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 1176 companies with full data

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
Eli Lilly	$1.1T	$1.2T	$80B	14.9x	30.7x
Johnson & Johnson	$659B	$687B	$99B	7.0x	18.6x
AbbVie	$470B	$534B	$65B	8.2x	18.1x
Merck	$376B	$422B	$66B	6.4x	20.5x
Roche	$369B	$402B	$80B	5.1x	12.7x
Novartis	$299B	$341B	$56B	6.1x	14.7x
AstraZeneca	$254B	$282B	$62B	4.6x	12.8x
Amgen	$239B	$282B	$38B	7.4x	16.2x
Novo Nordisk	$205B	$220B	$47B	4.7x	9.6x
Gilead Sciences	$183B	$206B	$30B	6.8x	26.9x
Pfizer	$161B	$213B	$62B	3.4x	8.8x
Vertex Pharmaceuticals	$140B	$134B	$13B	10.5x	24.0x
Bristol-Myers Squibb	$138B	$172B	$49B	3.5x	9.3x
Sanofi	$109B	$129B	$57B	2.3x	7.7x
GSK	$104B	$124B	$46B	2.7x	8.0x
Regeneron	$87B	$81B	$16B	5.1x	14.0x
Chugai Pharma	$74B	$68B	$8.5B	7.9x	15.3x
Merck KGaA	$70B	$80B	$25B	3.2x	11.2x
Moderna	$70B	$66B	$2B	32.1x	(21.0x)
argenx	$64B	$58B	$5.5B	10.6x	34.7x
Takeda Pharmaceuticals	$59B	$86B	$29B	3.0x	11.8x
CSL	$58B	$69B	$16B	4.4x	13.2x
Bayer	$56B	$95B	$53B	1.8x	8.4x
Lonza Group	$51B	$56B	$8.8B	6.3x	19.4x
Jiangsu Hengrui Pharma	$49B	$43B	$4.9B	8.7x	29.9x
UCB	$48B		$9.8B
Sun Pharma	$48B		$6.4B
Revolution Medicines	$46B		$81M
BeOne Medicines	$44B		$6.2B
Teva Pharmaceuticals	$44B		$17B
Otsuka Holdings	$42B		$17B
Sandoz	$40B		$12B
Daiichi Sankyo	$33B		$14B
Biogen	$33B		$10B
Alnylam Pharmaceuticals	$32B		$4.8B
Celltrion	$32B		$3.6B
Zoetis	$32B		$9.4B
Insmed	$29B		$1.4B
BioNTech	$28B		$2.6B
Royalty Pharma	$27B		$3.4B
Astellas Pharma	$27B		$14B
Roivant Sciences	$27B		$25M
Incyte	$26B		$5.6B
Hansoh Pharma	$26B		$2.4B
United Therapeutics	$23B		$3.2B
Innovent Biologics	$22B		$2.3B
Genmab	$20B		$4.2B
Torrent Pharmaceuticals	$20B		$1.7B
Viatris	$19B		$15B
Sichuan Biokin	$18B		$354M
PharmaEssentia	$18B		$711M
Sobi	$17B		$3.4B
Ascendis Pharma	$17B		$1.3B
Alteogen	$17B		$259M
BridgeBio Pharma	$16B		$827M
Jazz Pharmaceuticals	$16B		$4.6B
Kelun-Biotech	$16B		$357M
Ipsen	$16B		$4.9B
Neurocrine Biosciences	$16B		$3.5B
Shionogi	$16B		$3.7B
CSPC Pharma Group	$14B		$4.4B
Baxter International	$14B		$11B
Exelixis	$13B		$2.5B
BioMarin Pharmaceutical	$13B		$3.7B
Yunnan Baiyao Group	$13B		$6.2B
Orion	$13B		$2.4B
Corcept Therapeutics	$13B		$985M
Recordati	$13B		$3.2B
Arrowhead Pharmaceuticals	$13B		$516M
Madrigal Pharmaceuticals	$12B		$1.3B
Elanco	$12B		$5B
Halozyme Therapeutics	$12B		$1.7B
Sino Biopharmaceutical	$12B		$5.1B
Cipla	$12B		$3.1B
Haisco Pharmaceutical	$12B		$819M
Zhangzhou Pientzehuang	$12B		$1.4B
Zydus Lifesciences	$12B		$3B
Axsome Therapeutics	$11B		$846M
Wuxi XDC	$11B		$1.1B
Kelun	$11B		$2.9B
Akeso	$11B		$624M
Cytokinetics	$11B		$127M
Praxis Precision Medicines	$11B		$603K
Kymera Therapeutics	$11B		$82M
Lupin	$11B		$3B
Summit Therapeutics	$10B		$2M
Abivax	$10B		$5M
Mankind Pharma	$10B		$1.6B
Laurus Labs	$10B		$777M
Dr Reddy's Laboratories	$10B		$3.6B
Apogee Therapeutics	$10B		-
Krystal Biotech	$10B		$465M
Ionis Pharmaceuticals	$10B		$925M
Protagonist Therapeutics	$10B		$357M
Nuvalent	$9.8B		$7M
Aurobindo Pharma	$9.7B		$3.8B
Spyre Therapeutics	$9.6B		-
Financiere de Tubize	$9.6B		-
Vaxcyte	$9.4B		-
Immunovant	$9.3B		-
RemeGen	$9.2B		$840M
Krka	$9.2B		$2.5B
Fosun Pharma	$9.1B		$6.2B
Crinetics Pharmaceuticals	$9B		$51M
Eisai Co.	$8.8B		$5.4B
Kyowa Kirin	$8.7B		$3.3B
ImmunityBio	$8.6B		$185M
NewMarket	$8.6B		$2.7B
Alkermes	$8.4B		$1.7B
Shanghai Allist	$8.1B		$759M
Rhythm Pharmaceuticals	$8B		$270M
TG Therapeutics	$7.9B		$834M
Huadong Medicine	$7.8B		$6.8B
ALK	$7.7B		$1.1B
Gedeon Richter	$7.5B		$3B
Ono Pharmaceutical	$7.3B		$3.1B
Oruka Therapeutics	$7.3B		-
Bachem	$7.2B		$1.1B
CG Oncology	$7.2B		$4M
Biocon	$7B		$1.9B
Grifols	$7B		$8.9B
Scholar Rock	$6.9B		$4M
Glenmark Pharma	$6.9B		$1.8B
Belite Bio	$6.8B		-
Samsung Bioepis	$6.8B		$1.3B
Alkem Laboratories	$6.7B		$1.6B
Liquidia	$6.7B		$529M
Arcellx	$6.7B		$23M
Mirum Pharmaceuticals	$6.6B		$634M
Lundbeck	$6.5B		$4B
Caris Life Sciences	$6.4B		$951M
Cogent Biosciences	$6.4B		$4M
Gan and Lee	$6.4B		$656M
Dianthus Therapeutics	$6.4B		$2M
