx
Labiana Health	$38M	$X.XB	$89M	X.Xx	X.Xx
Tvardi Therapeutics	$38M	$X.XB	—	X.Xx	X.Xx
PDS Biotechnology	$38M	$X.XB	—	X.Xx	X.Xx
Marinomed Biotech	$37M	$X.XB	$9M	X.Xx	X.Xx
FibroGen	$36M	$X.XB	$6M	X.Xx	X.Xx
Outlook Therapeutics	$36M	$X.XB	$12M	X.Xx	X.Xx
Imugene	$36M	$X.XB	$3M	X.Xx	X.Xx
Generation Bio	$36M	$X.XB	—	X.Xx	X.Xx
Mabion	$36M	$X.XB	—	X.Xx	X.Xx
Jiangsu Wuzhong Pharmaceutical	$35M	$X.XB	—	X.Xx	X.Xx
Advicenne	$35M	$X.XB	$8M	X.Xx	X.Xx
INmune Bio	$35M	$X.XB	$37K	X.Xx	X.Xx
Celularity	$35M	$X.XB	—	X.Xx	X.Xx
Radiopharm Theranostics	$34M	$X.XB	$1M	X.Xx	X.Xx
Pluri	$33M	$X.XB	—	X.Xx	X.Xx
SCYNEXIS	$32M	$X.XB	$15M	X.Xx	X.Xx
Lipum	$32M	$X.XB	—	X.Xx	X.Xx
Poltreg	$32M	$X.XB	$1M	X.Xx	X.Xx
Elicera Therapeutics	$32M	$X.XB	—	X.Xx	X.Xx
Rein Therapeutics	$31M	$X.XB	—	X.Xx	X.Xx
Tempest Therapeutics	$31M	$X.XB	—	X.Xx	X.Xx
BioXcel Therapeutics	$31M	$X.XB	$874K	X.Xx	X.Xx
Werewolf Therapeutics	$29M	$X.XB	—	X.Xx	X.Xx
RenovoRx	$29M	$X.XB	$2M	X.Xx	X.Xx
Passage Bio	$29M	$X.XB	—	X.Xx	X.Xx
NeuroSense Therapeutics	$28M	$X.XB	$192K	X.Xx	X.Xx
Reviva Pharmaceuticals	$28M	$X.XB	—	X.Xx	X.Xx
Mendus	$28M	$X.XB	$395K	X.Xx	X.Xx
FibroBiologics	$28M	$X.XB	—	X.Xx	X.Xx
Evaxion	$27M	$X.XB	$7M	X.Xx	X.Xx
Cue Biopharma	$26M	$X.XB	$20M	X.Xx	X.Xx
Boundless Bio	$26M	$X.XB	—	X.Xx	X.Xx
Barinthus Biotherapeutics	$25M	$X.XB	—	X.Xx	X.Xx
Vistagen Therapeutics	$24M	$X.XB	$1M	X.Xx	X.Xx
Skye Bioscience	$24M	$X.XB	—	X.Xx	X.Xx
Marker Therapeutics	$23M	$X.XB	$3M	X.Xx	X.Xx
Dare Bioscience	$23M	$X.XB	$754K	X.Xx	X.Xx
Genenta Science	$23M	$X.XB	—	X.Xx	X.Xx
AlzeCure Pharma	$23M	$X.XB	—	X.Xx	X.Xx
Initiator Pharma	$23M	$X.XB	—	X.Xx	X.Xx
Intervacc	$22M	$X.XB	$3M	X.Xx	X.Xx
Nanogroup	$22M	$X.XB	—	X.Xx	X.Xx
DexTech Medical	$22M	$X.XB	—	X.Xx	X.Xx
Aelis Farma	$22M	$X.XB	$2M	X.Xx	X.Xx
Gensight Biologics	$22M	$X.XB	$2M	X.Xx	X.Xx
Arterra Bioscience	$22M	$X.XB	—	X.Xx	X.Xx
Isofol Medical	$21M	$X.XB	—	X.Xx	X.Xx
Sprint Bioscience	$21M	$X.XB	$16M	X.Xx	X.Xx
Tevogen Bio	$21M	$X.XB	—	X.Xx	X.Xx
VYNE Therapeutics	$20M	$X.XB	—	X.Xx	X.Xx
Intensity Therapeutics	$20M	$X.XB	—	X.Xx	X.Xx
Klaria Pharma Holding	$19M	$X.XB	—	X.Xx	X.Xx
Oncoinvent	$19M	$X.XB	$3M	X.Xx	X.Xx
