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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 Merck.

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Biopharmaceuticals

Viewing 25 of 1137 companies with full data

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
Eli Lilly	$1.1T	$1.2T	$84B	13.7x	29.4x
Johnson & Johnson	$612B	$640B	$100B	6.4x	17.5x
AbbVie	$500B	$564B	$66B	8.5x	18.2x
Roche	$368B	$400B	$77B	5.2x	13.0x
Merck	$354B	$401B	$67B	6.0x	21.9x
Novartis	$286B	$327B	$57B	5.8x	14.0x
AstraZeneca	$257B	$285B	$62B	4.6x	12.8x
Amgen	$230B	$273B	$39B	7.1x	15.6x
Gilead Sciences	$190B	$213B	$30B	7.0x	40.8x
Novo Nordisk	$170B	$184B	$46B	4.0x	8.3x
Pfizer	$168B	$220B	$62B	3.5x	9.5x
Vertex Pharmaceuticals	$127B	$121B	$13B	9.3x	21.5x
Bristol-Myers Squibb	$120B	$154B	$50B	3.1x	8.5x
GSK	$100B	$119B	$45B	2.6x	7.8x
Sanofi	$97B	$117B	$55B	2.1x	7.0x
Moderna	$91B	$87B	$2.1B	41.9x	(27.3x)
Regeneron	$81B	$75B	$17B	4.4x	11.2x
Merck KGaA	$71B	$81B	$24B	3.4x	11.7x
Chugai Pharma	$66B	$60B	$8.6B	7.0x	13.3x
CSL	$65B	$76B	$16B	4.8x	14.5x
Takeda Pharmaceuticals	$63B	$91B	$29B	3.1x	12.3x
Lonza Group	$52B	$56B	$8.6B	6.6x	19.8x
argenx	$52B	$47B	$5.8B	8.0x	25.7x
Bayer	$49B	$87B	$52B	1.7x	7.9x
Teva Pharmaceuticals	$49B	$61B	$17B	3.7x	13.8x
Jiangsu Hengrui Pharma	$46B		$4.9B
Sun Pharma	$44B		$6.5B
UCB	$44B		$9.6B
BeOne Medicines	$43B		$6.5B
Otsuka Holdings	$41B		$17B
Sandoz	$40B		$12B
Revolution Medicines	$39B		$159M
Biogen	$34B		$10B
Celltrion	$34B		$3.9B
Zoetis	$33B		$9.3B
Daiichi Sankyo	$32B		$14B
Alnylam Pharmaceuticals	$31B		$5.1B
Astellas Pharma	$27B		$14B
Royalty Pharma	$27B		$3.5B
Roivant Sciences	$25B		$33M
Hansoh Pharma	$24B		$2.5B
Genmab	$23B		$4.3B
United Therapeutics	$23B		$3.2B
Incyte	$23B		$5.8B
BioNTech	$22B		$2.3B
Viatris	$21B		$15B
Insmed	$21B		$1.6B
Innovent Biologics	$20B		$2.6B
Torrent Pharmaceuticals	$18B		$1.8B
Shionogi	$16B		$3.9B
Exelixis	$16B		$2.5B
Sobi	$15B		$3.3B
Ascendis Pharma	$15B		$1.4B
PharmaEssentia	$15B		$798M
Sichuan Biokin	$15B		$341M
Yunnan Baiyao Group	$14B		$6.3B
Neurocrine Biosciences	$14B		$3.7B
Halozyme Therapeutics	$14B		$1.8B
Orion	$14B		$2.3B
Ipsen	$14B		$4.9B
Kelun-Biotech	$14B		$372M
Jazz Pharmaceuticals	$14B		$4.6B
BridgeBio Pharma	$13B		$928M
Baxter International	$13B		$12B
CSPC Pharma Group	$13B		$4.7B
Alteogen	$12B		$326M
Summit Therapeutics	$12B		$3M
Recordati	$12B		$3.1B
Corcept Therapeutics	$12B		$1B
Wuxi XDC	$12B		$1.2B
Sino Biopharmaceutical	$12B		$5.3B
Laurus Labs	$12B		$807M
Elanco	$12B		$5.1B
Zydus Lifesciences	$12B		$3.1B
Zhangzhou Pientzehuang	$11B		$1.3B
Cipla	$11B		$3.1B
Dr Reddy's Laboratories	$11B		$3.6B
Akeso	$11B		$632M
BioMarin Pharmaceutical	$11B		$3.8B
Madrigal Pharmaceuticals	$10B		$1.4B
Vaxcyte	$10B		-
Kelun	$10B		$2.9B
Aurobindo Pharma	$9.8B		$3.9B
Mankind Pharma	$9.8B		$1.6B
Haisco Pharmaceutical	$9.8B		$917M
Krystal Biotech	$9.5B		$476M
Lupin	$9.4B		$3.1B
Kymera Therapeutics	$9B		$92M
ImmunityBio	$8.9B		$204M
Eisai Co.	$8.8B		$5.5B
Cytokinetics	$8.7B		$140M
Krka	$8.7B		$2.4B
Protagonist Therapeutics	$8.7B		$445M
Financiere de Tubize	$8.7B		-
Caris Life Sciences	$8.7B		$987M
Fosun Pharma	$8.5B		$6.3B
TG Therapeutics	$8.2B		$892M
Axsome Therapeutics	$8.2B		$889M
NewMarket	$8.1B		$2.7B
Arrowhead Pharmaceuticals	$8.1B		$457M
Spyre Therapeutics	$7.9B		-
ALK	$7.9B		$1.1B
Abivax	$7.7B		$5M
Kyowa Kirin	$7.7B		$3.3B
Bachem	$7.6B		$1.1B
Ionis Pharmaceuticals	$7.4B		$926M
Praxis Precision Medicines	$7.3B		$743K
Ono Pharmaceutical	$7.2B		$3.1B
Alkermes	$7.2B		$1.8B
Gedeon Richter	$7.1B		$2.9B
RemeGen	$7.1B		$1B
Lundbeck	$7B		$3.9B
Huadong Medicine	$7B		$6.6B
Grifols	$6.8B		$8.6B
Amneal Pharmaceuticals	$6.7B		$3.1B
Glenmark Pharma	$6.6B		$1.8B
China Resources Sanjiu	$6.5B		$4.9B
Samsung Bioepis	$6.5B		$1.4B
Iovance Biotherapeutics	$6.4B		$385M
Alkem Laboratories	$6.3B		$1.7B
Sumitomo Chemical	$6.3B		$15B
Kiniksa Pharmaceuticals	$6.2B		$932M
