| 1 | Torrent Pharmaceuticals Limited INE685A01028 | 🇮🇳 IN | $15,4 Mrd. | A+ |
| 2 | Shionogi & Co. Ltd. JP3347200002 | 🇯🇵 JP | $16,2 Mrd. | A+ |
| 3 | Sun Pharmaceutical Industries Limited INE044A01036 | 🇮🇳 IN | $47,4 Mrd. | A+ |
| 4 | Divis Laboratories Limited INE361B01024 | 🇮🇳 IN | $18,8 Mrd. | A+ |
| 5 | Dr. Reddys Laboratories Limited INE089A01031 | 🇮🇳 IN | $11,5 Mrd. | A+ |
| 6 | Dong-E-E-Jiao Co.Ltd. CNE0000006Y9 | 🇨🇳 CN | $4,9 Mrd. | A+ |
| 7 | NATCO Pharma Limited INE987B01026 | 🇮🇳 IN | $2,2 Mrd. | A+ |
| 8 | J. B. Chemicals & Pharmaceuticals Limited INE572A01036 | 🇮🇳 IN | $3,5 Mrd. | A+ |
| 9 | Lantheus Holdings Inc. US5165441032 | 🇺🇸 US | $6,1 Mrd. | A+ |
| 10 | Zhejiang NHU Company Ltd. CNE000001J84 | 🇨🇳 CN | $14,3 Mrd. | A+ |
| 11 | Zydus Lifesciences Limited INE010B01027 | 🇮🇳 IN | $10,3 Mrd. | A+ |
| 12 | Aurobindo Pharma Limited INE406A01037 | 🇮🇳 IN | $9,0 Mrd. | A+ |
| 13 | Granules India Limited INE101D01020 | 🇮🇳 IN | $1,8 Mrd. | A+ |
| 14 | Fagron N.V. BE0003874915 | 🇧🇪 BE | $2,1 Mrd. | A+ |
| 15 | Ipsen S.A. FR0010259150 | 🇫🇷 FR | $14,9 Mrd. | A+ |
| 16 | Hypera S.A. BRHYPEACNOR0 | 🇧🇷 BR | $3,2 Mrd. | A+ |
| 17 | Lupin Limited INE326A01037 | 🇮🇳 IN | $10,7 Mrd. | A+ |
| 18 | Ajanta Pharma Limited INE031B01049 | 🇮🇳 IN | $4,2 Mrd. | A |
| 19 | China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. CNE0000011K8 | 🇨🇳 CN | $6,1 Mrd. | A |
| 20 | Laurus Labs Limited INE947Q01028 | 🇮🇳 IN | $7,4 Mrd. | A |
| 21 | Takeda Pharmaceutical Company Limited JP3463000004 | 🇯🇵 JP | $52,5 Mrd. | A |
| 22 | Laboratorios Farmaceuticos Rovi S.A. ES0157261019 | 🇪🇸 ES | $3,5 Mrd. | A |
| 23 | H. Lundbeck A/S DK0061804697 | 🇩🇰 DK | $5,4 Mrd. | A |
| 24 | Mankind Pharma Limited INE634S01028 | 🇮🇳 IN | $10,7 Mrd. | A |
| 25 | China Resources Jiangzhong Pharmaceutical Co.Ltd CNE000000M80 | 🇨🇳 CN | $2,3 Mrd. | A |
| 26 | PharmaEssentia Corporation TW0006446008 | 🇹🇼 TW | $9,4 Mrd. | A |
| 27 | Bachem Holding AG CH1176493729 | 🇨🇭 CH | $7,3 Mrd. | A |
| 28 | Teva Pharmaceutical Industries Limited IL0006290147 | 🇮🇱 IL | $40,4 Mrd. | A |
| 29 | Sandoz Group AG CH1243598427 | 🇨🇭 CH | $35,8 Mrd. | A |
| 30 | China Shineway Pharmaceutical Group Limited KYG2110P1000 | 🇨🇳 CN | $837 Mio. | A |
| 31 | Faes Farma S.A. ES0134950F36 | 🇪🇸 ES | $1,7 Mrd. | A |
| 32 | Ipca Laboratories Limited INE571A01038 | 🇮🇳 IN | $4,3 Mrd. | A |
| 33 | Merck KGaA DE0006599905 | 🇩🇪 DE | $59,3 Mrd. | A |
| 34 | Alkem Laboratories Limited INE540L01014 | 🇮🇳 IN | $6,8 Mrd. | A |
| 35 | BioGaia AB (publ) SE0017769995 | 🇸🇪 SE | $1,4 Mrd. | A |
| 36 | Hansoh Pharmaceutical Group Company Limited KYG549581067 | 🇨🇳 CN | $26,1 Mrd. | A |
| 37 | Hisamitsu Pharmaceutical Co. Inc. JP3784600003 | 🇯🇵 JP | $2,7 Mrd. | A |
| 38 | Consun Pharmaceutical Group Limited KYG2524A1031 | 🇨🇳 CN | $1,6 Mrd. | A |
| 39 | Pharmanutra S.p.A. IT0005274094 | 🇮🇹 IT | $1,0 Mrd. | A |
| 40 | Glenmark Pharmaceuticals Limited INE935A01035 | 🇮🇳 IN | $6,8 Mrd. | A |