Wellgistics Health	$19M	$X.XB	—	X.Xx	X.Xx
Celyad Oncology	$19M	$X.XB	—	X.Xx	X.Xx
Xintela	$19M	$X.XB	$521K	X.Xx	X.Xx
Biofrontera	$19M	$X.XB	—	X.Xx	X.Xx
Anebulo Pharmaceuticals	$19M	$X.XB	—	X.Xx	X.Xx
BioAtla	$18M	$X.XB	—	X.Xx	X.Xx
Lantern Pharma	$18M	$X.XB	—	X.Xx	X.Xx
Citius Pharmaceuticals	$18M	$X.XB	$43M	X.Xx	X.Xx
Biotechnology Assets	$18M	$X.XB	—	X.Xx	X.Xx
Pharma Equity Group	$18M	$X.XB	—	X.Xx	X.Xx
CASI Pharmaceuticals	$17M	$X.XB	$10M	X.Xx	X.Xx
Lexaria Bioscience	$17M	$X.XB	$278K	X.Xx	X.Xx
Magle Chemoswed Holding	$17M	$X.XB	—	X.Xx	X.Xx
AcuCort	$17M	$X.XB	$206K	X.Xx	X.Xx
NFL Biosciences	$17M	$X.XB	—	X.Xx	X.Xx
Poxel	$16M	$X.XB	—	X.Xx	X.Xx
NextCell Pharma	$16M	$X.XB	$2M	X.Xx	X.Xx
Jupiter Neurosciences	$16M	$X.XB	—	X.Xx	X.Xx
Curis	$15M	$X.XB	$9M	X.Xx	X.Xx
SoftOx Solutions	$15M	$X.XB	—	X.Xx	X.Xx
Active Biotech	$15M	$X.XB	$606K	X.Xx	X.Xx
Quantum BioPharma	$14M	$X.XB	—	X.Xx	X.Xx
IRLAB Therapeutics	$14M	$X.XB	$8M	X.Xx	X.Xx
Argenica Therapeutics	$14M	$X.XB	$15M	X.Xx	X.Xx
Xbrane Biopharma	$14M	$X.XB	$17M	X.Xx	X.Xx
Abera Bioscience	$13M	$X.XB	—	X.Xx	X.Xx
Biogened	$13M	$X.XB	—	X.Xx	X.Xx
Medicon Hellas	$13M	$X.XB	—	X.Xx	X.Xx
Chemomab Therapeutics	$12M	$X.XB	—	X.Xx	X.Xx
Longeveron	$12M	$X.XB	$1M	X.Xx	X.Xx
Cellectar Biosciences	$12M	$X.XB	—	X.Xx	X.Xx
Annexin Pharmaceuticals	$12M	$X.XB	$2M	X.Xx	X.Xx
Exact Therapeutics	$11M	$X.XB	—	X.Xx	X.Xx
Alligator Bioscience	$11M	$X.XB	—	X.Xx	X.Xx
BioLineRx	$11M	$X.XB	$1M	X.Xx	X.Xx
Akari Therapeutics	$11M	$X.XB	—	X.Xx	X.Xx
Oncodesign Precision Medicine	$11M	$X.XB	—	X.Xx	X.Xx
CalciMedica	$10M	$X.XB	—	X.Xx	X.Xx
Coegin Pharm	$10M	$X.XB	—	X.Xx	X.Xx
Futura Medical	$10M	$X.XB	$2M	X.Xx	X.Xx
Biosergen	$10M	$X.XB	—	X.Xx	X.Xx
OncoZenge	$9M	$X.XB	—	X.Xx	X.Xx
Iterum Therapeutics	$9M	$X.XB	$3M	X.Xx	X.Xx
Stenocare	$9M	$X.XB	—	X.Xx	X.Xx
Bolt Biotherapeutics	$9M	$X.XB	$6M	X.Xx	X.Xx
Addex Therapeutics	$9M	$X.XB	—	X.Xx	X.Xx
Medicofarma Biotech	$9M	$X.XB	—	X.Xx	X.Xx
Opsy Holding	$9M	$X.XB	—	X.Xx	X.Xx
Spago Nanomedical	$8M	$X.XB	—	X.Xx	X.Xx
Gelteq	$8M	$X.XB	—	X.Xx	X.Xx
Liminatus Pharma	$8M	$X.XB	—	X.Xx	X.Xx
ODI Pharma	$8M	$X.XB	—	X.Xx	X.Xx
