Drug Development & Therapeutics Valuation Multiples and Public Comps

Drug Development & Therapeutics

See analyst estimates and all valuation multiples for Drug Development & Therapeutics

Company	EV	EV/LTM Revenue	EV/LTM EBITDA
Eli Lilly	$979B	15.7x	35.3x
Johnson & Johnson	$522B	5.6x	14.7x
AbbVie	$461B	7.6x	18.0x
Roche	$338B	4.4x	11.1x
AstraZeneca	$308B	5.3x	15.2x
Merck & Co	$276B	4.3x	9.5x
Novartis	$276B	5.0x	12.1x
Novo Nordisk	$228B	4.8x	9.8x
Amgen	$227B	6.3x	12.7x
Pfizer	$190B	3.0x	7.6x
Gilead Sciences	$172B	5.9x	11.0x
Bristol-Myers Squibb	$135B	2.8x	7.6x
Sanofi	$130B	2.5x	8.3x
GSK	$115B	2.7x	8.0x
Vertex Pharmaceuticals	$104B	8.7x	20.5x
Chugai Pharmaceutical Co	$80.4B	10.1x	19.9x
Regeneron Pharmaceuticals	$73.1B	5.1x	14.4x
Bayer	$72.6B	1.4x	6.5x
Takeda Pharmaceuticals	$70.3B	2.4x	9.1x
Merck KGaA	$69.5B	2.8x	9.8x
Zoetis	$61.3B	6.5x	14.9x
Alnylam Pharmaceuticals	$58.6B	16.2x	89.2x
Haleon	$54.4B	3.7x	14.8x
Jiangsu Hengrui Pharma	$51.8B	11.1x	37.3x
argenx	$51.3B	12.6x	47.0x
Galderma Group	$48.6B	9.4x	40.8x
Teva Pharmaceuticals	$45.7B	2.7x	9.0x
Sun Pharma	$45.6B	7.3x	25.6x
Insmed	$44.0B	88.3x	-39.0x
Fresenius	$43.1B	1.7x	9.8x
Daiichi Sankyo	$41.6B	3.2x	15.5x
BeOne Medicines	$35.6B	6.9x	82.4x
Sandoz	$35.0B	3.1x	14.7x
Biogen	$28.7B	2.9x	9.4x
Otsuka Holdings	$28.3B	1.8x	7.5x
Hansoh Pharma	$27.3B	13.3x	34.8x
Viatris	$25.9B	1.8x	6.2x
Astellas Pharma	$25.7B	2.0x	8.7x
Bausch Health	$22.3B	2.2x	6.3x
Sichuan Biokin	$21.2B	59.7x	39.7x
Innovent Biologics	$19.7B	10.8x	79.9x
Divi's Laboratories	$18.7B	16.3x	50.2x
United Therapeutics	$17.5B	5.5x	10.5x
Incyte	$17.1B	3.5x	11.6x
Grifols	$17.0B	1.9x	8.0x
Genmab	$16.3B	4.5x	11.9x
BridgeBio Pharma	$15.0B	31.8x	-32.3x
Sino Biopharmaceutical	$14.8B	3.2x	12.4x
Elanco	$14.8B	3.2x	16.6x
Zhangzhou Pientzehuang	$14.4B	9.8x	30.0x
Neurocrine Biosciences	$14.4B	5.1x	21.6x
Torrent Pharma	$14.3B	10.2x	31.1x
Recordati	$14.3B	4.7x	12.7x
Jazz Pharmaceuticals	$13.8B	3.3x	14.2x
Akeso	$13.8B	30.0x	-1042.3x
Sobi	$13.8B	4.6x	12.0x
Ascendis Pharma	$13.2B	n/a	n/a
Fosun Pharma	$12.9B	2.2x	12.5x
Revolution Medicines	$12.9B	4004.0x	-11.8x
Summit Therapeutics	$12.6B	n/a	-13.1x
Cipla	$12.6B	3.9x	16.1x
Ionis Pharmaceuticals	$12.5B	14.2x	-33.5x
Kelun-Biotech	$12.5B	45.2x	-265.0x
Madrigal Pharmaceuticals	$12.4B	14.0x	-40.8x
CR Pharmaceutical	$11.8B	0.3x	5.3x
Dr. Reddy's Laboratories	$11.8B	3.1x	12.6x
Ipsen	$11.3B	2.6x	6.8x
Zydus Lifesciences	$10.8B	3.9x	13.9x
Exelixis	$10.8B	4.7x	11.8x
Shionogi	$10.8B	3.5x	8.7x
Mankind Pharma	$10.8B	7.0x	27.8x
Lupin	$10.6B	3.8x	15.0x
Huadong Medicine	$10.3B	1.6x	13.2x
Organon	$10.1B	1.6x	5.3x
CSPC Pharma Group	$10.1B	2.6x	10.1x
Orion	$10.1B	4.7x	12.7x
Roivant Sciences	$9.8B	496.2x	-8.9x
TransThera Sciences	$9.7B	n/a	n/a
BioMarin Pharmaceutical	$9.7B	3.1x	12.7x
Abivax	$9.6B	994.2x	-44.9x
Haisco Pharmaceutical	$9.5B	15.2x	82.5x
Salubris Pharmaceuticals	$9.3B	14.7x	53.0x
Avidity Biosciences	$8.9B	501.6x	-13.7x
Halozyme Therapeutics	$8.8B	6.7x	10.3x
Cytokinetics	$8.3B	106.1x	-14.0x
Eisai Co.	$8.2B	1.6x	12.8x
Corcept Therapeutics	$8.0B	9.9x	n/a
Lundbeck	$7.8B	n/a	n/a
Aurobindo Pharma	$7.7B	2.1x	10.2x
Caliway Biopharmaceuticals	$7.6B	7264.9x	-229.1x
Sumitomo Pharma	$7.6B	2.8x	11.3x
Axsome Therapeutics	$7.4B	12.1x	-43.9x
Nuvalent	$7.3B	n/a	-18.3x
Kyowa Kirin Co	$7.3B	2.4x	10.5x
Alkem Laboratories	$7.2B	4.6x	23.1x
Kelun	$7.2B	2.7x	13.7x
Arrowhead Pharmaceuticals	$7.1B	9.4x	100.3x
SK Biopharmaceuticals	$7.0B	14.8x	49.5x
BioNTech	$6.9B	2.2x	-5.8x
Rhythm Pharmaceuticals	$6.7B	36.8x	-34.4x
Abbott India	$6.7B	8.8x	32.6x
Merus	$6.7B	127.2x	-19.3x
ABL Bio	$6.5B	89.3x	-2549.3x
Krka	$6.5B	2.8x	10.3x
Cidara Therapeutics	$6.5B	66371.3x	n/a
Laurus Labs	$6.4B	9.1x	39.7x
Amneal Pharmaceuticals	$6.4B	2.1x	9.4x
China Resources Sanjiu	$6.2B	1.4x	8.2x
Ono Pharmaceutical	$6.1B	1.9x	8.1x
Yuhan	$6.1B	4.0x	47.3x
Glenmark Pharma	$6.1B	3.6x	19.6x
Hikma Pharmaceuticals	$5.9B	1.8x	7.0x
Regencell Bioscience	$5.9B	n/a	n/a
