| 1 | Sun Pharmaceutical Industries Limited INE044A01036 | 🇮🇳 IN | $47,1 Mrd. | A+ |
| 2 | Zydus Lifesciences Limited INE010B01027 | 🇮🇳 IN | $11,6 Mrd. | A+ |
| 3 | Lantheus Holdings Inc. US5165441032 | 🇺🇸 US | $7,2 Mrd. | A+ |
| 4 | Galderma Group AG CH1335392721 | 🇨🇭 CH | $52,7 Mrd. | A+ |
| 5 | J. B. Chemicals & Pharmaceuticals Limited INE572A01036 | 🇮🇳 IN | $3,9 Mrd. | A+ |
| 6 | Torrent Pharmaceuticals Limited INE685A01028 | 🇮🇳 IN | $16,6 Mrd. | A+ |
| 7 | Divis Laboratories Limited INE361B01024 | 🇮🇳 IN | $18,6 Mrd. | A+ |
| 8 | Merck KGaA DE0006599905 | 🇩🇪 DE | $73,4 Mrd. | A+ |
| 9 | PharmaEssentia Corporation TW0006446008 | 🇹🇼 TW | $16,3 Mrd. | A+ |
| 10 | Dr. Reddys Laboratories Limited US2561352038 | 🇮🇳 IN | $12,0 Mrd. | A+ |
| 11 | Lupin Limited INE326A01037 | 🇮🇳 IN | $11,5 Mrd. | A+ |
| 12 | Granules India Limited INE101D01020 | 🇮🇳 IN | $2,2 Mrd. | A+ |
| 13 | Mankind Pharma Limited INE634S01028 | 🇮🇳 IN | $10,8 Mrd. | A+ |
| 14 | Laurus Labs Limited INE947Q01028 | 🇮🇳 IN | $8,6 Mrd. | A+ |
| 15 | Ajanta Pharma Limited INE031B01049 | 🇮🇳 IN | $4,4 Mrd. | A+ |
| 16 | Fagron N.V. BE0003874915 | 🇧🇪 BE | $2,0 Mrd. | A |
| 17 | H. Lundbeck A/S DK0061804770 | 🇩🇰 DK | $5,4 Mrd. | A |
| 18 | Dong-E-E-Jiao Co.Ltd. CNE0000006Y9 | 🇨🇳 CN | $4,5 Mrd. | A |
| 19 | Shionogi & Co. Ltd. JP3347200002 | 🇯🇵 JP | $15,3 Mrd. | A |
| 20 | Aurobindo Pharma Limited INE406A01037 | 🇮🇳 IN | $9,4 Mrd. | A |
| 21 | Teva Pharmaceutical Industries Limited IL0006290147 | 🇮🇱 IL | $40,4 Mrd. | A |
| 22 | Sandoz Group AG CH1243598427 | 🇨🇭 CH | $38,8 Mrd. | A |
| 23 | Alkem Laboratories Limited INE540L01014 | 🇮🇳 IN | $6,9 Mrd. | A |
| 24 | Hikma Pharmaceuticals PLC GB00B0LCW083 | 🇬🇧 GB | $4,4 Mrd. | A |
| 25 | Emcure Pharmaceuticals Ltd. INE168P01015 | 🇮🇳 IN | $3,7 Mrd. | A |
| 26 | Bachem Holding AG CH1176493729 | 🇨🇭 CH | $7,1 Mrd. | A |
| 27 | China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. CNE0000011K8 | 🇨🇳 CN | $5,9 Mrd. | A |
| 28 | Hypera S.A. BRHYPEACNOR0 | 🇧🇷 BR | $2,8 Mrd. | A |
| 29 | Caplin Point Laboratories Ltd. INE475E01026 | 🇮🇳 IN | $2,0 Mrd. | A |
| 30 | Jamjoom Pharmaceuticals Factory Company SA15QGU1UNH6 | 🇸🇦 SA | $2,8 Mrd. | A |
| 31 | Neuland Laboratories Limited INE794A01010 | 🇮🇳 IN | $2,6 Mrd. | A |
| 32 | Ipca Laboratories Limited INE571A01038 | 🇮🇳 IN | $4,6 Mrd. | A |
| 33 | Takeda Pharmaceutical Company Limited JP3463000004 | 🇯🇵 JP | $53,5 Mrd. | A |
| 34 | Alivus Life Sciences Limited INE03Q201024 | 🇮🇳 IN | $1,5 Mrd. | A |
| 35 | Zhejiang NHU Company Ltd. CNE000001J84 | 🇨🇳 CN | $13,7 Mrd. | A |
| 36 | Pharmanutra S.p.A. IT0005274094 | 🇮🇹 IT | $962 Mio. | A |
| 37 | NATCO Pharma Limited INE987B01026 | 🇮🇳 IN | $1,8 Mrd. | A |
| 38 | Hansoh Pharmaceutical Group Company Limited KYG549581067 | 🇨🇳 CN | $24,2 Mrd. | A |
| 39 | China Shineway Pharmaceutical Group Limited KYG2110P1000 | 🇨🇳 CN | $711 Mio. | A |
| 40 | Procter & Gamble Health Limited INE199A01012 | 🇮🇳 IN | $1,1 Mrd. | B+ |
| 41 | TTY Biopharm Company Limited TW0004105002 | 🇹🇼 TW | $609 Mio. | B+ |
| 42 | Consun Pharmaceutical Group Limited KYG2524A1031 | 🇨🇳 CN | $1,4 Mrd. | B+ |
| 43 | Laboratorios Farmaceuticos Rovi S.A. ES0157261019 | 🇪🇸 ES | $3,4 Mrd. | B+ |