Erasca	$6.3B		-
Amneal Pharmaceuticals	$6.3B		$3.1B
Kiniksa Pharmaceuticals	$6.3B		$879M
Centessa Pharmaceuticals	$6.3B		$15M
Travere Therapeutics	$6.2B		$640M
China Resources Sanjiu	$6.2B		$4.8B
Definium Therapeutics	$6.2B		-
PTC Therapeutics	$6.1B		$1.4B
Terns Pharma	$6.1B		-
Xenon Pharmaceuticals	$6B		$4M
Abbott India	$5.8B		$747M
Ligand Pharmaceuticals	$5.8B		$282M
Wantai BioPharm	$5.8B		-
CRISPR Therapeutics	$5.8B		$25M
Salubris Pharmaceuticals	$5.7B		$723M
Zelgen Biopharmaceuticals	$5.4B		$220M
Sumitomo Chemical	$5.4B		$15B
Caliway Biopharmaceuticals	$5.3B		-
GSK India	$5.3B		$416M
Apellis Pharmaceuticals	$5.3B		$1B
Shanghai Junshi	$5.3B		$438M
3SBio	$5.2B		$1.8B
ACADIA Pharmaceuticals	$5.2B		$1.2B
Chongqing Zhifei	$5.2B		$1.3B
Anthem Biosciences	$5.1B		$239M
Changchun High-Tech	$5.1B		$1.8B
Edgewise Therapeutics	$5B		-
Ipca Laboratories	$5B		$1.1B
Dyne Therapeutics	$5B		-
Beijing Tongrentang	$5B		$2.6B
Shanghai RAAS	$4.9B		-
Dong-E-E-Jiao	$4.9B		$1.1B
Henlius Biotech	$4.9B		$1.1B
Gland Pharma	$4.9B		$712M
SK Biopharmaceuticals	$4.9B		$620M
Dottikon ES Holding	$4.8B		$568M
Ajanta Pharma	$4.8B		$605M
Hikma Pharmaceuticals	$4.7B		$3.4B
Veradermics	$4.6B		-
Indivior Pharmaceuticals	$4.6B		$1.3B
Celcuity	$4.6B		$24M
Amicus Therapeutics	$4.5B		$634M
Relay Therapeutics	$4.5B		$12M
Yuhan	$4.5B		$1.6B
Legend Biotech	$4.4B		$1.3B
Enliven Therapeutics	$4.4B		-
Humanwell Healthcare	$4.3B		-
Shijiazhuang Yiling	$4.3B		$1.2B
Amylyx Pharmaceuticals	$4.3B		-
Tango Therapeutics	$4.2B		$23M
Viking Therapeutics	$4.2B		-
Sumitomo Pharma	$4.1B		$3.1B
Denali Therapeutics	$4.1B		$32M
InnoCare Pharma	$4.1B		$326M
J.B. Chemicals & Pharma	$4B		$459M
Simcere Pharmaceutical Group	$4B		$1.4B
Camurus	$4B		$284M
Santen Pharmaceutical	$3.9B		$1.9B
Amoytop Biotech	$3.9B		$625M
CR Pharmaceutical	$3.9B		$41B
Aspen Pharmacare	$3.9B		$2.3B
Zhejiang Huahai	$3.9B		$1.3B
Arcus Biosciences	$3.9B		$139M
Structure Therapeutics	$3.9B		$26M
Catalyst Pharmaceuticals	$3.9B		$617M
Apeloa Pharmaceutical	$3.8B		$1.5B
IDEAYA Biosciences	$3.8B		$104M
Beijing Tiantan	$3.7B		$762M
Emcure Pharmaceuticals	$3.7B		$1B
China Medical System	$3.7B		$1.3B
Hualan Biological Engineering	$3.7B		$693M
Livzon Pharmaceutical Group	$3.6B		$1.8B
Hanmi Pharm	$3.6B		$1.2B
Iovance Biotherapeutics	$3.6B		$358M
Organon	$3.6B		$6.1B
BB Biotech	$3.6B		-
Walvax Biotechnology	$3.6B		$350M
Tianjin Pharma	$3.6B		-
Laboratorios Rovi	$3.6B		$893M
Betta Pharmaceuticals	$3.5B		$592M
Hebei Changshan	$3.5B		-
Jiangsu Nhwa	$3.4B		$931M
Hubei Jumpcan	$3.4B		$910M
Tasly	$3.4B		$1.3B
NewAmsterdam Pharma	$3.4B		$27M
Zealand Pharma	$3.4B		$986M
Immunome	$3.4B		$3M
uniQure	$3.4B		$20M
Arcutis Biotherapeutics	$3.3B		$479M
ABL Bio	$3.3B		$56M
MBX Biosciences	$3.3B		-
Celldex Therapeutics	$3.3B		$2M
Jilin Aodong	$3.2B		-
Virbac	$3.2B		$1.8B
Tarsus Pharmaceuticals	$3.2B		$620M
Neuland Laboratories	$3.2B		$227M
Yili Chuannig Biotech	$3.1B		$668M
Wockhardt	$3.1B		-
Alumis	$3.1B		$13M
BioArctic	$3.1B		$172M
Peptron	$3.1B		-
Disc Medicine	$3.1B		-
Kanghong Pharmaceutical	$3.1B		$682M
Samchundang Pharm	$3.1B		-
Beam Therapeutics	$3B		$83M
Nurix Therapeutics	$2.9B		$69M
Regencell Bioscience	$2.9B		-
Sinocelltech Group	$2.9B		$228M
Kangmei Pharmaceutical Co.	$2.9B		-
LigaChem Biosciences	$2.8B		$114M
Supernus Pharmaceuticals	$2.8B		$821M
Joincare Pharmaceutical	$2.8B		$2.2B
Hypera	$2.8B		$1.7B
Viridian Therapeutics	$2.8B		$39M
SELLAS Life Sciences	$2.8B		-
Soleno Therapeutics	$2.8B		$190M
Sunshine Lake Pharma	$2.7B		-
AtaiBeckley	$2.7B		$3M
Trevi Therapeutics	$2.7B		-
Almirall	$2.6B		$1.4B
Jamjoom Pharma	$2.6B		$424M
Nektar Therapeutics	$2.6B		$47M
Ultragenyx	$2.6B		$725M
Ocular Therapeutix	$2.6B		$53M
BioCryst Pharma	$2.6B		$766M
Precigen	$2.6B		$152M
Bausch Health	$2.6B		$11B
Nuvation Bio	$2.5B		$151M
Pharvaris	$2.5B		-
Buchang Pharma	$2.5B		-
Anhui Anke Biotechnology	$2.5B		$383M
Kodiak Sciences	$2.5B		-
Brightgene Bio-medical	$2.5B		$186M
China Res Double-Crane	$2.5B		$1.7B