Cogent Biosciences	$5.9B	n/a	-22.1x
Shanghai Allist	$5.7B	8.2x	22.1x
Moderna	$5.7B	2.8x	-1.8x
Beijing Tongrentang Co	$5.5B	2.1x	12.8x
Krystal Biotech	$5.5B	14.5x	34.2x
PharmaEssentia	$5.4B	11.5x	35.5x
Changchun High-Tech	$5.4B	2.8x	10.9x
Belite Bio	$5.2B	n/a	n/a
TG Therapeutics	$5.2B	8.8x	39.3x
Perrigo	$5.1B	1.2x	7.0x
PTC Therapeutics	$5.1B	2.9x	5.8x
Humanwell Healthcare	$5.0B	1.4x	8.8x
Gedeon Richter	$5.0B	1.8x	4.9x
Gan and Lee	$4.8B	8.3x	25.5x
Protagonist Therapeutics	$4.8B	52.6x	-41.7x
Shanghai Junshi	$4.7B	13.2x	-69.9x
Zhejiang Huahai	$4.6B	3.6x	13.6x
Peptron	$4.6B	n/a	n/a
GSK India	$4.5B	10.6x	32.4x
Amoytop Biotech	$4.5B	8.9x	23.5x
Hypera	$4.5B	3.1x	11.5x
Celcuity	$4.4B	n/a	-27.3x
Kymera Therapeutics	$4.4B	83.0x	-14.1x
LigaChem Biosciences	$4.4B	38.4x	-284.3x
Legend Biotech	$4.4B	4.4x	-29.6x
Praxis Precision Medicines	$4.3B	4657.0x	-15.0x
Apogee Therapeutics	$4.2B	n/a	-15.5x
Tianjin Pharma	$4.2B	5.9x	n/a
Aspen Pharmacare	$4.2B	1.6x	9.1x
Lantheus Holdings	$4.2B	2.8x	7.5x
Shijiazhuang Yiling	$4.1B	3.4x	20.2x
Centessa Pharmaceuticals	$4.1B	n/a	n/a
Ipca Laboratories	$4.1B	3.8x	19.0x
Grand Pharmaceutical	$4.0B	2.6x	8.8x
Scholar Rock	$4.0B	n/a	-10.4x
Sunshine Lake Pharma Co	$3.9B	n/a	n/a
Siegfried	$3.9B	2.3x	10.4x
Zelgen Biopharmaceuticals	$3.9B	34.3x	-398.2x
Hanmi Pharm	$3.9B	3.7x	17.2x
Prestige Consumer Healthcare	$3.8B	3.4x	10.3x
NewAmsterdam Pharma Co	$3.8B	132.8x	n/a
Kangmei Pharmaceutical Co.	$3.8B	n/a	n/a
Akero Therapeutics	$3.7B	n/a	-10.9x
Virbac	$3.7B	2.2x	10.9x
Alkermes	$3.7B	2.5x	9.7x
Arcellx	$3.7B	95.1x	-15.0x
Ligand Pharmaceuticals	$3.7B	14.2x	36.5x
Arcutis Biotherapeutics	$3.6B	10.6x	-314.8x
Asymchem Laboratories	$3.6B	3.9x	15.8x
Laboratorios Rovi	$3.6B	4.3x	15.9x
Samchundang Pharm	$3.6B	n/a	n/a
Mirum Pharmaceuticals	$3.5B	7.1x	-622.4x
Ajanta Pharma	$3.5B	6.2x	23.0x
China Medical System	$3.5B	3.0x	12.9x
Camurus	$3.5B	13.7x	33.8x
ACADIA Pharmaceuticals	$3.4B	3.2x	28.1x
Telix Pharmaceuticals	$3.4B	4.3x	78.4x
Brightgene Bio-medical	$3.4B	18.5x	49.8x
Yili Chuannig Biotech	$3.3B	4.9x	15.7x
Dermapharm	$3.3B	2.4x	8.8x
Immunovant	$3.3B	n/a	-6.5x
CRISPR Therapeutics	$3.3B	328.4x	-5.6x
Crinetics Pharmaceuticals	$3.3B	674.8x	-6.9x
Travere Therapeutics	$3.2B	6.7x	-440.9x
Livzon Pharmaceutical Gr	$3.2B	1.9x	7.1x
Amicus Therapeutics	$3.2B	5.2x	34.9x
Piramal Pharma	$3.2B	3.1x	23.3x
Viking Therapeutics	$3.2B	n/a	-10.0x
Dong-E-E-Jiao	$3.2B	3.4x	11.2x
PegBio Co	$3.1B	n/a	n/a
Betta Pharmaceuticals	$3.1B	6.2x	18.1x
Almirall	$3.1B	2.5x	11.7x
Jilin Aodong	$3.1B	n/a	n/a
Kanghong Pharmaceutical	$3.1B	4.4x	n/a
Emcure Pharmaceuticals	$3.1B	3.2x	16.5x
Tarsus Pharmaceuticals	$3.1B	7.2x	-45.4x
Ascentage Pharma	$3.1B	38.7x	-24.3x
Ascentage Pharma Group	$3.0B	38.0x	-23.9x
J.B. Chemicals & Pharma	$3.0B	6.4x	23.3x
Voronoi	$2.9B	668.1x	-90.2x
Gland Pharma	$2.9B	4.3x	17.9x
Jiangsu Nhwa	$2.9B	3.3x	13.7x
Zealand Pharma	$2.9B	2.4x	2.9x
Xenon Pharmaceuticals	$2.9B	416.9x	-8.2x
Tasly	$2.9B	2.3x	10.3x
Wockhardt	$2.9B	n/a	n/a
Kalbe Farma	$2.9B	1.4x	9.2x
Disc Medicine	$2.9B	n/a	-12.6x
Liquidia	$2.8B	20.3x	n/a
Ultragenyx	$2.8B	4.4x	-5.7x
Santen Pharmaceutical	$2.8B	1.5x	7.0x
Buchang Pharma	$2.8B	n/a	n/a
CG Oncology	$2.8B	1017.8x	-14.8x
InnoCare Pharma	$2.8B	11.5x	-225.4x
Lotus Pharmaceutical	$2.8B	4.5x	10.9x
Kiniksa Pharmaceuticals	$2.8B	4.2x	28.9x
Alvotech	$2.7B	4.7x	20.0x
Adaptive Biotech	$2.7B	10.6x	-350.1x
D&D Pharmatech	$2.7B	n/a	n/a
Viridian Therapeutics	$2.7B	34.1x	-10.0x
Jamjoom Pharma	$2.7B	6.7x	20.1x
United Laboratories International	$2.7B	1.4x	4.8x
Apellis Pharmaceuticals	$2.7B	2.7x	45.7x
Eris Lifesciences	$2.7B	7.5x	20.9x
Mineralys Therapeutics	$2.6B	n/a	-13.7x
Idorsia	$2.6B	10.4x	-29.9x
Hybio Pharmaceutical	$2.6B	n/a	n/a
China Res Double-Crane	$2.6B	1.6x	7.0x
Bora Pharmaceuticals	$2.6B	4.1x	13.6x
ImmunityBio	$2.5B	24.6x	n/a
BioArctic	$2.5B	12.9x	21.7x
AstraZeneca India	$2.5B	n/a	n/a
Arcus Biosciences	$2.5B	10.1x	-7.0x
BioKangtai	$2.5B	6.0x	21.4x
