Other employees have reported that the company is exciting to work for, such as because its filled with smart people and interesting technology. R&D Spend: USD 13.829 billion. Some of their key products focus on improving the ease of access to diagnostic information by medical professionals. Founded in 1977, BioMarin is headquartered in San Rafael, CA. Medtronic is an Irish-American biotech company that is headquartered in Dublin, Ireland but has several locations across the US including Florida. In contrast, California-based company Amgen is the world's largest pure-play biotech company. List of largest biomedical companies by revenue. On top of that, its likely that people will need annual COVID-19 vaccines. Novavax, Inc. (NVAX) Novavax is a biotech company solely focused on developing vaccines to fight infectious diseases while championing access to life-saving vaccines worldwide. The company's primary focus area is diabetes. This will completely change and improve the way in which cancer is treated. Kalvista Pharmaceuticals, Inc has 51-200 employees. Definition in Pharmeceuticals and How They Work, Incidence Rate: Definition, Calculation, and Examples, Healthcare Sector: Industries Defined and Key Statistics, Infectious and rare diseases, cancer, cardiovascular disease. In an epoch-making move, Sanofi merged with Aventis in 2004 and became Sanofi Aventis. Learn how to invest in biotech companies. Check out our related features related to the largest pharmaceutical companies: And click through our Pharma 50 reports 2022 listings and learn essential information about the companies powering the global pharmaceutical industry, Copyright 2023 WTWH Media LLC. Vir Biotechnology was founded in 2017 and is headquartered in San Francisco, CA. Currently, you are using a shared account. The biotechnology industry is comprised of hundreds of companies that fuse biology and technology to develop drugs and related products for the treatment of diseases and medical conditions. Enbrel, an anti-inflammatory drug against rheumatoid arthritis, Neulasta & Neupogen, closely related drugs used to prevent infections following chemotherapy, radiation poisoning, and HIV/AIDS, Harvoni and Sovaldi for Hepatitis C these drugs cost about $1,000 per pill and have the cure rate of over 90%, Revlimid for the treatment of Multiple Myeloma and Anemia, Vidaza for the treatment of Myelodysplastic Syndrome (MDS), Avonex, Plegridy, Tecfidera, Tysabri,and Fampyra for treatment of Multiple Sclerosis, Gazyva for the treatment of Chronic Lymphocytic Leukemia. Show publisher information Among the largest companies in the industry are pharmaceutical companies like Novo Nordisk and Moderna. The company is best known for its drug Jakafi, a treatment for myelofibrosis. All figures are as of Dec. 20, 2022, and all data is provided by YCharts. It also works to speed up technology-based economic development via commercialization, innovation, business growth, and education. Investopedia does not include all offers available in the marketplace. It has also been awarded an Innovate UK grant worth 347k. From information on investing in biotech health companies, down to biotech at-home products such as DNA testing kits and biofuel generators, the Brinson Brothers are going to bring you into the world of biotech medicine and innovations. The company was formed as Sanofi-Aventis in 2004 by the merger of Aventis and Sanofi-Synthlabo, which were each the product of several previous mergers. Despite the many challenges facing biotechnology companies, several enterprises have risen to the top of the list. The overall company objective is to improve patients access to quality health care. TissueTech, now rebranded as BioTissue, is headquartered in Miami and just like its name suggests, specializes in using tissue membranes to develop regenerative treatments. This compensation may impact how and where listings appear. 18. Serum Institute Of India. Green cells indicate years where revenue increased compared to the preceding year. April 1, 2020 Updated: February 6, 2023. . In 2020s first quarter, its revenue was $1.8 billion, which is a 33 percent growth from the previous year. Its also made Fast Companys Top 10 list of the most innovative biotech companies, as the Johnson & Johnson website reports. The company'sprimary focus is diabetes care, hemophilia care, growth hormone therapy, and hormone replacement therapy. Novavax is headquartered in Gaithersburg, MD, and was founded in 1987. Regeneron Pharmaceuticals is a biopharmaceutical company based in Eastview, New York. Its focused on changing North Carolinas life science technology-based economic development, and one of the ways in which its committed to doing this is with innovation. Comirnaty is already one of the best-selling drugs ever, nearly doubling Pfizers revenue to roughly $81 billion in 2021 and rocketing it to the top among the worlds largest pharma companies. Please create an employee account to be able to mark statistics as favorites. Ariel Courage is an experienced editor, researcher, and former fact-checker. Read about types of businesses, how to start a business, and how to get a business loan. Employees in the company enjoy benefits such as: Ultragenyxs Miami center is estimated to employ 50-100 people, while the companys annual revenue is an estimated $351.4M annually. Statista. These sensors measure the glucose level and transmit the results to a mobile device in real-time. Biogen also recently made it onto the Forbes list of Just Companies in 2020. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. Its customers range from academic institutions, genomic research centers to hospitals and clinical research organizations, pharmaceutical and biotechnological companies,and reference laboratories. Novartis is considered to be one of the best biotech companies. The companys net income in 2017 was $4.628 B. Headquartered in Summit, New Jersey, Celgene Corporation is a competing company in the American biotechnology and biopharmaceutical sector. It was ranked at number four in Fortunes list of Most Admired Companies in the pharmaceutical industry. Pfizer, along with BioNTech, developed the Comirnaty COVID-19 vaccine. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. There are also many career opportunities, so Aduro Biotech is a company to consider if you want to move your way up and grow in the field of biotechnology. In 2016, the company had a net income of $7.72B. Irish biopharmaceutical company Jazz Pharmaceuticals creates and commercializes drug products designed to address issues related to narcolepsy, psychiatry, pain management, and oncology. An investor can mitigate that risk by investing in mutual funds or ETFs, in order todiversify their biotech holdings. SQZ Biotechnologies Company is focused on developing cell therapies to treat a variety of diseases. While the company is headquartered in California, it has offices in Florida where biotech professionals can pursue their career goals. Novozymes A/S is a biotechnology company. The pharma giants can be found in a diverse group of countries, including the U.S., China, European Union, Japan, India, UK and more. It has established a total of 16 production facilities based across nine countries. To start, here are the top five biggest pharmaceutical companies in the world at the moment by market capitalization: 1. The difficulty inpredicting which path such companies will take makes the biotech industry notoriously more volatile than the broader stock market. Moderna made headlines after developing an mRNA-based COVID-19 vaccine in 2020. Copyright @2020. Headquartered in Santa Clara, California, the company provides laboratory supplies and instruments, services, software, and consumables. Companies that break ground in these areas may profit handsomely. The offers that appear in this table are from partnerships from which Investopedia receives compensation. They are estimated to have between 200-500 employees with annual revenue up to $100M. Register in seconds and access exclusive features. Top 11 Biotech Companies To Consider When Job Hunting. This list ranks companies according to important issues and priorities that define fair and ethically sound business behavior. Everyone wants to feel that the company they work for will offer them good perks, and its clear to see that many biotech companies offer their employees wonderful and sometimes surprising benefits. It wasestablished in 1980 to develop innovative drugs serving areas of unmet medical needand is the world leader in biopharmaceuticals. 2. Maze is the biotech startup that focuses on decoding the mysteries of genetic modifiers in a range of severe diseases. On top of that, its likely that people will need annual COVID-19 vaccines. most innovative companies The 10 most innovative biotech companies in 2022 Biotech companies such as Strata Oncology, TMRW Life Sciences, and DNA Script are breaking new ground in cancer. Biogen Inc., formerly known as Biogen Idec, is based in Cambridge, Massachusetts. The company focuses on enzyme replacement therapies. Its the first drug approved by the FDA to prevent migraines, and its in a class of medicines that make use of engineered antibodies to target protein receptors, as Fast Company reports. Medtronics organizational culture is geared towards prioritizing the community environment while at the same time promoting an environment of inclusivity. Biopharmaceutical company Vertex focuses on creating and marketing drug treatments for patients with cancer, cystic fibrosis, autoimmune diseases, neurological disorders and others. The company is also said to be a collaborative one with a patient-centered work culture. Thousands of researchers in government, biotech, pharmaceutical and academic labs use Seven Bridges, including three of the largest genomics projects in the world: U.S. National Cancer Institute's Cancer Genomics Cloud pilot, honored with the Bio-IT World Best of Show award 2016, the Million Veteran Program, and Genomics England's 100,000 . VAT Contains the 100 top-selling pharmaceutical companies from Switzerland from numerous segments such as immunotherapeutics, gynecology, biopharmaceuticals, oncology, OTC drugs, generics, urology, tumor therapy, antibiotics, etc. Hiring Now A paid subscription is required for full access. You need at least a Starter Account to use this feature. ARCH Venture Partners. Youll be surrounded by people who are just as passionate and inspired about making a difference as you are. Kite Pharma has a yearly revenue of $10 to $25 million per year, but this is set to increase as it has recently gained approval from the FDA for Tecartus, which is the first CAR-T cell therapy thats been approved to treat mantle cell lymphoma, a slow-growing form of non-Hodgkins lymphoma. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. The company makes several drugs under various brand names,including Levemir, NovoLog, Novolin R, NovoSeven, NovoEight, and Victoza. 1) Novo Nordisk Revenue (TTM): USD 18.3 billion Net Income (TTM): USD 5.8 billion Novo Nordisk is a multinational biotech company, headquartered in Denmark, which markets its products in over 160 countries. Their estimated revenue is projected at $3.7B annually. Vejle also has a large number of Biotech companies: 49. Investing in biotech companies can pay off handsomely, given the industrys potential for high profits, but the high risks associated with these firms can produce substantial losses. Then you can access your favorite statistics via the star in the header. By combining them into an antibody solution known as REGN-COV2, this has shown promise when it comes to treating the virus and preventing healthy people from getting it. Florida is slowly emerging as one of the top life sciences hubs, especially in biotechnology. ARCH Venture Partners has made it their business to back disruptive science by investing anywhere from $50,000 to $150 million per company. 9 min read In this article we are going to list the 15 largest. Start your job search with them on this page. All Rights Reserved. Glass Door reviews state that its a company with transparency, a supportive culture for its employees, and lots of recognition to keep employees feeling inspired and motivated. 8. They boast mentions in 380 clinical publications, have spent 36 years in research and development, and helped provide materials for 680,000 transplants. Description: Founded in 2020, Ultragenyx Pharmaceuticals is a leading biotechnology company that manufactures in products for the treatment of genetic diseases such as Angelman syndrome and X-linked hypophosphatemia. Novozymes is one of the most renowned biotech companies in India. Based in San Rafael, California, BioMarin Pharmaceutical, Inc. was founded in 1997 and has facilities in Asia, Europe,and South America. Investopedia requires writers to use primary sources to support their work. companies: 7,304 total market cap: $85.955 T He currently researches and teaches economic sociology and the social studies of finance at the Hebrew University in Jerusalem. Recently, its been predicted that Biogen will experience a 30 percent rally in stock that will be seen over the next year, as CNBC reports. The following is a list of independent pharmaceutical, biotechnology and medical companies listed on a stock exchange (as indicated) that have generated a revenue of at least US$10 billion, ranked by their revenue in the respective financial year. Consolidating its 2021 position as the world's biggest pharma company, Pfizer again had a stellar year and stands - along with fellow mRNA COVID vaccine developer Moderna - as one of the pandemic's biggest winners. Heres a rundown of some youll probably encounter. BriaCell Therapeutics 4. The start of a Phase 1 and 2 clinical trial for the vaccine that the company is developing with GSK has been moved up from December to September, 2020, as Stat News reports. 2022 Explore Biotech. IQVIA is a biotech company founded in 1954 that has a presence in a number of countries and states. Founded in 1849, Pfizer has risen to being on the top of today's biotechnology industry. According to Forbes magazine, Amgen is the worlds largest biotech company of 2018. Biotechnology is the scientific study using living organisms to develop healthcare products and processes. PRALUENT for familial hypercholesterolemia or clinical atherosclerosis, Soliris for rare disorders atypical Hemolytic Uremic Syndrome and Paroxysmal nocturnal hemoglobinuria, Kanuma for Lysosomal Acid Lipase Deficiency, Palynziq and Kuvan for Phenylketonuria (PKU), Bioreagents for FISH probes, GC and HPLC, MS, immunohistochemistry, microarrays, spectroscopy, target enrichment. DNA sequencer their technology has helped reduce the cost of human genome sequencing from $1 million to $4,000. The company was started in 1986, and since then it is running to discover and develop medicines for cancer and inflammatory disorders. Sinovacs 2021 revenue was $19.4 billion 38 times higher than 2020 winning it a No. 1. "2022 ranking of top 10 U.S. biotech and pharmaceutical companies based on total revenue (in billion U.S. It was established in 1980 to develop innovative drugs serving areas of unmet medical need and is the world leader in biopharmaceuticals. Beckman Coulter Inc. specializes in creating products that simplify biomedical testing. Its committed to developing education to prepare future employees for jobs in biotech while giving assistance to companies making a difference in the industry. A study by Great Place To Work found that 88 percent of current employees at Regeneron Pharmaceuticals have said its a wonderful company