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.

Start Free Trial

Select Vertical

Biopharmaceuticals

Viewing 25 of 1137 companies with full data

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
Eli Lilly	$1.0T	$1.1T	$76B	14.2x	30.1x
Johnson & Johnson	$603B	$636B	$98B	6.5x	17.3x
AbbVie	$452B	$516B	$65B	8.0x	18.0x
Roche	$328B	$350B	$78B	4.5x	11.2x
Merck	$312B	$355B	$66B	5.4x	15.8x
Novartis	$295B	$335B	$56B	6.0x	14.6x
AstraZeneca	$258B	$284B	-	-	-
Novo Nordisk	$219B	$238B	$46B	5.1x	10.7x
Amgen	$198B	$243B	$37B	6.5x	14.0x
Gilead Sciences	$162B	$176B	$30B	5.9x	20.4x
Pfizer	$142B	$193B	$62B	3.1x	8.2x
Bristol-Myers Squibb	$124B	$160B	$48B	3.4x	9.1x
Vertex Pharmaceuticals	$122B	$117B	$13B	9.3x	21.2x
Sanofi	$105B	$122B	$55B	2.2x	7.4x
GSK	$101B	$122B	$45B	2.7x	7.9x
Chugai Pharma	$75B	$70B	$8.3B	8.4x	16.1x
Regeneron	$71B	$65B	$15B	4.3x	12.1x
Merck KGaA	$67B	$76B	$24B	3.2x	11.1x
Takeda Pharmaceuticals	$55B	$81B	$28B	2.8x	10.3x
argenx	$54B	$50B	$5.2B	9.6x	31.5x
Jiangsu Hengrui Pharma	$54B	$48B	$5B	9.5x	32.5x
Bayer	$53B	$86B	$53B	1.6x	7.7x
UCB	$53B	$53B	$9.5B	5.6x	16.4x
Sun Pharma	$49B	$46B	$6.3B	7.3x	25.2x
Lonza Group	$49B	$53B	$8.6B	6.2x	19.3x
CSL	$41B		$15B
Revolution Medicines	$39B		$55M
Teva Pharmaceuticals	$38B		$17B
Alnylam Pharmaceuticals	$36B		$4.8B
Otsuka Holdings	$36B		$16B
Sandoz	$36B		$12B
BeOne Medicines	$35B		$6B
Zoetis	$32B		$9.6B
Daiichi Sankyo	$32B		$14B
Biogen	$30B		$10B
Celltrion	$27B		$3.3B
United Therapeutics	$27B		$3.2B
Royalty Pharma	$26B		$3.4B
Hansoh Pharma	$25B		$2.4B
Roivant Sciences	$25B		$30M
Astellas Pharma	$24B		$14B
Moderna	$24B		$2B
Insmed	$24B		$1.2B
Incyte	$23B		$5.5B
BioNTech	$23B		$2.9B
Sichuan Biokin	$21B		$355M
Viatris	$20B		$15B
Innovent Biologics	$20B		$2.3B
Torrent Pharmaceuticals	$20B		$1.6B
Neurocrine Biosciences	$18B		$3.4B
Genmab	$17B		$4.1B
Ascendis Pharma	$17B		$1.2B
Sobi	$17B		$3.3B
BridgeBio Pharma	$16B		$757M
Jazz Pharmaceuticals	$16B		$4.4B
Kelun-Biotech	$16B		$360M
Ipsen	$15B		$4.6B
Shionogi	$15B		$3.5B
PharmaEssentia	$15B		$672M
Exelixis	$14B		$2.5B
Yunnan Baiyao Group	$13B		$6.2B
Zhangzhou Pientzehuang	$13B		$1.3B
Elanco	$13B		$4.9B
Madrigal Pharmaceuticals	$13B		$1.3B
Orion	$12B		$2.3B
CSPC Pharma Group	$12B		$4.2B
Axsome Therapeutics	$12B		$825M
Cipla	$12B		$3B
Recordati	$12B		$3.1B
Lupin	$12B		$3B
Haisco Pharmaceutical	$12B		$782M
Zydus Lifesciences	$12B		$2.9B
Abivax	$12B		$5M
Sino Biopharmaceutical	$12B		$5B
Baxter International	$11B		$11B
BioMarin Pharmaceutical	$11B		$3.6B
Summit Therapeutics	$11B		$2M
Kelun	$11B		$2.9B
Akeso	$11B		$602M
Mankind Pharma	$11B		$1.5B
Cytokinetics	$11B		$102M
Financiere de Tubize	$11B		-
Arrowhead Pharmaceuticals	$10B		$520M
Dr Reddy's Laboratories	$10B		$3.6B
Corcept Therapeutics	$10B		$881M
Apogee Therapeutics	$10B		-
Krystal Biotech	$10B		$458M
Alteogen	$9.9B		$239M
Nuvalent	$9.8B		$6M
Aurobindo Pharma	$9.4B		$3.7B
Kymera Therapeutics	$9.3B		$65M
Halozyme Therapeutics	$9.3B		$1.6B
Wuxi XDC	$9B		$1B
RemeGen	$9B		$783M
Krka	$9B		$2.5B
Laurus Labs	$8.9B		$748M
Spyre Therapeutics	$8.9B		-
Protagonist Therapeutics	$8.9B		$311M
Crinetics Pharmaceuticals	$8.9B		$42M
Praxis Precision Medicines	$8.9B		$1M
Shanghai Allist	$8.8B		$890M
Ionis Pharmaceuticals	$8.8B		$914M
Alkermes	$8.8B		$1.7B
Fosun Pharma	$8.6B		$6.2B
Kyowa Kirin	$8.6B		$3.2B
ImmunityBio	$8.4B		$174M
Vaxcyte	$8.4B		-
TG Therapeutics	$8.3B		$798M
Immunovant	$8.1B		-
Huadong Medicine	$8B		$6.7B
ALK	$8B		$1.1B
Eisai Co.	$7.8B		$5.3B
Biocon	$7.4B		$1.9B
Merus	$7.4B		-
Rhythm Pharmaceuticals	$7.3B		$253M
NewMarket	$7.2B		$2.7B
Liquidia	$7.2B		$474M
Bachem	$7.2B		$1B
Mirum Pharmaceuticals	$7.1B		$607M
Alkem Laboratories	$7B		$1.6B
Ono Pharmaceutical	$6.9B		$3.1B
Gedeon Richter	$6.8B		$3B
Cogent Biosciences	$6.8B		$7M
Arcellx	$6.7B		$23M
Erasca	$6.7B		-
Grifols	$6.6B		$8.8B
Glenmark Pharma	$6.6B		$1.8B