| 41 | Zeria Pharmaceutical Co. Ltd. JP3428850006 | 🇯🇵 JP | $662 Mio. | A |
| 42 | China Resources Pharmaceutical Group Limited HK0000311099 | 🇭🇰 HK | $3,9 Mrd. | A |
| 43 | Jamjoom Pharmaceuticals Factory Company SA15QGU1UNH6 | 🇸🇦 SA | $2,9 Mrd. | A |
| 44 | Dermapharm Holding SE DE000A2GS5D8 | 🇩🇪 DE | $3,1 Mrd. | B+ |
| 45 | Eisai Co. Ltd. JP3160400002 | 🇯🇵 JP | $7,9 Mrd. | B+ |
| 46 | China Resources Double-Crane Pharmaceutical Co.Ltd. CNE000000Q94 | 🇨🇳 CN | $2,6 Mrd. | B+ |
| 47 | Jilin Aodong Pharmaceutical Group Co. Ltd. CNE000000719 | 🇨🇳 CN | $3,1 Mrd. | B+ |
| 48 | Strides Pharma Science Limited INE939A01011 | 🇮🇳 IN | $1,1 Mrd. | B+ |
| 49 | Yunnan Baiyao Group Co.Ltd CNE0000008X7 | 🇨🇳 CN | $13,4 Mrd. | B+ |
| 50 | Huadong Medicine Co. Ltd CNE0000011S1 | 🇨🇳 CN | $7,8 Mrd. | B+ |
| 51 | DongKook Pharmaceutical Co. Ltd. KR7086450004 | 🇰🇷 KR | $618 Mio. | B+ |
| 52 | Livzon Pharmaceutical Group Inc. CNE0000002Y8 | 🇨🇳 CN | $4,1 Mrd. | B+ |
| 53 | Swedish Orphan Biovitrum AB (publ) SE0000872095 | 🇸🇪 SE | $16,0 Mrd. | B+ |
| 54 | Shanghai Fosun Pharmaceutical (Group) Co. Ltd. CNE000000X38 | 🇨🇳 CN | $9,4 Mrd. | B+ |
| 55 | Hubei Jumpcan Pharmaceutical Co. Ltd. CNE0000018X6 | 🇨🇳 CN | $3,8 Mrd. | B+ |
| 56 | Jiangsu Nhwa Pharmaceutical Co. Ltd. CNE100000CG8 | 🇨🇳 CN | $3,1 Mrd. | B+ |
| 57 | China Medical System Holdings Limited KYG211081248 | 🇭🇰 HK | $3,6 Mrd. | B+ |
| 58 | Apeloa Pharmaceutical Co.Ltd CNE000000Q45 | 🇨🇳 CN | $2,8 Mrd. | B+ |
| 59 | Indivior Pharmaceuticals Inc US45579U1097 | 🇺🇸 US | $4,6 Mrd. | B+ |
| 60 | Caplin Point Laboratories Ltd. INE475E01026 | 🇮🇳 IN | $1,6 Mrd. | B+ |
| 61 | ANI Pharmaceuticals Inc. US00182C1036 | 🇺🇸 US | $1,8 Mrd. | B+ |
| 62 | TTY Biopharm Company Limited TW0004105002 | 🇹🇼 TW | $588 Mio. | B+ |
| 63 | Mochida Pharmaceutical Co. Ltd. JP3922800002 | 🇯🇵 JP | $783 Mio. | B+ |
| 64 | Neuland Laboratories Limited INE794A01010 | 🇮🇳 IN | $2,2 Mrd. | B |
| 65 | Siegfried Holding AG CH1429326825 | 🇨🇭 CH | $4,4 Mrd. | B |
| 66 | Tasly Pharmaceutical Group Co. Ltd CNE000001C81 | 🇨🇳 CN | $3,2 Mrd. | B |
| 67 | Tsumura & Co. JP3535800001 | 🇯🇵 JP | $1,8 Mrd. | B |
| 68 | Nippon Shinyaku Co. Ltd. JP3717600005 | 🇯🇵 JP | $1,8 Mrd. | B |
| 69 | JW Pharmaceutical Corporation KR7001060003 | 🇰🇷 KR | $453 Mio. | B |
| 70 | Haleon plc US4055521003 | 🇬🇧 GB | $40,7 Mrd. | B |
| 71 | Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited CNE000001733 | 🇨🇳 CN | $5,3 Mrd. | B |
| 72 | Center Laboratories Inc. TW0004123005 | 🇹🇼 TW | $911 Mio. | B |
| 73 | Fuji Pharma Co. Ltd. JP3816200004 | 🇯🇵 JP | $316 Mio. | B |
| 74 | Kissei Pharmaceutical Co. Ltd. JP3240600001 | 🇯🇵 JP | $971 Mio. | B |
| 75 | Daewoong pharmaceutical Co.Ltd KR7069620003 | 🇰🇷 KR | $1,0 Mrd. | B |
| 76 | ASKA Pharmaceutical Holdings Co.Ltd. JP3119660003 | 🇯🇵 JP | $498 Mio. | B |
| 77 | Toho Holdings Co. Ltd. JP3602600003 | 🇯🇵 JP | $1,8 Mrd. | B |