Gan and Lee	$6.1B		$708M
Rhythm Pharmaceuticals	$6.1B		$294M
Belite Bio	$5.9B		-
Ligand Pharmaceuticals	$5.9B		$285M
Biocon	$5.9B		$1.9B
Abbott India	$5.8B		$761M
Kodiak Sciences	$5.7B		-
Immunovant	$5.7B		-
Shanghai Allist	$5.6B		$976M
Mirum Pharmaceuticals	$5.3B		$663M
CG Oncology	$5.3B		$4M
Sumitomo Pharma	$5.3B		$3.3B
Salubris Pharmaceuticals	$5.3B		$763M
Gland Pharma	$5.3B		$734M
Cogent Biosciences	$5.2B		$5M
Beijing Tongrentang	$5.2B		$2.5B
Apotex Health	$5.2B		$2.5B
PTC Therapeutics	$5.1B		$1.4B
Veradermics	$5.1B		-
Regencell Bioscience	$5B		-
Oruka Therapeutics	$4.9B		-
Scholar Rock	$4.9B		$4M
Yuhan	$4.9B		$1.7B
Ipca Laboratories	$4.9B		$1.1B
CRISPR Therapeutics	$4.8B		$33M
Shanghai RAAS	$4.8B		-
Anthem Biosciences	$4.8B		$246M
Dong-E-E-Jiao	$4.8B		$1.1B
Erasca	$4.8B		-
Travere Therapeutics	$4.8B		$677M
Wantai BioPharm	$4.7B		-
Humanwell Healthcare	$4.7B		-
Hikma Pharmaceuticals	$4.6B		$3.4B
3SBio	$4.6B		$1.6B
Dottikon ES Holding	$4.5B		$551M
SK Biopharmaceuticals	$4.5B		$683M
Chongqing Zhifei	$4.5B		$1.2B
GSK India	$4.4B		$426M
Ajanta Pharma	$4.3B		$622M
Changchun High-Tech	$4.2B		$1.8B
Dianthus Therapeutics	$4.2B		$2M
Aspen Pharmacare	$4.1B		$2.2B
Edgewise Therapeutics	$4.1B		-
Zelgen Biopharmaceuticals	$4B		$239M
Tianjin Pharma	$4B		-
Arcutis Biotherapeutics	$4B		$507M
Indivior Pharmaceuticals	$4B		$1.3B
Tango Therapeutics	$4B		$12M
Shanghai Junshi	$4B		$473M
Camurus	$3.9B		$280M
Shijiazhuang Yiling	$3.8B		$1.2B
Apeloa Pharmaceutical	$3.7B		$1.5B
Relay Therapeutics	$3.7B		$12M
Zhejiang Huahai	$3.7B		$1.4B
Beijing Tiantan	$3.7B		$855M
Hanmi Pharm	$3.7B		$1.3B
Hubei Jumpcan	$3.7B		$910M
Samchundang Pharm	$3.7B		-
CR Pharmaceutical	$3.7B		$41B
Caliway Biopharmaceuticals	$3.6B		-
Hypera	$3.6B		$1.8B
Legend Biotech	$3.6B		$1.4B
Organon	$3.6B		$6.2B
Simcere Pharmaceutical Group	$3.6B		$1.4B
Hualan Biological Engineering	$3.6B		$644M
Henlius Biotech	$3.6B		$1.1B
Emcure Pharmaceuticals	$3.5B		$1B
Santen Pharmaceutical	$3.5B		$1.9B
Amylyx Pharmaceuticals	$3.4B		-
ACADIA Pharmaceuticals	$3.4B		$1.2B
InnoCare Pharma	$3.4B		$375M
Xenon Pharmaceuticals	$3.4B		$3M
Laboratorios Rovi	$3.3B		$871M
Jiangsu Nhwa	$3.3B		$952M
Wockhardt	$3.3B		-
IDEAYA Biosciences	$3.3B		$75M
BB Biotech	$3.3B		-
Tarsus Pharmaceuticals	$3.3B		$669M
Livzon Pharmaceutical Group	$3.2B		$1.6B
Tasly	$3.2B		$1.3B
Viking Therapeutics	$3.2B		-
Virbac	$3.2B		$1.7B
China Medical System	$3.2B		$1.4B
Parabilis Medicines	$3.1B		-
Jilin Aodong	$3.1B		$487M
Walvax Biotechnology	$3.1B		$295M
Liquidia	$3.1B		$607M
Disc Medicine	$3B		-
Denali Therapeutics	$2.9B		$31M
InSilico Medicine Cayman	$2.9B		-
Amoytop Biotech	$2.9B		$657M
Dyne Therapeutics	$2.8B		-
Enliven Therapeutics	$2.8B		-
Arcus Biosciences	$2.8B		$108M
Sunshine Lake Pharma	$2.8B		-
Celcuity	$2.8B		$18M
Joincare Pharmaceutical	$2.8B		$2.3B
AtaiBeckley	$2.7B		$3M
Nurix Therapeutics	$2.7B		$615M
Kanghong Pharmaceutical	$2.7B		$688M
Kangmei Pharmaceutical Co.	$2.7B		-
Bavarian Nordic	$2.7B		$887M
Betta Pharmaceuticals	$2.7B		$597M
Hebei Changshan	$2.6B		-
Yili Chuannig Biotech	$2.6B		$662M
Neuland Laboratories	$2.6B		$234M
BioArctic	$2.6B		$152M
China Res Double-Crane	$2.6B		$1.7B
MBX Biosciences	$2.5B		-
HUTCHMED (China)	$2.5B		$610M
Beam Therapeutics	$2.5B		$69M
ADMA Biologics	$2.5B		$530M
NewAmsterdam Pharma	$2.4B		$29M
Almirall	$2.4B		$1.4B
ACROBiosystems	$2.4B		$153M
Precigen	$2.4B		$194M
Bausch Health	$2.4B		$11B
Viridian Therapeutics	$2.4B		$34M
Buchang Pharma	$2.3B		-
Celldex Therapeutics	$2.3B		$2M
Granules India	$2.3B		$622M
Sinocelltech Group	$2.3B		$228M
Supernus Pharmaceuticals	$2.3B		$846M
Jamjoom Pharma	$2.3B		$431M
Zealand Pharma	$2.2B		$857M
Aurinia Pharmaceuticals	$2.2B		$321M
Harmony Biosciences	$2.2B		$998M
SK Bioscience	$2.2B		$505M
Dermapharm Holding	$2.1B		$1.4B
SELLAS Life Sciences	$2.1B		-
Pharvaris	$2.1B		-
Agios Pharmaceuticals	$2.1B		$154M
