The biotechnology industry is comprised of hundreds of companies that fuse biology and technology to develop drugs and other products for the treatment of diseases and medical conditions. In today’s context, biotech industries provide solutions to problems and complications by applying the principles of engineering and biology to create diagnostics, biofuels, biomaterials, and pollution controls used in healthcare. It is a vastly lucrative industry due to the continuous need for improved medical interventions and the global surge in health challenges. There are hundreds, even thousands of biotech companies but in this article, you’ll find the top 10 biggest biotech companies in the world.
10 Biggest Biotech Companies in the World for 2024
1. Novo Nordisk A/S (NVO)
The company’s primary focus is diabetes care, hemophilia care, growth hormone therapy, and hormone replacement therapy. The company has its cooperate headquarters in Copenhagen, Denmark, with offices in San Francisco, Boston, and Singapore. Novo Nordisk has production facilities in seven countries and affiliates or offices in 16 countries. The company makes several drugs under various brand names, including Levemir, NovoLog, Novolin R, and NovoSeven.
with a market capitalization of about $293.94 billion and revenue of $24.31 billion according to our source, Novo Nordisk is one of the biggest biotech companies in the world.
2. Johnson and Johnson
As of January 2024 Johnson & Johnson has a market cap of $453.42 billion to emerge as one of the biggest biotech companies in the world. The company develops medical devices, pharmaceuticals, and consumer packaged goods.
3. Eli Lilly and Company
Lilly is known for its clinical depression drugs Prozac (fluoxetine) (1986) and Cymbalta (duloxetine) (2004) and its antipsychotic medication Zyprexa (olanzapine) (1996). Its primary revenue drivers are the diabetes drugs Humalog (insulin lispro) (1996) and Trulicity (dulaglutide) (2014). Lilly was one of the first pharmaceutical companies to produce human insulin using recombinant DNA. Eli Lilly is one of the biggest biotech companies in the world with a market cap of $343.60 billion.
4. Pfizer inc.
Pfizer Inc. is an American multinational pharmaceutical and biotechnology corporation headquartered on 42nd Street in Manhattan, New York City. It was established in 1849 by German entrepreneurs Charles Pfizer and Charles Erhart. The company specializes in developing medicines and vaccines for immunology, oncology, cardiology, endocrinology, and neurology. In addition, it has several blockbuster drugs or products that each generate more than US$1 billion in annual revenues. Pfizer was a component of the Dow Jones Industrial Average stock market index from 2004 to August 2020. Pfizer has a market cap of $268.59 billion as of January 2024. This makes it one of the biggest biotech companies in the world.
Recommended: How to Become a Biomedical Engineer in Egypt
5. Vertex Pharmaceuticals Inc. (VRTX)
Vertex Pharmaceuticals, Inc. is a multinational biotechnology firm that specializes in the discovery, development, production, and marketing of small molecule medications for life-threatening illnesses. The company focuses on medicines for the treatment of cancer, inflammatory bowel disease, cystic fibrosis, infectious disorders such as viral and bacterial infections like the flu, autoimmune diseases like rheumatoid arthritis, and infectious diseases in general. With a market cap of $77.25 billion, Vertex pharmaceuticals is one of the biggest biotech companies in the world.
6. Moderna Inc. (MRNA)
Moderna Inc. develops transformative medicines based on messenger ribonucleic acid (mRNA). The company’s product pipeline includes prophylactic vaccines, cancer vaccines, intratumoral immuno-oncology, localized regenerative therapeutics, and systemic secreted therapeutics. Headquartered in Cambridge, Moderna made headlines after developing an mRNA-based COVID-19 vaccine in 2020. It focuses its mRNA medicines on autoimmune disorders, rare and infectious diseases, and immuno-oncology. With a market capitalization of $72.95 billion, Moderna Inc. is one of the biggest biotech companies in the world.