UroGen Pharma	$2.5B		$245M
Grand Pharmaceutical	$2.4B		$1.6B
Hemab Therapeutics	$2.4B		-
ACROBiosystems	$2.4B		$146M
BioKangtai	$2.4B		$399M
Mineralys Therapeutics	$2.4B		-
Kailera Therapeutics	$2.4B		-
Rapport Therapeutics	$2.4B		$13M
Pfizer India	$2.4B		$272M
Vera Therapeutics	$2.3B		$16M
Harmony Biosciences	$2.3B		$974M
Mesoblast	$2.3B		$136M
Dermapharm Holding	$2.3B		$1.4B
Hanall Biopharma	$2.3B		$116M
Bavarian Nordic	$2.3B		$909M
Voronoi	$2.3B		$5M
Nanobiotix	$2.3B		$35M
ADMA Biologics	$2.3B		$526M
Vericel	$2.2B		$315M
Day One Biopharmaceutical	$2.2B		$158M
Hepalink	$2.2B		$787M
United Laboratories International	$2.2B		$1.8B
Granules India	$2.2B		$601M
Generate Biomedicines	$2.2B		$30M
Duality Biotherapeutics	$2.2B		$248M
Palvella Therapeutics	$2.2B		-
Mabwell	$2.2B		$129M
HUTCHMED (China)	$2.2B		$587M
Aurinia Pharmaceuticals	$2.2B		$313M
Biohaven	$2.1B		-
Stoke Therapeutics	$2.1B		$86M
Jinyu Bio-Technology Co.	$2.1B		$245M
Avadel Pharmaceuticals	$2.1B		$307M
SK Bioscience	$2.1B		$478M
Kalbe Farma	$2.1B		$2.1B
Agios Pharmaceuticals	$2.1B		$136M
Taysha GTx	$2.1B		$5M
Sarepta Therapeutics	$2.1B		$2B
Neuren Pharma	$2.1B		$67M
Septerna	$2.1B		$78M
Nanjing King-Friend	$2B		$626M
Xencor	$2B		$137M
GH Research	$2B		-
Zenas BioPharma	$2B		$10M
Zhejiang Wolwo Bio-Pharma	$2B		$172M
Caplin Point Laboratories	$2B		$241M
Damora Therapeutics	$2B		-
AstraZeneca Pharma India	$2B		-
Zymeworks	$1.9B		$231M
Yifan Pharmaceutical	$1.9B		$804M
Jafron Biomedical	$1.9B		$313M
Hugel	$1.9B		$348M
Eris Lifesciences	$1.9B		$342M
Cohance Lifesciences	$1.9B		$239M
Immunocore Holdings	$1.9B		$433M
Recursion Pharmaceuticals	$1.9B		$56M
Intellia Therapeutics	$1.9B		$57M
Guobang Pharma	$1.9B		$929M
Syndax	$1.9B		$267M
Idorsia	$1.8B		$274M
InventisBio	$1.8B		$5M
OneSource Specialty	$1.8B		$183M
BeBetter Med	$1.8B		-
D&D Pharmatech	$1.8B		$8M
Galapagos	$1.8B		$496M
Hualan Biological Vaccine	$1.8B		$174M
ANI Pharmaceuticals	$1.8B		$1B
Galecto	$1.8B		-
Bora Pharmaceuticals	$1.8B		$678M
Tsumura	$1.8B		$1.3B
Cheezheng Tibetan Medicine	$1.8B		-
Eton Pharmaceuticals	$1.8B		$123M
AnaptysBio	$1.8B		$145M
HBM Holdings	$1.7B		$158M
Avalyn Pharma	$1.7B		-
Concord Biotech	$1.7B		$120M
Absci	$1.7B		$3M
Bicara Therapeutics	$1.7B		-
RAPT Therapeutics	$1.7B		-
Alembic Pharmaceuticals	$1.7B		$809M
Pharma Mar	$1.7B		$252M
Vir Biotechnology	$1.7B		$181M
Maze Therapeutics	$1.7B		$13M
Faes Farma	$1.7B		$829M
Natco Pharma	$1.6B		$394M
Yantai Dongcheng	$1.6B		$416M
Forte Biosciences	$1.6B		-
First Tracks Biotherapeutics	$1.6B		-
Lotus Pharmaceutical	$1.6B		$939M
Xeris Biopharma	$1.6B		$353M
Tyra Biosciences	$1.6B		-
Ascentage Pharma Group	$1.6B		$105M
Square Pharma	$1.6B		$699M
LB Pharmaceuticals	$1.6B		-
Nippon Shinyaku	$1.6B		$1.1B
Harrow	$1.6B		$322M
Pacific Shuanglin	$1.6B		-
Innoviva	$1.6B		$434M
Zhejiang Jolly	$1.5B		$507M
PYC Therapeutics	$1.5B		$5M
Marksans Pharma	$1.5B		$334M
ORIC Pharmaceuticals	$1.5B		-
Everest Medicines	$1.5B		$384M
Inhibrx Biosciences	$1.5B		$470K
ArriVent BioPharma	$1.5B		-
Ab&B Bio-Tech	$1.5B		-
Chongqing Genrix	$1.5B		$34M
Novavax	$1.4B		$630M
Cullinan Therapeutics	$1.4B		$8M
Jubilant Pharmova	$1.4B		$908M
MeiraGTx	$1.4B		$245M
Phibro Animal Health	$1.4B		$1.5B
KalVista Pharmaceuticals	$1.4B		$143M
Jade Biosciences	$1.4B		-
SOTHEMA	$1.4B		$407M
MoonLake	$1.4B		-
MannKind	$1.4B		$409M
Replimune Group	$1.4B		$17M
Vor Biopharma	$1.4B		-
Aktis Oncology	$1.4B		$12M
Jiangxi Fushine Pharma	$1.4B		$275M
Mezzion Pharma	$1.4B		-
Alto Neuroscience	$1.4B		-
Celltrion Pharm	$1.4B		-
Alvotech	$1.3B		$611M
Monte Rosa Therapeutics	$1.3B		$79M
Bio-Thera Solutions	$1.3B		-
Liaoning Chengda Biotech	$1.3B		$204M
Omeros	$1.3B		$80M
Sinopep	$1.3B		-
Kolon TissueGene	$1.3B		$4M
Seaport Therapeutics	$1.3B		-
Corvus Pharma	$1.3B		-
Immatics	$1.3B		$49M
Chengdu Easton	$1.3B		$214M
Cosmo	$1.2B		$123M
Uniphar	$1.2B		$3.7B
Sana Biotechnology	$1.2B		-
GNI Group	$1.2B		$225M
Akums Drugs and Pharma	$1.2B		$483M
TOWA Pharmaceutical	$1.2B		$1.8B