Vera Therapeutics	$2.1B		$20M
BioKangtai	$2.1B		$401M
Vericel	$2.1B		$324M
BioCryst Pharma	$2.1B		$743M
Grand Pharmaceutical	$2B		$1.6B
Brightgene Bio-medical	$2B		$202M
Jinyu Bio-Technology Co.	$2B		$236M
Anhui Anke Biotechnology	$2B		$398M
Xeris Biopharma	$2B		$369M
Immunome	$2B		$2M
Duality Biotherapeutics	$2B		$199M
LigaChem Biosciences	$2B		$105M
ABL Bio	$2B		$65M
Nanjing King-Friend	$2B		$629M
Lakefront Biotherapeutics	$1.9B		$283M
Recursion Pharmaceuticals	$1.9B		$50M
Adarx Pharmaceuticals	$1.9B		-
Sarepta Therapeutics	$1.9B		$1.9B
Hepalink	$1.9B		$760M
Mineralys Therapeutics	$1.8B		-
Cohance Lifesciences	$1.8B		$241M
Pfizer India	$1.8B		$273M
Zymeworks	$1.8B		$258M
Jafron Biomedical	$1.8B		$313M
United Laboratories International	$1.8B		$1.9B
Voronoi	$1.8B		$5M
Guobang Pharma	$1.8B		$955M
Caplin Point Laboratories	$1.8B		$248M
Tsumura	$1.8B		$1.3B
Alvotech	$1.8B		$616M
Novavax	$1.8B		$525M
Palvella Therapeutics	$1.8B		-
Peptron	$1.8B		-
Zenas BioPharma	$1.7B		$10M
Neuren Pharma	$1.7B		$77M
Vir Biotechnology	$1.7B		$210M
Xencor	$1.7B		$140M
Biohaven	$1.7B		$86M
Hualan Biological Vaccine	$1.7B		$202M
Septerna	$1.7B		$86M
Trevi Therapeutics	$1.7B		-
Yifan Pharmaceutical	$1.7B		$778M
Cheezheng Tibetan Medicine	$1.7B		-
UroGen Pharma	$1.7B		$280M
OneSource Specialty	$1.7B		$198M
ANI Pharmaceuticals	$1.7B		$1.1B
Hanall Biopharma	$1.7B		$125M
Maze Therapeutics	$1.7B		$16M
Eris Lifesciences	$1.6B		$350M
Kalbe Farma	$1.6B		$2.1B
Faes Farma	$1.6B		$826M
Alembic Pharmaceuticals	$1.6B		$835M
Bora Pharmaceuticals	$1.6B		$688M
Intellia Therapeutics	$1.6B		$54M
Generate Biomedicines	$1.6B		$30M
Stoke Therapeutics	$1.6B		$62M
Mesoblast	$1.6B		$145M
Phibro Animal Health	$1.6B		$1.5B
AstraZeneca Pharma India	$1.6B		-
Yantai Dongcheng	$1.6B		$408M
Square Pharma	$1.6B		$702M
Nuvation Bio	$1.6B		$170M
Structure Therapeutics	$1.6B		$33M
Jubilant Pharmova	$1.6B		$931M
Natco Pharma	$1.6B		$380M
uniQure	$1.5B		$22M
Immunocore Holdings	$1.5B		$442M
Innoviva	$1.5B		$443M
Hugel	$1.5B		$362M
Hemab Therapeutics	$1.5B		-
Zhejiang Wolwo Bio-Pharma	$1.5B		$155M
Ultragenyx	$1.5B		$736M
Kailera Therapeutics	$1.5B		-
AnaptysBio	$1.5B		$203M
Mabwell	$1.5B		$125M
Absci	$1.5B		$4M
Nippon Shinyaku	$1.5B		$1.2B
Everest Medicines	$1.5B		$443M
Pacira BioSciences	$1.5B		$749M
Marksans Pharma	$1.4B		$346M
Lotus Pharmaceutical	$1.4B		$1B
D&D Pharmatech	$1.4B		$8M
Concord Biotech	$1.4B		$125M
Ascentage Pharma Group	$1.4B		$108M
Eton Pharmaceuticals	$1.4B		$135M
Zhejiang Jolly	$1.4B		$536M
Mezzion Pharma	$1.4B		-
Ocular Therapeutix	$1.4B		$53M
Pacific Shuanglin	$1.4B		-
Rapport Therapeutics	$1.4B		$16M
Idorsia	$1.4B		$274M
Freenome	$1.4B		-
Tyra Biosciences	$1.3B		-
Pharma Mar	$1.3B		$242M
Celltrion Pharm	$1.3B		-
Sinopep	$1.3B		-
Inhibrx Biosciences	$1.3B		$256K
ORIC Pharmaceuticals	$1.3B		-
InventisBio	$1.3B		$17M
First Tracks Biotherapeutics	$1.3B		-
Taysha GTx	$1.3B		$3M
Chongqing Genrix	$1.3B		$34M
Liaoning Chengda Biotech	$1.3B		$204M
GH Research	$1.3B		-
LB Pharmaceuticals	$1.3B		-
Nektar Therapeutics	$1.3B		$44M
PYC Therapeutics	$1.2B		$10M
Kardigan	$1.2B		-
Chengdu Easton	$1.2B		$208M
Sawai Group Holdings	$1.2B		$1.3B
OPKO Health	$1.2B		$577M
Damora Therapeutics	$1.2B		-
GNI Group	$1.2B		$251M
Omeros	$1.2B		$102M
BeBetter Med	$1.2B		-
Syndax	$1.2B		$286M
Silence Therapeutics	$1.2B		$462K
Uniphar	$1.2B		$3.6B
Jiangxi Fushine Pharma	$1.2B		$303M
Bicara Therapeutics	$1.2B		-
Akums Drugs and Pharma	$1.1B		$496M
SOTHEMA	$1.1B		$376M
TOWA Pharmaceutical	$1.1B		$1.8B
Amphastar Pharma	$1.1B		$742M
Oscotec	$1.1B		$61M
Nanobiotix	$1.1B		$31M
Ribolia	$1.1B		$59M
HBM Holdings	$1.1B		$223M
Guilin Sanjin	$1.1B		-
Immatics	$1.1B		$45M
Cosmo	$1.1B		$120M
Vor Biopharma	$1.1B		-
Bio-Thera Solutions	$1.1B		-
Replimune Group	$1B		$23M
Harrow	$1B		$335M
MedinCell	$1B		$34M
GuangYuYuan Chinese	$1B		-
Avalyn Pharma	$1B		-