Sarepta Therapeutics	$2.5B	1.2x	-8.0x
Inner Mongolia Furui Medical Science	$2.4B	10.5x	n/a
Neuland Laboratories	$2.4B	12.2x	47.2x
Phibro Animal Health	$2.4B	1.7x	11.4x
Apeloa Pharmaceutical	$2.3B	1.5x	9.2x
Supernus Pharmaceuticals	$2.3B	3.3x	17.7x
Yifan Pharmaceutical	$2.3B	2.8x	13.4x
Dyne Therapeutics	$2.3B	n/a	-5.2x
Pfizer India	$2.3B	8.5x	24.5x
IDEAYA Biosciences	$2.2B	11.2x	-13.3x
ANI Pharmaceuticals	$2.2B	2.6x	10.2x
Ocular Therapeutix	$2.2B	40.1x	-8.6x
TOWA Pharmaceutical	$2.2B	1.3x	7.4x
Nuvation Bio	$2.2B	43.2x	n/a
Soleno Therapeutics	$2.2B	13.0x	n/a
Terns Pharma	$2.2B	n/a	-19.6x
Jubilant Pharmova	$2.2B	2.5x	14.9x
Nanjing King-Friend	$2.2B	3.5x	13.8x
Fagron	$2.2B	2.0x	9.9x
Ab&B Bio-Tech Co	$2.2B	n/a	n/a
Mesoblast	$2.1B	41.9x	-52.0x
Alembic Pharmaceuticals	$2.1B	2.7x	16.6x
Edgewise Therapeutics	$2.1B	n/a	-11.6x
Tsumura	$2.1B	1.7x	6.8x
Hubei Jumpcan	$2.1B	2.3x	n/a
Catalyst Pharmaceuticals	$2.1B	3.7x	7.7x
Zhejiang Wolwo Bio-Pharma	$2.1B	13.9x	n/a
Sai Life Sciences	$2.1B	9.1x	35.0x
Spyre Therapeutics	$2.1B	n/a	-9.7x
Avadel Pharmaceuticals	$2.0B	7.5x	66.9x
Collegium Pharmaceutical	$2.0B	2.6x	4.4x
Star Lake Bioscience	$2.0B	0.8x	5.7x
InventisBio Co	$2.0B	79.8x	-54.3x
Everest Medicines	$1.9B	8.5x	-79.1x
BioCryst Pharma	$1.9B	3.2x	19.8x
Sawai Group Holdings	$1.9B	1.5x	8.0x
Vericel	$1.9B	7.1x	27.9x
Olema Pharmaceuticals	$1.9B	n/a	-11.5x
Jiuzhou Pharmaceutical	$1.9B	2.4x	9.0x
Sinopep	$1.9B	6.7x	14.2x
Celltrion Pharm	$1.9B	n/a	n/a
Denali Therapeutics	$1.9B	755.3x	-3.6x
Aurinia Pharmaceuticals	$1.9B	6.7x	n/a
Hanall Biopharma	$1.8B	17.1x	368.4x
Daewoong Pharmaceutical	$1.8B	1.8x	11.1x
Zymeworks	$1.7B	14.4x	-29.6x
Joincare Pharmaceutical	$1.7B	0.8x	4.5x
Cheezheng Tibetan Medicine	$1.7B	n/a	n/a
Yantai Dongcheng	$1.7B	4.0x	n/a
Zhejiang Jolly	$1.7B	4.1x	18.1x
Faes Farma	$1.7B	2.5x	11.8x
Zenas BioPharma	$1.7B	52.0x	-8.5x
Recursion Pharmaceuticals	$1.7B	27.4x	-2.7x
Vera Therapeutics	$1.7B	n/a	-5.9x
Granules India	$1.7B	3.0x	14.2x
Harrow	$1.7B	6.1x	24.1x
Amphastar Pharma	$1.6B	2.3x	6.2x
Harmony Biosciences Hldgs	$1.5B	1.8x	5.7x
Certara	$1.5B	3.7x	11.6x
MannKind	$1.5B	4.5x	n/a
Oscotec	$1.5B	49.7x	n/a
Beam Therapeutics	$1.5B	38.5x	-3.2x
Caplin Point Laboratories	$1.5B	6.4x	18.4x
Trevi Therapeutics	$1.5B	n/a	-28.2x
SSY Group	$1.5B	2.5x	11.1x
Sionna Therapeutics	$1.5B	n/a	-17.1x
BGM Group	$1.5B	n/a	n/a
Bio-Thera Solutions	$1.5B	n/a	n/a
Stoke Therapeutics	$1.5B	8.3x	447.1x
Eczacıbaşı	$1.5B	n/a	n/a
Dianthus Therapeutics	$1.5B	561.6x	n/a
Youcare Pharmaceutical	$1.4B	n/a	n/a
Maze Therapeutics	$1.4B	112.8x	-11.6x
Natco Pharma	$1.4B	3.1x	7.5x
Immunocore Holdings	$1.4B	n/a	n/a
Immunome	$1.4B	179.2x	-6.5x
Gen Ilac	$1.4B	n/a	n/a
Neuren Pharma	$1.4B	26.3x	64.0x
Jiangxi Fushine Pharma Co	$1.4B	n/a	n/a
Lepu Biopharma	$1.4B	13.9x	n/a
Nurix Therapeutics	$1.3B	15.8x	-5.2x
Pharma Mar	$1.3B	5.8x	33.5x
UroGen Pharma	$1.3B	11.9x	-11.5x
Ardelyx	$1.3B	3.3x	-291.3x
Xeris Biopharma	$1.3B	4.7x	27.0x
Innoviva	$1.3B	3.3x	n/a
Pharvaris	$1.3B	n/a	-7.1x
Structure Therapeutics	$1.3B	1337.9x	-5.0x
PeptiDream	$1.3B	5.0x	28.5x
BoneSupport	$1.3B	10.6x	53.3x
China TCM	$1.3B	0.6x	6.4x
Aurisco Pharmaceutical	$1.3B	5.2x	15.3x
Biohaven	$1.3B	n/a	-1.8x
GuangYuYuan Chinese	$1.3B	7.5x	56.4x
HUTCHMED	$1.3B	2.2x	-238.8x
Tango Therapeutics	$1.3B	21.0x	n/a
Atai Beckley	$1.3B	458.3x	-12.7x
Genomma Lab	$1.3B	1.2x	5.3x
Precigen	$1.3B	96.9x	-9.8x
HK inno.N	$1.3B	1.8x	12.4x
Chongqing Genrix	$1.2B	37.0x	-11.4x
Amylyx Pharmaceuticals	$1.2B	182.9x	n/a
HBM Holdings	$1.2B	8.5x	13.0x
Syndax	$1.2B	7.7x	-4.5x
Pacira BioSciences	$1.2B	1.6x	5.8x
Upstream Bio	$1.2B	457.8x	-8.1x
Hisamitsu Pharmaceutical	$1.2B	1.2x	n/a
SPIMACO - ADDWAEIH	$1.2B	2.5x	13.8x
Cosmo Pharmaceuticals	$1.2B	8.6x	32.4x
Kodiak Sciences	$1.2B	n/a	-5.0x
Nippon Shinyaku	$1.2B	1.1x	4.5x
Chengdu Easton	$1.1B	5.8x	26.2x
Celldex Therapeutics	$1.1B	366.4x	-4.5x
Phathom Pharmaceuticals	$1.1B	6.9x	-7.6x
Biosergen	$1.1B	n/a	n/a
Inhibrx Biosciences	$1.1B	928.3x	n/a
