Biotechnology, as the word suggests is the fusion of biological sciences and engineering. It uses living organisms or their parts and biological systems to create products and services. These products and services are beneficial for the health of both our planet and the human race. Biotechnology is being used in four major industries, namely healthcare, agriculture, industrial use of crops, and the environment.
In this article, we will be discussing in detail the top 10 biggest Biotechnology companies around the world according to their revenue. We have also shared some key points about the companies.
List of 10 Biggest Biotechnology Companies
Below is the list of the top 10 biggest Biotechnology companies:
- Novo Nordisk A/S
It is a multinational pharmaceutical company that was established on 21 December 1923. The company’s logo resembles the Egyptian deity Apis. The logo features a bull with a sun disk between his horns. Novo Nordisk products are marketed in 168 countries. They have spread their wings in 16 countries with their offices and affiliates. The company specially deals in diabetes care medications and devices. They also focus on hormone replacement therapy, growth hormone therapy, and hemostasis care.
- Headquarters: Bagsværd, Denmark
- Number of employees: 48,478
- Revenue: US$ 24.31 billion
- BioNTech SE
It is a biotechnology company that was established in 2008. The company deals in developing and manufacturing active immunotherapies. They have developed an mRNA-based human therapeutic that can be administered intravenously. This is being used for clinical trials for cancer treatment. BioNTech also developed the first COVID-19 vaccine in partnership with Pfizer.
- Headquarters: Mainz, Germany
- Number of employees: 3,000+
- Revenue: US$ 20.37 billion
- Moderna Inc.
It is a biotechnology and pharmaceutical company that primarily deals in mRNA vaccines. The company was established in 2010 and was formerly known as ModeRNA Therapeutics. Moderna works on mRNA-based medicines to treat rare diseases and autoimmune disorders. They launched their only commercial product in the COVID-19 pandemic known as “Spikevax”.
- Headquarters: Massachusetts, U.S.
- Number of employees: 3,900
- Revenue: US$ 19.26 billion
- Regeneron Pharmaceuticals Inc.
It is a biotechnology company that was established in 1988. They are into drug development for eye disease, cancer, infectious diseases, cancer, and other allergy issues. Their Regeneron Genetics Center is working in the field of gene sequencing.
- Headquarters: New York, U.S.
- Number of employees: 11,851
- Revenue: US$ 12.17 billion
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- Vertex Pharmaceuticals Inc.
It is a pharmaceutical and biotherapeutics company that was established in 1989. The company has three research facilities based in San Diego, California, and Oxfordshire, England. Vertex Pharmaceuticals deals in developing drugs for cystic fibrosis, autoimmune diseases, neurological disorders, and cancer.
- Headquarters: Massachusetts, U.S.
- Number of employees: 4,500
- Revenue: US$ 8.93 billion
- Jazz Pharmaceuticals PLC
It is a biopharmaceutical company that was established in March 2005. It was formed with the merger of Jazz Pharmaceuticals, Inc. and Azur Pharma plc. They are into narcolepsy, psychiatry, pain management, and oncology drugs development and marketing.
- Headquarters: Dublin, Ireland
- Number of employees: Approx. 1210
- Revenue: US$ 3.58 billion
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- Incyte Corp.
It is a multinational pharmaceutical company that was established in 2002. Incyte Corp. was formed by the merger of Incyte Genomics and Incyte Pharmaceuticals. They have research & development and manufacturing units in North America, Europe, and Asia. The company deals in areas such as oncology, inflammation, and autoimmunity.
- Headquarters: Delaware, U.S.
- Number of employees: 2,094
- Revenue: US$ 3.33 billion
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- BioMarin Pharmaceutical Inc.
It is a biotechnology company that was established in March 1997. The company has established its offices and facilities in the U.S., South America, Asia, and Europe. BioMarin especially focuses on enzyme replacement therapies. The company has pioneered treatments for certain genetic disorders, namely, phenylketonuria, CLN2 disease, MPS, and achondroplasia.
- Headquarters: California, U.S.
- Number of employees: 2,581
- Revenue: US$ 2.01 billion
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- Genmab A/S
It is a biotechnology company that was established in February 1999. The company operates through its subsidiaries in The Netherlands, USA, and Japan. They market 6 products for cancer and autoimmune diseases using their 6 approved antibodies. The antibodies cause fewer allergic reactions and side effects than other man-made antibodies. They have 20 other products that undergoing clinical trials.
- Headquarters: Copenhagen, Denmark
- Number of employees: 1,660
- Revenue: US$ 2.04 billion
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- Novavax, Inc.
It is a biotechnology company that was established in 1987. The company focused on experimental vaccines for infectious diseases such as Ebola, influenza, and RSV. Novavax also developed the “Nuvaxovid” vaccine for COVID-19 which was approved in both EU and Canada.
- Headquarters: Maryland, U.S.
- Number of employees: 1541
- Revenue: US$ 1.982 billion
So, that was a list of the 10 biggest Biotechnology companies based on their revenue. We have tried to create a concise article with all the necessary details on the Biotech industry. We hope this article will be able to satisfy your curiosity about the Biotechnology world.
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