Star Lake Bioscience	$1B		$2.2B
Janux Therapeutics	$1B		$26M
Vetoquinol	$1B		$594M
Basilea Pharmaceutica	$1B		$317M
Blue Jet Healthcare	$1B		$113M
CStone Pharmaceuticals	$1B		$59M
SSY Group	$1B		-
Kissei Pharmaceutical	$1B		$596M
Changchun BCHT	$1B		$89M
Strides Pharma	$1B		$556M
MannKind	$992M		$422M
Chengdu Kanghua	$988M		$185M
TchaikaPharma	$985M		-
Philogen	$979M		$145M
Kolon TissueGene	$976M		$4M
Savara	$954M		$2M
Seaport Therapeutics	$952M		-
Latigo Biotherapeutics	$952M		-
Zhejiang Ausun	$941M		$130M
Daewoong Pharmaceutical	$930M		$1.2B
SPIMACO - ADDWAEIH	$929M		$475M
Kaken Pharmaceutical	$912M		$514M
Monte Rosa Therapeutics	$910M		$80M
MeiraGTx	$908M		$287M
Cullinan Therapeutics	$900M		$10M
Alto Neuroscience	$896M		-
ArriVent BioPharma	$886M		-
Jade Biosciences	$880M		-
Rigel Pharmaceuticals	$874M		$303M
Odyssey Therapeutics	$870M		$591K
PeptiDream	$853M		$208M
Mega Lifesciences	$852M		$438M
Aktis Oncology	$840M		$14M
Kura Oncology	$832M		$88M
Keqian Biology	$830M		$137M
MoonLake	$830M		-
Youcare Pharmaceutical	$829M		-
SpyGlass Pharma	$827M		-
Alumis	$821M		$10M
Corvus Pharma	$812M		-
Lepu Biopharma	$809M		$135M
Aarti Pharmalabs	$797M		-
Ardelyx	$797M		$472M
Knight Therapeutics	$787M		$379M
Verastem	$779M		$97M
China TCM	$776M		$1.8B
Helus Pharma	$774M		-
Geron	$768M		$226M
HK inno.N	$763M		$801M
Annexon	$760M		-
Collegium Pharmaceutical	$749M		$823M
Supriya Lifescience	$742M		$96M
Obsidian Therapeutics	$734M		-
Inventiva	$726M		$4M
Eczacıbaşı İlaç	$718M		-
Oneness Biotech	$717M		$4M
Nxera Pharma	$703M		$244M
Sanofi India	$700M		$204M
Prime Medicine	$695M		$8M
Apnimed	$692M		-
Center Laboratories	$691M		-
Lexicon Pharmaceuticals	$690M		$40M
Sana Biotechnology	$689M		-
CHO Pharma	$687M		-
OmniAb	$683M		$32M
Immix Biopharma	$681M		-
Achieve Life Sciences	$681M		-
4D Molecular Therapeutics	$677M		$27M
Guizhou Sanli	$671M		-
Chong Kun Dang Pharma	$669M		$1.4B
Adlai Nortye	$668M		$15M
Design Therapeutics	$666M		-
SK Chemicals	$661M		$2.1B
Pharming	$658M		$378M
Aura Biosciences	$652M		-
Arbutus Biopharma	$649M		$149M
Gyre Therapeutics	$646M		$111M
MiMedx Group	$639M		$297M
Solid Biosciences	$635M		-
Attovia Therapeutics	$634M		-
Candel Therapeutics	$629M		-
Sagimet Biosciences	$629M		-
WAVE Life Sciences	$624M		$48M
Olema Pharmaceuticals	$623M		-
TTY Biopharm	$623M		$202M
Avalo Therapeutics	$620M		$12K
Nuvectis Pharma	$617M		-
Senores Pharmaceuticals	$609M		$82M
Zevra Therapeutics	$603M		$143M
Tempo Scan Pacific	$591M		-
Ironwood Pharmaceuticals	$585M		$433M
Avalon Pharma	$582M		$139M
Rafa Labs	$577M		-
Cormedix	$575M		$332M
Blau Farmacêutica	$572M		$371M
Alkaloid	$571M		-
Phathom Pharmaceuticals	$568M		$288M
Climb Bio	$557M		-
DBV Technologies	$554M		$3M
Chabiotech	$543M		-
Electra Therapeutics	$543M		-
Shattuck Labs	$540M		$274K
Valneva	$537M		$176M
Puma Biotechnology	$528M		$204M
Beximco Pharmaceuticals	$527M		$459M
Bright Minds Biosciences	$521M		$1M
Medigen Vaccine Biologics	$515M		$23M
CytomX Therapeutics	$512M		$35M
Aclaris Therapeutics	$512M		$7M
Entera Bio	$511M		$8K
TaiMed Biologics	$506M		-
Ocumension	$503M		-
Novartis India	$501M		-
Zota Health Care	$497M		$78M
Hyundai Bioscience	$493M		-
YungShin Global Holding	$492M		-
Pharmicell	$488M		$77M
Neurogene	$484M		-
Aquestive Therapeutics	$481M		$50M
TransThera Sciences	$481M		-
Monopar Therapeutics	$480M		-
Arvinas	$475M		$289M
Ever Supreme Bio Technology	$474M		$36M
Dong-A Socio Holdings	$474M		$1.2B
PKU Healthcare	$473M		-
Genfit	$472M		$85M
Onconic Therapeutics	$472M		-
Regenxbio	$471M		$163M
Clarity Pharmaceuticals	$465M		$7M
Synmosa Biopharma	$465M		$204M
Eupraxia Pharmaceuticals	$460M		-
Crescent Biopharma	$460M		$4M
SanBio	$457M		$8M
Qyuns Therapeutics	$455M		$98M
BlossomHill Therapeutics	$452M		-
Allogene Therapeutics	$449M		$3M
MapLight Therapeutics	$446M		-
Kamada	$440M		$199M
Prothena Corp.	$435M		$68M
