Public Comps and Valuation Multiples for Biopharmaceuticals

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

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Biopharmaceuticals

Viewing 25 of 1131 companies with full data

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
Eli Lilly	$1.1T	$1.1T	$76B	15.1x	31.4x
Johnson & Johnson	$643B	$676B	$98B	6.9x	18.4x
AbbVie	$450B	$513B	$64B	8.0x	18.1x
Roche	$334B	$356B	$79B	4.5x	11.4x
Merck	$318B	$362B	$66B	5.5x	14.1x
Novartis	$301B	$341B	$56B	6.1x	14.8x
AstraZeneca	$293B	$320B	-	-	-
Novo Nordisk	$220B	$239B	$46B	5.1x	10.7x
Amgen	$199B	$244B	$37B	6.5x	14.1x
Gilead Sciences	$169B	$184B	$30B	6.1x	20.1x
Pfizer	$137B	$188B	$62B	3.0x	8.0x
Vertex Pharmaceuticals	$133B	$127B	$13B	10.2x	23.1x
Bristol-Myers Squibb	$118B	$154B	$48B	3.2x	8.8x
GSK	$106B	$127B	$45B	2.8x	8.3x
Sanofi	$102B	$118B	$55B	2.1x	7.2x
Chugai Pharma	$77B	$72B	$8.4B	8.6x	16.7x
Regeneron	$71B	$65B	$15B	4.3x	12.1x
Merck KGaA	$71B	$80B	$24B	3.3x	11.6x
argenx	$58B	$53B	$5.1B	10.3x	34.3x
Bayer	$58B	$90B	$53B	1.7x	8.1x
UCB	$55B	$55B	$9.5B	5.8x	17.2x
Jiangsu Hengrui Pharma	$54B	$48B	$5B	9.7x	33.0x
Takeda Pharmaceuticals	$53B	$79B	$29B	2.8x	10.1x
Lonza Group	$50B	$55B	$8.7B	6.3x	19.7x
Sun Pharma	$48B	$45B	$6.3B	7.1x	24.6x
Alnylam Pharmaceuticals	$43B		$4.7B
CSL	$41B		$15B
Teva Pharmaceuticals	$41B		$17B
Revolution Medicines	$40B		$54M
Sandoz	$38B		$12B
Otsuka Holdings	$37B		$16B
BeOne Medicines	$33B		$5.9B
Zoetis	$32B		$9.6B
Moderna	$32B		$2B
Daiichi Sankyo	$31B		$14B
Biogen	$30B		$9.9B
Celltrion	$27B		$3.2B
Roivant Sciences	$26B		$28M
Royalty Pharma	$26B		$3.4B
Hansoh Pharma	$25B		$2.3B
Insmed	$24B		$1.2B
Astellas Pharma	$24B		$14B
United Therapeutics	$24B		$3.2B
BioNTech	$24B		$2.9B
Incyte	$24B		$5.4B
Viatris	$20B		$15B
Innovent Biologics	$19B		$2.2B
Sichuan Biokin	$19B		$355M
Neurocrine Biosciences	$18B		$3.3B
Genmab	$18B		$4B
Ascendis Pharma	$18B		$1.2B
PharmaEssentia	$17B		$667M
Sobi	$17B		$3.2B
Torrent Pharmaceuticals	$17B		$1.6B
Ipsen	$16B		$4.6B
Jazz Pharmaceuticals	$16B		$4.4B
Kelun-Biotech	$15B		$354M
Shionogi	$15B		$3.5B
BridgeBio Pharma	$15B		$743M
Exelixis	$14B		$2.5B
Ionis Pharmaceuticals	$14B		$918M
Axsome Therapeutics	$13B		$816M
Abivax	$13B		$5M
Yunnan Baiyao Group	$13B		$6.1B
Madrigal Pharmaceuticals	$13B		$1.2B
Summit Therapeutics	$12B		$2M
Elanco	$12B		$4.9B
Cipla	$12B		$3B
Arrowhead Pharmaceuticals	$12B		$533M
Zydus Lifesciences	$12B		$2.9B
Recordati	$12B		$3.1B
Lupin	$12B		$3B
Alteogen	$12B		$229M
Baxter International	$12B		$11B
Dr Reddy's Laboratories	$12B		$3.6B
BioMarin Pharmaceutical	$12B		$3.6B
Cytokinetics	$12B		$100M
Orion	$12B		$2.3B
Akeso	$11B		$595M
CSPC Pharma Group	$11B		$4.2B
Haisco Pharmaceutical	$11B		$770M
Financiere de Tubize	$11B		-
Mankind Pharma	$11B		$1.5B
Sino Biopharmaceutical	$11B		$5B
Krystal Biotech	$11B		$456M
Kelun	$10B		$2.8B
Corcept Therapeutics	$10B		$873M
Apogee Therapeutics	$10B		-
Zhangzhou Pientzehuang	$9.8B		$1.3B
Kymera Therapeutics	$9.8B		$63M
Nuvalent	$9.8B		$6M
Wuxi XDC	$9.7B		$1B
Halozyme Therapeutics	$9.7B		$1.6B
Aurobindo Pharma	$9.5B		$3.7B
Alkermes	$9.2B		$1.6B
ImmunityBio	$9.2B		$170M
Krka	$9.2B		$2.4B
Protagonist Therapeutics	$9.1B		$284M
Praxis Precision Medicines	$9B		$2M
RemeGen	$9B		$763M
TG Therapeutics	$8.9B		$784M
Crinetics Pharmaceuticals	$8.8B		$39M
Kyowa Kirin	$8.8B		$3.2B
Vaxcyte	$8.8B		-
Fosun Pharma	$8.4B		$6.2B
Laurus Labs	$8.3B		$748M
Immunovant	$8.2B		-
Spyre Therapeutics	$8.2B		-
ALK	$8.2B		$1.1B
Shanghai Allist	$8.1B		$878M
Rhythm Pharmaceuticals	$7.8B		$248M
Mirum Pharmaceuticals	$7.8B		$601M
Huadong Medicine	$7.5B		$6.6B
Eisai Co.	$7.5B		$5.3B
PTC Therapeutics	$7.4B		$1.4B
Merus	$7.4B		-
NewMarket	$7.3B		$2.7B
Gedeon Richter	$7.3B		$3B
Liquidia	$7.2B		$452M
Ono Pharmaceutical	$7.1B		$3.2B
Alkem Laboratories	$7.1B		$1.6B
Bachem	$7.1B		$1B
Biocon	$6.9B		$1.9B
