Back in 2017, the global biopharmaceutical market reached over $186.47 billion and is projected to exceed $526 billion by 2025. As you can see, it’s a booming industry that you should definitely keep an ear to the ground on.
Whether you’re thinking of investing or are just interested in the industry, here are 4 biopharmaceutical companies you should be aware of.
1. Gilead Sciences
Gilead Sciences is an American biopharmaceutical company and is pretty well-known all over the world. They were founded in 1987 and today, they mainly focus on antiviral drugs. This means that if you have the flu, HIV, hepatitis B, or hepatitis C, it’s very likely that the medications you use are developed by Gilead Sciences.
As far as the pandemic is concerned, they’re also playing a huge part in bringing a vaccine out. This is because they’re the inventors of Veklury, a nucleotide analog also known as remdesivir. While this medication is mainly used for ebola, SARS, and other pathogens, it looks very promising for the treatment of COVID-19.
2. Novo Nordisk
Novo Nordisk was founded almost 100 years ago, which makes it one of the top biopharmaceutical companies around. They’re headquartered in Denmark, but have locations across 80 countries!
In general, Novo Nordisk focuses on hemophilia and diabetes. Also, the 2 main therapies they focus on are growth hormone and hormone replacement. You might be familiar with some of the drugs they make, such as Levemir, Victoza, NovoSeven, and Novolin R.
3. Roivant Sciences
Roivant Sciences was first founded in 2014 by Vivek Ramaswamy and is headquartered in Basel, Switzerland. Their main focus is using technology to advance drug developments. As a result, you can depend on them to bring revolutionary new ideas to the healthcare industry.
Currently, they are leaders in developing drugs for autoimmune diseases, dermatology, hematological conditions, and cardiometabolic disorders. Not only that, but Roivant Sciences has also delved into healthcare data, RNA therapeutics, gene therapy, cellular therapeutics, and clinical trial intelligence.
If you’re looking for emerging biopharmaceutical companies to keep an eye on, this one’s certainly it.
4. Regeneron Pharmaceuticals Inc.
Here’s another US-based biopharmaceutical company. Regeneron Pharmaceuticals Inc. is based out of New York and was founded in 1988.
Their focus is on infectious diseases, as well as allergic and inflammatory issues. You’ll also find medications for cancer, and eye and cardiovascular diseases from this company.
What makes them noteworthy is that Regeneron Pharmaceuticals Inc. has an ambitious goal of having one of the biggest gene sequencing operations in the world. If they can pull this off, this will certainly put them on the map.
Keep an Eye Out for These Biopharmaceutical Companies
Now you know about some key biopharmaceutical companies to watch out for. It’s certainly an exciting industry that will affect everyone, so it should definitely be interesting to see what’s to come in the next few years.
Did you like reading about the best biopharmaceutical companies around? Then check out our other blog articles for more information!