Altimmune	$432M		$8K
Nika Pharmaceuticals	$430M		-
Zhejiang Shouxiangu	$428M		$94M
Ovid Therapeutics	$427M		$2M
Egetis Therapeutics	$426M		$55M
DiaMedica	$424M		-
Autolus Therapeutics	$422M		$135M
ARS Pharmaceuticals	$421M		$120M
Gen İlaç	$421M		-
Eikon Therapeutics	$417M		-
Renata	$415M		$381M
Tectonic Therapeutic	$413M		-
Assembly Biosciences	$411M		$65M
Agomab Therapeutics	$402M		$357K
Formycon	$396M		$83M
Avacta Group	$391M		$2M
Luzhu Biotech	$387M		$435K
Capricor Therapeutics	$386M		$74M
Allergy Therapuetics	$380M		$79M
Lumosa Therapeutics	$378M		$1M
Heartseed	$377M		$6M
Swedencare	$376M		$291M
PureTech Health	$375M		$9M
Editas Medicine	$372M		$29M
Scribe Therapeutics	$368M		-
CytoDyn	$367M		-
Zura Bio	$365M		-
Indaptus Therapeutics	$363M		-
Boiron	$363M		-
Hansa Biopharma	$362M		$43M
Kyverna Therapeutics	$361M		-
GlaxoSmithKline Pakistan	$361M		$236M
Rezolute	$358M		$786K
C4 Therapeutics	$354M		$28M
Atea Pharmaceuticals	$351M		-
Galectin Therapeutics	$350M		-
Cuorips	$346M		$1M
Fennec Pharmaceuticals	$345M		$67M
Medy-Tox	$339M		$193M
Abclon	$338M		-
Relmada Therapeutics	$337M		-
Circio Holding	$334M		-
Enanta Pharmaceuticals	$333M		$65M
GC Biopharma	$329M		-
Emergent BioSolutions	$326M		$674M
Ildong Pharmaceutical	$325M		$435M
Opus Genetics	$318M		$12M
Ourofino	$309M		-
Julphar	$308M		$310M
Deva Holding	$305M		-
Arcturus Therapeutics	$296M		$31M
Benitec Biopharma	$292M		-
ProKidney	$291M		$601K
Lavipharm	$290M		-
Artiva Biotherapeutics	$289M		-
Recbio	$287M		$2M
Antibiotice	$284M		-
Fulcrum Therapeutics	$283M		-
Shanghai Hile Bio-Tech	$282M		-
Surrozen	$280M		$9M
Contineum Therapeutics	$280M		$3M
Agenus	$279M		$122M
Celon Pharma	$277M		$68M
X4 Pharmaceuticals	$273M		$20M
Prelude Therapeutics	$272M		$37M
Elite Pharmaceuticals	$270M		-
Century Therapeutics	$269M		$22M
Santhera Pharma	$268M		$102M
Ocugen	$267M		$5M
AFT Pharmaceuticals	$267M		$162M
Northwest Biotherapeutics	$265M		-
Clinuvel Pharmaceuticals	$264M		$67M
Tiansheng Pharmaceutical	$264M		-
Medipost	$264M		$49M
Dong-A ST	$260M		$616M
Duopharma Biotech	$257M		$241M
Abeona Therapeutics	$252M		$43M
Cabaletta Bio	$252M		-
Starpharma	$251M		$9M
Vicore Pharma Holding	$250M		$340K
Bicycle Therapeutics	$247M		$30M
Vanda Pharmaceuticals	$247M		$242M
AIM Vaccine	$246M		$169M
Tanvex BioPharma	$246M		$13M
Rocket Pharmaceuticals	$245M		$889K
Jacobson Pharma	$244M		-
AC Immune	$242M		$21M
Amarin Corp	$242M		$185M
Lineage Cell Therapeutics	$241M		$15M
Dishman Carbogen Amics	$241M		-
Reig Jofré	$241M		$393M
AprilBio	$238M		$6M
Immuneering	$237M		-
SAB Bio	$237M		-
Boan Biotech	$237M		$114M
Vogenx	$236M		-
Acepodia	$236M		-
Palisade Bio	$234M		$401K
Oryzon Genomics	$232M		$8M
Q32 Bio	$232M		$11M
Adimmune	$231M		-
Bioage Labs	$229M		$8M
BridgeBio Oncology	$227M		-
Lexeo Therapeutics	$227M		-
SIGA Technologies	$226M		$67M
Zentalis Pharma	$225M		-
Panacea Biotec	$225M		-
Valerio Therapeutics	$225M		-
Sai Parenteral's	$225M		-
Fate Therapeutics	$223M		$6M
Greenwich LifeSciences	$223M		-
Polaris Group	$223M		-
Larimar Therapeutics	$220M		-
Keros Therapeutics	$220M		$61M
Alector	$218M		$14M
Lyell Immunopharma	$216M		$17K
InflaRx	$215M		$1K
Transgene	$215M		$8M
Z Squared	$214M		-
Sol-Gel Technologies	$213M		$5M
Guangzhou Innogen Pharma	$212M		$29M
Macrogenics	$212M		$118M
Pyxis Oncology	$211M		$3M
Savior Lifetec	$211M		-
Racura Oncology	$211M		$2M
Protalix	$206M		$76M
Nanexa	$206M		-
S Biomedics	$201M		$11M
PegBio	$200M		-
Thor Medical	$198M		$1M
Tetratherix	$198M		$4M
Newron Pharmaceuticals	$198M		$13M
Camp4 Therapeutics	$197M		$6M
Medeze Group	$196M		$22M
Evommune	$191M		$3M
Akebia Therapeutics	$188M		$205M
Entrada Therapeutics	$188M		$14M
Sutro Biopharma	$187M		$60M
PepGen	$187M		-
Compugen	$186M		$23M
Alpha Cognition	$185M		$22M
ProQR Therapeutics	$185M		$19M
REPLOID Group	$184M		-
Cartesian Therapeutics	$184M		$888K
ADC Therapeutics	$184M		$80M