| 78 | Hanmi Pharm. Co. Ltd. KR7128940004 | 🇰🇷 KR | $3,6 Mrd. | B |
| 79 | HUTCHMED (China) Limited KYG4672N1198 | 🇭🇰 HK | $2,1 Mrd. | B |
| 80 | Hikma Pharmaceuticals PLC GB00B0LCW083 | 🇬🇧 GB | $4,2 Mrd. | B |
| 81 | Procter & Gamble Health Limited INE199A01012 | 🇮🇳 IN | $906 Mio. | C |
| 82 | Genomma Lab Internacional S.A.B. de C.V. MX01LA010006 | 🇲🇽 MX | $889 Mio. | C |
| 83 | Eris Lifesciences Limited INE406M01024 | 🇮🇳 IN | $1,9 Mrd. | C |
| 84 | The United Laboratories International Holdings Limited KYG8813K1085 | 🇭🇰 HK | $2,3 Mrd. | C |
| 85 | PT Industri Jamu dan Farmasi Sido Muncul Tbk ID1000130305 | 🇮🇩 ID | $686 Mio. | C |
| 86 | Viatris Inc. US92556V1061 | 🇺🇸 US | $19,2 Mrd. | C |
| 87 | Aspen Pharmacare Holdings Limited ZAE000066692 | 🇿🇦 ZA | $3,7 Mrd. | C |
| 88 | Beijing Tongrentang Co. Ltd CNE000000R69 | 🇨🇳 CN | $5,3 Mrd. | C |
| 89 | Grand Pharmaceutical Group Limited BMG210A71016 | 🇭🇰 HK | $2,6 Mrd. | C |
| 90 | Jubilant Pharmova Limited INE700A01033 | 🇮🇳 IN | $1,7 Mrd. | C |
| 91 | Alembic Pharmaceuticals Limited INE901L01018 | 🇮🇳 IN | $1,6 Mrd. | C |
| 92 | Supernus Pharmaceuticals Inc. US8684591089 | 🇺🇸 US | $2,8 Mrd. | C |
| 93 | Chengdu Kanghong Pharmaceutical Group Co. Ltd CNE1000020C4 | 🇨🇳 CN | $3,0 Mrd. | C |
| 94 | Kamada Ltd. IL0010941198 | 🇮🇱 IL | $485 Mio. | C |
| 95 | Grape King Bio Ltd TW0001707008 | 🇹🇼 TW | $496 Mio. | C |
| 96 | Betta Pharmaceuticals Co. Ltd. CNE100002DD9 | 🇨🇳 CN | $3,1 Mrd. | C |
| 97 | Sumitomo Pharma Co. Ltd. JP3495000006 | 🇯🇵 JP | $4,3 Mrd. | C |
| 98 | Amphastar Pharmaceuticals Inc. US03209R1032 | 🇺🇸 US | $758 Mio. | C |
| 99 | Amneal Pharmaceuticals Inc. US03168L1052 | 🇺🇸 US | $3,8 Mrd. | C |
| 100 | Kaken Pharmaceutical Co. Ltd. JP3207000005 | 🇯🇵 JP | $993 Mio. | C |
| 101 | Camurus AB (publ) SE0007692850 | 🇸🇪 SE | $3,2 Mrd. | C |
| 102 | Yuhan Corporation KR7000100008 | 🇰🇷 KR | $4,0 Mrd. | C |
| 103 | Saudi Pharmaceutical Industries and Medical Appliances Corporation SA0007879188 | 🇸🇦 SA | $917 Mio. | C |
| 104 | Chong Kun Dang Pharmaceutical Corp. KR7185750007 | 🇰🇷 KR | $690 Mio. | C |
| 105 | Almirall S.A. ES0157097017 | 🇪🇸 ES | $2,8 Mrd. | C |
| 106 | KYORIN Holdings Inc. JP3247090008 | 🇯🇵 JP | $511 Mio. | C |
| 107 | Towa Pharmaceutical Co. Ltd. JP3623150004 | 🇯🇵 JP | $1,2 Mrd. | C |
| 108 | Lotus Pharmaceutical Co. Ltd. TW0001795003 | 🇹🇼 TW | $1,6 Mrd. | C |
| 109 | Dong-A Socio Holdings Co. Ltd. KR7000640003 | 🇰🇷 KR | $407 Mio. | C |
| 110 | AstraZeneca Pharma India Limited INE203A01020 | 🇮🇳 IN | $2,2 Mrd. | D |
| 111 | Shilpa Medicare Limited INE790G01031 | 🇮🇳 IN | $484 Mio. | D |
| 112 | SSY Group Limited KYG8406X1034 | 🇭🇰 HK | $889 Mio. | D |
| 113 | Pacira BioSciences Inc. US6951271005 | 🇺🇸 US | $883 Mio. | D |
| 114 | Ironwood Pharmaceuticals Inc. US46333X1081 | 🇺🇸 US | $576 Mio. | D |
| 115 | Elanco Animal Health Incorporated US28414H1032 | 🇺🇸 US | $10,0 Mrd. | D |