Sawai Group Holdings	$1.2B		$1.3B
Guilin Sanjin	$1.2B		-
Blue Jet Healthcare	$1.2B		$108M
Odyssey Therapeutics	$1.2B		$1M
Chengdu Kanghua	$1.2B		$185M
Changchun BCHT	$1.2B		$89M
Savara	$1.1B		$2M
Philogen	$1.1B		$142M
Gen İlaç	$1.1B		-
Ribolia	$1.1B		$42M
Kura Oncology	$1.1B		$87M
Inventiva	$1.1B		$6M
Avalo Therapeutics	$1.1B		$21K
CStone Pharmaceuticals	$1.1B		$52M
Star Lake Bioscience	$1.1B		$2.4B
OPKO Health	$1.1B		$583M
Eczacıbaşı İlaç	$1.1B		-
Kissei Pharmaceutical	$1.1B		$601M
WAVE Life Sciences	$1.1B		$48M
Lexicon Pharmaceuticals	$1.1B		$42M
Janux Therapeutics	$1.1B		$23M
Oscotec	$1.1B		$62M
Solid Biosciences	$1B		-
Annexon	$1B		-
Ardelyx	$1B		$459M
MedinCell	$1B		$36M
Youcare Pharmaceutical	$1B		-
Candel Therapeutics	$1B		-
Zhejiang Ausun	$1B		-
Silence Therapeutics	$1B		$540K
Geron	$1B		$217M
GuangYuYuan Chinese	$1B		-
Basilea Pharmaceutica	$1B		$315M
Ventyx Biosciences	$1B		-
SPIMACO - ADDWAEIH	$998M		$447M
Design Therapeutics	$998M		-
Daewoong Pharmaceutical	$997M		$1.1B
Climb Bio	$996M		-
Olema Pharmaceuticals	$990M		-
Arbutus Biopharma	$985M		$121M
Lepu Biopharma	$974M		$135M
Mega Lifesciences	$972M		$452M
Pacira BioSciences	$971M		$743M
Vetoquinol	$970M		$606M
Strides Pharma	$957M		$539M
Kaken Pharmaceutical	$955M		$501M
Aclaris Therapeutics	$948M		$7M
Immix Biopharma	$939M		-
Keqian Biology	$939M		$139M
Collegium Pharmaceutical	$936M		$816M
DBV Technologies	$931M		$5M
4D Molecular Therapeutics	$926M		$39M
Amphastar Pharma	$925M		$738M
Adlai Nortye	$923M		$13M
SpyGlass Pharma	$911M		-
Biotest	$910M		-
SSY Group	$901M		-
PeptiDream	$892M		$215M
China TCM	$885M		$2B
Theravance	$882M		$93M
Achieve Life Sciences	$878M		-
Rigel Pharmaceuticals	$877M		$302M
HK inno.N	$863M		$769M
TchaikaPharma	$849M		-
Genfit	$840M		$102M
Monopar Therapeutics	$831M		-
Pharming	$831M		$385M
Hisamitsu Pharmaceutical	$828M		$1B
Esperion Therapeutics	$819M		$403M
Bright Minds Biosciences	$814M		-
Aura Biosciences	$808M		-
Center Laboratories	$805M		-
Sanofi India	$800M		$203M
Regenxbio	$793M		$182M
Neurogene	$789M		-
Aarti Pharmalabs	$786M		-
CytomX Therapeutics	$778M		$44M
Guizhou Sanli	$775M		-
Allogene Therapeutics	$770M		$2M
BridgeBio Oncology	$770M		-
Shattuck Labs	$769M		$362K
Nuvectis Pharma	$760M		-
Gyre Therapeutics	$758M		$112M
Phathom Pharmaceuticals	$754M		$265M
CHO Pharma	$742M		-
Senores Pharmaceuticals	$728M		$77M
Oneness Biotech	$727M		-
Tectonic Therapeutic	$724M		-
Ironwood Pharmaceuticals	$720M		$405M
Zevra Therapeutics	$720M		$136M
Astria Therapeutics	$714M		-
XOMA Royalty	$710M		$60M
Knight Therapeutics	$698M		$372M
Tempo Scan Pacific	$697M		-
Zentiva	$695M		-
Clarity Pharmaceuticals	$694M		$5M
Assembly Biosciences	$689M		$57M
Supriya Lifescience	$684M		$93M
Agomab Therapeutics	$677M		-
Autolus Therapeutics	$676M		$123M
Cormedix	$664M		$328M
Verastem	$661M		$86M
Sagimet Biosciences	$658M		-
Zentiva	$656M		-
Nxera Pharma	$652M		$233M
Eikon Therapeutics	$651M		-
MiMedx Group	$649M		$324M
Crescent Biopharma	$643M		$5M
Prime Medicine	$642M		$8M
SK Chemicals	$642M		$1.9B
Valneva	$640M		$186M
Chong Kun Dang Pharma	$635M		$1.3B
ARS Pharmaceuticals	$634M		$115M
Arvinas	$633M		$285M
TTY Biopharm	$617M		$214M
Alkaloid	$613M		-
OmniAb	$609M		$29M
Altimmune	$607M		$15K
Contineum Therapeutics	$603M		$4M
Scribe Therapeutics	$586M		-
Chabiotech	$576M		-
Aquestive Therapeutics	$576M		$48M
Avalon Pharma	$574M		$123M
Ovid Therapeutics	$572M		$3M
enGene	$572M		-
Artiva Biotherapeutics	$572M		-
MapLight Therapeutics	$563M		-
Zura Bio	$560M		-
Kyverna Therapeutics	$549M		-
Medigen Vaccine Biologics	$546M		$19M
Evommune	$545M		$7M
Ocumension	$544M		-
EyePoint	$543M		$12M
TaiMed Biologics	$541M		-
TransThera Sciences	$539M		-
Entera Bio	$538M		$15K
Beximco Pharmaceuticals	$535M		$437M
Boiron	$530M		-
Cabaletta Bio	$526M		-
PKU Healthcare	$522M		-
C4 Therapeutics	$518M		$27M
Relmada Therapeutics	$515M		-
SanBio	$512M		$2M
Pharmicell	$510M		$77M
2seventy bio	$502M		-
Synmosa Biopharma	$502M		$203M
Ocugen	$502M		$5M