Sionna Therapeutics	$181M		-
Invivyd	$180M		$59M
BioVersys	$176M		$4M
Eledon Pharmaceuticals	$175M		-
Nextbiomedical Co	$173M		$14M
Whitehawk Therapeutics	$172M		$1M
IMBiologics	$172M		$8M
Precision BioSciences	$170M		$18M
Oramed Pharmaceuticals	$169M		$395K
Scancell	$168M		$2M
Bioxyne	$166M		$59M
NervGen Pharma	$166M		-
MediWound	$164M		$22M
Innate Pharma	$163M		$47M
Searle Co.	$162M		$138M
Biomm	$161M		-
Huons Co	$161M		-
TYK Medicines	$157M		-
ALX Oncology	$156M		-
Adagene	$153M		$6M
Upstream Bio	$153M		$3M
Compass Therapeutics	$151M		-
Jagsonpal Pharma	$151M		-
Coherus Oncology	$149M		$57M
Binex	$148M		$123M
Journey Medical	$146M		$76M
Mycenax Biotech	$146M		$231M
Mayne Pharma Group	$145M		$273M
BioInvent International	$143M		$9M
PhotoCure	$143M		$67M
Molecular Partners	$142M		-
Veraxa Biotech	$142M		-
Panion & Bf Biotech	$141M		-
Syn2bio	$140M		-
Saniona	$140M		-
Protara Therapeutics	$138M		-
Satellos Bioscience	$138M		-
Kotra Industries	$136M		$58M
Cardiol Therapeutics	$135M		-
Hyloris Pharmaceuticals	$135M		$12M
Biosyent	$134M		$48M
Nykode Therapeutics	$132M		-
Flerie	$131M		$10M
Organogenesis	$131M		$268M
Atrium Therapeutics	$130M		$31M
BRIM Biotechnology	$129M		$161K
Acumen Pharmaceuticals	$129M		-
Tiziana Life Sciences	$129M		-
AN2 Therapeutics	$127M		-
Nkarta	$126M		-
Voyager Therapeutics	$126M		$24M
Actinogen Medical	$124M		$9M
Vytrus Biotech	$123M		-
Orthocell	$123M		$10M
Orient Europharma Co	$122M		-
Outlook Therapeutics	$122M		$4M
BGM Group	$120M		-
Cellectis	$117M		$57M
Cue Biopharma	$117M		$18M
Heidelberg Pharma	$116M		$8M
Anavex Life Sciences	$115M		-
NRX Pharmaceuticals	$114M		$5M
Armata Pharmaceuticals	$114M		$4M
TuHURA Biosciences	$113M		-
Hamlet BioPharma	$113M		-
Cereno Scientific	$113M		-
Foghorn Therapeutics	$111M		$29M
Genelux	$111M		$2K
Curatis Holding	$110M		-
Humacyte	$109M		$3M
Easywell Biomedicals	$108M		-
Kanaph Therapeutics	$107M		$4M
Pyridam Farma	$107M		-
IBT	$107M		-
vTv Therapeutics	$107M		$30M
enGene Therapeutics	$106M		-
Ryvu Therapeutics	$106M		$32M
Black Diamond Therapeutics	$105M		$20M
Eurofins-Cerep	$104M		-
LENZ Therapeutics	$104M		$17M
Inovio Pharmaceuticals	$103M		$548K
RaQualia Pharma	$102M		$26M
Ensol Biosciences	$101M		-
Cumberland	$101M		-
PolyPid	$99M		-
Coya Therapeutics	$99M		$2M
Semnur Pharmaceuticals	$98M		-
Tonix Pharmaceuticals	$98M		$47M
Unicycive	$98M		$331K
Faron Pharmaceuticals	$97M		$75K
SynAct Pharma	$96M		-
ImmuCell	$95M		-
Immunic	$95M		-
Polaryx Therapeutics	$95M		-
PMV Pharma	$94M		-
Conexeu Sciences	$93M		-
OnKure Therapeutics	$93M		$268K
Captor Therapeutics	$92M		$10M
Darya-Varia Laboratoria	$91M		-
Anixa Biosciences	$91M		-
Neumora Therapeutics	$91M		-
Medivir	$91M		$528K
Atara Biotherapeutics	$91M		$26M
Bioceltix	$89M		-
Dimerix	$88M		$4M
Milestone Pharmaceuticals	$87M		$3M
Pure Biologics	$87M		-
Rallybio	$87M		$365K
Vistin Pharma	$86M		-
Guerbet	$86M		$868M
Corbus Pharmaceuticals	$86M		$2M
Tenaya Therapeutics	$86M		$3M
Eco Animal Health Group	$84M		$119M
3D Medicines	$83M		-
Bioton	$83M		-
Aardvark Therapeutics	$82M		-
AlzeCure Pharma	$81M		$14M
Naturland Holding	$79M		-
NeOnc	$79M		$8K
HLB Global	$78M		-
Equillium	$78M		-
Nyrada	$77M		-
Zomedica	$77M		$32M
Prestige Biologics	$77M		-
Telomir Pharmaceuticals	$77M		-
Abionyx Pharma	$76M		$5M
Rani Therapeutics	$75M		$5M
Citius Oncology	$75M		$18M
Shield Therapeutics	$74M		$68M
ProMIS Neurosciences	$74M		-
OKYO Pharma	$73M		-
Dicot Pharma	$73M		-
Acrivon Therapeutics	$73M		-
Vaxcell-Bio	$73M		-
Corestemchemon	$73M		-
Sensorion	$73M		$5M
Laboratorios Richmond	$72M		-
M1 Aesthetics	$71M		-
Dongkoo Bio&Pharma Co	$71M		-
MediciNova	$69M		$511K
Heron Therapeutics	$69M		$150M
Cognition Therapeutics	$69M		-
Island Pharmaceuticals	$69M		$278K
Zhengye Biotechnology	$69M		-
Cardiff Oncology	$69M		$351K
Bonus BioGroup	$68M		-
Intercure	$67M		-
Oncopeptides	$67M		$12M