| 116 | Walvax Biotechnology Co. Ltd. CNE100000WN2 | 🇨🇳 CN | $3,3 Mrd. | D |
| 117 | Phibro Animal Health Corporation US71742Q1067 | 🇺🇸 US | $1,4 Mrd. | D |
| 118 | Ildong Pharmaceutical Co. Ltd. KR7249420001 | 🇰🇷 KR | $437 Mio. | D |
| 119 | Aarti Pharmalabs Limited INE0LRU01027 | 🇮🇳 IN | $659 Mio. | D |
| 120 | Zhejiang Huahai Pharmaceutical Co. Ltd. CNE000001DL5 | 🇨🇳 CN | $3,6 Mrd. | D |
| 121 | Changchun High-Tech Industries (Group) Inc. CNE0000007J8 | 🇨🇳 CN | $5,0 Mrd. | D |
| 122 | Collegium Pharmaceutical Inc. US19459J1043 | 🇺🇸 US | $1,1 Mrd. | D |
| 123 | Humedix Co. Ltd. KR7200670008 | 🇰🇷 KR | $238 Mio. | D |
| 124 | SNDL Inc. CA83307B1013 | 🇨🇦 CA | $360 Mio. | D |
| 125 | Bora Pharmaceuticals Co. Ltd. TW0006472004 | 🇹🇼 TW | $1,6 Mrd. | D |
| 126 | Sawai Group Holdings Co. Ltd. JP3323040000 | 🇯🇵 JP | $1,3 Mrd. | D |
| 127 | Cohance Lifesciences Limited INE03QK01018 | 🇮🇳 IN | $1,9 Mrd. | D |
| 128 | Piramal Pharma Limited INE0DK501011 | 🇮🇳 IN | $2,4 Mrd. | D |
| 129 | PolyPeptide Group AG CH1110760852 | 🇨🇭 CH | $1,6 Mrd. | D |
| 130 | Organogenesis Holdings Inc. US68621F1021 | 🇺🇸 US | $319 Mio. | D |
| 131 | Embecta Corp. US29082K1051 | 🇺🇸 US | $180 Mio. | D |
| 132 | Cronos Group Inc. CA22717L1013 | 🇨🇦 CA | $981 Mio. | D |
| 133 | Celltrion Pharm Inc. KR7068760008 | 🇰🇷 KR | $1,4 Mrd. | D |
| 134 | Shenzhen Kangtai Biological Products Co. Ltd. CNE100002Q33 | 🇨🇳 CN | $2,3 Mrd. | D |
| 135 | Bukwang Pharmaceutical Co. Ltd. KR7003000007 | 🇰🇷 KR | $542 Mio. | D |
| 136 | Wockhardt Limited INE049B01025 | 🇮🇳 IN | $2,6 Mrd. | D |
| 137 | China Traditional Chinese Medicine Holdings Co. Limited HK0000056256 | 🇭🇰 HK | $1,1 Mrd. | D |
| 138 | SIGA Technologies Inc. US8269171067 | 🇺🇸 US | $306 Mio. | D |
| 139 | CanSino Biologics Inc. CNE100003F01 | 🇨🇳 CN | $1,3 Mrd. | D |
| 140 | Sihuan Pharmaceutical Holdings Group Ltd. BMG8162K1137 | 🇭🇰 HK | $1,2 Mrd. | D |
| 141 | Cosmo Pharmaceuticals N.V. NL0011832936 | 🇮🇪 IE | $1,6 Mrd. | D |
| 142 | Evolus Inc. US30052C1071 | 🇺🇸 US | $433 Mio. | D |
| 143 | Bausch Health Companies Inc. CA0717341071 | 🇨🇦 CA | $2,0 Mrd. | D |
| 144 | Harrow Health Inc. US4158581094 | 🇺🇸 US | $1,2 Mrd. | D |
| 145 | Alvotech LU2458332611 | 🇮🇸 IS | $1,0 Mrd. | D |
| 146 | Aurora Cannabis Inc. CA05156X8504 | 🇨🇦 CA | $188 Mio. | D |
| 147 | Perrigo Company plc IE00BGH1M568 | 🇮🇪 IE | $1,5 Mrd. | D |
| 148 | Hanall Biopharma Co.Ltd KR7009420001 | 🇰🇷 KR | $1,3 Mrd. | D |
| 149 | Evotec SE DE0005664809 | 🇩🇪 DE | $974 Mio. | D |
| 150 | OrganiGram Holdings Inc. CA68617J1003 | 🇨🇦 CA | $147 Mio. | D |
| 151 | Tilray Brands Inc. US88688T2096 | 🇨🇦 CA | $620 Mio. | D |
| 152 | Quantum BioPharma Ltd. CA74764Y2050 | 🇨🇦 CA | $28 Mio. | D |
| 153 | Aquestive Therapeutics Inc. US03843E1047 | 🇺🇸 US | $411 Mio. | D |
| 154 | Canopy Growth Corporation KW0EQ0602015 | 🇨🇦 CA | $418 Mio. | D |
| 155 | Lifecore Biomedical Inc. US5147661046 | 🇺🇸 US | $171 Mio. | D |
