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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, Merck and Roche.

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Biopharmaceuticals

Viewing 25 of 1120 companies with full data

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
Eli Lilly	$1.0T	$1.1T	$82B	13.1x	27.0x
Johnson & Johnson	$651B	$679B	$99B	6.8x	18.3x
AbbVie	$466B	$531B	$66B	8.1x	17.5x
Merck	$362B	$409B	$67B	6.1x	21.0x
Roche	$346B	$378B	$78B	4.9x	12.2x
Novartis	$265B	$306B	$56B	5.4x	13.2x
AstraZeneca	$260B	$287B	$62B	4.6x	13.0x
Amgen	$208B	$252B	$38B	6.6x	14.6x
Novo Nordisk	$191B	$206B	$47B	4.4x	9.1x
Gilead Sciences	$186B	$209B	$30B	6.9x	31.2x
Pfizer	$158B	$209B	$62B	3.4x	8.7x
Vertex Pharmaceuticals	$129B	$123B	$13B	9.5x	22.0x
Bristol-Myers Squibb	$129B	$163B	$49B	3.3x	8.6x
Sanofi	$102B	$122B	$56B	2.2x	7.3x
GSK	$101B	$120B	$45B	2.7x	7.8x
Regeneron	$81B	$76B	$16B	4.6x	12.6x
Chugai Pharma	$71B	$65B	$8.6B	7.5x	14.4x
Merck KGaA	$65B	$74B	$25B	3.0x	10.6x
argenx	$63B	$57B	$5.6B	10.3x	33.3x
Moderna	$61B	$58B	$2.1B	28.0x	(18.3x)
Takeda Pharmaceuticals	$61B	$89B	$29B	3.1x	12.0x
CSL	$60B	$71B	$16B	4.5x	13.6x
Bayer	$54B	$93B	$53B	1.8x	8.2x
Lonza Group	$46B	$51B	$8.6B	5.9x	17.9x
Sun Pharma	$46B	$43B	$6.4B	6.7x	23.3x
Teva Pharmaceuticals	$46B		$17B
UCB	$46B		$9.7B
Jiangsu Hengrui Pharma	$43B		$4.9B
BeOne Medicines	$41B		$6.4B
Revolution Medicines	$41B		$132M
Otsuka Holdings	$37B		$17B
Sandoz	$36B		$12B
Daiichi Sankyo	$34B		$14B
Alnylam Pharmaceuticals	$32B		$5B
Biogen	$32B		$10B
Celltrion	$30B		$3.7B
Zoetis	$30B		$9.3B
Roivant Sciences	$29B		$29M
Astellas Pharma	$27B		$14B
Hansoh Pharma	$26B		$2.4B
Insmed	$26B		$1.5B
Royalty Pharma	$26B		$3.4B
Incyte	$25B		$5.7B
BioNTech	$24B		$2.4B
Innovent Biologics	$21B		$2.5B
Genmab	$21B		$4.3B
United Therapeutics	$21B		$3.2B
Viatris	$19B		$15B
Torrent Pharmaceuticals	$19B		$1.7B
Shionogi	$16B		$3.8B
Sobi	$16B		$3.3B
Jazz Pharmaceuticals	$16B		$4.6B
Ascendis Pharma	$16B		$1.4B
Sichuan Biokin	$15B		$357M
PharmaEssentia	$15B		$746M
Neurocrine Biosciences	$15B		$3.6B
Ipsen	$15B		$5B
Exelixis	$14B		$2.5B
Summit Therapeutics	$14B		$3M
Kelun-Biotech	$14B		$364M
Yunnan Baiyao Group	$14B		$6.2B
Orion	$13B		$2.4B
BridgeBio Pharma	$13B		$875M
CSPC Pharma Group	$13B		$4.6B
Halozyme Therapeutics	$13B		$1.7B
Alteogen	$13B		$299M
Wuxi XDC	$12B		$1.1B
Sino Biopharmaceutical	$12B		$5.2B
Recordati	$12B		$3.2B
BioMarin Pharmaceutical	$12B		$3.7B
Madrigal Pharmaceuticals	$12B		$1.4B
Zydus Lifesciences	$12B		$3B
Corcept Therapeutics	$12B		$1B
Baxter International	$12B		$12B
Cipla	$12B		$3.1B
Elanco	$11B		$5B
Laurus Labs	$11B		$789M
Axsome Therapeutics	$11B		$873M
Haisco Pharmaceutical	$11B		$879M
Zhangzhou Pientzehuang	$11B		$1.3B
Akeso	$11B		$626M
Aurobindo Pharma	$10B		$3.8B
Lupin	$10B		$3.1B
Apogee Therapeutics	$10B		-
Dr Reddy's Laboratories	$10B		$3.6B
Mankind Pharma	$10B		$1.6B
Krystal Biotech	$10B		$475M
Kymera Therapeutics	$9.8B		$87M
Cytokinetics	$9.6B		$133M
Kelun	$9.4B		$2.9B
Arrowhead Pharmaceuticals	$9.4B		$471M
Protagonist Therapeutics	$9.3B		$404M
Abivax	$9.1B		$5M
Financiere de Tubize	$9.1B		-
Krka	$9B		$2.5B
Crinetics Pharmaceuticals	$9B		$72M
ImmunityBio	$9B		$194M
Eisai Co.	$8.9B		$5.5B
TG Therapeutics	$8.7B		$862M
Vaxcyte	$8.7B		-
Caris Life Sciences	$8.5B		$969M
Praxis Precision Medicines	$8.3B		$711K
NewMarket	$8.2B		$2.7B
Fosun Pharma	$8.2B		$6.3B
RemeGen	$8.1B		$950M
Spyre Therapeutics	$8B		-
Immunovant	$7.6B		-
Kyowa Kirin	$7.5B		$3.3B
Ionis Pharmaceuticals	$7.4B		$929M
Gedeon Richter	$7.4B		$3B
Alkermes	$7.3B		$1.7B
Ono Pharmaceutical	$7.2B		$3.1B
Bachem	$7.1B		$1.1B
Glenmark Pharma	$7B		$1.8B
Belite Bio	$6.9B		-
Huadong Medicine	$6.8B		$6.6B
Alkem Laboratories	$6.8B		$1.6B
ALK	$6.8B		$1.1B
Shanghai Allist	$6.7B		$952M
Rhythm Pharmaceuticals	$6.7B		$282M
CG Oncology	$6.6B		$4M