PDS Biotechnology	$67M		-
MAIA Biotechnology	$66M		-
Spero Therapeutics	$66M		$13M
Oncolytics Biotech	$65M		-
Lytix Biopharma	$65M		-
Agronomics	$64M		-
Poolbeg Pharma	$64M		-
EQL Pharma	$63M		$48M
StemRIM	$63M		-
Fortress Biotech	$62M		$76M
Recce Pharmaceuticals	$62M		$7M
Gallmetzer Healthcare	$61M		-
Biomea Fusion	$61M		-
XBiotech	$61M		-
LTR Pharma	$60M		-
Lixte Biotechnology	$60M		-
OSE Immunotherapeutics	$60M		$7M
Verrica Pharmaceuticals	$59M		$27M
AB Science	$59M		$1M
Cinclus Pharma Holding	$59M		$9M
Cantourage Group	$59M		$102M
Procaps Group	$58M		$434M
Connect Biopharma	$57M		$6M
Xilio Therapeutics	$55M		$41M
Pliant Therapeutics	$55M		-
Gain Therapeutics	$55M		-
Synthaverse	$54M		$12M
Boundless Bio	$54M		-
K Pharma	$53M		-
Moberg Pharma	$53M		$2M
RenovoRx	$53M		$3M
Adocia	$53M		$909K
XSpray Pharma	$52M		$2M
Gossamer Bio	$52M		$42M
THX Pharma	$51M		$11M
Werewolf Therapeutics	$50M		-
Caribou Biosciences	$50M		$9M
MiNK Therapeutics	$49M		$3M
Alterity Therapeutics	$49M		$1M
Mereo BioPharma Group	$48M		$99K
LeonaBio	$48M		-
Rein Therapeutics	$48M		-
Labiana Health	$47M		$89M
Clene	$47M		$261K
ImageneBio	$46M		$158K
Kalaris Therapeutics	$46M		-
J-Pharma Co	$45M		-
Neurizon Therapeutics	$44M		$4M
Tevogen	$44M		-
Prescient Therapeutics	$44M		-
Oncoinvent	$44M		$2M
Adicet Bio	$43M		-
INmune Bio	$43M		$10K
Arovella Therapeutics	$43M		$88K
J. Molner	$43M		-
Sangamo Therapeutics	$42M		$40M
Serina Therapeutics	$42M		$26K
Elicio Therapeutics	$42M		-
Dogwood Therapeutics	$41M		-
Annovis Bio	$41M		-
Aldeyra Therapeutics	$40M		-
Grace Therapeutics	$39M		-
Instil Bio	$39M		-
Veru	$39M		-
Molecure	$39M		$10M
Coiled Therapeutics	$39M		-
Rekah Pharmaceutical	$39M		-
Herantis Pharma	$38M		-
EyePoint	$38M		$8M
Sprint Bioscience	$38M		$11M
Avecho Biotechnology	$38M		$2M
Celularity	$38M		-
NurExone Biologic	$38M		-
Nasus Pharma	$38M		-
Cantargia	$38M		$7M
Corline Biomedical	$37M		$3M
SCYNEXIS	$36M		$5M
Quince Therapeutics	$35M		-
Incannex	$35M		-
SoftOx Solutions	$34M		-
Mendus	$33M		$793K
Mabion	$33M		$7M
Cassava Sciences	$33M		-
Nicox	$33M		$7M
Prism Biolab	$33M		$4M
Genenta Science	$32M		-
Medical Developments International	$32M		$31M
GridAI Technologies	$31M		-
Sernova Biotherapeutics	$31M		-
Vivoryon Therapeutics	$31M		-
Raphael Pharma	$30M		-
Poltreg	$30M		$1M
Aligos Therapeutics	$30M		$29M
Evaxion	$30M		$1M
Oncocross	$30M		-
Intervacc	$30M		$2M
IRLAB Therapeutics	$30M		$10M
MindMaze Therapeutics	$29M		$3M
BioStem Technologies	$29M		$32M
Amplia Therapeutics	$29M		$2M
ZYUS Life Sciences	$29M		-
Isofol Medical	$27M		-
Mira Pharmaceuticals	$27M		-
Spirit Scientific Co	$27M		-
Pyratz	$27M		-
Medicenna Therapeutics	$27M		-
Matricelf	$26M		-
Quantum BioPharma	$26M		-
TAO Synergies	$26M		-
Nanogroup	$26M		-
Atossa Therapeutics	$26M		-
Xbrane Biopharma	$25M		$18M
NextCure	$25M		-
Vidac Pharma	$25M		-
Seres Therapeutics	$24M		$11M
Cessatech	$24M		-
Immutep	$24M		$11M
Botanix Pharmaceuticals	$23M		$30M
Arterra Bioscience	$22M		$7M
Context Therapeutics	$22M		-
Akari Therapeutics	$22M		-
Kyntra Bio	$21M		$6M
BeyondSpring	$21M		-
Biofrontera	$21M		-
Maat Pharma	$21M		$5M
Orexo	$20M		$2M
Gensight Biologics	$20M		$10M
SyntekaBio	$20M		$4M
Marker Therapeutics	$20M		$4M
Biomind Labs	$20M		-
KDventures	$19M		-
DexTech Medical	$19M		-
Elicera Therapeutics	$19M		$89K
Modalis Therapeutics	$19M		-
Fractyl Health	$18M		-
Cocrystal Pharma	$18M		$132K
Scilex Holding	$18M		-
Biotechnology Assets	$18M		-
Celyad Oncology	$17M		-
Türk İlaç	$17M		-
aTyr Pharma	$16M		$37K
Biophytis	$16M		$349K
Neuroscientific	$16M		-
Neurothera Labs	$16M		-
Aton	$16M		-
Initiator Pharma	$16M		-
Diamyd Medical	$16M		-
Jasper Therapeutics	$16M		$5M
Abera Bioscience	$16M		-
Psyence Biomedical	$16M		-
Estrella Immunopharma	$15M		-
Radiopharm Theranostics	$15M		$2M
Medicon Hellas	$15M		-
TScan Therapeutics	$14M		$4M
Dare Bioscience	$14M		$2M