PTC Therapeutics	$6.5B		$1.4B
Belite Bio	$6.5B		-
Xenon Pharmaceuticals	$6.4B		$5M
Samsung Bioepis	$6.4B		$1.2B
Abbott India	$6.3B		$742M
CG Oncology	$6.3B		$8M
Lundbeck	$6.3B		$3.9B
Centessa Pharmaceuticals	$6.3B		$7M
China Resources Sanjiu	$6.1B		$4.8B
Ligand Pharmaceuticals	$6.1B		$280M
Terns Pharma	$6.1B		-
Scholar Rock	$6.1B		$3M
Definium Therapeutics	$6B		-
Gan and Lee	$5.8B		$651M
Salubris Pharmaceuticals	$5.8B		$715M
Amneal Pharmaceuticals	$5.8B		$3.1B
Dianthus Therapeutics	$5.8B		$2M
Oruka Therapeutics	$5.7B		-
Zelgen Biopharmaceuticals	$5.5B		$213M
Sumitomo Chemical	$5.5B		$15B
Wantai BioPharm	$5.4B		-
3SBio	$5.4B		$1.9B
Travere Therapeutics	$5.3B		$605M
Apellis Pharmaceuticals	$5.3B		-
Beijing Tongrentang	$5.2B		$2.6B
Caliway Biopharmaceuticals	$5.1B		-
Shanghai RAAS	$5B		-
Kiniksa Pharmaceuticals	$4.9B		$824M
Dong-E-E-Jiao	$4.8B		$1B
Shanghai Junshi	$4.8B		$437M
Indivior Pharmaceuticals	$4.8B		$1.3B
CRISPR Therapeutics	$4.7B		$23M
Ipca Laboratories	$4.7B		$1B
Tango Therapeutics	$4.7B		$28M
Ajanta Pharma	$4.6B		$597M
Anthem Biosciences	$4.6B		$236M
Veradermics	$4.6B		-
Dottikon ES Holding	$4.6B		$561M
Chongqing Zhifei	$4.6B		$1.3B
Legend Biotech	$4.6B		$1.3B
Amicus Therapeutics	$4.5B		$634M
Changchun High-Tech	$4.5B		$1.7B
Celcuity	$4.5B		$22M
Caris Life Sciences	$4.4B		$917M
Viking Therapeutics	$4.4B		-
GSK India	$4.4B		$410M
ACADIA Pharmaceuticals	$4.4B		$1.2B
Hikma Pharmaceuticals	$4.3B		$3.4B
Simcere Pharmaceutical Group	$4.3B		$1.3B
Edgewise Therapeutics	$4.3B		-
Shijiazhuang Yiling	$4.3B		$1.2B
Gland Pharma	$4.2B		$699M
Humanwell Healthcare	$4.2B		-
Relay Therapeutics	$4.2B		$13M
Bayer Perú	$4.2B		-
Aspen Pharmacare	$4.2B		$2.2B
Henlius Biotech	$4.1B		$1.1B
SK Biopharmaceuticals	$4.1B		$574M
J.B. Chemicals & Pharma	$4B		$460M
Santen Pharmaceutical	$4B		$1.9B
Dyne Therapeutics	$3.9B		-
InnoCare Pharma	$3.9B		$339M
China Medical System	$3.9B		$1.3B
Enliven Therapeutics	$3.9B		-
Hebei Changshan	$3.9B		-
Catalyst Pharmaceuticals	$3.9B		$612M
Alumis	$3.8B		$15M
CR Pharmaceutical	$3.8B		$41B
Camurus	$3.8B		$275M
Tianjin Pharma	$3.8B		-
Denali Therapeutics	$3.8B		$19M
NewAmsterdam Pharma	$3.8B		$26M
Emcure Pharmaceuticals	$3.8B		$1B
Betta Pharmaceuticals	$3.8B		$589M
Arcus Biosciences	$3.7B		$154M
Hubei Jumpcan	$3.7B		$918M
Livzon Pharmaceutical Group	$3.7B		$1.8B
Zhejiang Huahai	$3.7B		$1.3B
Beijing Tiantan	$3.6B		$850M
Amoytop Biotech	$3.6B		$614M
Sumitomo Pharma	$3.6B		$3B
Hualan Biological Engineering	$3.6B		$672M
Organon	$3.5B		$6.2B
Arcutis Biotherapeutics	$3.5B		$445M
Tasly	$3.5B		$1.3B
Yuhan	$3.5B		$1.6B
Structure Therapeutics	$3.5B		$21M
IDEAYA Biosciences	$3.5B		$117M
Apeloa Pharmaceutical	$3.4B		$1.5B
BB Biotech	$3.4B		-
Sunshine Lake Pharma	$3.3B		-
Jilin Aodong	$3.3B		-
Walvax Biotechnology	$3.2B		$363M
Hanmi Pharm	$3.2B		$1.1B
Laboratorios Rovi	$3.2B		$879M
Wockhardt	$3.2B		-
Jiangsu Nhwa	$3.2B		$917M
Zealand Pharma	$3.1B		$1B
Virbac	$3.1B		$1.7B
Kanghong Pharmaceutical	$3.1B		$700M
Regencell Bioscience	$3B		-
Hypera	$3B		$1.7B
Disc Medicine	$2.9B		-
MBX Biosciences	$2.9B		-
Jamjoom Pharma	$2.8B		$420M
Yili Chuannig Biotech	$2.8B		$691M
Ultragenyx	$2.8B		$715M
BioArctic	$2.8B		$165M
Beam Therapeutics	$2.8B		$108M
Joincare Pharmaceutical	$2.8B		$2.3B
Celldex Therapeutics	$2.8B		$2M
Supernus Pharmaceuticals	$2.8B		$801M
Soleno Therapeutics	$2.8B		$190M
uniQure	$2.8B		$19M
Kangmei Pharmaceutical Co.	$2.7B		-
Duality Biotherapeutics	$2.7B		$278M
Almirall	$2.7B		$1.4B
Vera Therapeutics	$2.7B		$16M
Samchundang Pharm	$2.7B		-
Kodiak Sciences	$2.7B		-
AtaiBeckley	$2.6B		$3M
ABL Bio	$2.6B		$58M
China Res Double-Crane	$2.6B		$1.7B
Trevi Therapeutics	$2.6B		-
Immunome	$2.6B		$5M
SELLAS Life Sciences	$2.5B		-
Neuland Laboratories	$2.5B		$220M
Sinocelltech Group	$2.5B		$237M
Tarsus Pharmaceuticals	$2.5B		$591M
Kolon TissueGene	$2.5B		$4M
Buchang Pharma	$2.5B		-