Biocon	$6.5B		$1.9B
Grifols	$6.5B		$8.8B
Amneal Pharmaceuticals	$6.5B		$3.1B
Lundbeck	$6.4B		$3.9B
Oruka Therapeutics	$6.3B		-
Gan and Lee	$6.1B		$695M
Sumitomo Chemical	$6.1B		$15B
Abbott India	$6B		$752M
Kiniksa Pharmaceuticals	$6B		$905M
Liquidia	$6B		$577M
Mirum Pharmaceuticals	$6B		$649M
Travere Therapeutics	$5.9B		$659M
Samsung Bioepis	$5.9B		$1.3B
China Resources Sanjiu	$5.9B		$4.8B
Scholar Rock	$5.7B		$5M
Ligand Pharmaceuticals	$5.7B		$284M
CRISPR Therapeutics	$5.5B		$27M
Cogent Biosciences	$5.5B		$4M
PTC Therapeutics	$5.5B		$1.4B
Anthem Biosciences	$5.4B		$241M
Apotex Health	$5.4B		$2.5B
Dianthus Therapeutics	$5.4B		$2M
Ipca Laboratories	$5.3B		$1.1B
Erasca	$5.2B		-
Parabilis Medicines	$5.2B		-
Gland Pharma	$5.1B		$721M
Salubris Pharmaceuticals	$5.1B		$749M
GSK India	$5B		$420M
3SBio	$5B		$1.7B
Edgewise Therapeutics	$4.9B		-
Shanghai RAAS	$4.9B		-
Wantai BioPharm	$4.8B		-
Beijing Tongrentang	$4.8B		$2.5B
ACADIA Pharmaceuticals	$4.7B		$1.2B
Ajanta Pharma	$4.6B		$612M
Iovance Biotherapeutics	$4.6B		$363M
Hanmi Pharm	$4.6B		$1.2B
Sumitomo Pharma	$4.6B		$3.2B
Chongqing Zhifei	$4.6B		$1.2B
Humanwell Healthcare	$4.5B		-
Veradermics	$4.5B		-
Hikma Pharmaceuticals	$4.4B		$3.4B
Zelgen Biopharmaceuticals	$4.4B		$232M
SK Biopharmaceuticals	$4.4B		$642M
Shanghai Junshi	$4.4B		$463M
Changchun High-Tech	$4.4B		$1.8B
Dottikon ES Holding	$4.4B		$563M
Dong-E-E-Jiao	$4.3B		$1.1B
Caliway Biopharmaceuticals	$4.2B		-
Henlius Biotech	$4.1B		$1.1B
Aspen Pharmacare	$4.1B		$2.2B
Relay Therapeutics	$4.1B		$12M
Indivior Pharmaceuticals	$4.1B		$1.3B
Yuhan	$4.1B		$1.6B
Amylyx Pharmaceuticals	$4.1B		-
Apeloa Pharmaceutical	$4.1B		$1.5B
Emcure Pharmaceuticals	$4B		$1B
InnoCare Pharma	$4B		$377M
Celcuity	$3.9B		$26M
Xenon Pharmaceuticals	$3.8B		$3M
Shijiazhuang Yiling	$3.8B		$1.2B
IDEAYA Biosciences	$3.7B		$89M
Tango Therapeutics	$3.7B		$17M
Camurus	$3.7B		$279M
Tarsus Pharmaceuticals	$3.7B		$641M
Simcere Pharmaceutical Group	$3.6B		$1.4B
Enliven Therapeutics	$3.6B		-
Zhejiang Huahai	$3.6B		$1.3B
BB Biotech	$3.6B		-
Organon	$3.6B		$6.2B
Beijing Tiantan	$3.6B		$858M
Wockhardt	$3.5B		-
Hualan Biological Engineering	$3.5B		$645M
Santen Pharmaceutical	$3.5B		$1.9B
CR Pharmaceutical	$3.5B		$41B
Hubei Jumpcan	$3.5B		$910M
Tianjin Pharma	$3.4B		-
China Medical System	$3.4B		$1.4B
Legend Biotech	$3.4B		$1.3B
Laboratorios Rovi	$3.4B		$884M
Viking Therapeutics	$3.4B		-
Hypera	$3.3B		$1.7B
Jiangsu Nhwa	$3.2B		$942M
Arcus Biosciences	$3.2B		$125M
Dyne Therapeutics	$3.2B		-
Arcutis Biotherapeutics	$3.2B		$492M
Walvax Biotechnology	$3.2B		$300M
Hebei Changshan	$3.2B		-
Denali Therapeutics	$3.2B		$28M
Amoytop Biotech	$3.1B		$644M
Jilin Aodong	$3.1B		$487M
Tasly	$3.1B		$1.3B
Livzon Pharmaceutical Group	$3.1B		$1.7B
Neuland Laboratories	$3.1B		$231M
uniQure	$3.1B		$21M
MBX Biosciences	$3B		-
Celldex Therapeutics	$3B		$2M
Virbac	$3B		$1.7B
Betta Pharmaceuticals	$3B		$592M
Zealand Pharma	$2.9B		$931M
BioArctic	$2.9B		$175M
Regencell Bioscience	$2.9B		-
Kangmei Pharmaceutical Co.	$2.8B		-
Precigen	$2.8B		$171M
ACROBiosystems	$2.7B		$150M
AtaiBeckley	$2.7B		$3M
Immunome	$2.7B		$2M
Samchundang Pharm	$2.7B		-
Yili Chuannig Biotech	$2.7B		$662M
NewAmsterdam Pharma	$2.7B		$28M
Kanghong Pharmaceutical	$2.7B		$685M
Disc Medicine	$2.7B		-
Sunshine Lake Pharma	$2.7B		-
Nurix Therapeutics	$2.6B		$71M
Peptron	$2.6B		-
Almirall	$2.6B		$1.4B
Beam Therapeutics	$2.6B		$76M
Pharvaris	$2.6B		-
Jamjoom Pharma	$2.5B		$426M
Joincare Pharmaceutical	$2.5B		$2.3B
Structure Therapeutics	$2.5B		$30M
Viridian Therapeutics	$2.5B		$35M
Granules India	$2.5B		$611M
Mineralys Therapeutics	$2.5B		-
HUTCHMED (China)	$2.5B		$606M
China Res Double-Crane	$2.5B		$1.7B
Vera Therapeutics	$2.5B		$18M
Harmony Biosciences	$2.4B		$986M
Supernus Pharmaceuticals	$2.4B		$834M
Bavarian Nordic	$2.4B		$908M
Sinocelltech Group	$2.4B		$228M