| 44 | Jilin Aodong Pharmaceutical Group Co. Ltd. CNE000000719 | 🇨🇳 CN | $3,2 Mrd. | B+ |
| 45 | Glenmark Pharmaceuticals Limited INE935A01035 | 🇮🇳 IN | $6,5 Mrd. | B+ |
| 46 | Dermapharm Holding SE DE000A2GS5D8 | 🇩🇪 DE | $2,7 Mrd. | B+ |
| 47 | Mega Lifesciences Public Company Limited TH4984010R19 | 🇹🇭 TH | $987 Mio. | B+ |
| 48 | BioGaia AB (publ) SE0017769995 | 🇸🇪 SE | $1,2 Mrd. | B+ |
| 49 | ANI Pharmaceuticals Inc. US00182C1036 | 🇺🇸 US | $2,0 Mrd. | B+ |
| 50 | Tsumura & Co. JP3535800001 | 🇯🇵 JP | $1,7 Mrd. | B+ |
| 51 | China Resources Double-Crane Pharmaceutical Co.Ltd. CNE000000Q94 | 🇨🇳 CN | $2,6 Mrd. | B+ |
| 52 | Siegfried Holding AG CH1429326825 | 🇨🇭 CH | $3,9 Mrd. | B+ |
| 53 | Livzon Pharmaceutical Group Inc. CNE0000002Y8 | 🇨🇳 CN | $3,9 Mrd. | B+ |
| 54 | Yunnan Baiyao Group Co.Ltd CNE0000008X7 | 🇨🇳 CN | $12,8 Mrd. | B+ |
| 55 | Indivior Pharmaceuticals Inc US45579U1097 | 🇺🇸 US | $5,0 Mrd. | B+ |
| 56 | The United Laboratories International Holdings Limited KYG8813K1085 | 🇭🇰 HK | $2,3 Mrd. | B+ |
| 57 | Eisai Co. Ltd. JP3160400002 | 🇯🇵 JP | $7,5 Mrd. | B+ |
| 58 | China Resources Jiangzhong Pharmaceutical Co.Ltd CNE000000M80 | 🇨🇳 CN | $2,1 Mrd. | B+ |
| 59 | Zeria Pharmaceutical Co. Ltd. JP3428850006 | 🇯🇵 JP | $563 Mio. | B+ |
| 60 | Huadong Medicine Co. Ltd CNE0000011S1 | 🇨🇳 CN | $7,6 Mrd. | B+ |
| 61 | Strides Pharma Science Limited INE939A01011 | 🇮🇳 IN | $1,1 Mrd. | B+ |
| 62 | Apeloa Pharmaceutical Co.Ltd CNE000000Q45 | 🇨🇳 CN | $3,0 Mrd. | B+ |
| 63 | Jiangsu Hengrui Pharmaceuticals Co.Ltd CNE100006XS6 | 🇨🇳 CN | $51,5 Mrd. | B+ |
| 64 | Haleon plc US4055521003 | 🇬🇧 GB | $43,3 Mrd. | B+ |
| 65 | China National Medicines Corporation Ltd. CNE000001D56 | 🇨🇳 CN | $3,0 Mrd. | B |
| 66 | Jiangsu Nhwa Pharmaceutical Co. Ltd. CNE100000CG8 | 🇨🇳 CN | $3,0 Mrd. | B |
| 67 | Betta Pharmaceuticals Co. Ltd. CNE100002DD9 | 🇨🇳 CN | $4,2 Mrd. | B |
| 68 | Shanghai Fosun Pharmaceutical (Group) Co. Ltd. CNE000000X38 | 🇨🇳 CN | $9,0 Mrd. | B |
| 69 | Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited CNE000001733 | 🇨🇳 CN | $5,0 Mrd. | B |
| 70 | Tasly Pharmaceutical Group Co. Ltd CNE000001C81 | 🇨🇳 CN | $3,0 Mrd. | B |
| 71 | Joincare Pharmaceutical Group Industry Co.Ltd. CNE000001816 | 🇨🇳 CN | $2,7 Mrd. | B |
| 72 | Center Laboratories Inc. TW0004123005 | 🇹🇼 TW | $933 Mio. | B |
| 73 | Shilpa Medicare Limited INE790G01031 | 🇮🇳 IN | $617 Mio. | B |
| 74 | China Medical System Holdings Limited KYG211081248 | 🇭🇰 HK | $3,5 Mrd. | B |
| 75 | Tianjin Pharmaceutical Da Ren Tang Group Corporation Limited CNE000001808 | 🇨🇳 CN | $3,3 Mrd. | B |
| 76 | Mochida Pharmaceutical Co. Ltd. JP3922800002 | 🇯🇵 JP | $705 Mio. | B |
| 77 | Daewoong pharmaceutical Co.Ltd KR7069620003 | 🇰🇷 KR | $1,0 Mrd. | B |
| 78 | Eris Lifesciences Limited INE406M01024 | 🇮🇳 IN | $2,1 Mrd. | B |
| 79 | Amneal Pharmaceuticals Inc. US03168L1052 | 🇺🇸 US | $5,5 Mrd. | B |
| 80 | Zhejiang Hisun Pharmaceutical Co. Ltd. CNE0000013Z2 | 🇨🇳 CN | $1,8 Mrd. | B |
| 81 | Alembic Pharmaceuticals Limited INE901L01018 | 🇮🇳 IN | $1,7 Mrd. | B |
| 82 | Kissei Pharmaceutical Co. Ltd. JP3240600001 | 🇯🇵 JP | $1,1 Mrd. | B |
