Biotech companies play an important role in the advancement of the USA and especially the health care sector. Biotechnology is advancing rapidly with growing technology and opportunities in many sectors with the emergence of advanced technology like AI, single-cell genomics, and RNA-based therapies, they have opened many doors in the science and technology field. In this blog, we will be discussing and knowing about the top biotech companies in the USA.
1. Gilead Sciences
Gilead Sciences is a research-based Biotechnology company that aims to fight life-threatening diseases like Cancer. The company has been operating for the last 35 years. Daniel O’Day is the current Chief Executive officer of Gilead Sciences. Their headquarters are situated in Foster City, CA.
Currently, the company is taking a revolutionary approach to find solutions for cancer, HIV, viral hepatitis, emerging viruses, oncology, and inflammatory diseases.
The current revenue for 2022 of Gilead Sciences is recorded at $27.3 billion.
2. Amgen Inc.
Amgen is one of the leading biotechnology companies in the USA. The core purpose of building Amgen is to fight against serious illness by discovering, developing, manufacturing, and delivering human therapeutics. This approach came into action by using the latest technology in human genetics. This biotechnology company was established in 1980.
Currently, the company is working in 100 countries and regions worldwide discovering medicines for worldwide diseases like cancer, cardiovascular disease, osteoporosis, asthma, rheumatoid arthritis, and many others.
The headquarters of Amgen Inc. is situated in Thousand Oaks, California, United States.
The revenue of the last year 2022 stands at 2,632 crores USD.
3. Biogen Inc.
Biogen is a multinational biotechnology company situated in Cambridge, Massachusetts, United States. The company was founded in 1978 and currently, its CEO is Chris Viehbacher. With their infrastructure, they research and find cures for serious diseases.
With the advancement of technology in this industry potential therapies include neurology, neuropsychiatry, specialized immunology, and rare disease and remain acutely focused on its purpose of serving humanity through science while advancing a healthier, more sustainable, and equitable world. The revenue of 2022 closed at $10,982 million.
4. Illumina, Inc.
Illumina is one of the top biotech companies in the USA having a strong leadership in genomics and the emerging technologies related to genomics. Their Advancements in Sequencing and array-based solutions are touching new heights in biotech. The future of medicines might be gene therapies and their research is around that. Recently, the company has unveiled AI software that can predict disease-causing genetic mutations in patients.
The company was founded by Larry Bock and Anthony Czarmikand their current CEO is Francis deSouza. Their headquarters are in San Diego, California. They are currently operating in around 140 countries. They recorded their last revenue as $4.58 billion
5. Agilent Technologies
Agilent Technologies is a global biotechnology company currently supporting scientists in 110 countries. They are based in Santa Carla, California, United States. They are founded in 1999 by Bill Hewlet and its current chief executive officer is Michael R. McMullen. Agilent is also included in Just Capital’s 23 and ranked 35 among the top 100 companies. Their last revenue of FY2022 was recorded as 685 crores USD (2022)
The company is working on the discovery of food without any contaminants whether chemical, viral, bacterial, or microbiological. They are working on environmental and forensics, pharmaceuticals, Diagnostics, chemical, and energy research on different levels to achieve maximum results in the field of biotechnology.
6. Bluebird Bio
Bluebird Bio Inc. is based in Somerville, Massachusetts, United States is one of the biotechnology companies which develops gene therapies for severe genetic diseases. The president/ Director of Bluebird Bio is Andrew Obenshain. The company was founded on 16 April 1992 by Philippe Leboulch. Their lentiviral vector (LVV) technology is applicable to a broad range of serious diseases and has the potential to provide transformative benefits. The company recorded its last revenue of FY2022 as $3.6 million
7. Moderna, Inc.
Moderna is one of the biotechnology and pharmaceutical companies that focuses on RNA Therapeutics, especially mRNA vaccines. The company is one of the first companies who discovered vaccines for COVID-19. The company was founded in September 2010 by Noubar Afeyan, Robert S. Langer, Kenneth R. Chien, and Derrick Rossi. They are based in Massachusetts, United States. They record their last revenue of FY 2022 as $19.3 billion.
Moderna is the industry’s leading mRNA technology platform. They want to create the greatest possible positive impact on humans through mRNA medicines. The name of the company itself is quite interesting; it was actually made of two words- Modified and RNA which later became Moderna.
8. Regeneron Pharmaceuticals, Inc.
Regeneron is primarily engaged in discovering, inventing, developing, and delivering life-changing medicines for people fighting serious diseases. The company was founded in 1988 By Leonard Schleifer and Eric Manvers Shooter. Their headquarters are situated in Tarrytown, New York, United States. They closed their last financial year with a revenue of 1,217 crores USD (2022).
Regeneron was established 35 years ago, and since that, they have been constantly working on medicines for patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, pain, hematologic conditions, infectious diseases, and rare diseases.
The Biotech industry is rapidly growing in the United States, and some of the top and rapidly growing companies I have mentioned in this blog. These companies have left their print on the health sector and environmental sustainability through remarkable research and innovative technologies.
As we look to the future, the impact of these biotech companies is expected to grow even further. With advancements in fields like synthetic biology, personalized medicine, and regenerative therapies, these companies are poised to address some of the most pressing challenges of our time. Let’s hope the future will be free from such chronic diseases! We must recommend our readers check the top 10 highest-paying jobs in the USA.
Q.1. Which is the oldest biotechnology company in the USA?
Ans:- Genentech Inc. is one of the world’s oldest biotech companies. It has been operating since 1976(47 years).