SELLAS Life Sciences	$2.3B		-
Nektar Therapeutics	$2.3B		$46M
Buchang Pharma	$2.3B		-
Brightgene Bio-medical	$2.3B		$178M
Duality Biotherapeutics	$2.3B		$208M
ABL Bio	$2.3B		$71M
Aurinia Pharmaceuticals	$2.2B		$317M
BioCryst Pharma	$2.2B		$751M
Dermapharm Holding	$2.2B		$1.4B
Generate Biomedicines	$2.2B		$30M
Ocular Therapeutix	$2.2B		$53M
LigaChem Biosciences	$2.2B		$108M
Caplin Point Laboratories	$2.2B		$244M
Grand Pharmaceutical	$2.2B		$1.6B
Palvella Therapeutics	$2.2B		-
Trevi Therapeutics	$2.1B		-
Sarepta Therapeutics	$2.1B		$1.9B
Guobang Pharma	$2.1B		$940M
Bausch Health	$2.1B		$11B
UroGen Pharma	$2.1B		$263M
Alvotech	$2.1B		$594M
Biohaven	$2.1B		$58M
Kodiak Sciences	$2.1B		-
Nuvation Bio	$2.1B		$159M
Recursion Pharmaceuticals	$2.1B		$53M
Zenas BioPharma	$2.1B		$10M
Vericel	$2B		$319M
ADMA Biologics	$2B		$528M
Anhui Anke Biotechnology	$2B		$404M
BioKangtai	$2B		$399M
SK Bioscience	$2B		$485M
United Laboratories International	$2B		$1.9B
Agios Pharmaceuticals	$2B		$147M
Mesoblast	$1.9B		$136M
Rapport Therapeutics	$1.9B		$14M
GH Research	$1.9B		-
Kalbe Farma	$1.9B		$2.2B
Jinyu Bio-Technology Co.	$1.9B		$236M
Hemab Therapeutics	$1.9B		-
Eris Lifesciences	$1.9B		$345M
Pfizer India	$1.9B		$270M
OneSource Specialty	$1.9B		$190M
Zymeworks	$1.9B		$253M
Lakefront Biotherapeutics	$1.9B		$390M
PYC Therapeutics	$1.9B		$11M
Neuren Pharma	$1.9B		$75M
Hepalink	$1.8B		$761M
Freenome	$1.8B		-
Xencor	$1.8B		$138M
Stoke Therapeutics	$1.8B		$75M
Tsumura	$1.8B		$1.3B
Septerna	$1.8B		$82M
Nanjing King-Friend	$1.8B		$623M
Vir Biotechnology	$1.8B		$196M
Jafron Biomedical	$1.8B		$310M
Bora Pharmaceuticals	$1.8B		$691M
Tyra Biosciences	$1.8B		-
Jubilant Pharmova	$1.8B		$917M
AstraZeneca Pharma India	$1.8B		-
Voronoi	$1.8B		$5M
Hanall Biopharma	$1.8B		$119M
ANI Pharmaceuticals	$1.7B		$1B
Cohance Lifesciences	$1.7B		$239M
Nanobiotix	$1.7B		$28M
Alembic Pharmaceuticals	$1.7B		$819M
Jiangxi Fushine Pharma	$1.7B		$289M
Mabwell	$1.7B		$123M
Intellia Therapeutics	$1.7B		$55M
Yifan Pharmaceutical	$1.7B		$751M
Hugel	$1.7B		$358M
Novavax	$1.7B		$569M
Kailera Therapeutics	$1.7B		-
Mezzion Pharma	$1.7B		-
Absci	$1.7B		$4M
Cheezheng Tibetan Medicine	$1.7B		-
Hualan Biological Vaccine	$1.6B		$199M
Immunocore Holdings	$1.6B		$437M
Faes Farma	$1.6B		$830M
Taysha GTx	$1.6B		$4M
Forte Biosciences	$1.6B		-
AnaptysBio	$1.6B		$133M
Concord Biotech	$1.6B		$122M
InventisBio	$1.6B		$15M
Inhibrx Biosciences	$1.6B		$363K
Eton Pharmaceuticals	$1.6B		$129M
Idorsia	$1.6B		$266M
Syndax	$1.6B		$276M
Kardigan	$1.6B		-
Square Pharma	$1.5B		$702M
Yantai Dongcheng	$1.5B		$406M
Innoviva	$1.5B		$440M
Natco Pharma	$1.5B		$386M
Zhejiang Wolwo Bio-Pharma	$1.5B		$155M
Marksans Pharma	$1.5B		$339M
BeBetter Med	$1.5B		-
Lotus Pharmaceutical	$1.5B		$981M
D&D Pharmatech	$1.5B		$8M
Bicara Therapeutics	$1.5B		-
Latigo Biotherapeutics	$1.5B		-
Xeris Biopharma	$1.5B		$361M
Nippon Shinyaku	$1.5B		$1.1B
HBM Holdings	$1.5B		$213M
Pharma Mar	$1.5B		$247M
Ultragenyx	$1.4B		$735M
ArriVent BioPharma	$1.4B		-
Ascentage Pharma Group	$1.4B		$110M
Phibro Animal Health	$1.4B		$1.5B
Pacific Shuanglin	$1.4B		-
Avalyn Pharma	$1.4B		-
Damora Therapeutics	$1.4B		-
Zhejiang Jolly	$1.4B		$526M
First Tracks Biotherapeutics	$1.4B		-
SOTHEMA	$1.4B		$351M
LB Pharmaceuticals	$1.4B		-
GNI Group	$1.4B		$244M
Sinopep	$1.4B		-
Cullinan Therapeutics	$1.4B		$9M
ORIC Pharmaceuticals	$1.3B		-
Immatics	$1.3B		$47M
Omeros	$1.3B		$90M
Chengdu Easton	$1.3B		$207M
MeiraGTx	$1.3B		$266M
Vor Biopharma	$1.3B		-
Chongqing Genrix	$1.3B		$34M
Akums Drugs and Pharma	$1.3B		$488M
Liaoning Chengda Biotech	$1.3B		$204M
Maze Therapeutics	$1.3B		$14M
Celltrion Pharm	$1.3B		-
OPKO Health	$1.2B		$580M
Harrow	$1.2B		$329M
Everest Medicines	$1.2B		$412M
Replimune Group	$1.2B		$19M
Aktis Oncology	$1.2B		$13M
Sawai Group Holdings	$1.2B		$1.3B
Apnimed	$1.2B		-