| 83 | JW Pharmaceutical Corporation KR7001060003 | 🇰🇷 KR | $384 Mio. | B |
| 84 | Nippon Shinyaku Co. Ltd. JP3717600005 | 🇯🇵 JP | $1,7 Mrd. | B |
| 85 | Hanmi Pharm. Co. Ltd. KR7128940004 | 🇰🇷 KR | $3,8 Mrd. | B |
| 86 | ASKA Pharmaceutical Holdings Co.Ltd. JP3119660003 | 🇯🇵 JP | $422 Mio. | B |
| 87 | Aspen Pharmacare Holdings Limited ZAE000066692 | 🇿🇦 ZA | $4,3 Mrd. | B |
| 88 | Fuji Pharma Co. Ltd. JP3816200004 | 🇯🇵 JP | $317 Mio. | C |
| 89 | Hubei Jumpcan Pharmaceutical Co. Ltd. CNE0000018X6 | 🇨🇳 CN | $3,1 Mrd. | C |
| 90 | Viatris Inc. US92556V1061 | 🇺🇸 US | $19,4 Mrd. | C |
| 91 | DongKook Pharmaceutical Co. Ltd. KR7086450004 | 🇰🇷 KR | $586 Mio. | C |
| 92 | YungShin Global Holding Corporation TW0003705000 | 🇹🇼 TW | $453 Mio. | C |
| 93 | Nanjing King-Friend Biochemical Pharmaceutical Co.Ltd. CNE100002WP3 | 🇨🇳 CN | $1,8 Mrd. | C |
| 94 | Lotus Pharmaceutical Co. Ltd. TW0001795003 | 🇹🇼 TW | $1,6 Mrd. | C |
| 95 | Genomma Lab Internacional S.A.B. de C.V. MX01LA010006 | 🇲🇽 MX | $853 Mio. | C |
| 96 | Toho Holdings Co. Ltd. JP3602600003 | 🇯🇵 JP | $1,6 Mrd. | C |
| 97 | Amphastar Pharmaceuticals Inc. US03209R1032 | 🇺🇸 US | $866 Mio. | C |
| 98 | Korea United Pharm Inc. KR7033270000 | 🇰🇷 KR | $163 Mio. | C |
| 99 | Grape King Bio Ltd TW0001707008 | 🇹🇼 TW | $428 Mio. | C |
| 100 | Chengdu Kanghong Pharmaceutical Group Co. Ltd CNE1000020C4 | 🇨🇳 CN | $3,0 Mrd. | C |
| 101 | Zhejiang Medicine Co. Ltd. CNE0000010J2 | 🇨🇳 CN | $1,7 Mrd. | C |
| 102 | Zhejiang Jiuzhou Pharmaceutical Co. Ltd CNE100001W36 | 🇨🇳 CN | $1,9 Mrd. | C |
| 103 | PT Industri Jamu dan Farmasi Sido Muncul Tbk ID1000130305 | 🇮🇩 ID | $594 Mio. | C |
| 104 | Jubilant Pharmova Limited INE700A01033 | 🇮🇳 IN | $1,6 Mrd. | C |
| 105 | Saudi Pharmaceutical Industries and Medical Appliances Corporation SA0007879188 | 🇸🇦 SA | $921 Mio. | C |
| 106 | Huons Co. Ltd. KR7243070000 | 🇰🇷 KR | $203 Mio. | C |
| 107 | Daito Pharmaceutical Co.Ltd. JP3486150000 | 🇯🇵 JP | $223 Mio. | C |
| 108 | Supernus Pharmaceuticals Inc. US8684591089 | 🇺🇸 US | $2,8 Mrd. | C |
| 109 | HUTCHMED (China) Limited KYG4672N1198 | 🇭🇰 HK | $1,9 Mrd. | C |
| 110 | Huapont Life Sciences Co. Ltd. CNE000001JJ6 | 🇨🇳 CN | $1,2 Mrd. | C |
| 111 | Eton Pharmaceuticals Inc. US29772L1089 | 🇺🇸 US | $1,0 Mrd. | C |
| 112 | Almirall S.A. ES0157097017 | 🇪🇸 ES | $2,9 Mrd. | C |
| 113 | Sumitomo Pharma Co. Ltd. JP3495000006 | 🇯🇵 JP | $4,3 Mrd. | C |
| 114 | Yuhan Corporation KR7000100008 | 🇰🇷 KR | $3,4 Mrd. | C |
| 115 | Aarti Pharmalabs Limited INE0LRU01027 | 🇮🇳 IN | $665 Mio. | C |
| 116 | Elanco Animal Health Incorporated US28414H1032 | 🇺🇸 US | $12,5 Mrd. | C |
| 117 | Ironwood Pharmaceuticals Inc. US46333X1081 | 🇺🇸 US | $713 Mio. | C |
| 118 | Pacira BioSciences Inc. US6951271005 | 🇺🇸 US | $999 Mio. | C |
| 119 | Collegium Pharmaceutical Inc. US19459J1043 | 🇺🇸 US | $1,2 Mrd. | C |
| 120 | AstraZeneca Pharma India Limited INE203A01020 | 🇮🇳 IN | $2,2 Mrd. | C |
| 121 | Humedix Co. Ltd. KR7200670008 | 🇰🇷 KR | $191 Mio. | C |
| 122 | Kaken Pharmaceutical Co. Ltd. JP3207000005 | 🇯🇵 JP | $908 Mio. | C |
| 123 | Towa Pharmaceutical Co. Ltd. JP3623150004 | 🇯🇵 JP | $1,2 Mrd. | D |