Iovance Biotherapeutics	$2.4B		$318M
Nurix Therapeutics	$2.4B		$66M
Mineralys Therapeutics	$2.4B		-
Pharvaris	$2.4B		-
Dermapharm Holding	$2.4B		$1.4B
BioCryst Pharma	$2.4B		$761M
Kailera Therapeutics	$2.4B		-
Grand Pharmaceutical	$2.4B		$1.7B
BeBetter Med	$2.4B		-
Vericel	$2.4B		$307M
Biohaven	$2.3B		-
Nektar Therapeutics	$2.3B		$47M
LigaChem Biosciences	$2.3B		$119M
United Laboratories International	$2.3B		$1.9B
Brightgene Bio-medical	$2.3B		$185M
Hemab Therapeutics	$2.3B		-
Granules India	$2.2B		$592M
Nuvation Bio	$2.2B		$140M
Day One Biopharmaceutical	$2.2B		$158M
InventisBio	$2.2B		$13M
Agios Pharmaceuticals	$2.2B		$90M
Pfizer India	$2.2B		$269M
UroGen Pharma	$2.1B		$203M
Harmony Biosciences	$2.1B		$951M
Sionna Therapeutics	$2.1B		-
Avadel Pharmaceuticals	$2.1B		$5.3B
Viridian Therapeutics	$2.1B		$43M
Cosmo Pharmaceuticals	$2.1B		$121M
Eris Lifesciences	$2.1B		$339M
Mesoblast	$2.1B		$129M
AstraZeneca Pharma India	$2.1B		-
Bavarian Nordic	$2.1B		$896M
Jafron Biomedical	$2.1B		$310M
Mabwell	$2.1B		$125M
Palvella Therapeutics	$2.1B		-
Anhui Anke Biotechnology	$2.1B		$402M
Amylyx Pharmaceuticals	$2.1B		-
Caplin Point Laboratories	$2.1B		$238M
Zenas BioPharma	$2B		$21M
Rapport Therapeutics	$2B		$11M
BioKangtai	$2B		$402M
Damora Therapeutics	$2B		-
Aurinia Pharmaceuticals	$2B		$307M
Syndax	$2B		$268M
Monte Rosa Therapeutics	$2B		$80M
ADMA Biologics	$2B		$524M
Idorsia	$2B		$276M
HUTCHMED (China)	$2B		$592M
OneSource Specialty	$2B		$174M
Precigen	$2B		$73M
Ocular Therapeutix	$2B		$52M
GH Research	$1.9B		-
Zhejiang Wolwo Bio-Pharma	$1.9B		$167M
Hepalink	$1.9B		$820M
Tyra Biosciences	$1.9B		-
Nanjing King-Friend	$1.9B		$628M
Jinyu Bio-Technology Co.	$1.9B		$239M
Kalbe Farma	$1.9B		$2.1B
Guobang Pharma	$1.9B		$948M
Bicara Therapeutics	$1.8B		-
Generate Biomedicines	$1.8B		$31M
Yifan Pharmaceutical	$1.8B		$795M
Galapagos	$1.8B		$594M
Nanobiotix	$1.8B		$39M
D&D Pharmatech	$1.8B		$8M
ANI Pharmaceuticals	$1.8B		$1B
Stoke Therapeutics	$1.8B		$96M
Galecto	$1.8B		-
Natco Pharma	$1.8B		$396M
Tsumura	$1.8B		$1.3B
Cheezheng Tibetan Medicine	$1.8B		-
Zymeworks	$1.8B		$224M
Cohance Lifesciences	$1.8B		$244M
SK Bioscience	$1.8B		$472M
Immunocore Holdings	$1.8B		$426M
Ascentage Pharma Group	$1.7B		$109M
Sarepta Therapeutics	$1.7B		$2B
Alembic Pharmaceuticals	$1.7B		$792M
MapLight Therapeutics	$1.7B		-
Bausch Health	$1.7B		$10B
RAPT Therapeutics	$1.7B		-
MoonLake	$1.7B		-
Peptron	$1.7B		-
Hugel	$1.7B		$326M
Nippon Shinyaku	$1.7B		$1.1B
Hanall Biopharma	$1.7B		$111M
Recursion Pharmaceuticals	$1.6B		$66M
Jubilant Pharmova	$1.6B		$900M
Taysha GTx	$1.6B		$5M
Harrow	$1.6B		$315M
Maze Therapeutics	$1.6B		$12M
Square Pharma	$1.6B		$694M
Intellia Therapeutics	$1.6B		$62M
Innoviva	$1.6B		$428M
AnaptysBio	$1.6B		$157M
Vir Biotechnology	$1.6B		$120M
Bora Pharmaceuticals	$1.6B		$651M
Voronoi	$1.6B		$15M
Lotus Pharmaceutical	$1.6B		$875M
Faes Farma	$1.5B		$789M
Yantai Dongcheng	$1.5B		$420M
Septerna	$1.5B		$63M
Xencor	$1.5B		$96M
Xeris Biopharma	$1.5B		$344M
Hualan Biological Vaccine	$1.5B		$174M
Pharma Mar	$1.5B		$241M
Zhejiang Jolly	$1.5B		$500M
Neuren Pharma	$1.5B		$62M
Ab&B Bio-Tech	$1.5B		-
Concord Biotech	$1.4B		$117M
KalVista Pharmaceuticals	$1.4B		-
SOTHEMA	$1.4B		$397M
Chengdu Easton	$1.4B		$209M
Absci	$1.4B		$4M
Phibro Animal Health	$1.4B		$1.5B
Aktis Oncology	$1.4B		$12M
Cosmo	$1.4B		$121M
Chongqing Genrix	$1.4B		$63M
Jiangxi Fushine Pharma	$1.3B		$261M
Pacific Shuanglin	$1.3B		-
Uniphar	$1.3B		$3.7B
Novavax	$1.3B		$716M
ArriVent BioPharma	$1.3B		-
First Tracks Biotherapeutics	$1.3B		$7M
TOWA Pharmaceutical	$1.3B		$1.8B
Avalyn Pharma	$1.3B		-
Immatics	$1.3B		$49M
Inhibrx Biosciences	$1.3B		$577K
ACROBiosystems	$1.3B		$142M
HBM Holdings	$1.3B		$201M
Sinopep	$1.3B		-
Ardelyx	$1.3B		$482M
MannKind	$1.3B		$412M
Jade Biosciences	$1.2B		-
Star Lake Bioscience	$1.2B		$2.4B
Marksans Pharma	$1.2B		$325M