Guilin Sanjin	$1.1B	n/a	n/a
Esperion Therapeutics	$1.1B	2.8x	38.4x
Sanofi India	$1.1B	5.0x	18.5x
Savara	$1.1B	n/a	n/a
MBX Biosciences	$1.1B	n/a	-10.4x
Strides Pharma	$1.1B	2.0x	10.8x
Janux Therapeutics	$1.1B	112.8x	-6.9x
Nektar Therapeutics	$1.1B	22.5x	-7.3x
Medincell	$1.1B	31.6x	-139.4x
Pharming	$1.1B	3.1x	25.6x
WAVE Life Sciences	$1.1B	23.1x	-9.7x
Palvella Therapeutics	$1.1B	n/a	-29.8x
Oxford BioMedica	$1.1B	5.0x	-3179.0x
PolyPeptide	$1.0B	2.2x	22.1x
Zhejiang Ausun	$1.0B	n/a	n/a
Square Pharma	$1.0B	n/a	n/a
Mind Medicine	$1.0B	n/a	-6.6x
CStone Pharmaceuticals	$1.0B	33.2x	-29.2x
TchaikaPharma	$1.0B	n/a	n/a
Ironwood Pharmaceuticals	$1.0B	3.4x	7.0x
uniQure	$1.0B	60.0x	-6.1x
Nanobiotix	$1.0B	28.7x	-33.8x
BioGaia	$1.0B	6.5x	22.6x
Lumosa Therapeutics Co	$1.0B	n/a	n/a
Center Laboratories	$999M	n/a	n/a
EyePoint Pharmaceuticals	$998M	30.6x	-4.5x
Sana Biotechnology	$995M	n/a	-4.8x
Evotec	$991M	1.1x	26.6x
Taysha GTx	$985M	162.6x	-8.6x
Emergent BioSolutions	$984M	1.2x	4.9x
Schrödinger	$975M	3.9x	-6.3x
Philogen	$952M	2.5x	2.9x
Marksans Pharma	$936M	n/a	n/a
Oneness Biotech	$932M	n/a	n/a
Oculis Holding	$921M	867.5x	-9.5x
Sido Muncul	$920M	3.8x	9.3x
AnaptysBio	$909M	4.6x	-27.1x
Dynavax	$895M	2.7x	33.6x
Allergy Therapuetics	$884M	10.4x	-43.9x
Cormedix	$865M	3.0x	n/a
Rapport Therapeutics	$860M	n/a	-7.5x
Kissei Pharmaceutical	$843M	1.4x	12.1x
Omeros	$842M	n/a	n/a
Tyra Biosciences	$842M	n/a	-6.6x
Chong Kun Dang Pharma	$836M	0.7x	n/a
Valneva	$833M	4.2x	-19.3x
Boan Biotech	$812M	6.8x	24.3x
GemPharmatech	$803M	7.3x	26.3x
ORIC Pharmaceuticals	$802M	n/a	-5.6x
Vetoquinol	$802M	1.3x	6.6x
Swedencare	$793M	2.8x	13.8x
Septerna	$786M	23.3x	-12.3x
Rigel Pharmaceuticals	$782M	2.8x	6.7x
Polaris Group	$779M	n/a	n/a
Xencor	$777M	6.0x	-4.7x
Immatics	$766M	13.8x	-3.9x
Guizhou Sanli	$762M	3.6x	13.1x
Compass Therapeutics	$761M	11374.9x	n/a
Clarity Pharmaceuticals	$759M	137.3x	-15.7x
Organogenesis	$753M	1.5x	13.1x
LENZ Therapeutics	$750M	42.9x	-9.7x
Gossamer Bio	$749M	15.7x	-4.9x
ARS Pharmaceuticals	$739M	9.0x	-245.9x
Alkaloid	$734M	n/a	n/a
Verastem	$731M	25.1x	n/a
CureVac	$725M	6.4x	-7.1x
Relay Therapeutics	$719M	57.1x	-2.2x
RAPT Therapeutics	$718M	n/a	-8.5x
Zentiva	$717M	n/a	n/a
Arbutus Biopharma	$717M	53.5x	n/a
Agios Pharmaceuticals	$715M	15.8x	-1.5x
Basilea Pharmaceutica	$714M	2.6x	11.1x
Inventiva	$712M	75.6x	-6.1x
Theravance	$709M	7.1x	n/a
MeiraGTx	$704M	27.8x	n/a
Nxera Pharma	$701M	3.2x	40.4x
Enliven Therapeutics	$701M	91091.8x	-6.2x
Rezolute	$700M	n/a	n/a
GNI Group	$699M	3.9x	4.6x
Pyridam Farma	$685M	n/a	n/a
AbCellera	$685M	19.3x	-3.0x
Monte Rosa Therapeutics	$676M	5.1x	-15.5x
Aquestive Therapeutics	$669M	14.6x	-14.5x
Bicara Therapeutics	$661M	n/a	-4.6x
Middle East Pharma	$645M	6.1x	22.6x
Iovance Biotherapeutics	$637M	2.5x	-1.7x
MoonLake	$634M	n/a	-2.7x
PharmaNutra	$632M	4.2x	16.3x
ArriVent BioPharma	$629M	n/a	-4.2x
TTY Biopharm	$623M	3.0x	611.7x
Erasca	$611M	n/a	-4.2x
Invivyd	$610M	12.5x	-9.4x
GH Research	$594M	n/a	-10.3x
TYK Medicines	$593M	n/a	-18.6x
Astria Therapeutics	$592M	90.6x	-3.8x
CytomX Therapeutics	$589M	6.7x	-72.6x
Kaken Pharmaceutical	$586M	1.0x	8.0x
TaiMed Biologics	$576M	29.6x	-184.5x
Corvus Pharma	$571M	n/a	n/a
Intellia Therapeutics	$562M	9.9x	-1.3x
Evolus	$553M	1.9x	-28.4x
Elite Pharmaceuticals	$553M	n/a	n/a
Akums	$550M	1.2x	10.2x
Abclon	$547M	n/a	n/a
KalVista Pharmaceuticals	$544M	30.1x	n/a
Synmosa Biopharma	$538M	n/a	n/a
Lexeo Therapeutics	$537M	n/a	-4.9x
Prime Medicine	$537M	97.8x	-2.8x
Boiron	$535M	0.9x	6.0x
Sutro Biopharma	$532M	5.5x	-3.3x
Replimune Group	$514M	455.2x	-1.6x
Grape King Bio	$514M	n/a	n/a
Renata	$511M	n/a	n/a
Opthea	$509M	20398.2x	n/a
Tempo Scan Pacific	$509M	n/a	n/a
Geron	$501M	2.8x	n/a
PYC Therapeutics	$487M	35.9x	-10.8x
Ventyx Biosciences	$487M	n/a	-3.9x
Avacta Group	$484M	245.1x	-15.3x
Newron Pharmaceuticals	$480M	21.3x	-22.9x
XOMA Royalty	$470M	9.8x	27.7x
Galectin Therapeutics	$467M	n/a	n/a
Kura Oncology	$465M	3.9x	-2.1x