Actuate Therapeutics	$14M		-
BTC Health	$14M		-
Pasithea Therapeutics	$14M		-
Xintela	$14M		$1M
Pharma Equity Group	$14M		-
Biotika	$13M		-
Imugene	$13M		-
Synlogic	$13M		-
Tvardi Therapeutics	$13M		-
Vicapsys	$13M		-
Alzinova	$13M		$3M
NextCell Pharma	$13M		$5M
Lipocine	$13M		$897K
Patrys	$13M		-
Klaria Pharma Holding	$13M		-
Biogened	$13M		-
Hepion Pharmaceuticals	$13M		-
Wellgistics Health	$12M		-
Aspire Biopharma Hldgs	$12M		-
TME Pharma	$12M		-
Citius Pharmaceuticals	$12M		$11M
Opsy Holding	$12M		-
Aelis Farma	$12M		$2M
Passage Bio	$12M		-
Holista CollTech	$11M		-
Poxel	$11M		-
Advicenne	$11M		$7M
Lisata Therapeutics	$11M		$100K
Cellectar Biosciences	$11M		-
Intensity Therapeutics	$11M		-
Argenica Therapeutics	$11M		$4M
Pluri	$11M		$2M
Noxopharm	$11M		-
BioLineRx	$11M		$2M
Tempest Therapeutics	$10M		-
Ensysce Biosciences	$10M		$5M
Lantern Pharma	$10M		-
AcuCort	$10M		$226K
Opthea	$10M		$236K
Avicanna	$10M		-
Sedania Innovator	$9M		-
Nextage Therapeutics	$9M		-
Cambium Bio	$9M		$439K
Vistagen Therapeutics	$9M		$2M
RA Williams Distributors	$9M		-
Chemomab Therapeutics	$9M		-
Active Biotech	$8M		-
BioLight Life Sciences	$8M		-
OncoZenge	$8M		$529K
MetaVia	$8M		-
Curative Biotechnology	$8M		-
NFL Biosciences	$8M		-
Spago Nanomedical	$8M		-
Vivesto	$8M		-
Karyopharm Therapeutics	$8M		$138M
Bolt Biotherapeutics	$8M		$2M
Immuron	$8M		$6M
Soligenix	$8M		-
InMed Pharmaceuticals	$8M		-
Oncodesign Precision Medicine	$7M		$306K
Ascelia Pharma	$7M		$494K
Annexin Pharmaceuticals	$7M		$4M
Pila Pharma	$7M		-
CalciMedica	$7M		-
Exicure	$7M		-
Skye Bioscience	$7M		-
Incanthera	$7M		-
FibroBiologics	$7M		-
Acurx Pharmaceuticals	$6M		-
Newbury Pharmaceuticals	$6M		-
Medicofarma Biotech	$6M		-
Bio Green Med Solution	$6M		$747K
Can Fite Biopharma	$6M		$404K
Reviva Pharmaceuticals	$6M		-
Addex Therapeutics	$6M		-
Institute of Biomedical	$6M		-
Lexaria Bioscience	$5M		$209K
Moleculin Biotech	$5M		-
Strategic Partners	$5M		-
NeuroSense Therapeutics	$5M		-
Apimeds Pharmaceuticals	$5M		-
XTL Biopharmaceuticals	$5M		-
Scienture Holdings	$5M		$4M
Coegin Pharm	$5M		$111K
Disruptive Pharma	$5M		-
Chosa Oncology	$5M		-
Genxone	$5M		-
Gelteq	$5M		-
Alligator Bioscience	$5M		-
Longeveron	$4M		$2M
Redhill Biopharma	$4M		-
Cannabis Poland	$4M		-
Liminatus Pharma	$4M		-
Biosergen	$4M		-
Instituto Rosenbusch	$4M		-
Stenocare	$4M		$1M
Enlivex	$4M		-
Kala Bio	$4M		-
PharmaCyte Biotech	$4M		-
Futura Medical	$4M		$2M
Jupiter Neurosciences	$4M		-
JFL Life Sciences	$4M		-
Modus Therapeutics	$3M		-
Propanc Biopharma	$3M		-
Clearmind Medicine	$3M		-
Invion	$3M		-
Calidi Biotherapeutics	$3M		-
HCW Biologics	$3M		$5M
Decoy Therapeutics	$3M		-
ODI Pharma	$3M		-
CV Sciences	$3M		-
PRF Technologies	$2M		-
Double Bond	$2M		-
SILO Pharma	$2M		-
Geovax Labs	$2M		$493K
Silexion Therapeutics	$2M		-
BioAtla	$2M		-
PsyRx CNS Bio-Tech	$2M		-
Hadasit Bio Holdings	$2M		-
CASI Pharmaceuticals	$2M		-
BiomX	$2M		-
Genprex	$2M		-
Cynata Therapeutics	$2M		$1M
Matinas BioPharma Hldgs	$2M		-
Respiratorius	$2M		-
Protagenic Therapeutics	$1M		-
Gabather	$1M		-
Exact Therapeutics	$1M		-
Cannovum Cannabis	$1M		-
China SXT Pharmaceuticals	$1M		-
Bone Biologics	$1M		-
Pentixapharm Holding	$1M		-
ExpreS2ion Biotech	$1M		-
Scinai Immunotherapeutics	$973K		-
Curis	$925K		$2M
Aptahem	$889K		-
Biodexa Pharmaceuticals	$860K		-
RAMM Pharma	$846K		-
Evofem Biosciences	$835K		-
SciSparc	$828K		-
BioXcel Therapeutics	$783K		$642K
Magle Chemoswed Holding	$729K		$30M
Altamira Therapeutics	$514K		-
Pharmadrug	$475K		-
Nidhogg Resources Holding	$404K		-
Lyra Therapeutics	$337K		$700K
bioXXmed	$306K		-
Branded Legacy	$285K		-
Oxurion	$261K		-
Ocean Biomedical	$116K		-
Neovacs	$30K		-
Anebulo Pharmaceuticals	$29K		-
IO Biotech	$7K		-
Novaccess Global	$6K		-
Scorpius Holdings	$6K		-
Lipella Pharmaceuticals	$2K		-
Virpax Pharmaceuticals	$1K		-
Iterum Therapeutics	$0K		$800K