Editas Medicine	$499M		$31M
Bioage Labs	$493M		$8M
Hyundai Bioscience	$490M		-
Puma Biotechnology	$490M		$218M
Qyuns Therapeutics	$478M		$117M
Prothena Corp.	$477M		$57M
Onconic Therapeutics	$474M		-
Q32 Bio	$472M		$20M
YungShin Global Holding	$466M		-
Capricor Therapeutics	$464M		$58M
Prelude Therapeutics	$461M		$34M
Eupraxia Pharmaceuticals	$461M		-
Benitec Biopharma	$460M		$3M
Kamada	$457M		$195M
Ever Supreme Bio Technology	$456M		$34M
Rezolute	$454M		$410K
Zhejiang Shouxiangu	$454M		$94M
Allergy Therapuetics	$452M		$82M
Atea Pharmaceuticals	$448M		-
Compass Therapeutics	$447M		-
Valerio Therapeutics	$445M		-
Larimar Therapeutics	$442M		-
Lexeo Therapeutics	$441M		-
Nika Pharmaceuticals	$440M		-
Hansa Biopharma	$438M		$40M
Renata	$438M		$381M
Abclon	$430M		-
Lumosa Therapeutics	$427M		$1M
Dong-A Socio Holdings	$421M		$1.1B
Avacta Group	$420M		$55K
Foghorn Therapeutics	$419M		$33M
Fennec Pharmaceuticals	$413M		$63M
X4 Pharmaceuticals	$412M		$23M
Upstream Bio	$412M		$3M
Blau Farmacêutica	$404M		$358M
Rocket Pharmaceuticals	$401M		$771K
Recbio	$399M		$2M
PureTech Health	$394M		$8M
Enanta Pharmaceuticals	$393M		$64M
GlaxoSmithKline Pakistan	$393M		$244M
Clinuvel Pharmaceuticals	$390M		$70M
Lyell Immunopharma	$386M		$20K
Formycon	$386M		$78M
Novartis India	$383M		-
Century Therapeutics	$382M		$39M
Palisade Bio	$377M		$274K
Zentalis Pharma	$375M		-
Agenus	$372M		$130M
Galectin Therapeutics	$370M		-
Swedencare	$368M		$301M
DiaMedica	$367M		-
Sutro Biopharma	$363M		$69M
Probi	$362M		-
AprilBio	$356M		$7M
Abeona Therapeutics	$351M		$37M
Immuneering	$345M		-
SAB Bio	$344M		-
TYK Medicines	$342M		-
Zota Health Care	$341M		$71M
Boan Biotech	$341M		$114M
Egetis Therapeutics	$340M		$29M
Opus Genetics	$339M		$13M
Vanda Pharmaceuticals	$337M		$237M
Luzhu Biotech	$332M		$435K
Medy-Tox	$332M		$178M
Julphar	$330M		$303M
Cybin	$330M		-
Vicore Pharma Holding	$330M		$145K
Heartseed	$327M		$9M
Ildong Pharmaceutical	$327M		$405M
Elite Pharmaceuticals	$326M		-
Newron Pharmaceuticals	$326M		$17M
Cellectis	$322M		$68M
Fate Therapeutics	$318M		$6M
Cartesian Therapeutics	$317M		$1M
Anavex Life Sciences	$314M		-
Santhera Pharma	$313M		$111M
ProQR Therapeutics	$313M		$19M
Polaris Group	$313M		-
Antibiotice	$313M		-
InflaRx	$312M		$2K
Animalcare Group	$311M		$121M
ProKidney	$309M		$647K
Lavipharm	$309M		-
Tanvex BioPharma	$309M		$13M
Neumora Therapeutics	$308M		-
Entrada Therapeutics	$303M		$16M
Northwest Biotherapeutics	$303M		-
Amarin Corp	$302M		$187M
Fulcrum Therapeutics	$298M		-
PegBio	$298M		-
Duopharma Biotech	$297M		$245M
Biofarm	$296M		-
Racura Oncology	$292M		$3M
Arcturus Therapeutics	$292M		$41M
Camp4 Therapeutics	$292M		$6M
Bicycle Therapeutics	$290M		$39M
Eledon Pharmaceuticals	$288M		-
Shanghai Hile Bio-Tech	$287M		-
ALX Oncology	$285M		-
Invivyd	$283M		$58M
Sionna Therapeutics	$283M		-
Surrozen	$282M		$8M
Dishman Carbogen Amics	$282M		-
Pyxis Oncology	$281M		$5M
Lineage Cell Therapeutics	$278M		$13M
Whitehawk Therapeutics	$278M		$3M
Adagene	$277M		$6M
CytoDyn	$274M		-
Cuorips	$273M		$1M
AFT Pharmaceuticals	$273M		$162M
Transgene	$272M		$9M
Alector	$271M		$15M
Medipost	$267M		-
Oryzon Genomics	$266M		$5M
AIM Vaccine	$266M		$169M
Macrogenics	$266M		$129M
Panacea Biotec	$265M		-
Veraxa Biotech	$263M		-
Jacobson Pharma	$263M		-
Dong-A ST	$261M		$576M
Starpharma	$257M		$12M
Sol-Gel Technologies	$257M		$7M
AC Immune	$257M		$18M
Ourofino	$256M		-
Greenwich LifeSciences	$255M		-
Reig Jofré	$254M		$407M
Sai Parenteral's	$251M		-
Emergent BioSolutions	$251M		$687M
Tiansheng Pharmaceutical	$250M		-
Circio Holding	$250M		-
Organogenesis	$246M		$329M
Akebia Therapeutics	$245M		$211M
Guangzhou Innogen Pharma	$245M		$45M
Conexeu Sciences	$240M		-
Adimmune	$240M		-
Celon Pharma	$236M		$71M
Precision BioSciences	$235M		$21M
Atrium Therapeutics	$235M		$28M
Protara Therapeutics	$234M		-
Innate Pharma	$232M		$48M
Tetratherix	$230M		$3M
Compugen	$229M		$33M
Acumen Pharmaceuticals	$228M		-
Cardiol Therapeutics	$227M		-