| 1 | Merck KGaA DE0006599905 | 🇩🇪 DE | $59,3 Mrd. | A |
| 2 | Takeda Pharmaceutical Company Limited JP3463000004 | 🇯🇵 JP | $52,5 Mrd. | A |
| 3 | Sun Pharmaceutical Industries Limited INE044A01036 | 🇮🇳 IN | $47,4 Mrd. | A+ |
| 4 | Haleon plc US4055521003 | 🇬🇧 GB | $40,7 Mrd. | B |
| 5 | Teva Pharmaceutical Industries Limited IL0006290147 | 🇮🇱 IL | $40,4 Mrd. | A |
| 6 | Sandoz Group AG CH1243598427 | 🇨🇭 CH | $35,8 Mrd. | A |
| 7 | Hansoh Pharmaceutical Group Company Limited KYG549581067 | 🇨🇳 CN | $26,1 Mrd. | A |
| 8 | Viatris Inc. US92556V1061 | 🇺🇸 US | $19,2 Mrd. | C |
| 9 | Divis Laboratories Limited INE361B01024 | 🇮🇳 IN | $18,8 Mrd. | A+ |
| 10 | Shionogi & Co. Ltd. JP3347200002 | 🇯🇵 JP | $16,2 Mrd. | A+ |
| 11 | Swedish Orphan Biovitrum AB (publ) SE0000872095 | 🇸🇪 SE | $16,0 Mrd. | B+ |
| 12 | Torrent Pharmaceuticals Limited INE685A01028 | 🇮🇳 IN | $15,4 Mrd. | A+ |
| 13 | Ipsen S.A. FR0010259150 | 🇫🇷 FR | $14,9 Mrd. | A+ |
| 14 | Zhejiang NHU Company Ltd. CNE000001J84 | 🇨🇳 CN | $14,3 Mrd. | A+ |
| 15 | Yunnan Baiyao Group Co.Ltd CNE0000008X7 | 🇨🇳 CN | $13,4 Mrd. | B+ |
| 16 | Dr. Reddys Laboratories Limited INE089A01031 | 🇮🇳 IN | $11,5 Mrd. | A+ |
| 17 | Mankind Pharma Limited INE634S01028 | 🇮🇳 IN | $10,7 Mrd. | A |
| 18 | Lupin Limited INE326A01037 | 🇮🇳 IN | $10,7 Mrd. | A+ |
| 19 | Zydus Lifesciences Limited INE010B01027 | 🇮🇳 IN | $10,3 Mrd. | A+ |
| 20 | Elanco Animal Health Incorporated US28414H1032 | 🇺🇸 US | $10,0 Mrd. | D |
| 21 | PharmaEssentia Corporation TW0006446008 | 🇹🇼 TW | $9,4 Mrd. | A |
| 22 | Shanghai Fosun Pharmaceutical (Group) Co. Ltd. CNE000000X38 | 🇨🇳 CN | $9,4 Mrd. | B+ |
| 23 | Aurobindo Pharma Limited INE406A01037 | 🇮🇳 IN | $9,0 Mrd. | A+ |
| 24 | Eisai Co. Ltd. JP3160400002 | 🇯🇵 JP | $7,9 Mrd. | B+ |
| 25 | Huadong Medicine Co. Ltd CNE0000011S1 | 🇨🇳 CN | $7,8 Mrd. | B+ |
| 26 | Laurus Labs Limited INE947Q01028 | 🇮🇳 IN | $7,4 Mrd. | A |
| 27 | Bachem Holding AG CH1176493729 | 🇨🇭 CH | $7,3 Mrd. | A |
| 28 | Glenmark Pharmaceuticals Limited INE935A01035 | 🇮🇳 IN | $6,8 Mrd. | A |
| 29 | Alkem Laboratories Limited INE540L01014 | 🇮🇳 IN | $6,8 Mrd. | A |
| 30 | China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. CNE0000011K8 | 🇨🇳 CN | $6,1 Mrd. | A |
| 31 | Lantheus Holdings Inc. US5165441032 | 🇺🇸 US | $6,1 Mrd. | A+ |
| 32 | H. Lundbeck A/S DK0061804697 | 🇩🇰 DK | $5,4 Mrd. | A |
| 33 | Beijing Tongrentang Co. Ltd CNE000000R69 | 🇨🇳 CN | $5,3 Mrd. | C |
| 34 | Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited CNE000001733 | 🇨🇳 CN | $5,3 Mrd. | B |
| 35 | Changchun High-Tech Industries (Group) Inc. CNE0000007J8 | 🇨🇳 CN | $5,0 Mrd. | D |
| 36 | Dong-E-E-Jiao Co.Ltd. CNE0000006Y9 | 🇨🇳 CN | $4,9 Mrd. | A+ |
| 37 | Indivior Pharmaceuticals Inc US45579U1097 | 🇺🇸 US | $4,6 Mrd. | B+ |
| 38 | Siegfried Holding AG CH1429326825 | 🇨🇭 CH | $4,4 Mrd. | B |
| 39 | Sumitomo Pharma Co. Ltd. JP3495000006 | 🇯🇵 JP | $4,3 Mrd. | C |