DBV Technologies	$457M	83.5x	-4.2x
Annexon	$454M	n/a	-2.1x
Formycon	$454M	7.0x	-20.9x
Day One Biopharmaceutical	$453M	3.1x	-3.5x
YungShin Global Holdings	$451M	n/a	n/a
Regenxbio	$440M	2.3x	-3.9x
Vir Biotechnology	$438M	37.6x	-0.8x
Lexicon Pharmaceuticals	$436M	9.4x	-6.1x
CytoDyn	$435M	n/a	n/a
Alumis	$427M	18.6x	-1.7x
GlaxoSmithKline Pakistan	$426M	1.9x	n/a
Hansa Biopharma	$422M	18.2x	-8.3x
Antibiotice	$421M	2.2x	9.5x
Blau Farmacêutica	$420M	1.2x	4.7x
Knight Therapeutics	$419M	1.4x	9.5x
Monopar Therapeutics	$411M	n/a	n/a
Armata Pharmaceuticals	$409M	77.3x	-12.8x
Eton Pharmaceuticals	$408M	5.2x	25.7x
ADC Therapeutics	$408M	5.4x	n/a
Senores Pharmaceuticals	$396M	6.3x	24.6x
Scinopharm Taiwan	$380M	3.7x	n/a
Cellectis	$374M	5.5x	-6.7x
DiaMedica	$371M	n/a	-10.6x
Ocugen	$369M	74.1x	n/a
enGene	$358M	n/a	-3.1x
Hyundai Bioscience	$345M	n/a	n/a
Duopharma Biotech	$345M	1.5x	7.8x
Lineage Cell Therapeutics	$344M	34.9x	-9.9x
Kamada	$343M	1.9x	7.9x
Fulcrum Therapeutics	$341M	55.5x	n/a
Julphar	$338M	1.2x	9.4x
Abbott Laboratories (Pakistan)	$336M	1.4x	n/a
Jiangsu Wuzhong Pharmaceutical	$334M	n/a	n/a
Zevra Therapeutics	$333M	3.5x	-5.1x
NervGen Pharma	$326M	n/a	-23.2x
Race Oncology	$325M	164.7x	-33.5x
Procaps Group	$322M	n/a	n/a
Benitec Biopharma	$320M	n/a	n/a
Altimmune	$320M	29677.1x	-3.5x
4D Molecular Therapeutics	$318M	10.3x	-1.6x
Laboratorio Reig Jofre	$317M	0.8x	9.5x
Celon Pharma	$314M	4.5x	28.6x
Simulations Plus	$313M	3.9x	14.0x
Absci	$311M	83.5x	-3.0x
Relmada Therapeutics	$310M	n/a	n/a
Assembly Biosciences	$306M	8.4x	n/a
Design Therapeutics	$306M	n/a	n/a
Heron Therapeutics	$304M	2.0x	35.3x
Cullinan Therapeutics	$304M	48.8x	-1.4x
Faron Pharmaceuticals	$297M	5316267.3x	-11.1x
Alto Neuroscience	$295M	n/a	-4.2x
Ourofino	$293M	1.5x	6.9x
Dogwood Therapeutics	$289M	n/a	n/a
Akebia Therapeutics	$287M	1.2x	n/a
Cereno Scientific	$279M	n/a	-41.6x
Enanta Pharmaceuticals	$277M	4.2x	-3.5x
Oryzon Genomics	$271M	n/a	-51.9x
Flerie	$260M	n/a	n/a
Neumora Therapeutics	$260M	n/a	-1.1x
Fennec Pharmaceuticals	$259M	5.7x	44.0x
Alpha Teknova	$256M	6.4x	-30.8x
Aldeyra Therapeutics	$255M	n/a	n/a
PepGen	$252M	n/a	n/a
SIGA Technologies	$250M	2.5x	7.8x
Aura Biosciences	$250M	n/a	n/a
Cybin	$249M	n/a	-2.2x
Karyopharm Therapeutics	$249M	1.7x	n/a
Clinuvel Pharmaceuticals	$245M	3.8x	8.3x
Searle Co.	$245M	n/a	n/a
Eupraxia Pharmaceuticals	$243M	n/a	n/a
Animalcare Group	$242M	2.1x	10.6x
Anavex Life Sciences	$239M	6.1x	n/a
Immuneering	$234M	n/a	n/a
Santhera Pharma	$232M	2.7x	-10.5x
AFT Pharmaceuticals	$231M	1.7x	15.8x
Prothena Corp.	$231M	11.3x	n/a
X4 Pharmaceuticals	$231M	7.2x	n/a
iAnthus Capital	$229M	n/a	n/a
Capricor Therapeutics	$220M	92.1x	-2.2x
Pyxis Oncology	$216M	56.5x	n/a
OmniAb	$212M	10.7x	-5.0x
Achieve Life Sciences	$209M	n/a	n/a
Journey Medical	$207M	3.2x	76.1x
Vicore Pharma Holding	$206M	196.7x	-5.3x
Tiziana Life Sciences	$206M	n/a	n/a
EQL Pharma	$205M	4.7x	23.1x
Voyager Therapeutics	$205M	5.3x	-1.7x
Egetis Therapeutics	$204M	25.3x	-6.7x
Milestone Pharmaceuticals	$204M	n/a	-4.8x
Enlivex Therapeutics	$200M	n/a	n/a
Fractyl Health	$198M	27797.8x	-2.1x
Puma Biotechnology	$197M	0.9x	n/a
Lavipharm	$196M	n/a	n/a
Seres Therapeutics	$194M	732.0x	-1.6x
Lyell Immunopharma	$194M	7605.4x	-1.1x
Avalo Therapeutics	$193M	5711.7x	n/a
Saniona	$192M	43.3x	5.7x
Solid Biosciences	$192M	n/a	-1.1x
Agenus	$189M	1.3x	n/a
Immutep	$186M	50.1x	-4.1x
Actuate Therapeutics	$173M	n/a	n/a
Adocia	$173M	5.9x	n/a
Hyloris Pharmaceuticals	$172M	14.2x	-15.5x
Scilex Holding	$170M	4.4x	n/a
SELLAS Life Sciences	$170M	n/a	n/a
MediWound	$170M	7.5x	-8.6x
Tenaya Therapeutics	$168M	n/a	-1.8x
Quince Therapeutics	$168M	n/a	n/a
Genelux	$168M	274015.1x	-6.7x
Transgene	$168M	15.8x	-4.4x
Candel Therapeutics	$166M	n/a	-3.7x
Ryvu Therapeutics	$165M	6.8x	-6.9x
Abionyx Pharma	$163M	29.3x	-12.1x
Rani Therapeutics	$158M	32.4x	n/a
Medeze Group	$156M	6.0x	17.3x
Adverum Biotechnologies	$156M	595.3x	-0.8x
Silence Therapeutics	$153M	n/a	n/a