AN2 Therapeutics	$225M		-
Immunic	$224M		-
SIGA Technologies	$223M		$72M
Keros Therapeutics	$220M		$99M
Acepodia	$220M		-
Tonix Pharmaceuticals	$218M		$36M
REPLOID Group	$218M		-
Savior Lifetec	$215M		-
Huons Co	$212M		-
PepGen	$211M		-
Satellos Bioscience	$211M		-
Voyager Therapeutics	$210M		$28M
Medeze Group	$209M		$23M
Coherus Oncology	$205M		$54M
Humacyte	$204M		$3M
Nextbiomedical Co	$203M		$14M
Oramed Pharmaceuticals	$199M		$723K
Alpha Cognition	$194M		$20M
Corbus Pharmaceuticals	$193M		$1M
Mayne Pharma Group	$193M		$273M
Journey Medical	$192M		$74M
Cue Biopharma	$191M		$21M
Searle Co.	$190M		$138M
Protalix	$189M		$70M
Semnur Pharmaceuticals	$189M		-
Armata Pharmaceuticals	$189M		$4M
NervGen Pharma	$188M		-
BioVersys	$183M		$2M
Saniona	$183M		-
IMBiologics	$183M		$8M
Nkarta	$182M		-
Flerie	$181M		-
Caribou Biosciences	$176M		$20M
S Biomedics	$176M		$12M
MediWound	$175M		$21M
Sensorion	$174M		$17M
Biomm	$169M		-
OnKure Therapeutics	$168M		$213K
Outlook Therapeutics	$167M		$2M
BioInvent International	$166M		$13M
Karolinska Development	$163M		-
Molecular Partners	$163M		-
Binex	$162M		$128M
Orthocell	$161M		$10M
Jagsonpal Pharma	$161M		-
Mycenax Biotech	$161M		$277M
Tenaya Therapeutics	$160M		$3M
Panion & Bf Biotech	$158M		-
PhotoCure	$156M		$65M
Unicycive	$155M		$875K
Connect Biopharma	$155M		$5M
LENZ Therapeutics	$155M		$18M
Cereno Scientific	$154M		-
Bioxyne	$154M		$56M
Assertio Therapeutics	$152M		$119M
Pyridam Farma	$149M		-
Equillium	$148M		-
Aardvark Therapeutics	$148M		-
Hyloris Pharmaceuticals	$147M		$13M
Genetic Technologies	$145M		-
TuHURA Biosciences	$145M		-
NRX Pharmaceuticals	$144M		$7M
Nykode Therapeutics	$143M		$77K
StemRIM	$140M		-
Kanaph Therapeutics	$140M		$4M
Scancell	$139M		$2M
Dimerix	$138M		$5M
Kotra Industries	$137M		$55M
Heidelberg Pharma	$137M		$8M
Tiziana Life Sciences	$136M		-
Hamlet BioPharma	$136M		-
Milestone Pharmaceuticals	$134M		$3M
Inovio Pharmaceuticals	$134M		$449K
ADC Therapeutics	$133M		$80M
ProMIS Neurosciences	$131M		-
Vytrus Biotech	$131M		-
vTv Therapeutics	$130M		$23M
Nyrada	$130M		-
Curatis Holding	$128M		-
SynAct Pharma	$127M		-
Anixa Biosciences	$126M		-
Black Diamond Therapeutics	$126M		$30M
Indaptus Therapeutics	$125M		-
Orient Europharma Co	$125M		-
Captor Therapeutics	$125M		$7M
Naturland Holding	$124M		-
Genelux	$121M		$3K
Biosyent	$121M		$43M
Bioceltix	$121M		-
NeOnc	$120M		$14K
Actinogen Medical	$119M		-
Easywell Biomedicals	$117M		-
Guerbet	$117M		$897M
Coya Therapeutics	$117M		$4M
Ryvu Therapeutics	$115M		$29M
Cumberland	$115M		-
BGM Group	$112M		-
Lixte Biotechnology	$112M		-
Faron Pharmaceuticals	$112M		$137K
Medivir	$111M		$689K
Fractyl Health	$109M		-
Polaryx Therapeutics	$108M		-
3D Medicines	$107M		-
Cassava Sciences	$107M		-
Oncolytics Biotech	$106M		-
Rani Therapeutics	$106M		$5M
Acrivon Therapeutics	$102M		-
Coeptis Therapeutics	$102M		-
PolyPid	$102M		-
Biomea Fusion	$101M		-
Darya-Varia Laboratoria	$100M		-
Adocia	$100M		$12M
Kalaris Therapeutics	$99M		-
Prestige Biologics	$99M		-
Island Pharmaceuticals	$97M		-
Atara Biotherapeutics	$96M		$45M
RaQualia Pharma	$96M		$26M
Aldeyra Therapeutics	$95M		-
Eurofins-Cerep	$95M		-
Abionyx Pharma	$95M		$5M
Fortress Biotech	$95M		$74M
Cognition Therapeutics	$93M		-
OSE Immunotherapeutics	$93M		$6M
AlzeCure Pharma	$93M		-
IBT	$92M		-
ImmuCell	$92M		-
Eco Animal Health Group	$92M		$120M
Vistin Pharma	$91M		-
Ensol Biosciences	$91M		-
Gain Therapeutics	$90M		-
Rallybio	$90M		$365K
Adicet Bio	$89M		-
Bioton	$88M		-
Zhengye Biotechnology	$88M		-
Nanexa	$86M		-
BRIM Biotechnology	$86M		-
Verrica Pharmaceuticals	$86M		$29M
Laboratorios Richmond	$85M		-
MAIA Biotechnology	$85M		-
EQL Pharma	$83M		$49M
Zomedica	$83M		$32M
Elicio Therapeutics	$82M		-
Recce Pharmaceuticals	$81M		$4M
Telomir Pharmaceuticals	$80M		-
Dicot Pharma	$80M		-
AB Science	$80M		$1M
Citius Oncology	$80M		$12M
OKYO Pharma	$79M		-
Annovis Bio	$79M		-
Agronomics	$79M		-
Dogwood Therapeutics	$79M		-
Alterity Therapeutics	$77M		$2M