| 124 | Bora Pharmaceuticals Co. Ltd. TW0006472004 | 🇹🇼 TW | $1,8 Mrd. | D |
| 125 | PolyPeptide Group AG CH1110760852 | 🇨🇭 CH | $2,0 Mrd. | D |
| 126 | Dong-A Socio Holdings Co. Ltd. KR7000640003 | 🇰🇷 KR | $359 Mio. | D |
| 127 | SNDL Inc. CA83307B1013 | 🇨🇦 CA | $358 Mio. | D |
| 128 | Piramal Pharma Limited INE0DK501011 | 🇮🇳 IN | $2,3 Mrd. | D |
| 129 | Wockhardt Limited INE049B01025 | 🇮🇳 IN | $3,3 Mrd. | D |
| 130 | Cronos Group Inc. CA22717L1013 | 🇨🇦 CA | $1,1 Mrd. | D |
| 131 | Zhejiang Huahai Pharmaceutical Co. Ltd. CNE000001DL5 | 🇨🇳 CN | $3,3 Mrd. | D |
| 132 | Shandong Buchang Pharmaceuticals Co. Ltd. CNE100002FV6 | 🇨🇳 CN | $2,4 Mrd. | D |
| 133 | Harrow Health Inc. US4158581094 | 🇺🇸 US | $1,6 Mrd. | D |
| 134 | Organogenesis Holdings Inc. US68621F1021 | 🇺🇸 US | $304 Mio. | D |
| 135 | KYORIN Holdings Inc. JP3247090008 | 🇯🇵 JP | $422 Mio. | D |
| 136 | Walvax Biotechnology Co. Ltd. CNE100000WN2 | 🇨🇳 CN | $3,1 Mrd. | D |
| 137 | Celltrion Pharm Inc. KR7068760008 | 🇰🇷 KR | $1,2 Mrd. | D |
| 138 | Changchun High-Tech Industries (Group) Inc. CNE0000007J8 | 🇨🇳 CN | $4,2 Mrd. | D |
| 139 | Sawai Group Holdings Co. Ltd. JP3323040000 | 🇯🇵 JP | $1,2 Mrd. | D |
| 140 | Embecta Corp. US29082K1051 | 🇺🇸 US | $199 Mio. | D |
| 141 | Phibro Animal Health Corporation US71742Q1067 | 🇺🇸 US | $1,3 Mrd. | D |
| 142 | Ildong Pharmaceutical Co. Ltd. KR7249420001 | 🇰🇷 KR | $333 Mio. | D |
| 143 | Evolus Inc. US30052C1071 | 🇺🇸 US | $454 Mio. | D |
| 144 | China Traditional Chinese Medicine Holdings Co. Limited HK0000056256 | 🇭🇰 HK | $886 Mio. | D |
| 145 | SIGA Technologies Inc. US8269171067 | 🇺🇸 US | $277 Mio. | D |
| 146 | Kwang Dong Pharmaceutical Co. Ltd. KR7009290008 | 🇰🇷 KR | $156 Mio. | D |
| 147 | Shenzhen Kangtai Biological Products Co. Ltd. CNE100002Q33 | 🇨🇳 CN | $1,9 Mrd. | D |
| 148 | Bukwang Pharmaceutical Co. Ltd. KR7003000007 | 🇰🇷 KR | $267 Mio. | D |
| 149 | EuBiologics Co. Ltd. KR7206650004 | 🇰🇷 KR | $205 Mio. | D |
| 150 | Journey Medical Corporation US48115J1097 | 🇺🇸 US | $182 Mio. | D |
| 151 | TerrAscend Corp. CA88105E1088 | 🇨🇦 CA | $197 Mio. | D |
| 152 | Sihuan Pharmaceutical Holdings Group Ltd. BMG8162K1137 | 🇨🇳 CN | $1,0 Mrd. | D |
| 153 | Dong-A ST Co. Ltd. KR7170900005 | 🇰🇷 KR | $221 Mio. | D |
| 154 | Bausch Health Companies Inc. CA0717341071 | 🇨🇦 CA | $1,8 Mrd. | D |
| 155 | Shinpoong Pharmaceutical Co. Ltd. KR7019170000 | 🇰🇷 KR | $273 Mio. | D |
| 156 | Perrigo Company plc IE00BGH1M568 | 🇮🇪 IE | $1,5 Mrd. | D |
| 157 | Alpha Teknova Inc. US02080L1026 | 🇺🇸 US | $310 Mio. | D |
| 158 | Evotec SE DE0005664809 | 🇩🇪 DE | $1,0 Mrd. | D |
| 159 | Alvotech LU2458332611 | 🇮🇸 IS | $1,2 Mrd. | D |
| 160 | Aurora Cannabis Inc. CA05156X8504 | 🇨🇦 CA | $177 Mio. | D |
| 161 | Yungjin Pharm. Co. Ltd. KR7003520004 | 🇰🇷 KR | $141 Mio. | D |
| 162 | Organigram Global Inc. CA68617J1003 | 🇨🇦 CA | $145 Mio. | D |
| 163 | Aquestive Therapeutics Inc. US03843E1047 | 🇺🇸 US | $415 Mio. | D |
| 164 | Tilray Brands Inc. US88688T2096 | 🇨🇦 CA | $554 Mio. | D |
| 165 | Zhejiang Hisoar Pharmaceutical Co. Ltd. CNE000001PY2 | 🇨🇳 CN | $1,3 Mrd. | D |
| 166 | Canopy Growth Corporation CA1380357048 | 🇨🇦 CA | $422 Mio. | D |