Cogent Biosciences	$6.8B		$6M
Scholar Rock	$6.8B		$3M
Arcellx	$6.7B		$36M
Glenmark Pharma	$6.7B		$1.8B
Samsung Bioepis	$6.6B		$1.2B
Ligand Pharmaceuticals	$6.4B		$280M
Salubris Pharmaceuticals	$6.4B		$710M
Lundbeck	$6.3B		$3.9B
Belite Bio	$6.3B		-
Centessa Pharmaceuticals	$6.3B		$7M
Grifols	$6.2B		$8.8B
Xenon Pharmaceuticals	$6.1B		$5M
Terns Pharma	$6.1B		-
CG Oncology	$6.1B		$8M
CRISPR Therapeutics	$6B		$21M
Abbott India	$5.9B		$743M
Definium Therapeutics	$5.9B		-
3SBio	$5.8B		$2B
China Resources Sanjiu	$5.8B		$4.8B
Gan and Lee	$5.8B		$645M
Erasca	$5.7B		-
Celcuity	$5.6B		$22M
Sumitomo Chemical	$5.5B		$15B
Amneal Pharmaceuticals	$5.5B		$3.1B
Travere Therapeutics	$5.4B		$598M
Legend Biotech	$5.3B		$1.2B
Caliway Biopharmaceuticals	$5.3B		-
Apellis Pharmaceuticals	$5.3B		-
Dianthus Therapeutics	$5.2B		$2M
Kolon TissueGene	$5.2B		$4M
Wantai BioPharm	$5.2B		-
Kiniksa Pharmaceuticals	$5.2B		$814M
Oruka Therapeutics	$5.1B		-
Zelgen Biopharmaceuticals	$5B		$211M
Caris Life Sciences	$4.9B		$911M
Tango Therapeutics	$4.9B		$30M
Viking Therapeutics	$4.9B		-
Veradermics	$4.9B		-
Indivior Pharmaceuticals	$4.8B		$1.2B
Shanghai Junshi	$4.8B		$428M
Ipca Laboratories	$4.8B		$1B
Henlius Biotech	$4.7B		$1B
Dottikon ES Holding	$4.7B		$560M
Beijing Tongrentang	$4.7B		$2.6B
Edgewise Therapeutics	$4.6B		-
Amicus Therapeutics	$4.5B		$634M
Anthem Biosciences	$4.5B		$235M
ACADIA Pharmaceuticals	$4.5B		$1.2B
Dong-E-E-Jiao	$4.4B		$1B
Santen Pharmaceutical	$4.4B		$1.9B
Gland Pharma	$4.4B		$698M
Hikma Pharmaceuticals	$4.4B		$3.4B
SK Biopharmaceuticals	$4.3B		$555M
Shanghai RAAS	$4.3B		-
Ajanta Pharma	$4.3B		$595M
NewAmsterdam Pharma	$4.3B		$26M
Relay Therapeutics	$4.3B		$14M
Aspen Pharmacare	$4.3B		$2.2B
GSK India	$4.3B		$410M
Sumitomo Pharma	$4.2B		$3B
Denali Therapeutics	$4.2B		$22M
Bayer Perú	$4.2B		-
Humanwell Healthcare	$4.2B		-
Chongqing Zhifei	$4.1B		$1.3B
J.B. Chemicals & Pharma	$4.1B		$458M
Structure Therapeutics	$4B		$20M
Betta Pharmaceuticals	$4B		$583M
Changchun High-Tech	$4B		$1.7B
Dyne Therapeutics	$3.9B		-
Beam Therapeutics	$3.9B		$108M
IDEAYA Biosciences	$3.9B		$124M
Tianjin Pharma	$3.9B		-
Catalyst Pharmaceuticals	$3.9B		$613M
Arcus Biosciences	$3.8B		$161M
Shijiazhuang Yiling	$3.8B		$1.2B
Alumis	$3.7B		$16M
InnoCare Pharma	$3.7B		$340M
Emcure Pharmaceuticals	$3.7B		$1B
Livzon Pharmaceutical Group	$3.6B		$1.8B
Enliven Therapeutics	$3.6B		-
China Medical System	$3.6B		$1.3B
Camurus	$3.6B		$268M
Hanmi Pharm	$3.6B		$1.1B
CR Pharmaceutical	$3.6B		$40B
BB Biotech	$3.6B		-
Zhejiang Huahai	$3.6B		$1.3B
Organon	$3.5B		$6.2B
Ultragenyx	$3.5B		$708M
Arcutis Biotherapeutics	$3.5B		$439M
Beijing Tiantan	$3.4B		$904M
ABL Bio	$3.4B		$59M
Yuhan	$3.4B		$1.5B
Hualan Biological Engineering	$3.4B		$676M
Amoytop Biotech	$3.4B		$611M
Laboratorios Rovi	$3.3B		$881M
LigaChem Biosciences	$3.2B		$118M
Kanghong Pharmaceutical	$3.2B		$697M
Zealand Pharma	$3.2B		$1.1B
Jilin Aodong	$3.2B		-
Wockhardt	$3.2B		-
Hebei Changshan	$3.1B		-
Celldex Therapeutics	$3.1B		$2M
Hubei Jumpcan	$3.1B		$915M
Virbac	$3.1B		$1.7B
Tasly	$3.1B		$1.3B
Vera Therapeutics	$3.1B		$18M
Samchundang Pharm	$3.1B		-
Apeloa Pharmaceutical	$3.1B		$1.5B
Disc Medicine	$3B		-
Tarsus Pharmaceuticals	$3B		$578M
BioArctic	$3B		$169M
Jiangsu Nhwa	$3B		$908M
MBX Biosciences	$3B		-
Walvax Biotechnology	$2.9B		$362M
Regencell Bioscience	$2.9B		-
Almirall	$2.9B		$1.4B
Jamjoom Pharma	$2.9B		$418M
Kailera Therapeutics	$2.9B		-
uniQure	$2.8B		$19M
Hypera	$2.8B		$1.6B
BioCryst Pharma	$2.8B		$769M
Supernus Pharmaceuticals	$2.8B		$796M
Trevi Therapeutics	$2.8B		-
Soleno Therapeutics	$2.8B		$337M
Immunome	$2.8B		$5M
Yili Chuannig Biotech	$2.8B		$694M
Peptron	$2.8B		-
Sunshine Lake Pharma	$2.8B		-
Mineralys Therapeutics	$2.7B		-
Joincare Pharmaceutical	$2.7B		$2.3B
Dermapharm Holding	$2.7B		$1.4B
SELLAS Life Sciences	$2.7B		-
