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2021 Top 8 pharmaceutical companies with the highest net income in the world: Novartis' first Moderna enters the list with the new crown vaccine

 Last Update: 2022-04-16
 Source: Internet
 Author: User

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According to Yahoo Finance and Insider Monkey, the market value of the biotech industry will grow rapidly and is expected to reach $950 billion by 2027

8.
Regeneron: $8.
58 billion

Headquartered in New York, Regeneron develops medicines for infectious diseases, eye diseases, cardiovascular, allergic and inflammatory diseases, and cancer
.
The company reported net income of $8.
58 billion in 2021, bringing its full-year revenue to $16.
07 billion
.
Of this, as much as $6.
19 billion comes from Regen-Cov, a combination therapy of COVID-19 antibodies developed by it
.
In 2021, the U.
S.
FDA granted emergency authorization to REGEN-COV for the treatment of high-risk individuals with recently diagnosed mild to moderate COVID-19
.

Reference source: BioSpace Looks at the Top 8 Biopharma Companies by Net Income

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