Liaoning Chengda Biotech	$1.2B		$195M
Corvus Pharma	$1.2B		($111K)
Sawai Group Holdings	$1.2B		$1.3B
Alvotech	$1.2B		$608M
Savara	$1.2B		$2M
Eton Pharmaceuticals	$1.2B		$98M
Collegium Pharmaceutical	$1.2B		$830M
MeiraGTx	$1.2B		$64M
Blue Jet Healthcare	$1.2B		$105M
Everest Medicines	$1.2B		$387M
Guilin Sanjin	$1.2B		-
Celltrion Pharm	$1.1B		-
Capricor Therapeutics	$1.1B		$73M
Mezzion Pharma	$1.1B		-
Seaport Therapeutics	$1.1B		-
ORIC Pharmaceuticals	$1.1B		-
WAVE Life Sciences	$1.1B		$51M
Cullinan Therapeutics	$1.1B		$10M
Akums Drugs and Pharma	$1.1B		$473M
EyePoint	$1.1B		$15M
Vor Biopharma	$1.1B		-
Lepu Biopharma	$1.1B		$135M
Philogen	$1.1B		$200M
Kissei Pharmaceutical	$1.1B		$601M
GuangYuYuan Chinese	$1.1B		-
Bio-Thera Solutions	$1.1B		-
Eczacıbaşı İlaç	$1.1B		-
Lexicon Pharmaceuticals	$1.1B		$43M
Alto Neuroscience	$1.1B		-
CureVac	$1B		-
Forte Biosciences	$1B		-
Inventiva	$1B		$6M
MedinCell	$1B		$32M
Pacira BioSciences	$1B		$749M
GNI Group	$1B		$200M
Olema Pharmaceuticals	$1B		-
Bioage Labs	$1B		$34M
Ventyx Biosciences	$1B		-
Strides Pharma	$1B		$533M
Janux Therapeutics	$992M		$22M
Avalo Therapeutics	$989M		$26K
Mega Lifesciences	$979M		$451M
Kura Oncology	$967M		$83M
SPIMACO - ADDWAEIH	$965M		$455M
Zhejiang Ausun	$961M		-
CStone Pharmaceuticals	$952M		$51M
Daewoong Pharmaceutical	$950M		$1B
Vetoquinol	$944M		$600M
Geron	$927M		$212M
LB Pharmaceuticals	$927M		-
Replimune Group	$923M		$9M
OPKO Health	$917M		$568M
TchaikaPharma	$914M		-
Pharming	$912M		$392M
Biotest	$910M		-
Kaken Pharmaceutical	$909M		$493M
SSY Group	$907M		-
China TCM	$906M		$2.1B
Phathom Pharmaceuticals	$897M		$263M
Center Laboratories	$894M		-
Arbutus Biopharma	$893M		$107M
Changchun BCHT	$890M		$101M
Annexon	$882M		-
Sana Biotechnology	$879M		-
Keqian Biology	$878M		$144M
Theravance	$873M		$109M
Odyssey Therapeutics	$872M		$1M
Gen İlaç	$863M		-
Amphastar Pharma	$863M		$735M
Chengdu Kanghua	$861M		$183M
Youcare Pharmaceutical	$842M		-
DBV Technologies	$840M		$5M
Adlai Nortye	$837M		$5M
Solid Biosciences	$831M		-
Hisamitsu Pharmaceutical	$828M		$1B
Esperion Therapeutics	$819M		$388M
CHO Pharma	$816M		-
Sanofi India	$807M		$202M
Nika Pharmaceuticals	$806M		-
Basilea Pharmaceutica	$801M		$310M
Aclaris Therapeutics	$794M		$7M
Oscotec	$782M		-
Genfit	$776M		$97M
PeptiDream	$771M		$194M
Monopar Therapeutics	$762M		-
Bright Minds Biosciences	$760M		-
Design Therapeutics	$752M		-
Climb Bio	$750M		-
Candel Therapeutics	$747M		-
CytomX Therapeutics	$742M		$52M
Zevra Therapeutics	$736M		$128M
Neurogene	$731M		-
Rigel Pharmaceuticals	$728M		$284M
Aura Biosciences	$726M		-
HK inno.N	$726M		$742M
Supriya Lifescience	$720M		$92M
Astria Therapeutics	$714M		-
XOMA Royalty	$710M		$57M
Oneness Biotech	$710M		-
BridgeBio Oncology	$698M		-
Knight Therapeutics	$696M		$351M
Omeros	$689M		$38M
Shattuck Labs	$689M		$444K
Zentiva	$687M		-
Immix Biopharma	$681M		-
SpyGlass Pharma	$681M		-
PYC Therapeutics	$679M		$7M
Gyre Therapeutics	$673M		$109M
Senores Pharmaceuticals	$670M		$73M
Achieve Life Sciences	$667M		-
Aarti Pharmalabs	$662M		-
Regenxbio	$661M		$208M
Tempo Scan Pacific	$649M		-
Zentiva	$647M		-
Ironwood Pharmaceuticals	$644M		$389M
MiMedx Group	$643M		$336M
Cormedix	$643M		$324M
Allogene Therapeutics	$637M		$3K
ARS Pharmaceuticals	$630M		$115M
Tectonic Therapeutic	$619M		-
Alkaloid	$618M		-
Crescent Biopharma	$615M		$6M
Guizhou Sanli	$612M		-
TTY Biopharm	$609M		$210M
Nuvectis Pharma	$600M		-
4D Molecular Therapeutics	$595M		$45M
Chong Kun Dang Pharma	$590M		$1.2B
Clarity Pharmaceuticals	$582M		-
Avalon Pharma	$574M		$134M
enGene	$572M		-
Agomab Therapeutics	$570M		-
Prime Medicine	$564M		$9M
Relmada Therapeutics	$556M		-
TransThera Sciences	$554M		-
Beximco Pharmaceuticals	$554M		$405M
Allergy Therapuetics	$553M		-
Altimmune	$548M		$22K
Chabiotech	$548M		-
Zura Bio	$541M		-
Eikon Therapeutics	$537M		-