| 40 | Ipca Laboratories Limited INE571A01038 | 🇮🇳 IN | $4,3 Mrd. | A |
| 41 | Ajanta Pharma Limited INE031B01049 | 🇮🇳 IN | $4,2 Mrd. | A |
| 42 | Hikma Pharmaceuticals PLC GB00B0LCW083 | 🇬🇧 GB | $4,2 Mrd. | B |
| 43 | Livzon Pharmaceutical Group Inc. CNE0000002Y8 | 🇨🇳 CN | $4,1 Mrd. | B+ |
| 44 | Yuhan Corporation KR7000100008 | 🇰🇷 KR | $4,0 Mrd. | C |
| 45 | China Resources Pharmaceutical Group Limited HK0000311099 | 🇭🇰 HK | $3,9 Mrd. | A |
| 46 | Amneal Pharmaceuticals Inc. US03168L1052 | 🇺🇸 US | $3,8 Mrd. | C |
| 47 | Hubei Jumpcan Pharmaceutical Co. Ltd. CNE0000018X6 | 🇨🇳 CN | $3,8 Mrd. | B+ |
| 48 | Aspen Pharmacare Holdings Limited ZAE000066692 | 🇿🇦 ZA | $3,7 Mrd. | C |
| 49 | Hanmi Pharm. Co. Ltd. KR7128940004 | 🇰🇷 KR | $3,6 Mrd. | B |
| 50 | Zhejiang Huahai Pharmaceutical Co. Ltd. CNE000001DL5 | 🇨🇳 CN | $3,6 Mrd. | D |
| 51 | China Medical System Holdings Limited KYG211081248 | 🇭🇰 HK | $3,6 Mrd. | B+ |
| 52 | J. B. Chemicals & Pharmaceuticals Limited INE572A01036 | 🇮🇳 IN | $3,5 Mrd. | A+ |
| 53 | Laboratorios Farmaceuticos Rovi S.A. ES0157261019 | 🇪🇸 ES | $3,5 Mrd. | A |
| 54 | Walvax Biotechnology Co. Ltd. CNE100000WN2 | 🇨🇳 CN | $3,3 Mrd. | D |
| 55 | Hypera S.A. BRHYPEACNOR0 | 🇧🇷 BR | $3,2 Mrd. | A+ |
| 56 | Camurus AB (publ) SE0007692850 | 🇸🇪 SE | $3,2 Mrd. | C |
| 57 | Tasly Pharmaceutical Group Co. Ltd CNE000001C81 | 🇨🇳 CN | $3,2 Mrd. | B |
| 58 | Jilin Aodong Pharmaceutical Group Co. Ltd. CNE000000719 | 🇨🇳 CN | $3,1 Mrd. | B+ |
| 59 | Dermapharm Holding SE DE000A2GS5D8 | 🇩🇪 DE | $3,1 Mrd. | B+ |
| 60 | Jiangsu Nhwa Pharmaceutical Co. Ltd. CNE100000CG8 | 🇨🇳 CN | $3,1 Mrd. | B+ |
| 61 | Betta Pharmaceuticals Co. Ltd. CNE100002DD9 | 🇨🇳 CN | $3,1 Mrd. | C |
| 62 | Chengdu Kanghong Pharmaceutical Group Co. Ltd CNE1000020C4 | 🇨🇳 CN | $3,0 Mrd. | C |
| 63 | Jamjoom Pharmaceuticals Factory Company SA15QGU1UNH6 | 🇸🇦 SA | $2,9 Mrd. | A |
| 64 | Apeloa Pharmaceutical Co.Ltd CNE000000Q45 | 🇨🇳 CN | $2,8 Mrd. | B+ |
| 65 | Almirall S.A. ES0157097017 | 🇪🇸 ES | $2,8 Mrd. | C |
| 66 | Supernus Pharmaceuticals Inc. US8684591089 | 🇺🇸 US | $2,8 Mrd. | C |
| 67 | Hisamitsu Pharmaceutical Co. Inc. JP3784600003 | 🇯🇵 JP | $2,7 Mrd. | A |
| 68 | China Resources Double-Crane Pharmaceutical Co.Ltd. CNE000000Q94 | 🇨🇳 CN | $2,6 Mrd. | B+ |
| 69 | Wockhardt Limited INE049B01025 | 🇮🇳 IN | $2,6 Mrd. | D |
| 70 | Grand Pharmaceutical Group Limited BMG210A71016 | 🇭🇰 HK | $2,6 Mrd. | C |
| 71 | Piramal Pharma Limited INE0DK501011 | 🇮🇳 IN | $2,4 Mrd. | D |
| 72 | The United Laboratories International Holdings Limited KYG8813K1085 | 🇭🇰 HK | $2,3 Mrd. | C |
| 73 | China Resources Jiangzhong Pharmaceutical Co.Ltd CNE000000M80 | 🇨🇳 CN | $2,3 Mrd. | A |
| 74 | Shenzhen Kangtai Biological Products Co. Ltd. CNE100002Q33 | 🇨🇳 CN | $2,3 Mrd. | D |
| 75 | AstraZeneca Pharma India Limited INE203A01020 | 🇮🇳 IN | $2,2 Mrd. | D |
| 76 | Neuland Laboratories Limited INE794A01010 | 🇮🇳 IN | $2,2 Mrd. | B |