to work for. It works on finding, developing, and commercializing medical therapies that make use of the bodys own natural immune system to treat illness, especially in cases where the diseases are more challenging to doctors. In 2018, the Federal Drug Administration (FDA) approved the Aimovig drug which was developed by Amgen and Novartis. It was established in 1996 through a company merger of Sandoz and Ciba-Geigy. Meanwhile, BioNTech brought in nearly 19.0 billion in revenue in 2021, almost 40 times what it made a year before. A drug is a substance used to prevent or cure a disease or ailment or to alleviate its symptoms. The company has a workforce of between 500 and 1000 employees who enjoy benefits such as: Its annual revenue is estimated to be around $359M with an employee count of over 180 nationwide. Johnson & Johnson was founded back in 1886. The field of biotechnology is expanding a lot and there are many opportunities available, thanks to the biotech companies that are sprouting up around the world. The change column indicates the company's relative position in this list compared to their relative position in the preceding year; i.e., an increase would be moving closer to rank 1 and vice versa. While the company is headquartered in California, it has offices in Florida where biotech professionals can pursue their career goals. The following is a list of independent pharmaceutical, biotechnology and medical companies listed on a stock exchange (as indicated) that have generated a revenue of at least US$ 10 billion, ranked by their revenue in the respective financial year. Genesis Biotechnology Group comprises a number of corporate entities that are vertically integrated to form GBC. The company combines data science, domain expertise, and technology to develop innovative solutions in the health care field. Almost $65 million of capital was transferred to San Diego in 2021, most of which led to the biotech industry. In addition to this, it has a market cap of $118.6 billion. Founded in 2001, the companys product lines include amniotic membrane and umbilical cord-based tissue and device products. Focused on the biotechnology and pharmaceutical industries, Regeneron is led by physician scientists who have a passion for using science to improve human health. Below is a list of top 10 biotech companies in theUSA based on their ranking and market capitalization. 12. Florida also boasts world-class institutions that drive its industry, ranking highly as some of the best producers of STEM graduates in the US. The big winner in Wednesday's premarket session was Reata Pharmaceuticals, whose shares jumped 175%. Amgen. Amgen has a presence in roughly 100 countries and regions in the world, and their innovative drugs have reached millions of people. We also reference original research from other reputable publishers where appropriate. The response to COVID-19 took center stage this year, spurring biotech companies on our list to develop tests and vaccines in record . Today, the state is home to one of the top biotech workforces on the planet. AP Photo/Paul Sakuma . Biotechnology firms are a small but growing sector of the pharmaceutical industry. View Top Management Contacts. The company culture is geared towards collaboration and professional development. Own Biogen stock and enjoy its long-term rewards! The following table lists the largest biotechnology and pharmaceutical companies ranked by market capitalization in billion USD dollars. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. In 2016, the company had a net income of $7.72B. Total Revenue 140.81B. ", Financial Times, 2022 ranking of top 10 U.S. biotech and pharmaceutical companies based on total revenue (in billion U.S. dollars) Statista, https://www.statista.com/statistics/257436/top-global-biotech-and-pharmaceutical-companies-based-on-revenue/ (last visited March 02, 2023), 2022 ranking of top 10 U.S. biotech and pharmaceutical companies based on total revenue (in billion U.S. dollars) [Graph], Financial Times, October 14, 2022. BioMarin was the first biopharmaceutical firm to provide therapeutics for mucopolysaccharidosis and phenylketonuria. It is a private sector initiative, headed by Cyrus S. Poonawalla. By making use of genetically modified immune cells that will be programmed to find and target tumors in the body. An intern physician deep into a career change. Total Companies 734. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Research expert covering health, pharma & medtech, Profit from additional features with an Employee Account. As a result, it joined the . The company develops medicines based on messenger ribonucleic acids (mRNA), a single-strand molecule that makes life-sustaining proteins. The total number of Biotech Companies USA is 52,060. Rated as number one in Fortunes list of the best biotechnology company workplaces, Genentech is a company based in California that people have applauded for its diverse and inclusive workforce as well as how it allows employees to take opportunities to grow within the company. Their ranking and market capitalization company merger of Sandoz and Ciba-Geigy drugs have reached of. 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