Boiron	$535M		-
Arvinas	$533M		$189M
Verastem	$527M		$70M
Assembly Biosciences	$524M		$57M
Contineum Therapeutics	$520M		$4M
Nxera Pharma	$515M		$224M
Aquestive Therapeutics	$507M		$48M
Synmosa Biopharma	$501M		-
SanBio	$499M		$1M
Valneva	$497M		$186M
Guangzhou Innogen Pharma	$496M		$41M
TaiMed Biologics	$491M		-
2seventy bio	$490M		-
Rezolute	$490M		$174K
Artiva Biotherapeutics	$486M		-
Medigen Vaccine Biologics	$475M		$19M
Valerio Therapeutics	$473M		-
SK Chemicals	$465M		$1.8B
Cabaletta Bio	$460M		-
Prothena Corp.	$458M		$51M
Q32 Bio	$458M		$25M
YungShin Global Holding	$454M		-
Kyverna Therapeutics	$454M		-
PKU Healthcare	$453M		-
Lumosa Therapeutics	$451M		$4M
Ovid Therapeutics	$450M		$3M
Renata	$444M		$382M
Ocugen	$443M		$4M
Editas Medicine	$442M		$26M
Evommune	$440M		$8M
Ever Supreme Bio Technology	$439M		$33M
Sagimet Biosciences	$437M		-
Puma Biotechnology	$436M		$214M
Pharmicell	$436M		$95M
Novartis India	$435M		-
Zhejiang Shouxiangu	$429M		$95M
Swedencare	$427M		$299M
Avacta Group	$425M		$67K
C4 Therapeutics	$423M		$29M
Zota Health Care	$418M		$69M
Eupraxia Pharmaceuticals	$417M		-
Blau Farmacêutica	$416M		$359M
Kamada	$416M		$193M
TYK Medicines	$413M		-
Larimar Therapeutics	$409M		-
PureTech Health	$409M		$8M
Elite Pharmaceuticals	$408M		-
Benitec Biopharma	$408M		$2M
GlaxoSmithKline Pakistan	$406M		$242M
Recbio	$402M		$2M
Century Therapeutics	$401M		$48M
Boan Biotech	$401M		$114M
Emergent BioSolutions	$395M		$737M
Hyundai Bioscience	$393M		-
Autolus Therapeutics	$390M		$105M
Atea Pharmaceuticals	$390M		-
Enanta Pharmaceuticals	$390M		$67M
Sutro Biopharma	$381M		$70M
DiaMedica	$380M		-
Upstream Bio	$380M		$2M
Compass Therapeutics	$378M		($1M)
Abeona Therapeutics	$373M		$39M
AprilBio	$372M		$7M
Rocket Pharmaceuticals	$372M		$1M
Fennec Pharmaceuticals	$368M		$59M
Lexeo Therapeutics	$367M		-
Formycon	$364M		$63M
Probi	$362M		-
PegBio	$362M		-
Zentalis Pharma	$357M		-
Clinuvel Pharmaceuticals	$355M		$70M
Onconic Therapeutics	$350M		-
Akebia Therapeutics	$349M		$220M
X4 Pharmaceuticals	$349M		$21M
Organogenesis	$346M		$407M
Dong-A Socio Holdings	$344M		$1B
Polaris Group	$344M		-
Hansa Biopharma	$344M		$22M
Indaptus Therapeutics	$337M		-
Vicore Pharma Holding	$333M		$191K
Palisade Bio	$333M		-
Tanvex BioPharma	$332M		-
Fate Therapeutics	$330M		$6M
Cybin	$330M		-
Luzhu Biotech	$330M		$53M
Vanda Pharmaceuticals	$330M		$242M
ProKidney	$327M		$681K
Lyell Immunopharma	$323M		$23K
Prelude Therapeutics	$321M		$22M
Julphar	$321M		$301M
Antibiotice	$321M		-
Panacea Biotec	$314M		-
Animalcare Group	$309M		$124M
Dishman Carbogen Amics	$309M		-
Eledon Pharmaceuticals	$305M		-
Medy-Tox	$305M		$170M
Egetis Therapeutics	$305M		$26M
Foghorn Therapeutics	$302M		$29M
OmniAb	$302M		$25M
Newron Pharmaceuticals	$301M		$17M
Neumora Therapeutics	$299M		-
Veraxa Biotech	$297M		-
Biofarm	$294M		-
Amarin Corp	$293M		$194M
Sol-Gel Technologies	$291M		$9M
Bicycle Therapeutics	$290M		$45M
Duopharma Biotech	$289M		$244M
Macrogenics	$289M		$151M
Immuneering	$288M		-
Lineage Cell Therapeutics	$284M		$15M
Northwest Biotherapeutics	$280M		-
Racura Oncology	$280M		-
SAB Bio	$278M		-
Lavipharm	$278M		-
CytoDyn	$278M		-
Santhera Pharma	$277M		$107M
ALX Oncology	$276M		-
Jacobson Pharma	$276M		-
Ourofino	$271M		-
Abclon	$268M		-
Surrozen	$267M		$5M
Oryzon Genomics	$266M		$4M
Outlook Therapeutics	$266M		$13M
InflaRx	$265M		$12K
ProQR Therapeutics	$265M		$17M
Cellectis	$264M		$69M
Shanghai Hile Bio-Tech	$257M		-
Sai Parenteral's	$256M		-
SIGA Technologies	$256M		$79M
Galectin Therapeutics	$253M		-
Opus Genetics	$252M		$15M
Tetratherix	$251M		$5M
Entrada Therapeutics	$250M		$22M
Reig Jofré	$249M		$399M
Fulcrum Therapeutics	$245M		-
Circio Holding	$245M		-
Adagene	$243M		$8M
AFT Pharmaceuticals	$242M		$158M
Cartesian Therapeutics	$240M		$2M
Cuorips	$237M		$1M
Anavex Life Sciences	$236M		-