Shield Therapeutics	$153M	2.9x	-16.1x
Dimerix	$152M	20.7x	-13.0x
Elicio Therapeutics	$150M	n/a	n/a
Innate Pharma	$146M	8.6x	-2.8x
China SXT Pharmaceuticals	$146M	n/a	n/a
AC Immune	$146M	19.8x	n/a
Oncopeptides	$146M	17.3x	-6.4x
Genfit	$145M	1.7x	-4.5x
Rocket Pharmaceuticals	$144M	n/a	-0.6x
Contineum Therapeutics	$144M	31.1x	-2.1x
XSpray Pharma	$142M	11.6x	-9.8x
Citius Oncology	$141M	12.9x	n/a
Biofarm	$141M	n/a	n/a
Botanix Pharmaceuticals	$140M	9.7x	-3.4x
PhotoCure	$139M	2.5x	21.6x
Kotra Industries	$139M	2.3x	8.4x
Sangamo Therapeutics	$139M	2.1x	-2.9x
Orexo	$138M	2.5x	127.4x
Diamyd Medical	$135M	21.3x	-11.8x
Easywell Biomedicals	$134M	n/a	n/a
OSE Immunotherapeutics	$134M	2.6x	15.9x
Allogene Therapeutics	$133M	37580.9x	-0.6x
Larimar Therapeutics	$133M	n/a	-1.0x
Scancell	$132M	41.4x	-7.1x
Protara Therapeutics	$131M	n/a	n/a
Heidelberg Pharma	$130M	13.7x	-3.9x
Anixa Biosciences	$129M	n/a	n/a
Kyverna Therapeutics	$129M	n/a	-0.8x
Bioceltix	$128M	n/a	n/a
Turk İlaç	$125M	n/a	n/a
Celularity	$124M	n/a	n/a
Immix Biopharma	$120M	n/a	-4.7x
4basebio	$120M	52.5x	-5.6x
BioInvent International	$120M	5.1x	-3.3x
Valerio Therapeutics	$119M	n/a	n/a
ProQR Therapeutics	$118M	4.9x	22.2x
BioXcel Therapeutics	$118M	168.5x	-2.1x
Acepodia	$118M	n/a	n/a
Nuvectis Pharma	$117M	n/a	-4.3x
Gain Therapeutics	$116M	n/a	n/a
Ovid Therapeutics	$116M	19.0x	n/a
Tectonic Therapeutic	$116M	n/a	n/a
C4 Therapeutics	$116M	3.8x	-1.2x
MariMed	$115M	0.7x	6.4x
Vivani Medical	$113M	n/a	n/a
Intercure	$112M	1.7x	n/a
SynAct Pharma	$112M	n/a	-8.4x
Zhengye Biotechnology	$111M	n/a	n/a
Naturland Holding	$111M	n/a	n/a
Greenwich LifeSciences	$110M	n/a	n/a
Outlook Therapeutics	$108M	10.1x	n/a
Opus Genetics	$108M	8.1x	n/a
Anika Therapeutics	$107M	1.0x	39.9x
Bioton	$106M	1.5x	9.3x
Actinogen Medical	$106M	59.0x	-9.8x
AB Science	$105M	90.4x	-15.0x
Cantargia	$105M	5.5x	358.9x
Sagimet Biosciences	$105M	n/a	-1.7x
Entrada Therapeutics	$104M	2.3x	n/a
Annovis Bio	$104M	n/a	-3.8x
Precision BioSciences	$104M	8.7x	-1.5x
Cognition Therapeutics	$103M	n/a	n/a
Zura Bio	$103M	n/a	n/a
Synthaverse	$103M	7.0x	23.8x
Coya Therapeutics	$102M	17.9x	n/a
Captor Therapeutics	$102M	15.8x	-11.5x
Recce Pharmaceuticals	$102M	24.9x	-7.4x
Atara Biotherapeutics	$101M	0.8x	3.3x
Connect Biopharma	$101M	48.8x	n/a
Cabaletta Bio	$99.8M	n/a	-0.6x
Vistagen Therapeutics	$99.7M	131.0x	n/a
Black Diamond Therapeutics	$99.0M	1.5x	n/a
PureTech Health	$98.7M	20.6x	-0.7x
Starpharma	$98.3M	15.7x	-25.2x
Entera Bio	$96.7M	240.6x	n/a
Hamlet BioPharma	$96.3M	n/a	n/a
Tevogen Bio	$95.6M	n/a	n/a
Inovio Pharmaceuticals	$91.1M	927.4x	n/a
Foghorn Therapeutics	$91.1M	2.9x	-1.4x
Paradigm Biopharma	$90.0M	33.8x	-4.6x
Vistin Pharma	$88.0M	n/a	n/a
Sol-Gel Technologies	$88.0M	n/a	n/a
Corbus Pharmaceuticals	$86.8M	56.4x	n/a
Unicycive	$86.8M	n/a	n/a
Anebulo Pharmaceuticals	$86.6M	n/a	n/a
Cardiff Oncology	$86.6M	180.6x	n/a
Verrica Pharmaceuticals	$86.3M	2.5x	n/a
Darya-Varia Laboratoria	$86.2M	n/a	n/a
FibroGen	$84.9M	10.0x	-1.8x
Replek	$84.7M	n/a	n/a
Cardiol Therapeutics	$84.1M	n/a	-4.2x
Mersana Therapeutics	$83.0M	3.1x	n/a
Camp4 Therapeutics	$83.0M	25.9x	-1.5x
Instil Bio	$82.8M	n/a	n/a
Spero Therapeutics	$82.6M	3.0x	n/a
ArcticZymes	$82.0M	7.5x	113.4x
Aardvark Therapeutics	$81.5M	n/a	-1.6x
Labiana Health	$78.1M	n/a	n/a
Abeona Therapeutics	$76.0M	14.2x	n/a
SAB Bio	$75.7M	746.6x	n/a
Dicot Pharma	$75.5M	n/a	n/a
Curatis Holding	$73.9M	5.1x	-258.0x
Magle Chemoswed Holding	$73.2M	2.9x	11.7x
BeyondSpring	$70.4M	n/a	n/a
NRX Pharmaceuticals	$70.4M	5.4x	n/a
Eco Animal Health Group	$69.1M	0.6x	6.9x
Shattuck Labs	$69.0M	44.6x	-1.4x
Entero Therapeutics	$68.6M	n/a	n/a
Editas Medicine	$67.8M	2.8x	-0.4x
Fortress Biotech	$66.5M	0.9x	n/a
Estrella Immunopharma	$66.4M	n/a	n/a
Autolus Therapeutics	$65.7M	0.9x	-0.3x
Vytrus Biotech	$64.4M	n/a	n/a
Surrozen	$63.9M	24.4x	n/a
Lytix Biopharma	$63.2M	750.9x	-10.2x
Neurogene	$63.1M	889.2x	n/a
Reviva Pharmaceuticals	$60.7M	n/a	n/a