7. Regeneron Pharmaceuticals Inc. (REGN)
Biopharmaceutical Regeneron company develops and markets drug treatments for patients with eye disease, cancer, cardiovascular diseases, allergic and inflammatory issues, and infectious diseases. Its product portfolio includes EYLEA, Dupixent, Praluent, Kevzara, Libtayo, ARCALYST, and ZALTRAP. As of January 2024, Regeneron Pharmaceuticals has a market cap of $78.64 billion, making it one of the biggest biotech companies in the world.
8. BioNTech SE (BNTX)
BioNTech SE focuses on innovating new medications at the interface of immunology and synthetic biology. It was founded in 2008 by Ugur Sahin and Ozlem Turci, with the intention of customizing cancer therapies for every patient. Its product pipeline include BNT162b2, BNT161, BNT164, FixVac, iNeST, RiboMabs, CAR-T Cells, TCRs and Next-Gen CP Immunomodulators. In 2020, it partnered with Pfizer to develop the first COVID-19 vaccine – an anti-cancer drug that targets specific types of cancer. BioNTech SE market cap is $35.2 billion.
9. Vir Biotechnology, Inc.
Vir Biotechnology Inc. is a biotechnology business that develops therapeutic medicines to fight off and treat severe infectious illnesses. The firm’s technology platforms include antibodies, T cells, innate immunity, and siRNA, which are designed to stimulate and enhance the immune system by exploiting critical observations of natural immune processes. Vir primarily focuses on chronic infectious diseases including hepatitis B, tuberculosis, and HIV; respiratory diseases, including influenza, respiratory syncytial virus (RSV), and metapneumovirus (MPV); and healthcare-acquired infections.
10. Incyte Corp. (INCY)
Incyte Corp. is a biopharmaceutical company, which engages in the discovery, development and commercialization of proprietary therapeutics.. The company is best known for its drug Jakafi, a treatment for myelofibrosis. Its portfolio includes compounds in various stages, ranging from preclinical to late stage development. Incyte market cap as of January 2024 is $17.98 billion.
Read Also: How to File a Car Insurance Claim
11. Vertex Pharmaceuticals Inc. (VRTX)
Vertex Pharmaceuticals, Inc. is a multinational biotechnology firm that specializes in the discovery, development, production, and marketing of small molecule medications for life-threatening illnesses. The company focuses on medicines for the treatment of cancer, inflammatory bowel disease, cystic fibrosis, infectious disorders such as viral and bacterial infections like the flu, autoimmune diseases like rheumatoid arthritis, and infectious diseases in general. With a market cap of $77.25 billion, Vertex pharmaceuticals is one of the biggest biotech companies in the world.
12. 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. It provides vaccines for seasonal flu, respiratory syncytial virus, Ebola, and Middle East respiratory syndrome. Prior to 2020, company scientists developed experimental vaccines for influenza and respiratory synceltial virus. With a market cap of $1.04 billion, Novavax is one of the world’s biggest biotech companies.
13. Jazz Pharmaceuticals Plc
Jazz Pharmaceuticals Plc focuses on the identification, development and commercialization of pharmaceutical products in the areas of narcolepsy, oncology, pain and psychiatry. Its product portfolio includes: Xyrem, Xywav, Sunosi, Erwinaze, Vyxeos, Defitelio, and Zepzelca. The Irish biopharmaceutical company Jazz Pharmaceuticals creates and commercializes drug products designed to address issues related to narcolepsy, psychiatry, pain management, and oncology.
14. Biogen
Biogen is an American biotech company based in Cambridge, Massachusetts. The company uses recombinant DNA technology, also known as biotechnology. This makes it possible to produce human proteins and therefore medicinal products with the help of microorganisms. The company continues to develop new substances and works on improving already approved molecules.
With a market cap of 41.48 billion as of January 2024, Biogen is one of the world’s biggest biotech companies.
15. DexCom
As of January 2023 DexCom has a market cap of $42.57 billion. This company is the manufacturer of the device that accurately measures glucose levels just beneath the surface of the skin and sends data wirelessly every 5 minutes to your compatible smart device or receiver.
20 Most Valuable Companies in USA 2022
How to Become a Financial Analyst
Top 10 Highest Paying Countries For Nurses