AIM Vaccine	$236M		$169M
AC Immune	$234M		$27M
Transgene	$233M		$9M
Acepodia	$233M		-
Agenus	$232M		$127M
Protara Therapeutics	$230M		-
Compugen	$229M		$38M
Coherus Oncology	$228M		$53M
Dong-A ST	$226M		$542M
Heartseed	$225M		$10M
Adimmune	$222M		-
Tiansheng Pharmaceutical	$219M		-
Greenwich LifeSciences	$215M		-
Celon Pharma	$214M		$69M
REPLOID Group	$214M		-
Medipost	$214M		-
Silence Therapeutics	$213M		$2M
Starpharma	$212M		-
Atrium Therapeutics	$211M		$19M
Keros Therapeutics	$209M		$110M
Medeze Group	$208M		$25M
Immunic	$206M		-
Huons Co	$202M		-
Savior Lifetec	$201M		-
Journey Medical	$201M		$73M
Invivyd	$200M		$59M
Precision BioSciences	$196M		$26M
BioVersys	$195M		$4M
Searle Co.	$195M		$138M
Whitehawk Therapeutics	$193M		$2M
NRX Pharmaceuticals	$191M		$8M
Protalix	$190M		$67M
Armata Pharmaceuticals	$189M		$3M
NervGen Pharma	$189M		-
Nextbiomedical Co	$189M		$13M
Voyager Therapeutics	$189M		$40M
Scancell	$188M		$365K
Saniona	$186M		-
Flerie	$185M		-
Nkarta	$184M		-
Tonix Pharmaceuticals	$184M		$25M
MediWound	$183M		$21M
Humacyte	$182M		$4M
AN2 Therapeutics	$179M		-
Tenaya Therapeutics	$179M		$6M
Karyopharm Therapeutics	$178M		$142M
Satellos Bioscience	$176M		-
Alpha Cognition	$173M		$17M
OnKure Therapeutics	$172M		$278K
Alector	$170M		$13M
Arcturus Therapeutics	$170M		$45M
Corbus Pharmaceuticals	$166M		$927K
Equillium	$166M		-
IMBiologics	$165M		$8M
Camp4 Therapeutics	$165M		$5M
Oramed Pharmaceuticals	$164M		$888K
Karolinska Development	$163M		-
Panion & Bf Biotech	$163M		-
Caribou Biosciences	$163M		$19M
LENZ Therapeutics	$162M		$19M
ADC Therapeutics	$162M		$81M
Acumen Pharmaceuticals	$161M		-
Innate Pharma	$161M		$18M
Biomm	$159M		-
Mycenax Biotech	$157M		$269M
Mayne Pharma Group	$156M		$280M
Unicycive	$156M		$2M
BioInvent International	$156M		$21M
PhotoCure	$155M		$63M
Milestone Pharmaceuticals	$153M		$4M
Assertio Therapeutics	$152M		$118M
Jagsonpal Pharma	$151M		-
Cereno Scientific	$150M		-
Vytrus Biotech	$149M		-
Molecular Partners	$148M		-
Semnur Pharmaceuticals	$147M		-
Hyloris Pharmaceuticals	$147M		$13M
Curatis Holding	$147M		-
PepGen	$146M		-
S Biomedics	$146M		$11M
Sensorion	$146M		$17M
Mersana Therapeutics	$145M		-
Genetic Technologies	$145M		-
Cardiol Therapeutics	$145M		-
Bioxyne	$144M		$50M
TuHURA Biosciences	$142M		-
Pyxis Oncology	$142M		$6M
Cue Biopharma	$141M		$19M
Connect Biopharma	$139M		$3M
Hamlet BioPharma	$138M		-
Binex	$138M		$122M
Orthocell	$136M		$10M
Kotra Industries	$135M		-
Zhengye Biotechnology	$135M		-
Bioceltix	$135M		$6M
Pyridam Farma	$134M		-
Aardvark Therapeutics	$133M		-
Heidelberg Pharma	$131M		$8M
Genelux	$130M		$4K
vTv Therapeutics	$130M		$21M
Tiziana Life Sciences	$129M		-
ProMIS Neurosciences	$127M		-
Captor Therapeutics	$126M		$6M
BGM Group	$126M		-
Guerbet	$125M		$880M
Easywell Biomedicals	$124M		-
Orient Europharma Co	$124M		-
Fractyl Health	$122M		-
Anixa Biosciences	$121M		-
Naturland Holding	$119M		-
Biosyent	$118M		$41M
Cumberland	$117M		-
Fortress Biotech	$117M		$73M
Polaryx Therapeutics	$116M		-
StemRIM	$115M		-
Lixte Biotechnology	$112M		-
SynAct Pharma	$112M		-
Medivir	$112M		$767K
Faron Pharmaceuticals	$109M		$168K
Black Diamond Therapeutics	$107M		$35M
Cassava Sciences	$107M		-
Coya Therapeutics	$107M		$5M
Actinogen Medical	$107M		-
Aldeyra Therapeutics	$106M		$695K
China SXT Pharmaceuticals	$102M		-
Oncolytics Biotech	$102M		-
ImmuCell	$101M		-
Kanaph Therapeutics	$100M		-
Darya-Varia Laboratoria	$99M		-
Nyrada	$99M		-
Ensol Biosciences	$97M		-
Biomea Fusion	$97M		-
Dimerix	$97M		$5M
Entera Bio	$97M		$19K
Kalaris Therapeutics	$96M		-
Prestige Biologics	$94M		-
Eurofins-Cerep	$94M		-
Verrica Pharmaceuticals	$93M		$30M
Nykode Therapeutics	$92M		$67K
IBT	$92M		-
Vistin Pharma	$92M		-
Ryvu Therapeutics	$91M		$31M
Inovio Pharmaceuticals	$91M		$400K
Heron Therapeutics	$90M		$161M
Rallybio	$90M		-