Prelude Therapeutics	$60.3M	5.3x	n/a
Compugen	$59.7M	6.7x	n/a
Cartesian Therapeutics	$59.0M	12.3x	n/a
BioStem Technologies	$58.0M	0.2x	n/a
CalciMedica	$56.6M	n/a	-2.3x
Mira Pharmaceuticals	$55.1M	n/a	n/a
Herantis Pharma	$54.6M	4702.9x	-8.8x
LTR Pharma	$53.1M	n/a	n/a
Nutriband	$52.6M	19.8x	n/a
ImmuCell	$52.6M	n/a	n/a
ProKidney	$52.4M	124.2x	-0.4x
Marinomed Biotech	$52.2M	5.4x	2.5x
StemRIM	$52.1M	n/a	-4.2x
Pluri	$50.4M	n/a	n/a
PolyPid	$50.1M	n/a	n/a
IBT	$49.8M	n/a	n/a
Incannex	$49.4M	493.9x	-1.3x
Vicapsys	$49.0M	n/a	n/a
Prescient Therapeutics	$48.9M	n/a	n/a
Arovella Therapeutics	$48.5M	544.0x	n/a
Immunic	$47.3M	n/a	n/a
Sensorion	$46.6M	3.2x	-1.3x
Corline Biomedical	$46.6M	34.0x	-56.8x
Iterum Therapeutics	$46.5M	50.9x	-2.5x
Telomir Pharmaceuticals	$44.5M	n/a	n/a
BioAtla	$44.4M	52.6x	n/a
Amarin Corp	$44.3M	0.2x	-0.9x
Enzymatica	$44.2M	9.2x	n/a
Atossa Therapeutics	$44.0M	n/a	n/a
Caribou Biosciences	$43.6M	4.6x	-0.3x
MiNK Therapeutics	$43.5M	n/a	n/a
Vivoryon Therapeutics	$43.1M	n/a	-2.4x
Genoway	$42.6M	1.7x	12.0x
Evaxion	$41.9M	5.8x	n/a
Bioage Labs	$41.5M	6.4x	-0.5x
Gensight Biologics	$40.5M	10.5x	n/a
Nicox	$38.8M	2.1x	n/a
Vitrafy	$38.3M	52.8x	-3.8x
MediciNova	$36.8M	n/a	n/a
IO Biotech	$36.5M	n/a	-0.4x
Climb Bio	$35.7M	n/a	n/a
Genenta Science	$35.6M	n/a	n/a
Lipum	$35.6M	n/a	-5.6x
Cessatech	$34.4M	n/a	n/a
CASI Pharmaceuticals	$34.4M	2.9x	n/a
Poxel	$34.4M	4.5x	n/a
Cue Biopharma	$34.3M	4.6x	n/a
Molecure	$34.1M	7.4x	-3.8x
Quantum BioPharma	$34.0M	n/a	n/a
Biosenic	$33.5M	n/a	n/a
Adagene	$32.6M	14.1x	-1.1x
Neurizon Therapeutics	$32.3M	n/a	n/a
Pentixapharm Holding	$32.3M	n/a	n/a
Poltreg	$31.9M	n/a	n/a
Biomea Fusion	$31.6M	n/a	-0.3x
NeuroSense Therapeutics	$31.4M	n/a	n/a
PDS Biotechnology	$31.0M	n/a	-0.9x
Relief Therapeutics	$30.1M	n/a	n/a
Arcturus Therapeutics	$30.0M	0.3x	-0.5x
Intervacc	$29.7M	n/a	n/a
Elicera Therapeutics	$29.4M	n/a	-16.4x
Mabion	$29.1M	1.6x	36.3x
Mendus	$29.0M	46.2x	-2.8x
Nanexa	$28.6M	n/a	n/a
Biotechnology Assets	$28.4M	n/a	n/a
THX Pharma	$28.2M	n/a	n/a
Ascelia Pharma	$27.9M	8.6x	-6.7x
InflaRx	$27.9M	315.7x	n/a
Cinclus Pharma Holding	$27.8M	3.7x	-1.4x
Veru	$27.2M	n/a	n/a
Lantern Pharma	$27.0M	n/a	n/a
Grace Therapeutics	$26.0M	n/a	-1.9x
Nanogroup	$25.6M	n/a	n/a
Applied Therapeutics	$25.4M	26.5x	n/a
Pharma Equity Group	$25.4M	n/a	-7.7x
Cassava Sciences	$25.2M	n/a	n/a
Bio-Works Technologies	$22.5M	n/a	n/a
Rein Therapeutics	$22.2M	n/a	n/a
Eledon Pharmaceuticals	$22.1M	n/a	n/a
Galecto	$22.1M	n/a	n/a
RenovoRx	$21.6M	19.1x	n/a
Assertio Therapeutics	$21.6M	0.2x	1.4x
Context Therapeutics	$21.5M	n/a	n/a
Amplia Therapeutics	$21.5M	n/a	-4.9x
AlzeCure Pharma	$21.4M	n/a	-5.0x
Molecular Partners	$21.2M	20.2x	-0.3x
ALX Oncology	$21.1M	n/a	-0.2x
NextCure	$20.7M	n/a	n/a
Citius Pharmaceuticals	$20.7M	1.9x	n/a
Moberg Pharma	$20.6M	15.9x	-7.6x
Adlai Nortye	$20.6M	n/a	-0.5x
Equillium	$20.0M	6.3x	n/a
Biogened	$19.8M	n/a	n/a
Kala Bio	$19.8M	n/a	n/a
Acumen Pharmaceuticals	$19.3M	n/a	-0.1x
Arterra Bioscience	$19.0M	2.8x	7.8x
Read-Gene	$18.9M	n/a	n/a
Aqua Bio Technology	$18.8M	n/a	n/a
Xintela	$18.8M	17.7x	-5.0x
FibroBiologics	$18.2M	n/a	n/a
Circio Holding	$17.7M	n/a	-4.2x
Enorama Pharma	$17.5M	n/a	n/a
Alzinova	$16.9M	n/a	-5.8x
Initiator Pharma	$16.8M	n/a	-6.4x
Pure Biologics	$16.8M	n/a	n/a
Biovica International	$16.6M	7.0x	-2.1x
Sprint Bioscience	$16.3M	2.2x	-10.3x
Werewolf Therapeutics	$16.1M	109.2x	n/a
Tempest Therapeutics	$15.9M	n/a	-0.4x
Intensity Therapeutics	$15.9M	n/a	n/a
Klaria Pharma Holding	$15.9M	n/a	-7.9x
Biofrontera	$15.8M	n/a	n/a
Plant Advanced	$15.4M	n/a	n/a
Radiopharm Theranostics	$15.0M	8.5x	n/a
Q32 Bio	$15.0M	n/a	n/a
INmune Bio	$15.0M	316.5x	n/a
GeNeuro	$14.8M	n/a	n/a
Arctic Bioscience	$14.8M	2.7x	-5.4x
Akari Therapeutics	$14.0M	n/a	n/a
Annexin Pharmaceuticals	$13.9M	n/a	n/a
Vanda Pharmaceuticals	$13.8M	0.1x	n/a
Oxurion	$13.3M	n/a	n/a
DexTech Medical	$13.2M	n/a	n/a
Glycorex Transplantation	$13.1M	n/a	n/a
AcuCort	$12.7M	171.7x	-5.9x