Agios Pharmaceuticals	$2.6B		$88M
Sinocelltech Group	$2.6B		$235M
Kangmei Pharmaceutical Co.	$2.5B		-
China Res Double-Crane	$2.5B		$1.7B
Neuland Laboratories	$2.5B		$219M
Nektar Therapeutics	$2.5B		$48M
Nurix Therapeutics	$2.5B		$95M
Duality Biotherapeutics	$2.5B		$276M
D&D Pharmatech	$2.4B		$8M
Intellia Therapeutics	$2.4B		$63M
Pharvaris	$2.4B		-
Vericel	$2.4B		$305M
Kodiak Sciences	$2.4B		-
Buchang Pharma	$2.4B		-
Biohaven	$2.3B		-
Grand Pharmaceutical	$2.3B		$1.7B
United Laboratories International	$2.3B		$1.9B
Ocular Therapeutix	$2.3B		$52M
Viridian Therapeutics	$2.3B		$48M
Granules India	$2.2B		$590M
Day One Biopharmaceutical	$2.2B		$158M
Harmony Biosciences	$2.2B		$944M
Bavarian Nordic	$2.2B		$906M
BeBetter Med	$2.2B		-
Pfizer India	$2.2B		$270M
AstraZeneca Pharma India	$2.1B		-
ADMA Biologics	$2.1B		$523M
Avadel Pharmaceuticals	$2.1B		$5.3B
Cosmo Pharmaceuticals	$2.1B		$121M
Voronoi	$2.1B		$14M
Palvella Therapeutics	$2.1B		-
Sarepta Therapeutics	$2.1B		$2B
Aurinia Pharmaceuticals	$2.1B		$306M
Eris Lifesciences	$2.1B		$338M
Generate Biomedicines	$2.1B		$31M
Idorsia	$2.1B		$277M
Jinyu Bio-Technology Co.	$2.1B		$236M
HUTCHMED (China)	$2.1B		$584M
Monte Rosa Therapeutics	$2.1B		$83M
Syndax	$2.1B		$261M
Stoke Therapeutics	$2.1B		$103M
Mabwell	$2.1B		$122M
Nanobiotix	$2B		$39M
Caplin Point Laboratories	$2B		$238M
Recursion Pharmaceuticals	$2B		$67M
Sionna Therapeutics	$2B		-
Amylyx Pharmaceuticals	$2B		-
Anhui Anke Biotechnology	$2B		$407M
Bicara Therapeutics	$2B		-
AnaptysBio	$2B		$170M
Brightgene Bio-medical	$2B		$184M
Hanall Biopharma	$2B		$108M
Nuvation Bio	$2B		$135M
SK Bioscience	$2B		$461M
Zymeworks	$2B		$220M
Precigen	$2B		$69M
ANI Pharmaceuticals	$2B		$1B
OneSource Specialty	$2B		$172M
Iovance Biotherapeutics	$1.9B		$315M
Absci	$1.9B		$4M
AtaiBeckley	$1.9B		$3M
Jafron Biomedical	$1.9B		$308M
Rapport Therapeutics	$1.9B		$10M
Tyra Biosciences	$1.9B		-
BioKangtai	$1.9B		$400M
Kalbe Farma	$1.9B		$2.1B
Taysha GTx	$1.9B		$5M
InventisBio	$1.9B		$12M
Damora Therapeutics	$1.8B		-
Natco Pharma	$1.8B		$401M
GH Research	$1.8B		-
UroGen Pharma	$1.8B		$192M
Bausch Health	$1.8B		$10B
Mesoblast	$1.8B		$125M
Hepalink	$1.8B		$816M
Maze Therapeutics	$1.8B		$11M
Galapagos	$1.8B		$646M
Galecto	$1.8B		-
Cohance Lifesciences	$1.8B		$244M
Guobang Pharma	$1.8B		$938M
Zhejiang Wolwo Bio-Pharma	$1.8B		$166M
Yifan Pharmaceutical	$1.8B		$790M
Nanjing King-Friend	$1.8B		$624M
Hugel	$1.8B		$316M
Zenas BioPharma	$1.7B		$20M
Tsumura	$1.7B		$1.3B
Vir Biotechnology	$1.7B		$117M
Harrow	$1.7B		$312M
Nippon Shinyaku	$1.7B		$1.1B
Alembic Pharmaceuticals	$1.7B		$792M
Immunocore Holdings	$1.7B		$425M
Lotus Pharmaceutical	$1.7B		$873M
Bora Pharmaceuticals	$1.7B		$642M
Cheezheng Tibetan Medicine	$1.7B		-
MapLight Therapeutics	$1.7B		-
RAPT Therapeutics	$1.7B		-
Ascentage Pharma Group	$1.7B		$111M
Pharma Mar	$1.6B		$242M
Innoviva	$1.6B		$426M
Faes Farma	$1.6B		$786M
Square Pharma	$1.6B		$691M
Jubilant Pharmova	$1.6B		$899M
Septerna	$1.6B		$62M
MoonLake	$1.6B		-
ArriVent BioPharma	$1.6B		-
Jiangxi Fushine Pharma	$1.6B		$254M
Novavax	$1.6B		$743M
Xeris Biopharma	$1.5B		$341M
Yantai Dongcheng	$1.5B		$417M
Aktis Oncology	$1.5B		$12M
Inhibrx Biosciences	$1.5B		$627K
Ab&B Bio-Tech	$1.5B		-
Hualan Biological Vaccine	$1.5B		$190M
Neuren Pharma	$1.4B		$61M
Cosmo	$1.4B		$121M
KalVista Pharmaceuticals	$1.4B		-
SOTHEMA	$1.4B		$394M
Chengdu Easton	$1.4B		$208M
Uniphar	$1.4B		$3.7B
Zhejiang Jolly	$1.4B		$495M
Immatics	$1.4B		$49M
Concord Biotech	$1.4B		$118M
Jade Biosciences	$1.4B		-
MeiraGTx	$1.4B		$65M
Chongqing Genrix	$1.4B		$61M
Phibro Animal Health	$1.3B		$1.5B
Sinopep	$1.3B		-
Ardelyx	$1.3B		$478M
Corvus Pharma	$1.3B		($104K)
MannKind	$1.3B		$408M
Capricor Therapeutics	$1.3B		$68M
Pacific Shuanglin	$1.3B		-
Savara	$1.3B		$2M
Avalyn Pharma	$1.3B		-
TOWA Pharmaceutical	$1.2B		$1.8B
Sawai Group Holdings	$1.2B		$1.3B