| 1 | Merck KGaA DE0006599905 | 🇩🇪 DE | $73,4 Mrd. | A+ |
| 2 | Takeda Pharmaceutical Company Limited JP3463000004 | 🇯🇵 JP | $53,5 Mrd. | A |
| 3 | Galderma Group AG CH1335392721 | 🇨🇭 CH | $52,7 Mrd. | A+ |
| 4 | Jiangsu Hengrui Pharmaceuticals Co.Ltd CNE100006XS6 | 🇨🇳 CN | $51,5 Mrd. | B+ |
| 5 | Sun Pharmaceutical Industries Limited INE044A01036 | 🇮🇳 IN | $47,1 Mrd. | A+ |
| 6 | Haleon plc US4055521003 | 🇬🇧 GB | $43,3 Mrd. | B+ |
| 7 | Teva Pharmaceutical Industries Limited IL0006290147 | 🇮🇱 IL | $40,4 Mrd. | A |
| 8 | Sandoz Group AG CH1243598427 | 🇨🇭 CH | $38,8 Mrd. | A |
| 9 | Hansoh Pharmaceutical Group Company Limited KYG549581067 | 🇨🇳 CN | $24,2 Mrd. | A |
| 10 | Viatris Inc. US92556V1061 | 🇺🇸 US | $19,4 Mrd. | C |
| 11 | Divis Laboratories Limited INE361B01024 | 🇮🇳 IN | $18,6 Mrd. | A+ |
| 12 | Torrent Pharmaceuticals Limited INE685A01028 | 🇮🇳 IN | $16,6 Mrd. | A+ |
| 13 | PharmaEssentia Corporation TW0006446008 | 🇹🇼 TW | $16,3 Mrd. | A+ |
| 14 | Shionogi & Co. Ltd. JP3347200002 | 🇯🇵 JP | $15,3 Mrd. | A |
| 15 | Zhejiang NHU Company Ltd. CNE000001J84 | 🇨🇳 CN | $13,7 Mrd. | A |
| 16 | Yunnan Baiyao Group Co.Ltd CNE0000008X7 | 🇨🇳 CN | $12,8 Mrd. | B+ |
| 17 | Elanco Animal Health Incorporated US28414H1032 | 🇺🇸 US | $12,5 Mrd. | C |
| 18 | Dr. Reddys Laboratories Limited US2561352038 | 🇮🇳 IN | $12,0 Mrd. | A+ |
| 19 | Zydus Lifesciences Limited INE010B01027 | 🇮🇳 IN | $11,6 Mrd. | A+ |
| 20 | Lupin Limited INE326A01037 | 🇮🇳 IN | $11,5 Mrd. | A+ |
| 21 | Mankind Pharma Limited INE634S01028 | 🇮🇳 IN | $10,8 Mrd. | A+ |
| 22 | Aurobindo Pharma Limited INE406A01037 | 🇮🇳 IN | $9,4 Mrd. | A |
| 23 | Shanghai Fosun Pharmaceutical (Group) Co. Ltd. CNE000000X38 | 🇨🇳 CN | $9,0 Mrd. | B |
| 24 | Laurus Labs Limited INE947Q01028 | 🇮🇳 IN | $8,6 Mrd. | A+ |
| 25 | Huadong Medicine Co. Ltd CNE0000011S1 | 🇨🇳 CN | $7,6 Mrd. | B+ |
| 26 | Eisai Co. Ltd. JP3160400002 | 🇯🇵 JP | $7,5 Mrd. | B+ |
| 27 | Lantheus Holdings Inc. US5165441032 | 🇺🇸 US | $7,2 Mrd. | A+ |
| 28 | Bachem Holding AG CH1176493729 | 🇨🇭 CH | $7,1 Mrd. | A |
| 29 | Alkem Laboratories Limited INE540L01014 | 🇮🇳 IN | $6,9 Mrd. | A |
| 30 | Glenmark Pharmaceuticals Limited INE935A01035 | 🇮🇳 IN | $6,5 Mrd. | B+ |
| 31 | China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. CNE0000011K8 | 🇨🇳 CN | $5,9 Mrd. | A |
| 32 | Amneal Pharmaceuticals Inc. US03168L1052 | 🇺🇸 US | $5,5 Mrd. | B |
| 33 | H. Lundbeck A/S DK0061804770 | 🇩🇰 DK | $5,4 Mrd. | A |
| 34 | Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited CNE000001733 | 🇨🇳 CN | $5,0 Mrd. | B |
| 35 | Indivior Pharmaceuticals Inc US45579U1097 | 🇺🇸 US | $5,0 Mrd. | B+ |
| 36 | Ipca Laboratories Limited INE571A01038 | 🇮🇳 IN | $4,6 Mrd. | A |
| 37 | Dong-E-E-Jiao Co.Ltd. CNE0000006Y9 | 🇨🇳 CN | $4,5 Mrd. | A |
| 38 | Hikma Pharmaceuticals PLC GB00B0LCW083 | 🇬🇧 GB | $4,4 Mrd. | A |
| 39 | Ajanta Pharma Limited INE031B01049 | 🇮🇳 IN | $4,4 Mrd. | A+ |
| 40 | Sumitomo Pharma Co. Ltd. JP3495000006 | 🇯🇵 JP | $4,3 Mrd. | C |
| 41 | Aspen Pharmacare Holdings Limited ZAE000066692 | 🇿🇦 ZA | $4,3 Mrd. | B |
| 42 | Betta Pharmaceuticals Co. Ltd. CNE100002DD9 | 🇨🇳 CN | $4,2 Mrd. | B |