Urteste	$12.7M	n/a	n/a
Argenica Therapeutics	$12.4M	1.4x	3.5x
Aelis Farma	$12.4M	3.1x	n/a
SoftOx Solutions	$12.1M	n/a	n/a
IRLAB Therapeutics	$12.0M	2.0x	-1.3x
Coegin Pharm	$11.5M	n/a	n/a
Aton	$11.4M	n/a	n/a
Stenocare	$11.1M	11.6x	-21.4x
HCW Biologics	$11.0M	4.3x	n/a
Abera Bioscience	$10.5M	n/a	n/a
Celyad Oncology	$10.1M	n/a	n/a
Opsy Holding	$10.0M	n/a	n/a
Geovax Labs	$9.8M	3.7x	n/a
Xbrane Biopharma	$9.5M	0.6x	-2.6x
Scandinavian ChemoTech	$9.3M	6.7x	-24.0x
Curis	$9.2M	0.8x	n/a
Nanologica	$9.2M	2.8x	-3.4x
Medicofarma Biotech	$9.1M	n/a	n/a
Chosa Oncology	$8.2M	n/a	n/a
TME Pharma	$7.8M	n/a	-1.4x
Vivesto	$7.7M	n/a	-2.2x
Isofol Medical	$7.5M	n/a	n/a
Addex Therapeutics	$7.3M	14.7x	n/a
Oncoinvent	$7.2M	9.1x	-0.6x
Pila Pharma	$7.1M	n/a	n/a
OncoZenge	$7.0M	n/a	-7.6x
Karolinska Development	$7.0M	n/a	n/a
Active Biotech	$6.7M	n/a	-1.8x
Spago Nanomedical	$6.6M	57.7x	-2.2x
Biophytis	$6.1M	3.4x	-0.5x
Chemomab Therapeutics	$6.1M	n/a	n/a
Adicet Bio	$6.0M	2.3x	n/a
JFL Life Sciences	$5.6M	n/a	n/a
Simris Alg	$5.6M	n/a	n/a
AcouSort	$5.3M	n/a	n/a
Longeveron	$5.2M	4.7x	n/a
NextCell Pharma	$4.9M	3.8x	-1.3x
Exact Therapeutics	$4.7M	n/a	n/a
Lipigon Pharmaceuticals	$4.4M	48.2x	-1.3x
Cellectar Biosciences	$4.2M	n/a	n/a
PEPTONIC medical	$4.1M	n/a	n/a
MetaVia	$4.0M	n/a	n/a
Skye Bioscience	$3.8M	n/a	n/a
Dare Bioscience	$3.7M	5.2x	n/a
Genxone	$3.7M	n/a	n/a
Modus Therapeutics	$3.4M	n/a	-2.0x
Newbury Pharmaceuticals	$3.3M	n/a	n/a
Lipocine	$3.2M	1.9x	n/a
Double Bond	$3.1M	n/a	n/a
Hemp & Health	$3.1M	n/a	n/a
2cureX	$3.0M	n/a	n/a
ODI Pharma	$2.9M	n/a	n/a
Korro Bio	$2.9M	0.5x	n/a
PharmaLundensis	$2.8M	n/a	n/a
Cannabis Poland	$2.7M	n/a	n/a
Coherus Oncology	$2.5M	0.0x	-0.0x
Strategic Partners	$2.3M	n/a	n/a
Marker Therapeutics	$2.1M	0.6x	-0.1x
Aptahem	$1.9M	n/a	n/a
ExpreS2ion Biotech Hldg	$1.8M	2.2x	n/a
Nextgen Biomed	$1.7M	n/a	n/a
Acurx Pharmaceuticals	$1.6M	n/a	n/a
Respiratorius	$1.6M	n/a	n/a
Nidhogg Resources Holding	$1.4M	n/a	n/a
NanoEcho	$1.4M	n/a	n/a
Stayble Therapeutics	$1.2M	n/a	-1.5x
Bolt Biotherapeutics	$1.2M	0.2x	n/a
Vor Biopharma	$0.9M	n/a	n/a
Gabather	$0.5M	n/a	n/a
Diagonal Bio	$0.5M	n/a	n/a
QUIA PHARMA	$0.3M	n/a	n/a
DanCann Pharma	$0.2M	n/a	n/a
OKYO Pharma	$0.1M	n/a	n/a
bioXXmed	$0.1M	n/a	n/a
Medivir	$32K	0.1x	-0.0x
Futura Medical	$10K	0.0x	0.0x
BioLineRx	-$0.2M	-0.1x	0.0x
Neovacs	-$0.2M	n/a	n/a
PCI Biotech Holding	-$0.3M	n/a	n/a
Lidds	-$0.3M	n/a	n/a
ProMIS Neurosciences	-$0.4M	n/a	n/a
Fluicell	-$0.9M	n/a	n/a
Jasper Therapeutics	-$1.1M	n/a	0.0x
Passage Bio	-$2.3M	n/a	n/a
LAVA Therapeutics	-$3.9M	-0.3x	n/a
Clearside Biomedical	-$4.1M	-1.5x	0.1x
Lisata Therapeutics	-$4.2M	-54.7x	0.2x
Guard Therapeutics Intl	-$4.7M	n/a	0.4x
aTyr Pharma	-$5.2M	-48.6x	0.1x
vTv Therapeutics	-$5.6M	-71.8x	n/a
NUTEX	-$6.1M	n/a	n/a
SCYNEXIS	-$7.4M	-0.8x	n/a
Perspective Therapeutics	-$8.0M	-7.3x	0.1x
Macrogenics	-$17.0M	-0.1x	n/a
Fate Therapeutics	-$17.4M	-2.5x	0.1x
Arvinas	-$19.8M	-0.1x	0.2x
Mural Oncology	-$20.1M	n/a	0.1x
Repare Therapeutics	-$20.7M	-2.1x	n/a
Oramed Pharmaceuticals	-$24.4M	n/a	n/a
Artiva Biotherapeutics	-$26.1M	-1355.8x	n/a
VYNE Therapeutics	-$27.5M	-46.4x	0.6x
Generation Bio	-$29.5M	-2.6x	n/a
TScan Therapeutics	-$30.9M	-3.1x	0.2x
OnKure Therapeutics	-$31.2M	n/a	n/a
Barinthus Biotherapeutics	-$31.5M	-27.4x	n/a
Rallybio	-$31.8M	-44.6x	n/a
AN2 Therapeutics	-$33.1M	n/a	n/a
Kezar Life Sciences	-$34.8M	n/a	n/a
Aligos Therapeutics	-$35.8M	-13.5x	n/a
Century Therapeutics	-$40.4M	-0.4x	n/a
Boundless Bio	-$43.4M	n/a	n/a
Acrivon Therapeutics	-$49.9M	-325.0x	n/a
Whitehawk Therapeutics	-$56.1M	-6.5x	n/a
Xilio Therapeutics	-$57.7M	-1.5x	n/a
PMV Pharma	-$59.7M	n/a	n/a
Nkarta	-$77.1M	n/a	n/a
Metagenomi	-$82.4M	-2.7x	0.9x
Atea Pharmaceuticals	-$86.9M	n/a	0.6x
Pliant Therapeutics	-$87.9M	n/a	0.5x
XBiotech	-$89.0M	n/a	n/a
Alector	-$119M	-5.1x	0.8x
Zentalis Pharma	-$145M	-28.0x	1.0x
Keros Therapeutics	-$153M	-0.7x	-3.1x
Bicycle Therapeutics	-$154M	n/a	n/a
Galapagos	-$1.5B	-4.8x	5.8x