Marksans Pharma	$1.2B		$324M
WAVE Life Sciences	$1.2B		$51M
Everest Medicines	$1.2B		$382M
HBM Holdings	$1.2B		$195M
Celltrion Pharm	$1.2B		-
Liaoning Chengda Biotech	$1.2B		$196M
ACROBiosystems	$1.2B		$141M
Collegium Pharmaceutical	$1.2B		$828M
Alvotech	$1.2B		$628M
EyePoint	$1.2B		$16M
MedinCell	$1.2B		$31M
Xencor	$1.2B		$96M
Mezzion Pharma	$1.1B		-
GNI Group	$1.1B		$181M
Sana Biotechnology	$1.1B		-
OPKO Health	$1.1B		$571M
Guilin Sanjin	$1.1B		-
ORIC Pharmaceuticals	$1.1B		-
Philogen	$1.1B		$212M
Star Lake Bioscience	$1.1B		$2.4B
Cullinan Therapeutics	$1.1B		$9M
Eczacıbaşı İlaç	$1.1B		-
Olema Pharmaceuticals	$1.1B		-
Solid Biosciences	$1.1B		-
Bio-Thera Solutions	$1.1B		-
Vor Biopharma	$1.1B		-
Strides Pharma	$1.1B		$531M
CStone Pharmaceuticals	$1.1B		$50M
Bioage Labs	$1.1B		$32M
Kura Oncology	$1.1B		$82M
Kissei Pharmaceutical	$1.1B		$604M
Annexon	$1.1B		-
Lexicon Pharmaceuticals	$1.1B		$44M
Blue Jet Healthcare	$1.1B		$106M
PYC Therapeutics	$1.1B		$7M
CureVac	$1B		-
Akums Drugs and Pharma	$1B		$473M
Eton Pharmaceuticals	$1B		$95M
Arbutus Biopharma	$1B		$101M
Pacira BioSciences	$1B		$748M
Daewoong Pharmaceutical	$1B		$994M
Avalo Therapeutics	$1B		$28K
Ventyx Biosciences	$1B		-
GuangYuYuan Chinese	$996M		-
Pharming	$994M		$391M
Lepu Biopharma	$989M		$135M
Mega Lifesciences	$989M		$453M
TchaikaPharma	$985M		-
Janux Therapeutics	$985M		$21M
Zhejiang Ausun	$985M		-
LB Pharmaceuticals	$983M		-
SPIMACO - ADDWAEIH	$981M		$455M
Seaport Therapeutics	$976M		-
Replimune Group	$966M		$6M
Vetoquinol	$952M		$603M
Geron	$949M		$210M
DBV Technologies	$940M		$5M
Center Laboratories	$934M		-
Phathom Pharmaceuticals	$920M		$257M
Design Therapeutics	$919M		-
Inventiva	$919M		$5M
Biotest	$910M		-
Youcare Pharmaceutical	$910M		-
Alto Neuroscience	$902M		-
China TCM	$899M		$2.1B
Chengdu Kanghua	$887M		$182M
Amphastar Pharma	$886M		$732M
Theravance	$881M		$109M
Kaken Pharmaceutical	$880M		$489M
Changchun BCHT	$872M		$100M
Keqian Biology	$863M		$147M
SSY Group	$863M		-
Gen İlaç	$860M		-
Immix Biopharma	$854M		-
Zevra Therapeutics	$853M		$127M
Oneness Biotech	$848M		-
CytomX Therapeutics	$837M		$53M
Sanofi India	$835M		$204M
Oscotec	$830M		-
Hisamitsu Pharmaceutical	$828M		$1B
PeptiDream	$827M		$197M
Basilea Pharmaceutica	$824M		$310M
Esperion Therapeutics	$816M		$395M
ARS Pharmaceuticals	$812M		$114M
Nika Pharmaceuticals	$806M		-
Rigel Pharmaceuticals	$787M		$285M
Aclaris Therapeutics	$785M		$7M
Gyre Therapeutics	$780M		$109M
Regenxbio	$776M		$205M
XOMA Royalty	$776M		$57M
Guizhou Sanli	$770M		-
Climb Bio	$768M		-
Genfit	$768M		$96M
HK inno.N	$766M		$730M
Odyssey Therapeutics	$766M		$1M
Omeros	$748M		$35M
Allogene Therapeutics	$742M		$3K
Ironwood Pharmaceuticals	$736M		$382M
CHO Pharma	$734M		-
Neurogene	$728M		-
Aura Biosciences	$726M		-
Candel Therapeutics	$722M		-
Prime Medicine	$719M		$9M
Astria Therapeutics	$714M		-
Supriya Lifescience	$709M		$91M
Cormedix	$696M		$324M
Shattuck Labs	$692M		$482K
First Tracks Biotherapeutics	$691M		$6M
Zentiva	$690M		-
Tectonic Therapeutic	$689M		-
Adlai Nortye	$689M		$5M
Knight Therapeutics	$688M		$348M
Relmada Therapeutics	$672M		-
4D Molecular Therapeutics	$670M		$47M
Achieve Life Sciences	$669M		-
BridgeBio Oncology	$664M		-
Aarti Pharmalabs	$662M		-
Agomab Therapeutics	$659M		-
SpyGlass Pharma	$655M		-
Senores Pharmaceuticals	$655M		$72M
Zentiva	$649M		-
Bright Minds Biosciences	$640M		-
Monopar Therapeutics	$636M		-
Chabiotech	$631M		-
Eikon Therapeutics	$627M		-
MiMedx Group	$626M		$341M
Tempo Scan Pacific	$622M		-
Clarity Pharmaceuticals	$620M		$21K
Alkaloid	$619M		-
TaiMed Biologics	$613M		-
Nuvectis Pharma	$605M		-
Chong Kun Dang Pharma	$605M		$1.2B
TTY Biopharm	$604M		$211M
Avalon Pharma	$590M		$133M
Kyverna Therapeutics	$588M		-
Altimmune	$585M		$23K
Allergy Therapuetics	$579M		$84M
Editas Medicine	$575M		$27M
