| 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 | Pharming Group N.V. (PHARM.AS) | 9/10 | 15.1x |
| 5 | Pharming Group N.V. (PHAR) | 9/10 | 16.6x |
| 6 | Incyte Corp (INCY) | 9/10 | 16.2x |
| 7 | Theravance Biopharma Inc (TBPH) | 9/10 | 3.4x |
| 8 | Krystal Biotech Inc (KRYS) | 9/10 | 48.6x |
| 9 | Harmony Biosciences Holdings Inc (HRMY) | 9/10 | 6.2x |
| 10 | BioMarin Pharmaceutical Inc (BMRN) | 9/10 | 18.9x |
| 11 | Catalyst Pharmaceuticals Inc (CPRX) | 8/10 | 20.9x |
| 12 | WuXi Biologics (Cayman) Inc. (2269.HK) | 8/10 | 52.5x |
| 13 | Jazz Pharmaceuticals PLC (JAZZ) | 8/10 | 15.4x |
| 14 | Halozyme Therapeutics Inc (HALO) | 8/10 | 13.9x |
| 15 | Aurinia Pharmaceuticals Inc (AUPH) | 8/10 | 13.6x |
| 16 | Zealand Pharma A/S (ZEAL.CO) | 8/10 | 3.3x |
| 17 | Rigel Pharmaceuticals Inc (RIGL) | 8/10 | 8.3x |
| 18 | Bavarian Nordic A/S (BAVA.CO) | 8/10 | 10.5x |
| 19 | Sino Biopharmaceutical Limited (1177.HK) | 8/10 | 11.1x |
| 20 | Genmab A/S (GMAB.CO) | 8/10 | 87.8x |
| 21 | Genmab A/S (GMAB) | 8/10 | 13.9x |
| 22 | Pharma Mar, S.A. (PHM.MC) | 8/10 | 30.2x |
| 23 | Galapagos NV (LKFT) | 7/10 | n.d. |
| 24 | ADMA Biologics Inc (ADMA) | 7/10 | 21.4x |
| 25 | GeoVax Labs Inc (GOVX) | 7/10 | 14.0x |
| 26 | X4 Pharmaceuticals Inc (XFOR) | 7/10 | n.d. |
| 27 | Alnylam Pharmaceuticals Inc (ALNY) | 7/10 | 144.7x |
| 28 | Samsung Biologics Co.,Ltd. (207940.KS) | 7/10 | 74.5x |
| 29 | PTC Therapeutics Inc (PTCT) | 7/10 | 2.5x |
| 30 | Vericel Corp (VCEL) | 7/10 | 207.6x |
| 31 | Arcturus Therapeutics Holdings Inc (ARCT) | 7/10 | 1.0x |
| 32 | Compugen Ltd. (CGEN) | 7/10 | 7.9x |
| 33 | Niagen Bioscience Inc (NAGE) | 7/10 | 20.8x |
| 34 | Fortress Biotech Inc (FBIO) | 7/10 | 0.7x |
| 35 | Propanc Biopharma Inc (PPCB) | 7/10 | 0.1x |
| 36 | argenx SE (ARGX) | 7/10 | 102.6x |
| 37 | Royalty Pharma PLC (RPRX) | 7/10 | 12.3x |
| 38 | Puma Biotechnology Inc (PBYI) | 7/10 | 7.6x |
| 39 | Caris Life Sciences Inc (CAI) | 7/10 | 69.7x |
| 40 | BeOne Medicines AG (ONC) | 7/10 | 375.8x |
| 41 | MiMedx Group Inc (MDXG) | 7/10 | 9.3x |
| 42 | CorMedix Inc (CRMD) | 7/10 | 3.6x |
| 43 | PharmaCyte Biotech Inc (PMCB) | 6/10 | n.d. |
| 44 | Ocugen Inc (OCGN) | 6/10 | n.d. |
| 45 | Q32 Bio Inc (QTTB) | 6/10 | n.d. |
| 46 | Impact Biomedical Inc (IBO) | 6/10 | n.d. |
| 47 | HCW Biologics Inc (HCWB) | 6/10 | n.d. |
| 48 | Estrella Immunopharma, Inc. (ESLA) | 6/10 | n.d. |
| 49 | Serina Therapeutics Inc (SER) | 6/10 | n.d. |
| 50 | Conexeu Sciences Inc. (CNXU) | 6/10 | n.d. |
| 51 | Bolt Biotherapeutics Inc (BOLT) | 6/10 | n.d. |
| 52 | Cibus Inc (CBUS) | 6/10 | n.d. |
| 53 | Cue Biopharma Inc (CUE) | 6/10 | n.d. |
| 54 | Calidi Biotherapeutics Inc (CLDI) | 6/10 | 47.1x |
| 55 | Agenus Inc (AGEN) | 6/10 | 1.2x |
| 56 | Bio-Techne Corp (TECH) | 6/10 | 35.6x |
| 57 | BridgeBio Oncology Therapeutics Inc (BBOT) | 6/10 | n.d. |
| 58 | Avalyn Pharma Inc (AVLN) | 6/10 | n.d. |
| 59 | Stoke Therapeutics Inc (STOK) | 6/10 | n.d. |
| 60 | Armata Pharmaceuticals Inc (ARMP) | 6/10 | n.d. |