| 43 | Changchun High-Tech Industries (Group) Inc. CNE0000007J8 | 🇨🇳 CN | $4,2 Mrd. | D |
| 44 | Siegfried Holding AG CH1429326825 | 🇨🇭 CH | $3,9 Mrd. | B+ |
| 45 | Livzon Pharmaceutical Group Inc. CNE0000002Y8 | 🇨🇳 CN | $3,9 Mrd. | B+ |
| 46 | J. B. Chemicals & Pharmaceuticals Limited INE572A01036 | 🇮🇳 IN | $3,9 Mrd. | A+ |
| 47 | Hanmi Pharm. Co. Ltd. KR7128940004 | 🇰🇷 KR | $3,8 Mrd. | B |
| 48 | Emcure Pharmaceuticals Ltd. INE168P01015 | 🇮🇳 IN | $3,7 Mrd. | A |
| 49 | China Medical System Holdings Limited KYG211081248 | 🇭🇰 HK | $3,5 Mrd. | B |
| 50 | Yuhan Corporation KR7000100008 | 🇰🇷 KR | $3,4 Mrd. | C |
| 51 | Laboratorios Farmaceuticos Rovi S.A. ES0157261019 | 🇪🇸 ES | $3,4 Mrd. | B+ |
| 52 | Wockhardt Limited INE049B01025 | 🇮🇳 IN | $3,3 Mrd. | D |
| 53 | Zhejiang Huahai Pharmaceutical Co. Ltd. CNE000001DL5 | 🇨🇳 CN | $3,3 Mrd. | D |
| 54 | Tianjin Pharmaceutical Da Ren Tang Group Corporation Limited CNE000001808 | 🇨🇳 CN | $3,3 Mrd. | B |
| 55 | Jilin Aodong Pharmaceutical Group Co. Ltd. CNE000000719 | 🇨🇳 CN | $3,2 Mrd. | B+ |
| 56 | Walvax Biotechnology Co. Ltd. CNE100000WN2 | 🇨🇳 CN | $3,1 Mrd. | D |
| 57 | Hubei Jumpcan Pharmaceutical Co. Ltd. CNE0000018X6 | 🇨🇳 CN | $3,1 Mrd. | C |
| 58 | Tasly Pharmaceutical Group Co. Ltd CNE000001C81 | 🇨🇳 CN | $3,0 Mrd. | B |
| 59 | Apeloa Pharmaceutical Co.Ltd CNE000000Q45 | 🇨🇳 CN | $3,0 Mrd. | B+ |
| 60 | Chengdu Kanghong Pharmaceutical Group Co. Ltd CNE1000020C4 | 🇨🇳 CN | $3,0 Mrd. | C |
| 61 | Jiangsu Nhwa Pharmaceutical Co. Ltd. CNE100000CG8 | 🇨🇳 CN | $3,0 Mrd. | B |
| 62 | China National Medicines Corporation Ltd. CNE000001D56 | 🇨🇳 CN | $3,0 Mrd. | B |
| 63 | Almirall S.A. ES0157097017 | 🇪🇸 ES | $2,9 Mrd. | C |
| 64 | Jamjoom Pharmaceuticals Factory Company SA15QGU1UNH6 | 🇸🇦 SA | $2,8 Mrd. | A |
| 65 | Hypera S.A. BRHYPEACNOR0 | 🇧🇷 BR | $2,8 Mrd. | A |
| 66 | Supernus Pharmaceuticals Inc. US8684591089 | 🇺🇸 US | $2,8 Mrd. | C |
| 67 | Joincare Pharmaceutical Group Industry Co.Ltd. CNE000001816 | 🇨🇳 CN | $2,7 Mrd. | B |
| 68 | Dermapharm Holding SE DE000A2GS5D8 | 🇩🇪 DE | $2,7 Mrd. | B+ |
| 69 | China Resources Double-Crane Pharmaceutical Co.Ltd. CNE000000Q94 | 🇨🇳 CN | $2,6 Mrd. | B+ |
| 70 | Neuland Laboratories Limited INE794A01010 | 🇮🇳 IN | $2,6 Mrd. | A |
| 71 | Shandong Buchang Pharmaceuticals Co. Ltd. CNE100002FV6 | 🇨🇳 CN | $2,4 Mrd. | D |
| 72 | Piramal Pharma Limited INE0DK501011 | 🇮🇳 IN | $2,3 Mrd. | D |
| 73 | The United Laboratories International Holdings Limited KYG8813K1085 | 🇭🇰 HK | $2,3 Mrd. | B+ |
| 74 | AstraZeneca Pharma India Limited INE203A01020 | 🇮🇳 IN | $2,2 Mrd. | C |
| 75 | Granules India Limited INE101D01020 | 🇮🇳 IN | $2,2 Mrd. | A+ |
| 76 | China Resources Jiangzhong Pharmaceutical Co.Ltd CNE000000M80 | 🇨🇳 CN | $2,1 Mrd. | B+ |
| 77 | Eris Lifesciences Limited INE406M01024 | 🇮🇳 IN | $2,1 Mrd. | B |
| 78 | Fagron N.V. BE0003874915 | 🇧🇪 BE | $2,0 Mrd. | A |
| 79 | Caplin Point Laboratories Ltd. INE475E01026 | 🇮🇳 IN | $2,0 Mrd. | A |
| 80 | PolyPeptide Group AG CH1110760852 | 🇨🇭 CH | $2,0 Mrd. | D |
| 81 | ANI Pharmaceuticals Inc. US00182C1036 | 🇺🇸 US | $2,0 Mrd. | B+ |
| 82 | HUTCHMED (China) Limited KYG4672N1198 | 🇭🇰 HK | $1,9 Mrd. | C |