Assembly Biosciences	$574M		$58M
enGene	$572M		-
TransThera Sciences	$571M		-
Ever Supreme Bio Technology	$564M		$33M
Arvinas	$554M		$193M
Contineum Therapeutics	$544M		$4M
Aquestive Therapeutics	$543M		$48M
Boiron	$542M		-
Nxera Pharma	$540M		$220M
Valneva	$540M		$187M
Sutro Biopharma	$532M		$72M
Lumosa Therapeutics	$530M		$3M
Synmosa Biopharma	$517M		-
Ovid Therapeutics	$515M		$4M
SK Chemicals	$514M		$1.7B
Ocugen	$508M		$4M
Prothena Corp.	$506M		$48M
Cabaletta Bio	$504M		-
SanBio	$493M		$998K
2seventy bio	$491M		-
Medigen Vaccine Biologics	$485M		$19M
Zura Bio	$481M		-
Evommune	$480M		$8M
C4 Therapeutics	$480M		$29M
Rezolute	$478M		$63K
Sagimet Biosciences	$474M		-
Guangzhou Innogen Pharma	$471M		$39M
Crescent Biopharma	$470M		$6M
Hyundai Bioscience	$468M		-
Benitec Biopharma	$462M		$599K
Artiva Biotherapeutics	$461M		-
AprilBio	$460M		$7M
Avacta Group	$458M		$73K
YungShin Global Holding	$455M		-
Forte Biosciences	$454M		-
Pharmicell	$451M		$91M
Blau Farmacêutica	$451M		$356M
GlaxoSmithKline Pakistan	$446M		$242M
Zota Health Care	$445M		$68M
PKU Healthcare	$444M		-
Rocket Pharmaceuticals	$443M		$1M
Eupraxia Pharmaceuticals	$436M		-
Renata	$435M		$380M
Kamada	$433M		$192M
DiaMedica	$431M		-
Autolus Therapeutics	$428M		$103M
Emergent BioSolutions	$428M		$738M
Upstream Bio	$427M		$2M
Verastem	$426M		$68M
Veraxa Biotech	$426M		-
Compass Therapeutics	$418M		($1M)
Century Therapeutics	$418M		$53M
Swedencare	$416M		$300M
Enanta Pharmaceuticals	$415M		$67M
Recbio	$411M		$2M
Boan Biotech	$411M		$121M
Puma Biotechnology	$405M		$213M
Zhejiang Shouxiangu	$403M		$95M
ProKidney	$400M		$695K
Prelude Therapeutics	$396M		$21M
Vicore Pharma Holding	$395M		$198K
Elite Pharmaceuticals	$392M		-
Formycon	$391M		$62M
Atea Pharmaceuticals	$391M		-
PureTech Health	$390M		$8M
Vanda Pharmaceuticals	$384M		$240M
Polaris Group	$378M		-
Lexeo Therapeutics	$376M		-
Novartis India	$376M		-
Fennec Pharmaceuticals	$375M		$58M
Abeona Therapeutics	$373M		$37M
Lyell Immunopharma	$371M		$24K
X4 Pharmaceuticals	$370M		$22M
Akebia Therapeutics	$365M		$221M
Probi	$362M		-
Clinuvel Pharmaceuticals	$361M		$68M
Palisade Bio	$361M		-
Dong-A Socio Holdings	$360M		$992M
Hansa Biopharma	$358M		$22M
Indaptus Therapeutics	$356M		-
Larimar Therapeutics	$354M		-
Foghorn Therapeutics	$353M		$28M
Fate Therapeutics	$350M		$6M
Panacea Biotec	$344M		-
Onconic Therapeutics	$344M		-
Tanvex BioPharma	$341M		-
Zentalis Pharma	$340M		-
OmniAb	$336M		$25M
Opus Genetics	$335M		$15M
Immuneering	$331M		-
Cybin	$330M		-
Lineage Cell Therapeutics	$329M		$15M
Abclon	$328M		-
Julphar	$327M		$301M
Cellectis	$325M		$70M
Amarin Corp	$324M		$195M
Dishman Carbogen Amics	$323M		-
Luzhu Biotech	$323M		$49M
Neumora Therapeutics	$322M		-
Antibiotice	$321M		-
Organogenesis	$320M		$418M
Medy-Tox	$318M		$166M
ALX Oncology	$317M		-
CytoDyn	$316M		-
TYK Medicines	$314M		-
Newron Pharmaceuticals	$313M		$25M
InflaRx	$312M		$12K
Animalcare Group	$309M		$124M
Bicycle Therapeutics	$305M		$47M
Galectin Therapeutics	$304M		-
Eledon Pharmaceuticals	$303M		-
Northwest Biotherapeutics	$301M		-
Macrogenics	$301M		$151M
SAB Bio	$301M		-
Racura Oncology	$300M		-
Ourofino	$298M		-
Lavipharm	$295M		-
Cartesian Therapeutics	$295M		$2M
Biofarm	$293M		-
Duopharma Biotech	$290M		$245M
Entrada Therapeutics	$289M		$22M
Egetis Therapeutics	$285M		$25M
PegBio	$283M		-
Celon Pharma	$283M		$69M
Invivyd	$280M		$59M
Santhera Pharma	$278M		$107M
Sai Parenteral's	$277M		-
Greenwich LifeSciences	$272M		-
Surrozen	$267M		$5M
AIM Vaccine	$264M		$169M
Shanghai Hile Bio-Tech	$264M		-
SIGA Technologies	$263M		$80M
Oryzon Genomics	$263M		$4M
Adagene	$260M		$4M
AC Immune	$259M		$25M
Coherus Oncology	$258M		$52M
Anavex Life Sciences	$252M		-
Reig Jofré	$252M		$399M
Sol-Gel Technologies	$251M		$9M
Fulcrum Therapeutics	$251M		-
Transgene	$247M		$9M
Valerio Therapeutics	$246M		-
