| 1 | Exelixis Inc (EXEL) | 10/10 | 16.5x |
| 2 | UCB SA (UCB.BR) | 10/10 | 27.5x |
| 3 | Philogen S.p.A. (PHIL.MI) | 10/10 | 3.7x |
| 4 | Incyte Corp (INCY) | 9/10 | 16.2x |
| 5 | Harmony Biosciences Holdings Inc (HRMY) | 9/10 | 6.2x |
| 6 | Theravance Biopharma Inc (TBPH) | 9/10 | 3.4x |
| 7 | Krystal Biotech Inc (KRYS) | 9/10 | 48.6x |
| 8 | Pharming Group N.V. (PHARM.AS) | 9/10 | 15.1x |
| 9 | BioMarin Pharmaceutical Inc (BMRN) | 9/10 | 18.9x |
| 10 | Pharming Group N.V. (PHAR) | 9/10 | 16.6x |
| 11 | Genmab A/S (GMAB.CO) | 8/10 | 87.8x |
| 12 | Catalyst Pharmaceuticals Inc (CPRX) | 8/10 | 20.9x |
| 13 | Aurinia Pharmaceuticals Inc (AUPH) | 8/10 | 13.6x |
| 14 | Genmab A/S (GMAB) | 8/10 | 13.9x |
| 15 | Rigel Pharmaceuticals Inc (RIGL) | 8/10 | 8.3x |
| 16 | Zealand Pharma A/S (ZEAL.CO) | 8/10 | 3.3x |
| 17 | Bavarian Nordic A/S (BAVA.CO) | 8/10 | 10.5x |
| 18 | Jazz Pharmaceuticals PLC (JAZZ) | 8/10 | 15.4x |
| 19 | Pharma Mar, S.A. (PHM.MC) | 8/10 | 30.2x |
| 20 | Halozyme Therapeutics Inc (HALO) | 8/10 | 13.9x |
| 21 | WuXi Biologics (Cayman) Inc. (2269.HK) | 8/10 | 52.5x |
| 22 | Sino Biopharmaceutical Limited (1177.HK) | 8/10 | 11.1x |
| 23 | Alnylam Pharmaceuticals Inc (ALNY) | 7/10 | 144.7x |
| 24 | GeoVax Labs Inc (GOVX) | 7/10 | 14.0x |
| 25 | Royalty Pharma PLC (RPRX) | 7/10 | 12.3x |
| 26 | Niagen Bioscience Inc (NAGE) | 7/10 | 20.8x |
| 27 | Arcturus Therapeutics Holdings Inc (ARCT) | 7/10 | 1.0x |
| 28 | Compugen Ltd. (CGEN) | 7/10 | 7.9x |
| 29 | argenx SE (ARGX) | 7/10 | 102.6x |
| 30 | Fortress Biotech Inc (FBIO) | 7/10 | 0.7x |
| 31 | BeOne Medicines AG (ONC) | 7/10 | 375.8x |
| 32 | Puma Biotechnology Inc (PBYI) | 7/10 | 7.6x |
| 33 | Caris Life Sciences Inc (CAI) | 7/10 | 69.7x |
| 34 | MiMedx Group Inc (MDXG) | 7/10 | 9.3x |
| 35 | Vericel Corp (VCEL) | 7/10 | 207.6x |
| 36 | X4 Pharmaceuticals Inc (XFOR) | 7/10 | n.d. |
| 37 | ADMA Biologics Inc (ADMA) | 7/10 | 21.4x |
| 38 | Samsung Biologics Co.,Ltd. (207940.KS) | 7/10 | 74.5x |
| 39 | Galapagos NV (LKFT) | 7/10 | n.d. |
| 40 | CorMedix Inc (CRMD) | 7/10 | 3.6x |
| 41 | PTC Therapeutics Inc (PTCT) | 7/10 | 2.5x |
| 42 | Propanc Biopharma Inc (PPCB) | 7/10 | 0.1x |
| 43 | Senti Biosciences Inc (SNTI) | 6/10 | n.d. |
| 44 | Phio Pharmaceuticals Corp (PHIO) | 6/10 | n.d. |
| 45 | Palisade Bio Inc (PALI) | 6/10 | n.d. |
| 46 | Omeros Corp (OMER) | 6/10 | 1.4x |
| 47 | iBio Inc (IBIO) | 6/10 | n.d. |
| 48 | ABVC Biopharma Inc (ABVC) | 6/10 | 203.4x |
| 49 | Xenetic Biosciences Inc (XBIO) | 6/10 | 1.4x |
| 50 | Sutro Biopharma Inc (STRO) | 6/10 | 20.0x |
| 51 | Arbutus Biopharma Corp (ABUS) | 6/10 | 40.9x |
| 52 | Dyadic International Inc (DYAI) | 6/10 | 17.9x |
| 53 | Ionis Pharmaceuticals Inc (IONS) | 6/10 | 87.3x |
| 54 | Upstream Bio Inc (UPB) | 6/10 | n.d. |
| 55 | MacroGenics Inc (MGNX) | 6/10 | 5.8x |
| 56 | Tenax Therapeutics Inc (TENX) | 6/10 | n.d. |
| 57 | Keros Therapeutics Inc (KROS) | 6/10 | n.d. |
| 58 | AnaptysBio Inc (ANAB) | 6/10 | 15.0x |
| 59 | Turn Therapeutics Inc (TTRX) | 6/10 | n.d. |
| 60 | Dianthus Therapeutics Inc (DNTH) | 6/10 | n.d. |