Cognition Therapeutics	$89M		-
Shield Therapeutics	$89M		$63M
Abionyx Pharma	$89M		$5M
Zomedica	$87M		$32M
Bioton	$87M		-
NeOnc	$87M		$18K
Island Pharmaceuticals	$86M		-
Adocia	$86M		$14M
AlzeCure Pharma	$85M		-
OSE Immunotherapeutics	$85M		$6M
Laboratorios Richmond	$84M		-
Alterity Therapeutics	$84M		$3M
Elicio Therapeutics	$81M		-
Spero Therapeutics	$80M		$67M
Gain Therapeutics	$79M		-
Genenta Science	$79M		-
Eco Animal Health Group	$78M		$119M
Rani Therapeutics	$78M		$3M
Atara Biotherapeutics	$78M		$55M
Recce Pharmaceuticals	$78M		$3M
Enlivex	$77M		-
Rein Therapeutics	$76M		-
OKYO Pharma	$76M		-
Adicet Bio	$76M		-
Agronomics	$76M		-
Gossamer Bio	$75M		$42M
Telomir Pharmaceuticals	$75M		-
Acrivon Therapeutics	$75M		-
Annovis Bio	$74M		-
RaQualia Pharma	$74M		$26M
XSpray Pharma	$74M		$6M
Replek	$73M		-
PolyPid	$72M		-
Nanexa	$71M		-
PMV Pharma	$70M		-
HAEMATO	$70M		-
Lytix Biopharma	$70M		$1M
Paradigm Biopharma	$69M		-
XBiotech	$68M		-
Pliant Therapeutics	$68M		-
Cantourage Group	$68M		$113M
BioStem Technologies	$68M		$37M
ImageneBio	$68M		$355K
3D Medicines	$67M		-
MediciNova	$66M		$346K
Cardiff Oncology	$66M		$399K
Dicot Pharma	$65M		-
Dongkoo Bio&Pharma Co	$65M		-
Oncopeptides	$64M		$12M
Labiana Health	$64M		$91M
EQL Pharma	$63M		$48M
Vaxcell-Bio	$63M		-
LTR Pharma	$62M		-
Pentixapharm Holding	$62M		-
TScan Therapeutics	$61M		$9M
THX Pharma	$61M		$8M
Prescient Therapeutics	$60M		-
Procaps Group	$58M		-
Context Therapeutics	$58M		-
Xilio Therapeutics	$57M		$39M
Corestemchemon	$57M		-
Cinclus Pharma Holding	$57M		$8M
Avecho Biotechnology	$57M		$2M
Orexo	$57M		$2M
Maat Pharma	$56M		$8M
Scilex Holding	$56M		-
MiNK Therapeutics	$56M		-
Boundless Bio	$56M		-
Arovella Therapeutics	$55M		-
Kezar Life Sciences	$54M		-
Citius Oncology	$53M		$17M
INmune Bio	$52M		$22K
K Pharma	$52M		-
BeyondSpring	$52M		-
Seres Therapeutics	$51M		$7M
Cessatech	$51M		-
Intercure	$51M		-
Immutep	$51M		$9M
Amplia Therapeutics	$50M		$4M
Instil Bio	$49M		-
Mereo BioPharma Group	$49M		$2M
Corline Biomedical	$48M		$3M
aTyr Pharma	$48M		$84K
Herantis Pharma	$48M		-
Dogwood Therapeutics	$47M		-
Vicapsys	$47M		-
AB Science	$47M		$1M
Cantargia	$47M		$16M
Botanix Pharmaceuticals	$46M		$26M
Moberg Pharma	$45M		$2M
PDS Biotechnology	$43M		-
HLB Global	$42M		-
Synthaverse	$41M		$12M
Vivoryon Therapeutics	$41M		-
Nicox	$41M		$12M
Mendus	$41M		$483K
Intervacc	$40M		$2M
RenovoRx	$40M		$2M
SCYNEXIS	$40M		$10M
Grace Therapeutics	$40M		-
Oncoinvent	$39M		$3M
Mira Pharmaceuticals	$39M		-
Sprint Bioscience	$39M		$13M
Incannex	$39M		-
Molecure	$38M		$7M
Lantern Pharma	$38M		-
J. Molner	$38M		-
Veru	$38M		-
FibroGen	$36M		-
Generation Bio	$36M		-
Jiangsu Wuzhong Pharmaceutical	$35M		-
Neurizon Therapeutics	$35M		-
Estrella Immunopharma	$34M		-
Prism Biolab	$34M		$4M
Aligos Therapeutics	$34M		$18M
Poltreg	$34M		$2M
Imugene	$33M		$1M
Actuate Therapeutics	$32M		-
Lipum	$32M		-
Spirit Scientific Co	$32M		-
Mabion	$32M		$6M
Radiopharm Theranostics	$31M		$2M
Medical Developments International	$31M		$30M
Sangamo Therapeutics	$31M		$40M
MindMaze Therapeutics	$31M		$4M
VYNE Therapeutics	$30M		-
Türk İlaç	$29M		-
Nanogroup	$28M		-
BioXcel Therapeutics	$28M		$1M
TAO Synergies	$27M		-
Tvardi Therapeutics	$27M		-
Jasper Therapeutics	$26M		-
Oncocross	$26M		-
NeuroSense Therapeutics	$25M		-
Evaxion	$25M		$6M
Barinthus Biotherapeutics	$25M		-
Isofol Medical	$25M		-
Advicenne	$24M		$7M
Atossa Therapeutics	$24M		-
SoftOx Solutions	$24M		-
Celularity	$23M		-
SyntekaBio	$23M		-
Medicenna Therapeutics	$23M		-
Arterra Bioscience	$23M		$7M
Skye Bioscience	$22M		-
Gensight Biologics	$22M		$7M
Marker Therapeutics	$21M		$3M
Pluri	$21M		-
Xbrane Biopharma	$21M		$18M
NextCure	$21M		-
Cellectar Biosciences	$21M		-
Holista CollTech	$21M		-
Lisata Therapeutics	$20M		$44K
Klaria Pharma Holding	$20M		-
Modalis Therapeutics	$20M		-
Longeveron	$19M		$1M
