So which are the largest biotech companies in the world? Keep up reading, as we have brought up with Insider Monkey’s latest article in this issue. Biotech companies are at least as important as pharma companies, especially we know this in these rough times, when we have to live under the pressure and threats of coronavirus. Hundreds of thousands of people have died, and many families were left without their beloved ones. Therefore, it’s understandable why the whole humanity turns awaiting to pharma and biotech companies. Since the Spanish flu, the coronavirus has been the most widely spread pandemic in the world, demanding lots of deaths.
But what is biotech and what the difference is between a biotech and pharma company? A biotech company develops technology to improve people’s health in the world. Biotech companies use either live organisms or their products, which can include enzymes or bacteria for the production of drugs is considered to be a biotech company. While pure pharmaceutical companies only use chemicals for the production of drugs and medicine. When the Spanish flu spread in 1918, the pharma industry wasn’t as developed as it is now, but yet, we can see 47 million cases of coronavirus and more than 1.2 million deaths.
And now, let’s check out what Insider Monkey has investigated for us. Merck & Co. is on the fifth spot on the list, and it really deserves its respectable place as its market cap tops $200 billion! Actually its market cap in 2019 was $232.9 billion. Merck is a US-located company, nevertheless it has come under fire for misconducts. Novartis is always in the top three companies when it comes to biotech and pharmacology. It’s a Switzerland-based company with an outstanding market cap of $240 billion. No wonder, Novartis stands on the second spot of the compilation. It was launched in 1996 after Sandoz and Ciba-Ceigy merged. If you are interested in more arresing data, please jump to the largest biotech companies in the world.
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