| 83 | Shenzhen Kangtai Biological Products Co. Ltd. CNE100002Q33 | 🇨🇳 CN | $1,9 Mrd. | D |
| 84 | Zhejiang Jiuzhou Pharmaceutical Co. Ltd CNE100001W36 | 🇨🇳 CN | $1,9 Mrd. | C |
| 85 | Bausch Health Companies Inc. CA0717341071 | 🇨🇦 CA | $1,8 Mrd. | D |
| 86 | Zhejiang Hisun Pharmaceutical Co. Ltd. CNE0000013Z2 | 🇨🇳 CN | $1,8 Mrd. | B |
| 87 | Bora Pharmaceuticals Co. Ltd. TW0006472004 | 🇹🇼 TW | $1,8 Mrd. | D |
| 88 | Nanjing King-Friend Biochemical Pharmaceutical Co.Ltd. CNE100002WP3 | 🇨🇳 CN | $1,8 Mrd. | C |
| 89 | NATCO Pharma Limited INE987B01026 | 🇮🇳 IN | $1,8 Mrd. | A |
| 90 | Tsumura & Co. JP3535800001 | 🇯🇵 JP | $1,7 Mrd. | B+ |
| 91 | Nippon Shinyaku Co. Ltd. JP3717600005 | 🇯🇵 JP | $1,7 Mrd. | B |
| 92 | Zhejiang Medicine Co. Ltd. CNE0000010J2 | 🇨🇳 CN | $1,7 Mrd. | C |
| 93 | Alembic Pharmaceuticals Limited INE901L01018 | 🇮🇳 IN | $1,7 Mrd. | B |
| 94 | Lotus Pharmaceutical Co. Ltd. TW0001795003 | 🇹🇼 TW | $1,6 Mrd. | C |
| 95 | Jubilant Pharmova Limited INE700A01033 | 🇮🇳 IN | $1,6 Mrd. | C |
| 96 | Harrow Health Inc. US4158581094 | 🇺🇸 US | $1,6 Mrd. | D |
| 97 | Toho Holdings Co. Ltd. JP3602600003 | 🇯🇵 JP | $1,6 Mrd. | C |
| 98 | Perrigo Company plc IE00BGH1M568 | 🇮🇪 IE | $1,5 Mrd. | D |
| 99 | Alivus Life Sciences Limited INE03Q201024 | 🇮🇳 IN | $1,5 Mrd. | A |
| 100 | Consun Pharmaceutical Group Limited KYG2524A1031 | 🇨🇳 CN | $1,4 Mrd. | B+ |
| 101 | Phibro Animal Health Corporation US71742Q1067 | 🇺🇸 US | $1,3 Mrd. | D |
| 102 | Zhejiang Hisoar Pharmaceutical Co. Ltd. CNE000001PY2 | 🇨🇳 CN | $1,3 Mrd. | D |
| 103 | BioGaia AB (publ) SE0017769995 | 🇸🇪 SE | $1,2 Mrd. | B+ |
| 104 | Sawai Group Holdings Co. Ltd. JP3323040000 | 🇯🇵 JP | $1,2 Mrd. | D |
| 105 | Alvotech LU2458332611 | 🇮🇸 IS | $1,2 Mrd. | D |
| 106 | Huapont Life Sciences Co. Ltd. CNE000001JJ6 | 🇨🇳 CN | $1,2 Mrd. | C |
| 107 | Collegium Pharmaceutical Inc. US19459J1043 | 🇺🇸 US | $1,2 Mrd. | C |
| 108 | Towa Pharmaceutical Co. Ltd. JP3623150004 | 🇯🇵 JP | $1,2 Mrd. | D |
| 109 | Celltrion Pharm Inc. KR7068760008 | 🇰🇷 KR | $1,2 Mrd. | D |
| 110 | Procter & Gamble Health Limited INE199A01012 | 🇮🇳 IN | $1,1 Mrd. | B+ |
| 111 | Strides Pharma Science Limited INE939A01011 | 🇮🇳 IN | $1,1 Mrd. | B+ |
| 112 | Cronos Group Inc. CA22717L1013 | 🇨🇦 CA | $1,1 Mrd. | D |
| 113 | Kissei Pharmaceutical Co. Ltd. JP3240600001 | 🇯🇵 JP | $1,1 Mrd. | B |
| 114 | Evotec SE DE0005664809 | 🇩🇪 DE | $1,0 Mrd. | D |
| 115 | Eton Pharmaceuticals Inc. US29772L1089 | 🇺🇸 US | $1,0 Mrd. | C |
| 116 | Daewoong pharmaceutical Co.Ltd KR7069620003 | 🇰🇷 KR | $1,0 Mrd. | B |
| 117 | Sihuan Pharmaceutical Holdings Group Ltd. BMG8162K1137 | 🇨🇳 CN | $1,0 Mrd. | D |
| 118 | Pacira BioSciences Inc. US6951271005 | 🇺🇸 US | $999 Mio. | C |
| 119 | Mega Lifesciences Public Company Limited TH4984010R19 | 🇹🇭 TH | $987 Mio. | B+ |
| 120 | Pharmanutra S.p.A. IT0005274094 | 🇮🇹 IT | $962 Mio. | A |
| 121 | Center Laboratories Inc. TW0004123005 | 🇹🇼 TW | $933 Mio. | B |
| 122 | Saudi Pharmaceutical Industries and Medical Appliances Corporation SA0007879188 | 🇸🇦 SA | $921 Mio. | C |
| 123 | Kaken Pharmaceutical Co. Ltd. JP3207000005 | 🇯🇵 JP | $908 Mio. | C |