Acepodia	$243M		-
Nkarta	$242M		-
Protara Therapeutics	$240M		-
Precision BioSciences	$238M		$26M
Tetratherix	$238M		$5M
Cuorips	$236M		$1M
Adimmune	$233M		-
AFT Pharmaceuticals	$233M		$156M
Q32 Bio	$232M		$27M
Heartseed	$231M		$11M
Keros Therapeutics	$230M		$119M
Medipost	$230M		-
ProQR Therapeutics	$229M		$17M
Camp4 Therapeutics	$228M		$5M
Karyopharm Therapeutics	$228M		$141M
Voyager Therapeutics	$227M		$40M
Atrium Therapeutics	$227M		$19M
Dong-A ST	$226M		$530M
Tiansheng Pharmaceutical	$225M		-
Compugen	$223M		$40M
Nextbiomedical Co	$222M		$13M
Outlook Therapeutics	$216M		$11M
Arcturus Therapeutics	$216M		$47M
Alector	$214M		$13M
REPLOID Group	$214M		-
NervGen Pharma	$213M		-
Silence Therapeutics	$213M		$2M
Searle Co.	$211M		$137M
IMBiologics	$210M		$8M
Immunic	$209M		-
Starpharma	$209M		-
Humacyte	$208M		$4M
Whitehawk Therapeutics	$206M		$3M
Savior Lifetec	$206M		-
Huons Co	$206M		-
Circio Holding	$206M		-
Scancell	$205M		$304K
Medeze Group	$204M		$26M
Tonix Pharmaceuticals	$203M		$24M
Tenaya Therapeutics	$200M		$5M
Armata Pharmaceuticals	$195M		$4M
Pyxis Oncology	$194M		$7M
Semnur Pharmaceuticals	$193M		-
BioVersys	$193M		$4M
MediWound	$192M		$21M
Caribou Biosciences	$190M		$19M
Protalix	$190M		$66M
Journey Medical	$186M		$73M
Saniona	$186M		-
Acumen Pharmaceuticals	$185M		-
LENZ Therapeutics	$185M		$19M
Flerie	$185M		-
Innate Pharma	$184M		$17M
Equillium	$181M		-
OnKure Therapeutics	$180M		$259K
NRX Pharmaceuticals	$178M		$8M
Alpha Cognition	$176M		$17M
Oramed Pharmaceuticals	$176M		$964K
Panion & Bf Biotech	$174M		-
Corbus Pharmaceuticals	$174M		$863K
ADC Therapeutics	$172M		$81M
Mycenax Biotech	$171M		$268M
Satellos Bioscience	$169M		-
Biomm	$166M		-
BioInvent International	$165M		$21M
Orthocell	$164M		$9M
S Biomedics	$164M		$11M
Karolinska Development	$163M		-
Mayne Pharma Group	$163M		$277M
Cereno Scientific	$162M		-
PhotoCure	$162M		$62M
Milestone Pharmaceuticals	$161M		$4M
Tiziana Life Sciences	$160M		-
AN2 Therapeutics	$155M		-
Sensorion	$152M		$16M
Assertio Therapeutics	$152M		$117M
Curatis Holding	$151M		-
Vytrus Biotech	$151M		-
Molecular Partners	$150M		-
Hamlet BioPharma	$149M		-
Binex	$149M		$119M
Unicycive	$149M		$2M
Agenus	$146M		$126M
Mersana Therapeutics	$145M		-
Genetic Technologies	$145M		-
Bioxyne	$144M		-
Hyloris Pharmaceuticals	$144M		$14M
TuHURA Biosciences	$143M		-
PepGen	$142M		-
Heidelberg Pharma	$140M		$8M
Connect Biopharma	$139M		$2M
Cue Biopharma	$139M		$20M
Kotra Industries	$136M		-
Coya Therapeutics	$135M		$5M
vTv Therapeutics	$134M		$19M
Aldeyra Therapeutics	$134M		$647K
BGM Group	$133M		-
Genelux	$133M		$4K
Bioceltix	$132M		$6M
Easywell Biomedicals	$131M		-
Pyridam Farma	$128M		-
Fractyl Health	$128M		-
Captor Therapeutics	$127M		$6M
Guerbet	$127M		$883M
Polaryx Therapeutics	$126M		-
Spero Therapeutics	$125M		$67M
Orient Europharma Co	$125M		-
Naturland Holding	$124M		-
ProMIS Neurosciences	$124M		-
Kanaph Therapeutics	$120M		-
StemRIM	$120M		-
Black Diamond Therapeutics	$119M		$37M
Cardiol Therapeutics	$119M		-
Aardvark Therapeutics	$119M		-
Enlivex	$118M		-
Medivir	$116M		$783K
Biosyent	$115M		$40M
Kalaris Therapeutics	$115M		-
NeOnc	$113M		$19K
SynAct Pharma	$112M		-
Lixte Biotechnology	$112M		-
Faron Pharmaceuticals	$110M		$182K
Cassava Sciences	$107M		-
Dimerix	$106M		$5M
Verrica Pharmaceuticals	$106M		$30M
PolyPid	$102M		-
Oncolytics Biotech	$102M		-
Nykode Therapeutics	$101M		$62K
Biomea Fusion	$101M		-
Ensol Biosciences	$100M		-
Anixa Biosciences	$100M		-
Inovio Pharmaceuticals	$100M		$6M
Fortress Biotech	$99M		$72M
Eurofins-Cerep	$99M		-
Abionyx Pharma	$99M		$5M
Alterity Therapeutics	$98M		$3M
Island Pharmaceuticals	$98M		-
AlzeCure Pharma	$97M		-
Cognition Therapeutics	$97M		-
Prestige Biologics	$96M		-
OSE Immunotherapeutics	$96M		$6M
Adocia	$96M		$13M
Actinogen Medical	$96M		-
Cumberland	$94M		-