Uniphar	$1.2B		$3.7B
Alto Neuroscience	$1.2B		-
Strides Pharma	$1.2B		$546M
Odyssey Therapeutics	$1.2B		$837K
TOWA Pharmaceutical	$1.2B		$1.8B
Ribolia	$1.2B		$56M
Seaport Therapeutics	$1.1B		-
Cosmo	$1.1B		$122M
MannKind	$1.1B		$417M
Blue Jet Healthcare	$1.1B		$111M
Savara	$1.1B		$2M
Obsidian Therapeutics	$1.1B		-
Philogen	$1.1B		$112M
CStone Pharmaceuticals	$1.1B		$56M
Jade Biosciences	$1.1B		-
Kissei Pharmaceutical	$1.1B		$607M
Bio-Thera Solutions	$1.1B		-
Guilin Sanjin	$1.1B		-
Corvus Pharma	$1.1B		-
MoonLake	$1.1B		-
SPIMACO - ADDWAEIH	$1B		$474M
Kura Oncology	$1B		$88M
Basilea Pharmaceutica	$1B		$315M
Changchun BCHT	$1B		$89M
Monte Rosa Therapeutics	$1B		$82M
Silence Therapeutics	$1B		$472K
Janux Therapeutics	$1B		$24M
Star Lake Bioscience	$1B		$2.4B
Adlai Nortye	$1B		$14M
Attovia Therapeutics	$1B		-
Oscotec	$1B		$61M
Alumis	$1B		$11M
Amphastar Pharma	$1B		$740M
GuangYuYuan Chinese	$1B		-
Chengdu Kanghua	$1000M		$188M
Arbutus Biopharma	$993M		$135M
SSY Group	$989M		-
Pacira BioSciences	$984M		$746M
Vetoquinol	$983M		$604M
Kolon TissueGene	$978M		$4M
SpyGlass Pharma	$973M		-
Kaken Pharmaceutical	$962M		$511M
Solid Biosciences	$955M		-
Zhejiang Ausun	$939M		$130M
Mega Lifesciences	$935M		$447M
Lepu Biopharma	$933M		$135M
Sana Biotechnology	$928M		-
Helus Pharma	$917M		-
TchaikaPharma	$914M		-
Lexicon Pharmaceuticals	$912M		$41M
Daewoong Pharmaceutical	$908M		$1.1B
MedinCell	$898M		$35M
Immix Biopharma	$894M		-
Avalo Therapeutics	$889M		$16K
Theravance	$884M		$92M
Ardelyx	$883M		$466M
PeptiDream	$878M		$200M
Inventiva	$877M		$7M
Rigel Pharmaceuticals	$871M		$303M
Youcare Pharmaceutical	$862M		-
Keqian Biology	$860M		$137M
Olema Pharmaceuticals	$859M		-
WAVE Life Sciences	$857M		$48M
Eczacıbaşı İlaç	$852M		-
4D Molecular Therapeutics	$841M		$33M
Geron	$835M		$222M
Candel Therapeutics	$830M		-
Hisamitsu Pharmaceutical	$828M		$1B
Achieve Life Sciences	$821M		-
Guizhou Sanli	$820M		-
BlossomHill Therapeutics	$818M		-
Aclaris Therapeutics	$810M		$6M
Climb Bio	$807M		-
Annexon	$802M		-
Gyre Therapeutics	$801M		$111M
HK inno.N	$798M		$778M
China TCM	$783M		$1.9B
Aarti Pharmalabs	$777M		-
DBV Technologies	$777M		$5M
Design Therapeutics	$766M		-
Supriya Lifescience	$760M		$95M
Nxera Pharma	$758M		$242M
Gen İlaç	$752M		-
Pharming	$746M		$384M
Sanofi India	$742M		$202M
Collegium Pharmaceutical	$741M		$821M
Center Laboratories	$726M		-
Ironwood Pharmaceuticals	$720M		$419M
Knight Therapeutics	$720M		$376M
Nuvectis Pharma	$718M		-
MapLight Therapeutics	$707M		-
Tempo Scan Pacific	$703M		-
MiMedx Group	$696M		$311M
Zevra Therapeutics	$689M		$139M
Sagimet Biosciences	$689M		-
Senores Pharmaceuticals	$674M		$80M
Verastem	$674M		$94M
CHO Pharma	$672M		-
SK Chemicals	$671M		$2B
Aura Biosciences	$668M		-
Genfit	$666M		$95M
Oneness Biotech	$663M		$4M
OmniAb	$650M		$30M
Monopar Therapeutics	$648M		-
Neurogene	$642M		-
Altimmune	$632M		$11K
Crescent Biopharma	$627M		$4M
Scribe Therapeutics	$625M		-
Medigen Vaccine Biologics	$616M		$23M
TTY Biopharm	$612M		$216M
Valneva	$610M		$181M
Chong Kun Dang Pharma	$607M		$1.3B
Avalon Pharma	$607M		$137M
Phathom Pharmaceuticals	$605M		$277M
Bright Minds Biosciences	$603M		-
Shattuck Labs	$603M		$355K
Cormedix	$602M		$330M
CytomX Therapeutics	$601M		$40M
Alkaloid	$601M		-
Agomab Therapeutics	$599M		$317K
Allogene Therapeutics	$584M		$3M
Aquestive Therapeutics	$579M		$48M
Clarity Pharmaceuticals	$579M		$6M
Prime Medicine	$566M		$8M
Eupraxia Pharmaceuticals	$566M		-
Pharmicell	$543M		$77M
Arvinas	$542M		$287M
Chabiotech	$537M		-
TaiMed Biologics	$535M		-
Beximco Pharmaceuticals	$534M		$436M
Regenxbio	$530M		$166M
Novartis India	$530M		-
Tectonic Therapeutic	$528M		-
Capricor Therapeutics	$527M		$66M
Ovid Therapeutics	$525M		$3M
Ocumension	$522M		-
TransThera Sciences	$520M		-
Autolus Therapeutics	$516M		$129M
Entera Bio	$515M		$12K