Cantourage Group	$77M		$111M
Gossamer Bio	$77M		$42M
Paradigm Biopharma	$74M		-
THX Pharma	$74M		$9M
Replek	$74M		-
Pliant Therapeutics	$72M		-
Dongkoo Bio&Pharma Co	$72M		-
Spero Therapeutics	$72M		$67M
Oncopeptides	$71M		$12M
XBiotech	$70M		-
Cardiff Oncology	$70M		$378K
Vaxcell-Bio	$70M		-
Corestemchemon	$69M		-
Serina Therapeutics	$69M		$47K
Maat Pharma	$69M		$6M
PMV Pharma	$68M		-
Rein Therapeutics	$68M		-
MediciNova	$68M		$477K
Boundless Bio	$65M		-
ImageneBio	$65M		$289K
Shield Therapeutics	$64M		$65M
LTR Pharma	$64M		-
Labiana Health	$62M		$93M
Xilio Therapeutics	$62M		$42M
INmune Bio	$62M		$18K
Lytix Biopharma	$62M		$1M
Heron Therapeutics	$60M		$151M
BioStem Technologies	$60M		$36M
RenovoRx	$59M		$3M
Genenta Science	$59M		-
Cinclus Pharma Holding	$58M		$9M
Prescient Therapeutics	$57M		-
HLB Global	$57M		-
K Pharma	$57M		-
MiNK Therapeutics	$57M		$2M
Immutep	$56M		$15M
Moberg Pharma	$55M		$2M
Intercure	$55M		-
Arovella Therapeutics	$55M		$88K
Amplia Therapeutics	$55M		$2M
Kezar Life Sciences	$54M		-
Clene	$54M		$215K
Orexo	$54M		$2M
XSpray Pharma	$53M		$2M
aTyr Pharma	$52M		$69K
Herantis Pharma	$52M		-
Avecho Biotechnology	$52M		$2M
Cantargia	$52M		$13M
SCYNEXIS	$51M		$8M
TScan Therapeutics	$51M		$8M
Instil Bio	$50M		-
Mereo BioPharma Group	$50M		$181K
Corline Biomedical	$49M		$853K
Seres Therapeutics	$47M		$9M
Vicapsys	$47M		-
Grace Therapeutics	$46M		-
Karyopharm Therapeutics	$45M		$140M
Veru	$45M		-
Mendus	$45M		$497K
Context Therapeutics	$45M		-
Synthaverse	$45M		$13M
Nicox	$43M		$10M
NurExone Biologic	$43M		-
Aligos Therapeutics	$43M		$24M
Incannex	$41M		-
Molecure	$41M		$12M
Intervacc	$40M		$2M
Scilex Holding	$40M		-
Vivoryon Therapeutics	$40M		-
Oncoinvent	$39M		$3M
Prism Biolab	$39M		$4M
Botanix Pharmaceuticals	$39M		$27M
Poltreg	$39M		$2M
Biomind Labs	$38M		-
Medical Developments International	$38M		$31M
J. Molner	$37M		-
MindMaze Therapeutics	$37M		$5M
Sprint Bioscience	$37M		$13M
FibroGen	$36M		$7M
Generation Bio	$36M		-
Jiangsu Wuzhong Pharmaceutical	$35M		-
Quince Therapeutics	$35M		-
Mabion	$34M		$6M
Neurizon Therapeutics	$32M		-
Mira Pharmaceuticals	$32M		-
Lipum	$32M		-
Estrella Immunopharma	$32M		-
Lantern Pharma	$32M		-
Oncocross	$31M		-
NextCure	$31M		-
Radiopharm Theranostics	$31M		$2M
Sangamo Therapeutics	$31M		$40M
Enlivex	$30M		-
Spirit Scientific Co	$30M		-
BeyondSpring	$30M		-
Gensight Biologics	$29M		$9M
Imugene	$29M		$1M
Advicenne	$29M		$7M
ZYUS Life Sciences	$29M		-
Nanogroup	$29M		-
Tevogen Bio	$28M		-
Quantum BioPharma	$28M		-
Medicenna Therapeutics	$28M		-
Isofol Medical	$28M		-
Atossa Therapeutics	$26M		-
Evaxion	$26M		$3M
Longeveron	$26M		$1M
IRLAB Therapeutics	$26M		$7M
BioXcel Therapeutics	$26M		$724K
Klaria Pharma Holding	$26M		-
Actuate Therapeutics	$25M		-
TAO Synergies	$25M		-
Cessatech	$25M		-
Tvardi Therapeutics	$25M		-
Türk İlaç	$25M		-
Jasper Therapeutics	$25M		$2M
Cellectar Biosciences	$25M		-
Barinthus Biotherapeutics	$25M		-
SoftOx Solutions	$24M		-
Arterra Bioscience	$23M		$7M
Celularity	$23M		-
Cocrystal Pharma	$22M		-
SyntekaBio	$22M		$3M
Marker Therapeutics	$22M		$4M
Neurothera Labs	$21M		-
Biophytis	$21M		$640K
CalciMedica	$21M		-
Xbrane Biopharma	$21M		$18M
Modalis Therapeutics	$20M		-
DexTech Medical	$20M		-
Werewolf Therapeutics	$20M		-
Argenica Therapeutics	$20M		$5M
Scienture Holdings	$19M		$3M
Abera Bioscience	$19M		-
Lexaria Bioscience	$19M		$39K
Pluri	$19M		-
Aton	$19M		-
Alzinova	$19M		$2M
Elicera Therapeutics	$19M		-
VYNE Therapeutics	$19M		-
Biotechnology Assets	$19M		-
Noxopharm	$18M		-
Initiator Pharma	$18M		-
Neuroscientific	$18M		-
Citius Pharmaceuticals	$18M		$9M
Kala Bio	$17M		-
Xintela	$17M		$841K
Aelis Farma	$17M		$2M
NextCell Pharma	$17M		$1M
Biofrontera	$17M		-
Tempest Therapeutics	$17M		-
Diamyd Medical	$17M		-
Lipocine	$17M		$1M
Pasithea Therapeutics	$16M		-
Pharma Equity Group	$16M		-
Dare Bioscience	$16M		$2M
Patrys	$16M		-
Psyence Biomedical	$16M		-
Akari Therapeutics	$15M		-
Chemomab Therapeutics	$15M		-