Quantum BioPharma	$19M		-
DexTech Medical	$19M		-
Dare Bioscience	$19M		$2M
Quince Therapeutics	$18M		-
Lipocine	$18M		$1M
Elicera Therapeutics	$18M		-
Abera Bioscience	$18M		-
Werewolf Therapeutics	$18M		-
Noxopharm	$18M		-
Tevogen Bio	$17M		-
Biotechnology Assets	$17M		-
Patrys	$17M		-
Diamyd Medical	$17M		-
Neuroscientific	$17M		-
Xintela	$17M		$750K
Pharma Equity Group	$16M		-
Initiator Pharma	$16M		-
Akari Therapeutics	$16M		-
Aelis Farma	$16M		$2M
Tempest Therapeutics	$16M		-
Biofrontera	$16M		-
Passage Bio	$16M		-
Citius Pharmaceuticals	$15M		$18M
Scienture Holdings	$15M		$3M
AcuCort	$15M		$77K
Pasithea Therapeutics	$15M		-
Active Biotech	$14M		-
Poxel	$14M		-
Celyad Oncology	$14M		-
Medicon Hellas	$14M		-
Kala Bio	$14M		-
Alzinova	$14M		$2M
Lexaria Bioscience	$14M		$95K
Biogened	$14M		-
Marinomed Biotech	$13M		-
Opsy Holding	$13M		-
Argenica Therapeutics	$13M		$4M
BioLineRx	$13M		$2M
Alligator Bioscience	$13M		-
OncoZenge	$13M		$419K
Opthea	$12M		$48K
Anebulo Pharmaceuticals	$12M		-
NextCell Pharma	$12M		$1M
IRLAB Therapeutics	$12M		$9M
NFL Biosciences	$12M		-
Viropro	$12M		-
Intensity Therapeutics	$12M		-
Psyence Biomedical	$12M		-
CalciMedica	$11M		-
Aton	$11M		-
Chemomab Therapeutics	$11M		-
Neurothera Labs	$10M		-
Vivesto	$10M		-
Vistagen Therapeutics	$10M		$1M
Apimeds Pharmaceuticals	$10M		-
Spago Nanomedical	$9M		-
Curis	$9M		$5M
Annexin Pharmaceuticals	$9M		$4M
Immuron	$9M		$5M
Coegin Pharm	$9M		-
Sedania Innovator	$9M		-
Wellgistics Health	$9M		-
Synlogic	$8M		-
InMed Pharmaceuticals	$8M		-
MetaVia	$8M		-
Jupiter Neurosciences	$8M		-
Liminatus Pharma	$8M		-
Newbury Pharmaceuticals	$8M		-
Cambium Bio	$8M		-
Bolt Biotherapeutics	$8M		$4M
Exact Therapeutics	$8M		-
Addex Therapeutics	$8M		-
Medicofarma Biotech	$7M		-
Chosa Oncology	$7M		-
Ascelia Pharma	$7M		$3M
Pure Biologics	$7M		-
Oncodesign Precision Medicine	$7M		$306K
Stenocare	$7M		$1M
PharmaCyte Biotech	$7M		-
Gelteq	$7M		-
Acurx Pharmaceuticals	$6M		-
TME Pharma	$6M		-
XTL Biopharmaceuticals	$6M		-
Tricida	$6M		-
BioAtla	$6M		-
Pila Pharma	$6M		-
Reviva Pharmaceuticals	$6M		-
Modus Therapeutics	$5M		-
HCW Biologics	$5M		$4M
Biomind Labs	$5M		-
Geovax Labs	$5M		$1M
RA Williams Distributors	$5M		-
Genxone	$5M		-
Bio Green Med Solution	$5M		-
ODI Pharma	$5M		-
FibroBiologics	$5M		-
Abattis Bioceuticals	$5M		-
Instituto Rosenbusch	$5M		-
Strategic Partners	$4M		-
Reboost Blockchain	$4M		-
JFL Life Sciences	$4M		-
Cannabis Poland	$4M		-
Institute of Biomedical	$3M		-
Guard Therapeutics	$3M		-
Propanc Biopharma	$3M		-
Invion	$3M		-
Double Bond	$3M		-
CASI Pharmaceuticals	$3M		-
Futura Medical	$3M		$2M
Magle Chemoswed Holding	$3M		$30M
Incanthera	$3M		-
Respiratorius	$2M		-
Redwood Scientific Technologies	$2M		-
Cynata Therapeutics	$2M		$2M
PharmaLundensis	$2M		-
Biophytis	$2M		$2M
Gabather	$2M		-
Matinas BioPharma Hldgs	$2M		-
Aptahem	$2M		-
Chimeric Therapeutics	$2M		-
Iterum Therapeutics	$2M		$800K
Nextgen Biomed	$2M		-
Biosergen	$2M		-
Biosenic	$1M		-
ExpreS2ion Biotech	$1M		-
Stayble Therapeutics	$1M		-
Clearside Biomedical	$1M		-
Scinai Immunotherapeutics	$1M		-
Cannovum Cannabis	$1M		-
GeNeuro	$1M		-
Aion Therapeutic	$994K		-
Pharmadrug	$954K		-
RAMM Pharma	$848K		-
Nidhogg Resources Holding	$471K		-
Oxurion	$386K		-
Lidds	$371K		-
Altamira Therapeutics	$343K		-
QUIA PHARMA	$305K		-
PCI Biotech Holding	$292K		-
bioXXmed	$264K		-
IO Biotech	$223K		-
Lipigon Pharmaceuticals	$138K		-
DanCann Pharma	$90K		-
Adynxx	$87K		-
Scorpius Holdings	$73K		-
Itoco	$41K		-
Easton Pharmaceuticals	$27K		-
Filament Health	$26K		-
Neovacs	$0K		-
Candid Therapeutics	-		-
Akero Therapeutics	-		-
Korsana Biosciences	-		-
Obsidian Therapeutics	-		-
Mural Oncology	-		-
Relief Therapeutics	-		-
Adverum Biotechnologies	-		-
AtaiBeckley	-		-
Avidity Biosciences	-		-
Indivior	-		-
GridAI Technologies	-		-
OrthoCellix	-		-