Contineum Therapeutics	$509M		$4M
Assembly Biosciences	$508M		$66M
Kamada	$501M		$197M
Ever Supreme Bio Technology	$500M		$33M
Puma Biotechnology	$496M		$204M
Avacta Group	$489M		$3M
Onconic Therapeutics	$487M		-
Eikon Therapeutics	$485M		-
Vogenx	$483M		-
YungShin Global Holding	$480M		-
Synmosa Biopharma	$477M		$204M
Qyuns Therapeutics	$477M		$117M
Hyundai Bioscience	$474M		-
Blau Farmacêutica	$474M		$362M
Indaptus Therapeutics	$473M		-
SanBio	$472M		$9M
PKU Healthcare	$471M		-
Arcturus Therapeutics	$456M		$36M
Kyverna Therapeutics	$441M		-
Allergy Therapuetics	$441M		$80M
Prothena Corp.	$440M		$63M
Relmada Therapeutics	$439M		-
Dong-A Socio Holdings	$435M		$1.1B
Cabaletta Bio	$432M		-
Opus Genetics	$431M		$12M
Nika Pharmaceuticals	$430M		-
Atea Pharmaceuticals	$427M		-
Zura Bio	$427M		-
Renata	$423M		$386M
Boiron	$421M		-
Artiva Biotherapeutics	$421M		-
Zhejiang Shouxiangu	$417M		$94M
C4 Therapeutics	$417M		$29M
Lumosa Therapeutics	$415M		$1M
Editas Medicine	$415M		$30M
Zota Health Care	$414M		$75M
ARS Pharmaceuticals	$409M		$117M
PureTech Health	$402M		$10M
ProKidney	$399M		$615K
Formycon	$398M		$78M
Larimar Therapeutics	$394M		-
Galectin Therapeutics	$392M		-
Recbio	$389M		$2M
Heartseed	$389M		$7M
Prelude Therapeutics	$389M		$32M
Benitec Biopharma	$384M		-
BridgeBio Oncology	$382M		-
Fennec Pharmaceuticals	$376M		$65M
Egetis Therapeutics	$374M		$31M
Hansa Biopharma	$372M		$41M
Rocket Pharmaceuticals	$370M		$798K
Bioage Labs	$370M		$8M
Rezolute	$370M		$647K
DiaMedica	$369M		-
GlaxoSmithKline Pakistan	$368M		$236M
Circio Holding	$365M		-
Ocugen	$359M		$5M
Swedencare	$358M		$293M
Enanta Pharmaceuticals	$355M		$64M
X4 Pharmaceuticals	$355M		$21M
Agenus	$355M		$122M
Luzhu Biotech	$352M		$435K
Evommune	$350M		$4M
Emergent BioSolutions	$349M		$681M
Lexeo Therapeutics	$345M		-
Compass Therapeutics	$342M		-
Century Therapeutics	$337M		$31M
Valerio Therapeutics	$335M		-
EyePoint	$332M		$10M
Julphar	$327M		$308M
Ildong Pharmaceutical	$326M		$417M
SAB Bio	$319M		-
Abeona Therapeutics	$319M		$42M
Lavipharm	$315M		-
Medy-Tox	$314M		$183M
Q32 Bio	$314M		$15M
GC Biopharma	$313M		-
Animalcare Group	$311M		$121M
Vanda Pharmaceuticals	$310M		$240M
AprilBio	$308M		$6M
InflaRx	$308M		$2K
Cuorips	$307M		$1M
Zentalis Pharma	$305M		-
Fate Therapeutics	$303M		$6M
Clinuvel Pharmaceuticals	$300M		$68M
CytoDyn	$295M		-
Santhera Pharma	$295M		$110M
Shanghai Hile Bio-Tech	$293M		-
Upstream Bio	$292M		$3M
Immuneering	$290M		-
Vicore Pharma Holding	$289M		$348K
PegBio	$289M		-
Fulcrum Therapeutics	$287M		-
Amarin Corp	$286M		$188M
Abclon	$282M		-
Antibiotice	$282M		-
Racura Oncology	$282M		$2M
Celon Pharma	$281M		$69M
Tiansheng Pharmaceutical	$279M		-
Dishman Carbogen Amics	$279M		-
Polaris Group	$279M		-
Greenwich LifeSciences	$279M		-
Pyxis Oncology	$278M		$4M
Palisade Bio	$277M		$309K
Newron Pharmaceuticals	$276M		$15M
Ourofino	$276M		-
Duopharma Biotech	$275M		$242M
Transgene	$275M		$9M
Northwest Biotherapeutics	$273M		-
Starpharma	$271M		$11M
Tanvex BioPharma	$270M		$13M
Lyell Immunopharma	$270M		$18K
Sionna Therapeutics	$269M		-
Cue Biopharma	$269M		$19M
Elite Pharmaceuticals	$267M		-
Camp4 Therapeutics	$266M		$6M
Macrogenics	$264M		$121M
Entrada Therapeutics	$263M		$15M
Oryzon Genomics	$263M		$7M
AC Immune	$261M		$19M
Lineage Cell Therapeutics	$260M		$13M
AFT Pharmaceuticals	$258M		$161M
ProQR Therapeutics	$258M		$19M
Bicycle Therapeutics	$255M		$34M
Sutro Biopharma	$254M		$65M
Akebia Therapeutics	$254M		$209M
AIM Vaccine	$252M		$169M
Medipost	$250M		$49M
Tetratherix	$249M		$3M
Reig Jofré	$248M		$399M
Dong-A ST	$247M		$587M
Jacobson Pharma	$246M		-
Foghorn Therapeutics	$246M		$33M
Cartesian Therapeutics	$243M		$1M
Acepodia	$240M		-
Whitehawk Therapeutics	$239M		$2M
Adimmune	$236M		-
Sai Parenteral's	$235M		-
Panacea Biotec	$235M		-
ALX Oncology	$235M		-
