1 Vertex Pharmaceuticals Incorporated VRTX $132.80B $523.93 −2.10% $11.24 US 2 Regeneron Pharmaceuticals, Inc. REGN $82.88B $805.02 −1.72% $14.07 US 3 Moderna, Inc. MRNA $79.89B $200.10 −1.25% $2.53 US 4 CSL Limited CSL.AX $66.43B $138.43 +0.29% $0.39 AU 5 UCB S.A. UCB.BR $58.26B $305.56 +5.25% $15.24 BE 6 argenx SE ARGX $54.94B $873.71 −0.23% $2.05 NL 7 Lonza Group AG LONN.SW $53.55B $766.65 +0.57% $4.37 CH 8 Samsung Biologics Co.,Ltd. 207940.KS $51.49B $1,106.08 +7.71% $79.22 KR 9 BeOne Medicines Ltd. Class A 688235.SS $43.56B $41.65 +4.96% $1.97 CH 10 BeOne Medicines AG ONC $40.35B $377.63 −1.21% $4.64 CH 11 Revolution Medicines, Inc. RVMD $40.08B $186.99 −0.37% $0.70 US 12 Celltrion, Inc. 068270.KS $33.45B $146.67 +0.05% $0.08 KR 13 Alnylam Pharmaceuticals, Inc. ALNY $29.98B $224.03 −1.43% $3.25 US 14 Genmab A/S GMAB $26.93B $43.79 +9.48% $3.79 DK 15 WuXi Biologics (Cayman) Inc. WXIBF $26.02B $6.32 +18.35% $0.98 CN 16 United Therapeutics Corporation UTHR $25.20B $587.50 +0.46% $2.71 US 17 Incyte Corporation INCY $23.45B $115.71 −1.04% $1.22 US 18 BioNTech SE BNTX $22.13B $88.12 −1.73% $1.56 DE 19 Insmed Incorporated INSM $20.39B $93.39 −1.76% $1.67 US 20 Innovent Biologics, Inc. IVBXF $20.14B $11.55 −0.45% $0.05 CN 21 Exelixis, Inc. EXEL $16.22B $64.53 −1.19% $0.78 US 22 Ascendis Pharma A/S ASND $15.18B $243.37 +0.16% $0.38 DK 23 Neurocrine Biosciences, Inc. NBIX $14.51B $142.70 −0.41% $0.59 US 24 Halozyme Therapeutics, Inc. HALO $14.26B $125.63 +0.88% $1.09 US 25 Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd. 6990.HK $14.03B $58.71 +2.81% $1.61 CN 26 Jazz Pharmaceuticals plc JAZZ $13.89B $214.00 −0.30% $0.65 IE 27 BridgeBio Pharma, Inc. BBIO $13.40B $68.56 +0.65% $0.44 US 28 Summit Therapeutics Inc. SMMT $12.34B $15.47 −0.51% $0.08 US 29 Alteogen Inc. 196170.KQ $11.79B $169.38 −2.81% $4.90 KR 30 Bio-Techne Corporation TECH $11.38B $72.55 −0.10% $0.07 US 31 Financière de Tubize S.A. TUB.BR $11.00B $247.18 +5.45% $12.77 BE 32 BioMarin Pharmaceutical Inc. BMRN $10.83B $55.95 −1.20% $0.68 US 33 Haisco Pharmaceutical Group Co., Ltd. 002653.SZ $10.34B $9.06 +2.48% $0.22 CN 34 Sichuan Kelun Pharmaceutical Co., Ltd. Class A 002422.SZ $10.20B $6.41 −0.02% $0.00 CN 35 Akeso, Inc. 9926.HK $10.17B $11.04 +3.22% $0.34 CN 36 Madrigal Pharmaceuticals, Inc. MDGL $10.03B $434.24 −4.21% $19.10 US 37 Vaxcyte, Inc. PCVX $9.51B $60.43 −3.85% $2.42 US 38 10x Genomics, Inc. TXG $9.32B $71.55 +2.58% $1.80 US 39 Krystal Biotech, Inc. KRYS $9.22B $311.50 −2.70% $8.63 US 40 Twist Bioscience Corporation TWST $9.21B $139.92 +3.28% $4.45 US 41 Kymera Therapeutics, Inc. KYMR $9.11B $110.76 −0.08% $0.09 US 42 Genscript Biotech Corporation 1548.HK $9.06B $4.03 −3.89% $0.16 HK 43 Caris Life Sciences, Inc. CAI $9.05B $32.00 +0.91% $0.29 US 44 Protagonist Therapeutics, Inc. PTGX $8.96B $138.43 −0.79% $1.10 US 45 ImmunityBio, Inc. IBRX $8.71B $8.22 −1.08% $0.09 US 46 RemeGen Co. Ltd. Class A 688331.SS $8.49B $15.17 +4.51% $0.66 CN 47 Pharmaron Beijing Co., Ltd. 300759.SZ $8.42B $5.70 +2.09% $0.12 CN 48 Spyre Therapeutics, Inc. SYRE $8.34B $90.33 −2.17% $2.00 US 49 TG Therapeutics, Inc. TGTX $8.29B $54.17 +1.90% $1.01 US 50 Arrowhead Pharmaceuticals, Inc. ARWR $8.20B $58.02 −0.58% $0.34 US 51 ALK-Abelló A/S ALK-B.CO $8.07B $36.39 +0.91% $0.33 DK 52 Asymchem Laboratories (Tianjin) Co., Ltd. 002821.SZ $7.93B $21.92 +4.70% $0.98 CN 53 Abivax S.A. ABVX $7.68B $88.01 −2.46% $2.22 FR 54 Axsome Therapeutics, Inc. AXSM $7.60B $145.04 −7.07% $11.03 US 55 Bachem Holding AG BANB.SW $7.53B $100.53 +0.36% $0.36 CH 56 Ionis Pharmaceuticals, Inc. IONS $7.13B $42.93 −2.23% $0.98 US 57 Praxis Precision Medicines, Inc. PRAX $7.06B $252.96 −2.30% $5.96 US 58 Iovance Biotherapeutics, Inc. IOVA $6.38B $14.09 −0.35% $0.05 US 59 Samsung Epis Holdings 0126Z0.KS $6.22B $250.49 +1.22% $3.02 KR 60 Rhythm Pharmaceuticals, Inc. RYTM $6.15B $89.27 −1.79% $1.63 US 61 Ligand Pharmaceuticals Incorporated LGND $6.05B $303.53 −1.39% $4.29 US 62 Shanghai Allist Pharmaceuticals Co., Ltd. 688578.SS $5.94B $13.21 +4.28% $0.54 CN 63 Belite Bio, Inc BLTE $5.93B $147.33 −1.96% $2.94 US 64 Veradermics, Incorporated MANE $5.80B $138.78 +0.21% $0.29 US 65 RemeGen Co., Ltd. REGMF $5.61B $9.96 +0.00% $0.00 CN 66 Hangzhou Tigermed Consulting Co., Ltd 300347.SZ $5.59B $7.32 −1.73% $0.13 CN 67 Kodiak Sciences Inc. KOD $5.51B $87.63 +2.16% $1.85 US 68 Cogent Biosciences, Inc. COGT $5.42B $31.21 −0.32% $0.10 US 69 Oruka Therapeutics, Inc. ORKA $5.31B $80.15 −1.23% $1.00 US 70 Mirum Pharmaceuticals, Inc. MIRM $5.22B $80.39 −3.26% $2.71 US 71 PTC Therapeutics, Inc. PTCT $5.06B $60.59 −3.89% $2.45 US 72 Scholar Rock Holding Corporation SRRK $5.05B $41.49 −1.12% $0.47 US 73 Erasca, Inc. ERAS $5.03B $14.39 +2.49% $0.35 US 74 Beijing Wantai Biological Pharmacy Enterprise Co., Ltd. 603392.SS $4.85B $3.84 +2.44% $0.09 CN 75 Anthem Biosciences Ltd. ANTHEM.NS $4.82B $8.56 +1.50% $0.13 IN 76 Definium Therapeutics, Inc. DFTX $4.79B $35.67 −0.92% $0.33 US 77 Travere Therapeutics, Inc. TVTX $4.72B $50.08 −4.48% $2.35 US 78 Shanghai RAAS Blood Products Co., Ltd. 002252.SZ $4.71B $0.72 −0.21% $0.00 CN 79 Biocon Limited BIOCON.BO $4.69B $3.44 −0.96% $0.03 IN 80 Chongqing Zhifei Biological Products Co., Ltd. 300122.SZ $4.62B $1.93 +3.54% $0.07 CN 81 SK Biopharmaceuticals Co., Ltd. 326030.KS $4.54B $58.02 +2.67% $1.51 KR 82 Sunshine Guojian Pharmaceutical (Shanghai) Co., Ltd 688336.SS $4.54B $5.06 +3.88% $0.19 CN 83 Changchun High-Tech Industries (Group) Inc. 000661.SZ $4.41B $10.81 +5.40% $0.55 CN 84 Shanghai Junshi Biosciences Co., Ltd. 688180.SS $4.32B $4.75 +4.48% $0.20 CN 85 3SBio Inc. TRSBF $4.32B $1.73 +0.00% $0.00 CN 86 Edgewise Therapeutics, Inc. EWTX $4.23B $39.31 −1.70% $0.68 US 87 HLB Co., Ltd. 028300.KQ $4.17B $31.39 +0.73% $0.23 KR 88 Lin BioScience, Inc. 6696.TWO $4.14B $4.99 −4.41% $0.23 TW 89 Suzhou Zelgen Biopharmaceuticals Co., Ltd. 688266.SS $4.12B $15.55 +4.27% $0.64 CN 90 Adaptive Biotechnologies Corporation ADPT $4.07B $25.51 +4.51% $1.10 US 91 Camurus AB CAMX.ST $3.99B $67.11 −0.52% $0.35 SE 92 Tango Therapeutics, Inc. TNGX $3.94B $23.34 −16.43% $4.59 US 93 Arcutis Biotherapeutics, Inc. ARQT $3.92B $31.20 −3.11% $1.00 US 94 AbCellera Biologics Inc. ABCL $3.83B $11.82 +3.96% $0.45 CA 95 Beijing Tiantan Biological Products Co., Ltd. 600161.SS $3.63B $1.84 +0.99% $0.02 CN 96 Legend Biotech Corporation LEGN $3.56B $19.27 +1.96% $0.37 US 97 Shanghai Henlius Biotech, Inc. 2696.HK $3.56B $6.52 +3.50% $0.22 CN 98 Hualan Biological Engineering Inc. 002007.SZ $3.53B $1.93 +0.62% $0.01 CN 99 Xenon Pharmaceuticals Inc. XENE $3.42B $35.34 −3.18% $1.16 CA 100 Amylyx Pharmaceuticals, Inc. AMLX $3.41B $27.20 −4.80% $1.37 US 101 Acadia Pharmaceuticals Inc. ACAD $3.40B $19.73 −2.86% $0.58 US 102 IDEAYA Biosciences, Inc. IDYA $3.35B $34.71 −3.90% $1.41 US 103 XtalPi Holdings Ltd 2228.HK $3.31B $0.77 +3.25% $0.02 CN 104 Celcuity Inc. CELC $3.19B $65.25 −0.49% $0.32 US 105 Tarsus Pharmaceuticals, Inc. TARS $3.19B $68.20 −5.38% $3.88 US 106 Telix Pharmaceuticals Limited TLX $3.11B $9.15 −4.09% $0.39 AU 107 Viking Therapeutics, Inc. VKTX $3.10B $24.40 −5.54% $1.43 US 108 Keymed Biosciences Inc. 2162.HK $3.07B $10.41 +3.22% $0.33 CN 109 Enliven Therapeutics, Inc. ELVN $3.04B $41.52 −0.98% $0.41 US 110 Evopoint Biosciences Co. Ltd. 688837.SS $2.94B $5.88 +3.92% $0.22 CN 111 Dyne Therapeutics, Inc. DYN $2.92B $15.62 −0.95% $0.15 US 112 Disc Medicine, Inc. IRON $2.86B $74.51 −0.69% $0.52 US 113 Bavarian Nordic A/S BAVA.CO $2.82B $37.08 +0.98% $0.36 DK 114 Nurix Therapeutics, Inc. NRIX $2.77B $25.34 −0.67% $0.17 US 115 Oxford Nanopore Technologies plc ONT.L $2.75B $2.81 −0.47% $0.01 GB 116 Zai Lab Limited ZLAB $2.70B $24.03 +9.03% $1.99 CN 117 Hebei Changshan Biochemical Pharmaceutical Co., Ltd. 300255.SZ $2.70B $2.93 +2.35% $0.07 CN 118 InSilico Medicine Cayman TopCo 3696.HK $2.69B $4.65 +1.22% $0.06 HK 119 BioArctic AB BIOA-B.ST $2.68B $30.23 −0.46% $0.14 SE 120 Xiamen Amoytop Biotech Co., Ltd. 688278.SS $2.68B $6.56 −3.10% $0.21 CN 121 Viridian Therapeutics, Inc. VRDN $2.53B $22.37 −1.97% $0.45 US 122 Beam Therapeutics Inc. BEAM $2.48B $24.05 −2.08% $0.51 US 123 ADMA Biologics, Inc. ADMA $2.39B $10.68 −2.47% $0.27 US 124 InnoCare Pharma Limited INCPF $2.39B $1.60 +0.00% $0.00 CN 125 Sinocelltech Group Limited 688520.SS $2.36B $5.02 +2.20% $0.11 CN 126 Zealand Pharma A/S ZEAL.CO $2.35B $33.88 −2.33% $0.81 DK 127 Biocytogen Pharmaceuticals (Beijing) Co., Ltd. 2315.HK $2.35B $5.29 +0.68% $0.04 CN 128 MBX Biosciences, Inc. Common Stock MBX $2.34B $48.50 −3.88% $1.96 US 129 Arcus Biosciences, Inc. RCUS $2.33B $18.54 −4.24% $0.82 US 130 SELLAS Life Sciences Group, Inc. SLS $2.33B $11.54 +1.67% $0.19 US 131 Fortrea Holdings Inc. FTRE $2.25B $23.63 −1.21% $0.29 US 132 Aurinia Pharmaceuticals Inc. AUPH $2.24B $16.86 −2.71% $0.47 CA 133 Precigen, Inc. PGEN $2.22B $6.19 −3.13% $0.20 US 134 Agios Pharmaceuticals, Inc. AGIO $2.21B $37.00 −0.51% $0.19 US 135 Pharvaris N.V. PHVS $2.19B $31.41 +2.38% $0.73 CH 136 Vericel Corporation VCEL $2.18B $42.53 −1.02% $0.44 US 137 Jinyu Bio-technology Co., Ltd. 600201.SS $2.18B $1.96 +2.35% $0.04 CN 138 Alamar Biosciences, Inc. ALMR $2.13B $30.69 +3.26% $0.97 US 139 Immunome, Inc. IMNM $2.12B $17.99 −1.48% $0.27 US 140 Harmony Biosciences Holdings, Inc. HRMY $2.10B $36.13 +0.28% $0.10 US 141 Biohaven Ltd. BHVN $2.10B $13.88 −5.51% $0.81 US 142 Maravai LifeSciences Holdings, Inc. MRVI $2.08B $7.32 +3.54% $0.25 US 143 Lakefront Biotherapeutics N.V. LKFT $2.07B $31.65 +0.80% $0.25 BE 144 Lakefront Biotherapeutics LKFT.AS $2.06B $31.53 +1.88% $0.58 BE 145 CanSino Biologics Inc. 688185.SS $2.05B $11.24 +0.94% $0.10 CN 146 Zymeworks Inc. ZYME $2.02B $28.22 −0.77% $0.22 US 147 Vera Therapeutics, Inc. VERA $2.02B $27.99 −3.65% $1.06 US 148 Anhui Anke Biotechnology (Group) Co., Ltd. 300009.SZ $2.01B $1.21 +2.16% $0.03 CN 149 Genus plc GNS.L $2.01B $30.68 +2.41% $0.72 GB