| 77 | NATCO Pharma Limited INE987B01026 | 🇮🇳 IN | $2,2 Mrd. | A+ |
| 78 | HUTCHMED (China) Limited KYG4672N1198 | 🇭🇰 HK | $2,1 Mrd. | B |
| 79 | Fagron N.V. BE0003874915 | 🇧🇪 BE | $2,1 Mrd. | A+ |
| 80 | Bausch Health Companies Inc. CA0717341071 | 🇨🇦 CA | $2,0 Mrd. | D |
| 81 | Eris Lifesciences Limited INE406M01024 | 🇮🇳 IN | $1,9 Mrd. | C |
| 82 | Cohance Lifesciences Limited INE03QK01018 | 🇮🇳 IN | $1,9 Mrd. | D |
| 83 | Granules India Limited INE101D01020 | 🇮🇳 IN | $1,8 Mrd. | A+ |
| 84 | Tsumura & Co. JP3535800001 | 🇯🇵 JP | $1,8 Mrd. | B |
| 85 | ANI Pharmaceuticals Inc. US00182C1036 | 🇺🇸 US | $1,8 Mrd. | B+ |
| 86 | Nippon Shinyaku Co. Ltd. JP3717600005 | 🇯🇵 JP | $1,8 Mrd. | B |
| 87 | Toho Holdings Co. Ltd. JP3602600003 | 🇯🇵 JP | $1,8 Mrd. | B |
| 88 | Jubilant Pharmova Limited INE700A01033 | 🇮🇳 IN | $1,7 Mrd. | C |
| 89 | Faes Farma S.A. ES0134950F36 | 🇪🇸 ES | $1,7 Mrd. | A |
| 90 | Lotus Pharmaceutical Co. Ltd. TW0001795003 | 🇹🇼 TW | $1,6 Mrd. | C |
| 91 | Caplin Point Laboratories Ltd. INE475E01026 | 🇮🇳 IN | $1,6 Mrd. | B+ |
| 92 | Consun Pharmaceutical Group Limited KYG2524A1031 | 🇨🇳 CN | $1,6 Mrd. | A |
| 93 | Alembic Pharmaceuticals Limited INE901L01018 | 🇮🇳 IN | $1,6 Mrd. | C |
| 94 | Cosmo Pharmaceuticals N.V. NL0011832936 | 🇮🇪 IE | $1,6 Mrd. | D |
| 95 | Bora Pharmaceuticals Co. Ltd. TW0006472004 | 🇹🇼 TW | $1,6 Mrd. | D |
| 96 | PolyPeptide Group AG CH1110760852 | 🇨🇭 CH | $1,6 Mrd. | D |
| 97 | Perrigo Company plc IE00BGH1M568 | 🇮🇪 IE | $1,5 Mrd. | D |
| 98 | Celltrion Pharm Inc. KR7068760008 | 🇰🇷 KR | $1,4 Mrd. | D |
| 99 | Phibro Animal Health Corporation US71742Q1067 | 🇺🇸 US | $1,4 Mrd. | D |
| 100 | BioGaia AB (publ) SE0017769995 | 🇸🇪 SE | $1,4 Mrd. | A |
| 101 | CanSino Biologics Inc. CNE100003F01 | 🇨🇳 CN | $1,3 Mrd. | D |
| 102 | Hanall Biopharma Co.Ltd KR7009420001 | 🇰🇷 KR | $1,3 Mrd. | D |
| 103 | Sawai Group Holdings Co. Ltd. JP3323040000 | 🇯🇵 JP | $1,3 Mrd. | D |
| 104 | Sihuan Pharmaceutical Holdings Group Ltd. BMG8162K1137 | 🇭🇰 HK | $1,2 Mrd. | D |
| 105 | Towa Pharmaceutical Co. Ltd. JP3623150004 | 🇯🇵 JP | $1,2 Mrd. | C |
| 106 | Harrow Health Inc. US4158581094 | 🇺🇸 US | $1,2 Mrd. | D |
| 107 | Strides Pharma Science Limited INE939A01011 | 🇮🇳 IN | $1,1 Mrd. | B+ |
| 108 | Collegium Pharmaceutical Inc. US19459J1043 | 🇺🇸 US | $1,1 Mrd. | D |
| 109 | China Traditional Chinese Medicine Holdings Co. Limited HK0000056256 | 🇭🇰 HK | $1,1 Mrd. | D |
| 110 | Alvotech LU2458332611 | 🇮🇸 IS | $1,0 Mrd. | D |
| 111 | Pharmanutra S.p.A. IT0005274094 | 🇮🇹 IT | $1,0 Mrd. | A |
| 112 | Daewoong pharmaceutical Co.Ltd KR7069620003 | 🇰🇷 KR | $1,0 Mrd. | B |
| 113 | Kaken Pharmaceutical Co. Ltd. JP3207000005 | 🇯🇵 JP | $993 Mio. | C |
| 114 | Cronos Group Inc. CA22717L1013 | 🇨🇦 CA | $981 Mio. | D |
| 115 | Evotec SE DE0005664809 | 🇩🇪 DE | $974 Mio. | D |
| 116 | Kissei Pharmaceutical Co. Ltd. JP3240600001 | 🇯🇵 JP | $971 Mio. | B |