Compugen	$230M		$28M
Cardiol Therapeutics	$227M		-
SIGA Technologies	$226M		$70M
Anavex Life Sciences	$224M		-
Guangzhou Innogen Pharma	$224M		$42M
Invivyd	$223M		$58M
Adagene	$222M		$5M
Keros Therapeutics	$222M		$79M
NervGen Pharma	$220M		-
Protalix	$217M		$74M
Alector	$213M		$14M
Eledon Pharmaceuticals	$213M		-
Bioxyne	$211M		$58M
Protara Therapeutics	$210M		-
Coherus Oncology	$209M		$56M
Veraxa Biotech	$206M		-
Journey Medical	$206M		$76M
Savior Lifetec	$205M		-
BioVersys	$203M		$4M
Innate Pharma	$203M		$43M
Nkarta	$203M		-
REPLOID Group	$202M		-
Satellos Bioscience	$198M		-
PepGen	$197M		-
Oramed Pharmaceuticals	$197M		$559K
Sol-Gel Technologies	$196M		$6M
Medeze Group	$196M		$23M
Surrozen	$195M		$9M
Alpha Cognition	$192M		$21M
Acumen Pharmaceuticals	$192M		-
AN2 Therapeutics	$191M		-
Voyager Therapeutics	$190M		$26M
Boan Biotech	$190M		$114M
Tonix Pharmaceuticals	$186M		$43M
Precision BioSciences	$184M		$19M
S Biomedics	$183M		$12M
Organogenesis	$183M		$299M
Scancell	$177M		$2M
Mayne Pharma Group	$175M		$275M
Syn2bio	$173M		-
MediWound	$173M		$22M
Actinogen Medical	$172M		$6M
Nextbiomedical Co	$171M		$14M
Searle Co.	$169M		$139M
Nykode Therapeutics	$168M		-
IMBiologics	$168M		$8M
Biomm	$167M		-
Huons Co	$166M		-
MediciNova	$163M		$501K
Humacyte	$163M		$3M
Molecular Partners	$161M		-
TYK Medicines	$159M		-
Outlook Therapeutics	$159M		$2M
Jagsonpal Pharma	$157M		-
Pyridam Farma	$155M		-
Armata Pharmaceuticals	$155M		$4M
Flerie	$154M		$10M
Atrium Therapeutics	$153M		$29M
Tenaya Therapeutics	$152M		$3M
Cellectis	$152M		$60M
BioInvent International	$150M		$11M
Mycenax Biotech	$150M		$285M
PhotoCure	$148M		$66M
Vytrus Biotech	$147M		-
Immunic	$145M		-
Corbus Pharmaceuticals	$145M		$1M
Panion & Bf Biotech	$144M		-
NRX Pharmaceuticals	$144M		$4M
Z Squared	$142M		-
Cereno Scientific	$142M		-
Saniona	$140M		-
Conexeu Sciences	$140M		-
Caribou Biosciences	$139M		$11M
Kotra Industries	$138M		$58M
Binex	$138M		$127M
Neumora Therapeutics	$137M		-
Heidelberg Pharma	$136M		$8M
Hyloris Pharmaceuticals	$135M		$13M
ADC Therapeutics	$134M		$80M
TuHURA Biosciences	$134M		-
Unicycive	$134M		$987K
Orthocell	$134M		$9M
Biomea Fusion	$133M		-
BRIM Biotechnology	$132M		$161K
Curatis Holding	$130M		-
Inovio Pharmaceuticals	$128M		$499K
enGene Therapeutics	$128M		-
LENZ Therapeutics	$128M		$18M
Biosyent	$127M		$46M
vTv Therapeutics	$126M		$27M
ProMIS Neurosciences	$126M		-
Orient Europharma Co	$125M		-
Naturland Holding	$123M		-
Equillium	$122M		-
OnKure Therapeutics	$121M		$240K
Citius Oncology	$121M		$14M
Aardvark Therapeutics	$118M		-
Kanaph Therapeutics	$116M		$4M
Captor Therapeutics	$115M		$9M
Tiziana Life Sciences	$115M		-
Coya Therapeutics	$115M		$3M
Genelux	$114M		$2K
Nanexa	$114M		-
Milestone Pharmaceuticals	$114M		$3M
PMV Pharma	$113M		-
Easywell Biomedicals	$113M		-
Black Diamond Therapeutics	$113M		$26M
Hamlet BioPharma	$112M		-
Cumberland	$110M		-
Bioceltix	$109M		-
Paradigm Biopharma	$109M		$5M
Sensorion	$109M		$5M
Medivir	$108M		$612K
Pure Biologics	$107M		-
Guerbet	$107M		$884M
Cardiff Oncology	$107M		$376K
PolyPid	$106M		-
Dimerix	$105M		$4M
Semnur Pharmaceuticals	$104M		-
SynAct Pharma	$102M		-
Polaryx Therapeutics	$102M		-
BGM Group	$101M		-
Darya-Varia Laboratoria	$100M		-
Rani Therapeutics	$99M		$5M
Cognition Therapeutics	$99M		-
RaQualia Pharma	$99M		$26M
Oncolytics Biotech	$98M		-
Atara Biotherapeutics	$97M		$36M
Anixa Biosciences	$96M		-
Ryvu Therapeutics	$96M		$31M
Fractyl Health	$96M		-
Faron Pharmaceuticals	$95M		$106K
NeOnc	$94M		$11K
Rallybio	$91M		$365K
Abionyx Pharma	$91M		$5M
Island Pharmaceuticals	$91M		$311K
AlzeCure Pharma	$91M		$13M
ImmuCell	$90M		-
IBT	$89M		-
Vistin Pharma	$89M		-
Ensol Biosciences	$88M		-
Eurofins-Cerep	$87M		-
Adicet Bio	$86M		-
Eco Animal Health Group	$86M		$119M
Adocia	$85M		$13M
Telomir Pharmaceuticals	$85M		-