Ryvu Therapeutics	$94M		$31M
Darya-Varia Laboratoria	$94M		-
Vistin Pharma	$93M		-
IBT	$93M		-
Atara Biotherapeutics	$93M		$59M
ImmuCell	$93M		-
Cardiff Oncology	$92M		$412K
OKYO Pharma	$92M		-
Rallybio	$91M		-
Zomedica	$91M		$32M
Bioton	$90M		-
Shield Therapeutics	$87M		$63M
Orexo	$87M		$3M
Gossamer Bio	$86M		$42M
Rein Therapeutics	$86M		-
Telomir Pharmaceuticals	$85M		-
Eco Animal Health Group	$84M		$114M
Laboratorios Richmond	$84M		-
Entera Bio	$82M		$20K
Annovis Bio	$82M		-
Heron Therapeutics	$81M		$160M
Adicet Bio	$81M		-
Acrivon Therapeutics	$80M		-
Cantourage Group	$80M		$113M
China SXT Pharmaceuticals	$79M		-
Recce Pharmaceuticals	$79M		$3M
Rani Therapeutics	$79M		$3M
Agronomics	$78M		-
Seres Therapeutics	$78M		$7M
RaQualia Pharma	$77M		$26M
3D Medicines	$77M		-
Gain Therapeutics	$77M		-
Lytix Biopharma	$76M		$1M
XSpray Pharma	$75M		$5M
Replek	$73M		-
XBiotech	$73M		-
Pliant Therapeutics	$72M		-
Nyrada	$72M		-
EQL Pharma	$72M		$48M
Paradigm Biopharma	$71M		-
MediciNova	$71M		$351K
TScan Therapeutics	$70M		$9M
HAEMATO	$70M		-
BeyondSpring	$70M		-
Scilex Holding	$69M		-
Nanexa	$69M		-
LTR Pharma	$69M		-
Dicot Pharma	$68M		-
ImageneBio	$67M		$386K
Dongkoo Bio&Pharma Co	$67M		-
Labiana Health	$67M		$91M
Citius Oncology	$66M		$16M
PMV Pharma	$66M		-
Vaxcell-Bio	$66M		-
Oncopeptides	$65M		$11M
Context Therapeutics	$65M		-
AB Science	$64M		$1M
Corestemchemon	$62M		-
Pentixapharm Holding	$62M		-
Avecho Biotechnology	$62M		$2M
Xilio Therapeutics	$61M		$40M
THX Pharma	$60M		$8M
aTyr Pharma	$59M		$92K
Maat Pharma	$59M		$8M
Procaps Group	$58M		-
Synthaverse	$58M		$12M
Immutep	$56M		$9M
Arovella Therapeutics	$56M		-
Boundless Bio	$56M		-
BioStem Technologies	$56M		$38M
Cinclus Pharma Holding	$55M		$8M
Intercure	$55M		-
Prescient Therapeutics	$55M		-
Herantis Pharma	$54M		-
Kezar Life Sciences	$54M		-
Amplia Therapeutics	$54M		$4M
Mereo BioPharma Group	$53M		$1M
Elicio Therapeutics	$53M		-
Cantargia	$53M		$17M
Cessatech	$53M		-
HLB Global	$53M		-
MiNK Therapeutics	$53M		-
Instil Bio	$53M		-
K Pharma	$50M		-
Dogwood Therapeutics	$48M		-
Botanix Pharmaceuticals	$47M		$25M
Vicapsys	$47M		-
Corline Biomedical	$47M		$3M
PDS Biotechnology	$47M		-
INmune Bio	$47M		$24K
Moberg Pharma	$47M		$2M
Veru	$46M		-
Intervacc	$46M		$2M
SCYNEXIS	$46M		$11M
Lantern Pharma	$46M		-
Incannex	$44M		-
Sprint Bioscience	$43M		$14M
Nicox	$42M		$12M
RenovoRx	$42M		$2M
Mendus	$41M		$481K
Grace Therapeutics	$41M		-
J. Molner	$41M		-
Mira Pharmaceuticals	$39M		-
Estrella Immunopharma	$39M		-
MindMaze Therapeutics	$39M		$4M
Neurizon Therapeutics	$39M		-
Molecure	$39M		$7M
Genenta Science	$38M		-
Aligos Therapeutics	$37M		$11M
Vivoryon Therapeutics	$37M		-
Advicenne	$37M		$7M
FibroGen	$36M		$8M
Zhengye Biotechnology	$36M		-
Actuate Therapeutics	$36M		-
Generation Bio	$36M		-
Jiangsu Wuzhong Pharmaceutical	$35M		-
Prism Biolab	$34M		$4M
Radiopharm Theranostics	$33M		$2M
Lipum	$32M		-
Medical Developments International	$32M		$30M
BioXcel Therapeutics	$32M		$1M
Mabion	$31M		-
Imugene	$31M		$1M
Sangamo Therapeutics	$31M		$40M
Dare Bioscience	$31M		$2M
Lisata Therapeutics	$30M		$48K
Oncocross	$30M		-
Nanogroup	$29M		-
Tvardi Therapeutics	$29M		-
Spirit Scientific Co	$29M		-
Evaxion	$28M		$6M
Marker Therapeutics	$28M		$3M
Kala Bio	$28M		-
Isofol Medical	$28M		-
TAO Synergies	$27M		-
Akari Therapeutics	$27M		-
SoftOx Solutions	$27M		-
Türk İlaç	$27M		-
Poltreg	$26M		$2M
NeuroSense Therapeutics	$26M		-
Barinthus Biotherapeutics	$26M		-
Medicenna Therapeutics	$26M		-
SyntekaBio	$25M		-
Atossa Therapeutics	$25M		-
Skye Bioscience	$25M		-
Arterra Bioscience	$25M		-
Oncoinvent	$24M		$3M
Tevogen Bio	$23M		-
Xbrane Biopharma	$23M		$18M
VYNE Therapeutics	$22M		-
Pluri	$22M		-
Gensight Biologics	$22M		$751K
Cellectar Biosciences	$22M		-
Celularity	$22M		-
Marinomed Biotech	$22M		-
Quantum BioPharma	$21M		-