Pure Biologics	$8M	$X.XB	—	X.Xx	X.Xx
TME Pharma	$7M	$X.XB	—	X.Xx	X.Xx
Chosa Oncology	$7M	$X.XB	—	X.Xx	X.Xx
Alzinova	$7M	$X.XB	—	X.Xx	X.Xx
Quince Therapeutics	$7M	$X.XB	—	X.Xx	X.Xx
Instituto Rosenbusch	$6M	$X.XB	—	X.Xx	X.Xx
Pila Pharma	$6M	$X.XB	—	X.Xx	X.Xx
Aton	$6M	$X.XB	—	X.Xx	X.Xx
Biomind Labs	$6M	$X.XB	—	X.Xx	X.Xx
ExpreS2ion Biotech	$6M	$X.XB	—	X.Xx	X.Xx
Vivesto	$5M	$X.XB	—	X.Xx	X.Xx
Genxone	$5M	$X.XB	—	X.Xx	X.Xx
MetaVia	$5M	$X.XB	—	X.Xx	X.Xx
RA Williams Distributors	$5M	$X.XB	—	X.Xx	X.Xx
Institute of Biomedical	$5M	$X.XB	—	X.Xx	X.Xx
JFL Life Sciences	$4M	$X.XB	—	X.Xx	X.Xx
Acurx Pharmaceuticals	$4M	$X.XB	—	X.Xx	X.Xx
Geovax Labs	$4M	$X.XB	$2M	X.Xx	X.Xx
Modus Therapeutics	$4M	$X.XB	—	X.Xx	X.Xx
Newbury Pharmaceuticals	$4M	$X.XB	—	X.Xx	X.Xx
Strategic Partners	$4M	$X.XB	—	X.Xx	X.Xx
Guard Therapeutics	$4M	$X.XB	—	X.Xx	X.Xx
Cannabis Poland	$3M	$X.XB	—	X.Xx	X.Xx
Double Bond	$3M	$X.XB	—	X.Xx	X.Xx
Biophytis	$2M	$X.XB	$2M	X.Xx	X.Xx
IO Biotech	$2M	$X.XB	—	X.Xx	X.Xx
Redwood Scientific Technologies	$2M	$X.XB	—	X.Xx	X.Xx
Aptahem	$2M	$X.XB	—	X.Xx	X.Xx
Nextgen Biomed	$2M	$X.XB	—	X.Xx	X.Xx
Biosenic	$2M	$X.XB	—	X.Xx	X.Xx
HCW Biologics	$2M	$X.XB	$11K	X.Xx	X.Xx
China SXT Pharmaceuticals	$2M	$X.XB	—	X.Xx	X.Xx
Reboost Blockchain	$1M	$X.XB	—	X.Xx	X.Xx
PharmaLundensis	$1M	$X.XB	—	X.Xx	X.Xx
Cannovum Cannabis	$1M	$X.XB	—	X.Xx	X.Xx
Stayble Therapeutics	$1M	$X.XB	—	X.Xx	X.Xx
Respiratorius	$1M	$X.XB	—	X.Xx	X.Xx
GeNeuro	$1M	$X.XB	—	X.Xx	X.Xx
Nidhogg Resources Holding	$1M	$X.XB	—	X.Xx	X.Xx
Gabather	$900K	$X.XB	—	X.Xx	X.Xx
PCI Biotech Holding	$577K	$X.XB	—	X.Xx	X.Xx
Altamira Therapeutics	$572K	$X.XB	—	X.Xx	X.Xx
Oxurion	$453K	$X.XB	—	X.Xx	X.Xx
bioXXmed	$374K	$X.XB	—	X.Xx	X.Xx
Lidds	$371K	$X.XB	—	X.Xx	X.Xx
Lipigon Pharmaceuticals	$321K	$X.XB	—	X.Xx	X.Xx
DanCann Pharma	$90K	$X.XB	—	X.Xx	X.Xx
Itoco	$41K	$X.XB	—	X.Xx	X.Xx
Neovacs	$1K	$X.XB	—	X.Xx	X.Xx
Mural Oncology	—	$X.XB	—	X.Xx	X.Xx
Adverum Biotechnologies	—	$X.XB	$1M	X.Xx	X.Xx
QUIA PHARMA	—	$X.XB	—	X.Xx	X.Xx
Akero Therapeutics	—	$X.XB	—	X.Xx	X.Xx
Clearside Biomedical	—	$X.XB	—	X.Xx	X.Xx
Relief Therapeutics	—	$X.XB	—	X.Xx	X.Xx
GridAI Technologies	—	$X.XB	—	X.Xx	X.Xx