BioStem Technologies	$85M		$34M
Fortress Biotech	$84M		$74M
Aldeyra Therapeutics	$82M		-
Dicot Pharma	$82M		-
Laboratorios Richmond	$81M		-
Connect Biopharma	$81M		$5M
Oncopeptides	$80M		$11M
MAIA Biotechnology	$80M		-
Intercure	$80M		-
Acrivon Therapeutics	$79M		-
Bioton	$79M		-
AB Science	$78M		$1M
3D Medicines	$77M		-
Gain Therapeutics	$77M		-
Verrica Pharmaceuticals	$76M		$28M
RenovoRx	$76M		$3M
Kalaris Therapeutics	$76M		-
Zomedica	$76M		$32M
Recce Pharmaceuticals	$75M		$7M
OSE Immunotherapeutics	$75M		$3M
Prestige Biologics	$74M		-
EQL Pharma	$74M		$48M
Corestemchemon	$72M		-
Vaxcell-Bio	$72M		-
OKYO Pharma	$71M		-
Agronomics	$71M		-
StemRIM	$71M		-
M1 Aesthetics	$71M		-
Cantourage Group	$70M		$104M
Alterity Therapeutics	$70M		$1M
Rein Therapeutics	$69M		-
Pliant Therapeutics	$69M		-
Dongkoo Bio&Pharma Co	$69M		-
Lytix Biopharma	$69M		-
Shield Therapeutics	$67M		$66M
XBiotech	$67M		-
Spero Therapeutics	$66M		$19M
Gossamer Bio	$66M		$39M
Zhengye Biotechnology	$65M		-
INmune Bio	$65M		$14K
LeonaBio	$64M		-
Boundless Bio	$64M		-
Clene	$62M		$255K
MiNK Therapeutics	$61M		$2M
Oncoinvent	$61M		$2M
K Pharma	$60M		-
Xilio Therapeutics	$60M		$41M
Sangamo Therapeutics	$60M		$40M
Labiana Health	$59M		$89M
LTR Pharma	$59M		-
Heron Therapeutics	$59M		$150M
PDS Biotechnology	$58M		-
Lixte Biotechnology	$58M		-
Dogwood Therapeutics	$57M		-
Serina Therapeutics	$57M		$36K
THX Pharma	$57M		$10M
ImageneBio	$56M		$224K
HLB Global	$55M		-
Avecho Biotechnology	$55M		$2M
Cinclus Pharma Holding	$54M		$9M
Molecure	$53M		$9M
Moberg Pharma	$52M		$2M
Prescient Therapeutics	$51M		-
Tevogen	$51M		-
Arovella Therapeutics	$51M		$88K
Elicio Therapeutics	$50M		-
Annovis Bio	$49M		-
Mereo BioPharma Group	$48M		$140K
Instil Bio	$48M		-
Werewolf Therapeutics	$47M		-
Orexo	$46M		$2M
Amplia Therapeutics	$46M		$2M
XSpray Pharma	$45M		$2M
Neurizon Therapeutics	$45M		$4M
Cantargia	$45M		$10M
Grace Therapeutics	$44M		-
SCYNEXIS	$44M		$6M
Synthaverse	$44M		$12M
Incannex	$44M		-
Neurothera Labs	$43M		-
Herantis Pharma	$43M		-
Karyopharm Therapeutics	$43M		$139M
Mendus	$42M		$805K
NurExone Biologic	$41M		-
Veru	$41M		-
Seres Therapeutics	$40M		$10M
Prism Biolab	$40M		$4M
Immutep	$40M		$12M
Botanix Pharmaceuticals	$39M		$28M
Medical Developments International	$38M		$31M
Biomind Labs	$38M		-
Celularity	$38M		-
Corline Biomedical	$38M		$2M
Nicox	$38M		$9M
Vivoryon Therapeutics	$37M		-
aTyr Pharma	$36M		$53K
Scilex Holding	$35M		-
Maat Pharma	$35M		$6M
SoftOx Solutions	$35M		-
Cassava Sciences	$35M		-
Intervacc	$35M		$2M
Mira Pharmaceuticals	$35M		-
ZYUS Life Sciences	$35M		-
TAO Synergies	$34M		-
J. Molner	$34M		-
Context Therapeutics	$34M		-
Genenta Science	$34M		-
Aligos Therapeutics	$33M		$27M
Poltreg	$33M		$1M
Mabion	$32M		$7M
Sprint Bioscience	$32M		$12M
BeyondSpring	$31M		-
MindMaze Therapeutics	$31M		$5M
Quince Therapeutics	$30M		-
Oncocross	$30M		-
Evaxion	$30M		$2M
Gensight Biologics	$29M		$9M
Spirit Scientific Co	$29M		-
Kyntra Bio	$29M		$7M
Sernova Biotherapeutics	$28M		-
Medicenna Therapeutics	$28M		-
NextCure	$28M		-
Nanogroup	$28M		-
Vicapsys	$28M		-
Pyratz	$27M		-
Quantum BioPharma	$26M		-
IRLAB Therapeutics	$26M		$9M
Cessatech	$26M		-
Psyence Biomedical	$25M		-
Radiopharm Theranostics	$25M		$2M
Isofol Medical	$24M		-
Actuate Therapeutics	$24M		-
Cocrystal Pharma	$23M		-
Estrella Immunopharma	$23M		-
Arterra Bioscience	$23M		$7M
Cellectar Biosciences	$22M		-
GridAI Technologies	$22M		-
Atossa Therapeutics	$22M		-
Modalis Therapeutics	$22M		-
Tvardi Therapeutics	$22M		-
KDventures	$22M		-
Xbrane Biopharma	$21M		$18M
TScan Therapeutics	$21M		$6M
Celyad Oncology	$21M		-
Jasper Therapeutics	$21M		$9M
Biophytis	$20M		$494K
Türk İlaç	$20M		-
SyntekaBio	$20M		$4M
Lantern Pharma	$20M		-
Marker Therapeutics	$20M		$4M
Chemomab Therapeutics	$19M		-
Elicera Therapeutics	$19M		$80K