| 124 | China Traditional Chinese Medicine Holdings Co. Limited HK0000056256 | 🇭🇰 HK | $886 Mio. | D |
| 125 | Amphastar Pharmaceuticals Inc. US03209R1032 | 🇺🇸 US | $866 Mio. | C |
| 126 | Genomma Lab Internacional S.A.B. de C.V. MX01LA010006 | 🇲🇽 MX | $853 Mio. | C |
| 127 | Ironwood Pharmaceuticals Inc. US46333X1081 | 🇺🇸 US | $713 Mio. | C |
| 128 | China Shineway Pharmaceutical Group Limited KYG2110P1000 | 🇨🇳 CN | $711 Mio. | A |
| 129 | Mochida Pharmaceutical Co. Ltd. JP3922800002 | 🇯🇵 JP | $705 Mio. | B |
| 130 | Aarti Pharmalabs Limited INE0LRU01027 | 🇮🇳 IN | $665 Mio. | C |
| 131 | Shilpa Medicare Limited INE790G01031 | 🇮🇳 IN | $617 Mio. | B |
| 132 | TTY Biopharm Company Limited TW0004105002 | 🇹🇼 TW | $609 Mio. | B+ |
| 133 | PT Industri Jamu dan Farmasi Sido Muncul Tbk ID1000130305 | 🇮🇩 ID | $594 Mio. | C |
| 134 | DongKook Pharmaceutical Co. Ltd. KR7086450004 | 🇰🇷 KR | $586 Mio. | C |
| 135 | Zeria Pharmaceutical Co. Ltd. JP3428850006 | 🇯🇵 JP | $563 Mio. | B+ |
| 136 | Tilray Brands Inc. US88688T2096 | 🇨🇦 CA | $554 Mio. | D |
| 137 | Evolus Inc. US30052C1071 | 🇺🇸 US | $454 Mio. | D |
| 138 | YungShin Global Holding Corporation TW0003705000 | 🇹🇼 TW | $453 Mio. | C |
| 139 | Grape King Bio Ltd TW0001707008 | 🇹🇼 TW | $428 Mio. | C |
| 140 | KYORIN Holdings Inc. JP3247090008 | 🇯🇵 JP | $422 Mio. | D |
| 141 | ASKA Pharmaceutical Holdings Co.Ltd. JP3119660003 | 🇯🇵 JP | $422 Mio. | B |
| 142 | Canopy Growth Corporation CA1380357048 | 🇨🇦 CA | $422 Mio. | D |
| 143 | Aquestive Therapeutics Inc. US03843E1047 | 🇺🇸 US | $415 Mio. | D |
| 144 | JW Pharmaceutical Corporation KR7001060003 | 🇰🇷 KR | $384 Mio. | B |
| 145 | Dong-A Socio Holdings Co. Ltd. KR7000640003 | 🇰🇷 KR | $359 Mio. | D |
| 146 | SNDL Inc. CA83307B1013 | 🇨🇦 CA | $358 Mio. | D |
| 147 | Ildong Pharmaceutical Co. Ltd. KR7249420001 | 🇰🇷 KR | $333 Mio. | D |
| 148 | Fuji Pharma Co. Ltd. JP3816200004 | 🇯🇵 JP | $317 Mio. | C |
| 149 | Alpha Teknova Inc. US02080L1026 | 🇺🇸 US | $310 Mio. | D |
| 150 | Organogenesis Holdings Inc. US68621F1021 | 🇺🇸 US | $304 Mio. | D |
| 151 | SIGA Technologies Inc. US8269171067 | 🇺🇸 US | $277 Mio. | D |
| 152 | Shinpoong Pharmaceutical Co. Ltd. KR7019170000 | 🇰🇷 KR | $273 Mio. | D |
| 153 | Bukwang Pharmaceutical Co. Ltd. KR7003000007 | 🇰🇷 KR | $267 Mio. | D |
| 154 | Daito Pharmaceutical Co.Ltd. JP3486150000 | 🇯🇵 JP | $223 Mio. | C |
| 155 | Dong-A ST Co. Ltd. KR7170900005 | 🇰🇷 KR | $221 Mio. | D |
| 156 | EuBiologics Co. Ltd. KR7206650004 | 🇰🇷 KR | $205 Mio. | D |
| 157 | Huons Co. Ltd. KR7243070000 | 🇰🇷 KR | $203 Mio. | C |
| 158 | Embecta Corp. US29082K1051 | 🇺🇸 US | $199 Mio. | D |
| 159 | TerrAscend Corp. CA88105E1088 | 🇨🇦 CA | $197 Mio. | D |
| 160 | Humedix Co. Ltd. KR7200670008 | 🇰🇷 KR | $191 Mio. | C |
| 161 | Journey Medical Corporation US48115J1097 | 🇺🇸 US | $182 Mio. | D |
| 162 | Aurora Cannabis Inc. CA05156X8504 | 🇨🇦 CA | $177 Mio. | D |
| 163 | Korea United Pharm Inc. KR7033270000 | 🇰🇷 KR | $163 Mio. | C |
| 164 | Kwang Dong Pharmaceutical Co. Ltd. KR7009290008 | 🇰🇷 KR | $156 Mio. | D |
| 165 | Organigram Global Inc. CA68617J1003 | 🇨🇦 CA | $145 Mio. | D |
| 166 | Yungjin Pharm. Co. Ltd. KR7003520004 | 🇰🇷 KR | $141 Mio. | D |