| 117 | Saudi Pharmaceutical Industries and Medical Appliances Corporation SA0007879188 | 🇸🇦 SA | $917 Mio. | C |
| 118 | Center Laboratories Inc. TW0004123005 | 🇹🇼 TW | $911 Mio. | B |
| 119 | Procter & Gamble Health Limited INE199A01012 | 🇮🇳 IN | $906 Mio. | C |
| 120 | SSY Group Limited KYG8406X1034 | 🇭🇰 HK | $889 Mio. | D |
| 121 | Genomma Lab Internacional S.A.B. de C.V. MX01LA010006 | 🇲🇽 MX | $889 Mio. | C |
| 122 | Pacira BioSciences Inc. US6951271005 | 🇺🇸 US | $883 Mio. | D |
| 123 | China Shineway Pharmaceutical Group Limited KYG2110P1000 | 🇨🇳 CN | $837 Mio. | A |
| 124 | Mochida Pharmaceutical Co. Ltd. JP3922800002 | 🇯🇵 JP | $783 Mio. | B+ |
| 125 | Amphastar Pharmaceuticals Inc. US03209R1032 | 🇺🇸 US | $758 Mio. | C |
| 126 | Chong Kun Dang Pharmaceutical Corp. KR7185750007 | 🇰🇷 KR | $690 Mio. | C |
| 127 | PT Industri Jamu dan Farmasi Sido Muncul Tbk ID1000130305 | 🇮🇩 ID | $686 Mio. | C |
| 128 | Zeria Pharmaceutical Co. Ltd. JP3428850006 | 🇯🇵 JP | $662 Mio. | A |
| 129 | Aarti Pharmalabs Limited INE0LRU01027 | 🇮🇳 IN | $659 Mio. | D |
| 130 | Tilray Brands Inc. US88688T2096 | 🇨🇦 CA | $620 Mio. | D |
| 131 | DongKook Pharmaceutical Co. Ltd. KR7086450004 | 🇰🇷 KR | $618 Mio. | B+ |
| 132 | TTY Biopharm Company Limited TW0004105002 | 🇹🇼 TW | $588 Mio. | B+ |
| 133 | Ironwood Pharmaceuticals Inc. US46333X1081 | 🇺🇸 US | $576 Mio. | D |
| 134 | Bukwang Pharmaceutical Co. Ltd. KR7003000007 | 🇰🇷 KR | $542 Mio. | D |
| 135 | KYORIN Holdings Inc. JP3247090008 | 🇯🇵 JP | $511 Mio. | C |
| 136 | ASKA Pharmaceutical Holdings Co.Ltd. JP3119660003 | 🇯🇵 JP | $498 Mio. | B |
| 137 | Grape King Bio Ltd TW0001707008 | 🇹🇼 TW | $496 Mio. | C |
| 138 | Kamada Ltd. IL0010941198 | 🇮🇱 IL | $485 Mio. | C |
| 139 | Shilpa Medicare Limited INE790G01031 | 🇮🇳 IN | $484 Mio. | D |
| 140 | JW Pharmaceutical Corporation KR7001060003 | 🇰🇷 KR | $453 Mio. | B |
| 141 | Ildong Pharmaceutical Co. Ltd. KR7249420001 | 🇰🇷 KR | $437 Mio. | D |
| 142 | Evolus Inc. US30052C1071 | 🇺🇸 US | $433 Mio. | D |
| 143 | Canopy Growth Corporation KW0EQ0602015 | 🇨🇦 CA | $418 Mio. | D |
| 144 | Aquestive Therapeutics Inc. US03843E1047 | 🇺🇸 US | $411 Mio. | D |
| 145 | Dong-A Socio Holdings Co. Ltd. KR7000640003 | 🇰🇷 KR | $407 Mio. | C |
| 146 | SNDL Inc. CA83307B1013 | 🇨🇦 CA | $360 Mio. | D |
| 147 | Organogenesis Holdings Inc. US68621F1021 | 🇺🇸 US | $319 Mio. | D |
| 148 | Fuji Pharma Co. Ltd. JP3816200004 | 🇯🇵 JP | $316 Mio. | B |
| 149 | SIGA Technologies Inc. US8269171067 | 🇺🇸 US | $306 Mio. | D |
| 150 | Humedix Co. Ltd. KR7200670008 | 🇰🇷 KR | $238 Mio. | D |
| 151 | Aurora Cannabis Inc. CA05156X8504 | 🇨🇦 CA | $188 Mio. | D |
| 152 | Embecta Corp. US29082K1051 | 🇺🇸 US | $180 Mio. | D |
| 153 | Lifecore Biomedical Inc. US5147661046 | 🇺🇸 US | $171 Mio. | D |
| 154 | OrganiGram Holdings Inc. CA68617J1003 | 🇨🇦 CA | $147 Mio. | D |
| 155 | Quantum BioPharma Ltd. CA74764Y2050 | 🇨🇦 CA | $28 Mio. | D |