Imugene	$19M		-
DexTech Medical	$19M		-
VYNE Therapeutics	$19M		-
Lisata Therapeutics	$18M		$100K
Biotechnology Assets	$18M		-
Lipocine	$18M		$1M
Akari Therapeutics	$18M		-
Pasithea Therapeutics	$17M		-
Abera Bioscience	$17M		-
Biofrontera	$17M		-
Neuroscientific	$17M		-
Citius Pharmaceuticals	$16M		$10M
Patrys	$16M		-
Tempest Therapeutics	$16M		-
Diamyd Medical	$16M		-
Dare Bioscience	$15M		$2M
Aton	$15M		-
Passage Bio	$15M		-
Pharma Equity Group	$15M		-
Moleculin Biotech	$15M		-
BTC Health	$15M		-
Klaria Pharma Holding	$15M		-
Initiator Pharma	$15M		-
Advicenne	$15M		$7M
Synlogic	$15M		-
Noxopharm	$14M		-
Xintela	$14M		$980K
Aelis Farma	$14M		$2M
Enlivex	$14M		-
NextCell Pharma	$14M		$3M
Argenica Therapeutics	$14M		$4M
Biotika	$14M		-
Medicon Hellas	$14M		-
Intensity Therapeutics	$13M		-
Pluri	$13M		$2M
CalciMedica	$13M		-
Biogened	$13M		-
Scienture Holdings	$13M		$4M
AcuCort	$13M		$211K
Opsy Holding	$13M		-
BioLineRx	$12M		$1M
Poxel	$12M		-
TME Pharma	$12M		-
Anebulo Pharmaceuticals	$12M		-
NeuroSense Therapeutics	$12M		-
Aspire Biopharma Hldgs	$12M		-
Holista CollTech	$12M		-
Active Biotech	$12M		-
MetaVia	$11M		-
NFL Biosciences	$11M		-
Immuron	$11M		$6M
Wellgistics Health	$11M		-
Vistagen Therapeutics	$11M		$1M
Annexin Pharmaceuticals	$11M		$3M
Sedania Innovator	$10M		-
Kala Bio	$10M		-
Marinomed Biotech	$10M		$10M
Vivesto	$10M		-
Avicanna	$10M		-
Branded Legacy	$10M		-
FibroBiologics	$10M		-
Opthea	$10M		$173K
Cambium Bio	$10M		$439K
Alzinova	$10M		$2M
Exact Therapeutics	$9M		-
Ensysce Biosciences	$9M		$5M
Curative Biotechnology	$9M		-
Pila Pharma	$9M		-
Ascelia Pharma	$9M		$445K
RA Williams Distributors	$8M		-
Soligenix	$8M		-
Exicure	$8M		-
Longeveron	$8M		$2M
Skye Bioscience	$8M		-
Acurx Pharmaceuticals	$8M		-
Spago Nanomedical	$8M		-
Coegin Pharm	$8M		$111K
Hepion Pharmaceuticals	$8M		-
InMed Pharmaceuticals	$7M		-
Newbury Pharmaceuticals	$7M		-
Modus Therapeutics	$7M		-
Bolt Biotherapeutics	$7M		$2M
Lexaria Bioscience	$7M		$96K
Medicofarma Biotech	$7M		-
Reviva Pharmaceuticals	$6M		-
Bio Green Med Solution	$6M		$747K
Stenocare	$6M		$1M
Chosa Oncology	$6M		-
Gelteq	$6M		-
OncoZenge	$6M		$507K
XTL Biopharmaceuticals	$6M		-
Institute of Biomedical	$6M		-
Addex Therapeutics	$6M		-
Disruptive Pharma	$5M		-
Oncodesign Precision Medicine	$5M		$306K
Strategic Partners	$5M		-
Incanthera	$5M		-
PharmaCyte Biotech	$5M		-
Liminatus Pharma	$5M		-
Genxone	$5M		-
Biosergen	$5M		-
Cannabis Poland	$4M		-
Instituto Rosenbusch	$4M		-
Jupiter Neurosciences	$4M		-
ODI Pharma	$4M		-
Geovax Labs	$4M		$699K
JFL Life Sciences	$4M		-
HCW Biologics	$3M		$5M
SILO Pharma	$3M		-
China SXT Pharmaceuticals	$3M		-
CV Sciences	$3M		-
Invion	$3M		-
BioAtla	$3M		-
Calidi Biotherapeutics	$3M		-
Genprex	$3M		-
Clearmind Medicine	$3M		-
Apimeds Pharmaceuticals	$3M		-
CASI Pharmaceuticals	$3M		-
Double Bond	$2M		-
Curis	$2M		$3M
Matinas BioPharma Hldgs	$2M		-
Alligator Bioscience	$2M		-
Propanc Biopharma	$2M		-
Cynata Therapeutics	$2M		$1M
Decoy Therapeutics	$2M		-
BioXcel Therapeutics	$2M		$734K
Gabather	$2M		-
Futura Medical	$2M		$2M
Respiratorius	$2M		-
Protagenic Therapeutics	$2M		-
Cannovum Cannabis	$1M		-
Bone Biologics	$1M		-
ExpreS2ion Biotech	$1M		-
Scinai Immunotherapeutics	$1M		-
Pentixapharm Holding	$1M		-
Aptahem	$1M		-
Evofem Biosciences	$981K		-
RAMM Pharma	$854K		-
Magle Chemoswed Holding	$820K		$30M
Biodexa Pharmaceuticals	$751K		-
Altamira Therapeutics	$506K		-
Nidhogg Resources Holding	$502K		-
Pharmadrug	$480K		-
Chimeric Therapeutics	$409K		$3M
Oxurion	$356K		-
Lyra Therapeutics	$355K		$700K
bioXXmed	$322K		-
Procaps Group	$233K		$434M
Ocean Biomedical	$209K		-
Scorpius Holdings	$61K		-
Neovacs	$47K		-
Virpax Pharmaceuticals	$14K		-
Novaccess Global	$12K		-
IO Biotech	$7K		-
Lipella Pharmaceuticals	$2K		-
Iterum Therapeutics	$1K		$800K