DexTech Medical	$21M		-
Klaria Pharma Holding	$21M		-
Holista CollTech	$20M		-
Lipocine	$20M		$1M
Noxopharm	$20M		-
Modalis Therapeutics	$20M		-
Longeveron	$20M		$1M
Elicera Therapeutics	$20M		-
Chemomab Therapeutics	$20M		-
Initiator Pharma	$20M		-
Neuroscientific	$19M		-
Abera Bioscience	$19M		-
Biotechnology Assets	$18M		-
Xintela	$18M		$718K
Diamyd Medical	$18M		-
Patrys	$18M		-
Pasithea Therapeutics	$17M		-
Quince Therapeutics	$17M		-
Werewolf Therapeutics	$17M		-
Passage Bio	$16M		-
Citius Pharmaceuticals	$16M		$17M
AcuCort	$16M		$77K
Aelis Farma	$16M		$2M
Tempest Therapeutics	$16M		-
Biofrontera	$16M		-
Pharma Equity Group	$15M		-
CalciMedica	$15M		-
Medicon Hellas	$15M		-
Active Biotech	$15M		-
Poxel	$14M		-
Scienture Holdings	$14M		$3M
Anebulo Pharmaceuticals	$14M		-
Jasper Therapeutics	$13M		-
Opthea	$13M		$17K
Lexaria Bioscience	$13M		$104K
BioLineRx	$13M		$1M
Opsy Holding	$13M		-
Intensity Therapeutics	$13M		-
NFL Biosciences	$13M		-
OncoZenge	$12M		-
Biogened	$12M		-
Aton	$12M		-
Alligator Bioscience	$12M		-
Viropro	$12M		-
IRLAB Therapeutics	$12M		$9M
Celyad Oncology	$12M		-
NextCell Pharma	$12M		$1M
Psyence Biomedical	$11M		-
Apimeds Pharmaceuticals	$11M		-
Vivesto	$10M		-
Curis	$10M		$5M
Coegin Pharm	$10M		-
Jupiter Neurosciences	$10M		-
Neurothera Labs	$10M		-
Alzinova	$10M		$2M
Spago Nanomedical	$10M		-
Vistagen Therapeutics	$10M		$1M
Argenica Therapeutics	$9M		$3M
Annexin Pharmaceuticals	$9M		$4M
Sedania Innovator	$9M		-
Ascelia Pharma	$9M		$3M
Immuron	$9M		$6M
InMed Pharmaceuticals	$9M		-
Synlogic	$8M		-
Cambium Bio	$8M		-
Addex Therapeutics	$8M		-
MetaVia	$8M		-
Exact Therapeutics	$8M		-
Reviva Pharmaceuticals	$8M		-
PharmaCyte Biotech	$8M		-
Bolt Biotherapeutics	$8M		$4M
TME Pharma	$8M		-
Medicofarma Biotech	$8M		-
Wellgistics Health	$7M		-
Oncodesign Precision Medicine	$7M		$306K
Chosa Oncology	$7M		-
HCW Biologics	$7M		$3M
XTL Biopharmaceuticals	$7M		-
Pure Biologics	$7M		-
Stenocare	$7M		-
BioAtla	$7M		-
Liminatus Pharma	$7M		-
Newbury Pharmaceuticals	$6M		-
NextCure	$6M		-
Gelteq	$6M		-
Tricida	$6M		-
Acurx Pharmaceuticals	$6M		-
Geovax Labs	$6M		$1M
Pila Pharma	$6M		-
Modus Therapeutics	$6M		-
Genxone	$5M		-
ODI Pharma	$5M		-
Bio Green Med Solution	$5M		-
Abattis Bioceuticals	$5M		-
Instituto Rosenbusch	$5M		-
FibroBiologics	$4M		-
RA Williams Distributors	$4M		-
Futura Medical	$4M		$2M
Propanc Biopharma	$4M		-
Reboost Blockchain	$4M		-
JFL Life Sciences	$4M		-
Cannabis Poland	$4M		-
Strategic Partners	$3M		-
Incanthera	$3M		-
Guard Therapeutics	$3M		-
Double Bond	$3M		-
Institute of Biomedical	$3M		-
CASI Pharmaceuticals	$3M		-
Iterum Therapeutics	$3M		$800K
Invion	$3M		-
Respiratorius	$2M		-
Cynata Therapeutics	$2M		$2M
Gabather	$2M		-
Redwood Scientific Technologies	$2M		-
Chimeric Therapeutics	$2M		-
Magle Chemoswed Holding	$2M		$30M
PharmaLundensis	$2M		-
Biophytis	$2M		$2M
Aion Therapeutic	$2M		-
Biomind Labs	$2M		-
Nextgen Biomed	$2M		-
Aptahem	$2M		-
ExpreS2ion Biotech	$1M		-
Biosenic	$1M		-
Stayble Therapeutics	$1M		-
Scinai Immunotherapeutics	$1M		-
Biosergen	$1M		-
Cannovum Cannabis	$1M		-
GeNeuro	$1M		-
RAMM Pharma	$840K		-
Clearside Biomedical	$654K		-
Nidhogg Resources Holding	$513K		-
Pharmadrug	$472K		-
Lidds	$371K		-
IO Biotech	$367K		-
Altamira Therapeutics	$366K		-
Oxurion	$356K		-
QUIA PHARMA	$305K		-
PCI Biotech Holding	$292K		-
bioXXmed	$244K		-
Lipigon Pharmaceuticals	$138K		-
DanCann Pharma	$90K		-
Adynxx	$87K		-
Scorpius Holdings	$73K		-
Itoco	$41K		-
Easton Pharmaceuticals	$27K		-
Filament Health	$26K		-
Neovacs	$0K		-
Obsidian Therapeutics	-		-
GridAI Technologies	-		-
Korsana Biosciences	-		-
AtaiBeckley	-		-
Candid Therapeutics	-		-
Avidity Biosciences	-		-
OrthoCellix	-		-
Adverum Biotechnologies	-		-
Indivior	-		-
Mural Oncology	-		-
Akero Therapeutics	-		-
Relief Therapeutics	-		-