Synlogic	$15M		-
NeuroSense Therapeutics	$15M		-
Celyad Oncology	$15M		-
AcuCort	$15M		$77K
Passage Bio	$15M		-
Poxel	$14M		-
Active Biotech	$14M		-
Anebulo Pharmaceuticals	$14M		-
Scinai Immunotherapeutics	$14M		-
Medicon Hellas	$14M		-
Intensity Therapeutics	$14M		-
Opsy Holding	$13M		-
BioLineRx	$13M		$2M
Biogened	$13M		-
NFL Biosciences	$13M		-
Holista CollTech	$12M		-
Viropro	$12M		-
Avicanna	$12M		-
PDS Biotechnology	$11M		-
Moleculin Biotech	$11M		-
Aspire Biopharma Hldgs	$11M		-
TME Pharma	$11M		-
Skye Bioscience	$11M		-
Vistagen Therapeutics	$11M		$1M
Opthea	$11M		$109K
Vivesto	$10M		-
Marinomed Biotech	$10M		$10M
OncoZenge	$10M		$444K
Lisata Therapeutics	$10M		$36K
Sedania Innovator	$10M		-
Annexin Pharmaceuticals	$10M		-
Pure Biologics	$10M		-
Spago Nanomedical	$10M		-
MetaVia	$10M		-
Exicure	$9M		-
Coegin Pharm	$9M		-
Exact Therapeutics	$9M		-
Cambium Bio	$9M		$439K
InMed Pharmaceuticals	$8M		-
Soligenix	$8M		-
Curative Biotechnology	$8M		-
Immuron	$8M		$6M
FibroBiologics	$8M		-
Addex Therapeutics	$8M		-
Ascelia Pharma	$8M		-
Newbury Pharmaceuticals	$8M		-
Acurx Pharmaceuticals	$8M		-
Ensysce Biosciences	$8M		$5M
Liminatus Pharma	$8M		-
Medicofarma Biotech	$7M		-
Chosa Oncology	$7M		-
Oncodesign Precision Medicine	$7M		$306K
XTL Biopharmaceuticals	$7M		-
Stenocare	$7M		$1M
Hepion Pharmaceuticals	$7M		-
Pila Pharma	$7M		-
Apimeds Pharmaceuticals	$7M		-
Reviva Pharmaceuticals	$7M		-
Biosergen	$6M		-
Tricida	$6M		-
Bolt Biotherapeutics	$6M		$3M
Modus Therapeutics	$6M		-
Bio Green Med Solution	$6M		$747K
Gelteq	$6M		-
PharmaCyte Biotech	$6M		-
Institute of Biomedical	$5M		-
BioAtla	$5M		-
RA Williams Distributors	$5M		-
Genxone	$5M		-
ODI Pharma	$5M		-
Abattis Bioceuticals	$5M		-
Strategic Partners	$5M		-
SILO Pharma	$5M		-
CV Sciences	$5M		-
Instituto Rosenbusch	$4M		-
Geovax Labs	$4M		$904K
Wellgistics Health	$4M		-
HCW Biologics	$4M		$4M
Curis	$4M		$5M
JFL Life Sciences	$4M		-
Reboost Blockchain	$4M		-
Propanc Biopharma	$4M		-
Double Bond	$4M		-
Jupiter Neurosciences	$4M		-
Calidi Biotherapeutics	$4M		-
Matinas BioPharma Hldgs	$4M		-
Cannabis Poland	$3M		-
Genprex	$3M		-
Futura Medical	$3M		$2M
Guard Therapeutics	$3M		-
Invion	$3M		-
Clearmind Medicine	$3M		-
CASI Pharmaceuticals	$3M		-
China SXT Pharmaceuticals	$2M		-
Redwood Scientific Technologies	$2M		-
Incanthera	$2M		-
Gabather	$2M		-
Alligator Bioscience	$2M		-
PharmaLundensis	$2M		-
GlobeImmune	$2M		-
Respiratorius	$2M		-
Cynata Therapeutics	$2M		$2M
Bone Biologics	$2M		-
Nextgen Biomed	$2M		-
Biosenic	$2M		-
Cannovum Cannabis	$2M		-
ExpreS2ion Biotech	$1M		-
Stayble Therapeutics	$1M		-
Aptahem	$1M		-
Clearside Biomedical	$1M		-
Biodexa Pharmaceuticals	$1M		-
Pentixapharm Holding	$1M		-
GeNeuro	$1M		-
Aion Therapeutic	$994K		-
RAMM Pharma	$864K		-
Magle Chemoswed Holding	$849K		$31M
Chimeric Therapeutics	$783K		$3M
Procaps Group	$698K		-
Protagenic Therapeutics	$634K		-
Nidhogg Resources Holding	$564K		-
Pharmadrug	$485K		-
Oxurion	$459K		-
MYND Life Sciences	$387K		-
Lidds	$371K		-
Altamira Therapeutics	$366K		-
bioXXmed	$309K		-
QUIA PHARMA	$305K		-
PCI Biotech Holding	$292K		-
Ocean Biomedical	$186K		-
Aequus Pharmaceuticals	$159K		-
Lipigon Pharmaceuticals	$138K		-
Neovacs	$133K		-
DanCann Pharma	$90K		-
Adynxx	$87K		-
Scorpius Holdings	$61K		-
Itoco	$41K		-
Psycheceutical Bioscience	$28K		-
Easton Pharmaceuticals	$27K		-
Filament Health	$26K		-
Novaccess Global	$12K		-
Evelo Biosciences	$9K		-
Aridis Pharmaceuticals	$9K		-
Gelesis Hldgs	$7K		-
IO Biotech	$7K		-
Statera BioPharma	$7K		-
eFFECTOR Therapeutics	$3K		-
Lipella Pharmaceuticals	$2K		-
Lyra Therapeutics	$1K		-
Iterum Therapeutics	$1K		$800K
Virpax Pharmaceuticals	$0K		-
Indivior	-		$1.3B
AtaiBeckley	-		-
Themis Bioscience	-		-
Origin Life Sciences	-		-
Akston Biosciences	-		-
Athira Pharma	-		-
Adverum Biotechnologies	-		-
Salarius Pharmaceuticals	-		-
GridAI Technologies	-		-
Aspargo Labs	-		-
Starton Therapeutics	-		-
ReqMed Co	-		-
Relief Therapeutics	-		$5M