Large-Cap BioPharma

8
GILD Gilead Sciences
Small Molecule

HIV, Oncology, Liver. Key products: Biktarvy, Trodelvy, Livdelzi.

$95B+Market Cap
50+Pipeline
15+Phase 3
25+Approved
Next Catalyst
Lenacapavir HIV data (2026)
HIVOncologyLiver
View Company
AMGN Amgen
Biologics

Oncology, I&I, Bone. Key products: Repatha, Prolia, Lumakras.

$150B+Market Cap
40+Pipeline
10+Phase 3
20+Approved
Next Catalyst
MariTide obesity Ph3 (2026)
OncologyI&IBone
View Company
VRTX Vertex Pharmaceuticals
Small Molecule

Rare Disease (CF), Pain, Gene Therapy. Key products: Trikafta, JOURNAVX, Casgevy.

$120B+Market Cap
20+Pipeline
5Phase 3
5Approved
Next Catalyst
VX-548 pain Ph3 (2026)
Rare DiseasePainGene Therapy
View Company
BMRN BioMarin Pharmaceutical
Enzyme

Rare Disease. Key products: Voxzogo, Palynziq, Roctavian.

$12BMarket Cap
10+Pipeline
2Phase 3
7Approved
Next Catalyst
Roctavian expansion (2026)
Rare DiseaseEnzyme
View Company
REGN Regeneron Pharmaceuticals
Antibody

I&I, Ophthalmology, Oncology. Key products: Dupixent, EYLEA HD, Libtayo.

$90B+Market Cap
35+Pipeline
10+Phase 3
8Approved
Next Catalyst
Dupixent COPD Ph3 (2026)
I&IOphthalmologyOncology
View Company
BIIB Biogen
Antibody

Neuropsychiatry. Key products: Leqembi, Spinraza, Tysabri.

$25BMarket Cap
20+Pipeline
5Phase 3
8Approved
Next Catalyst
Leqembi expansion (2026)
NeuropsychiatryMSSMA
View Company
ABBV AbbVie
Small Molecule

I&I, Oncology, Neuro. Key products: Humira, Skyrizi, Rinvoq.

$300B+Market Cap
50+Pipeline
15+Phase 3
30+Approved
Next Catalyst
Skyrizi/Rinvoq growth (2026)
I&IOncologyNeuro
View Company
ALNY Alnylam Pharmaceuticals
RNAi

Rare Disease (RNAi). Key products: Amvuttra, Onpattro, Givlaari.

$28.5BMarket Cap
12Pipeline
3Phase 3
5Approved
Next Catalyst
HELIOS-B ATTR-CM data (Q2 2026)
Rare DiseaseRNAiCardiometabolic
View Company

Platform

10
MRNA Moderna
mRNA

Vaccines, Oncology, Rare. COVID/RSV vaccines platform.

$15BMarket Cap
45+Pipeline
8Phase 3
2Approved
Next Catalyst
mRNA-1283 COVID (2026)
VaccinesOncologyRare Disease
View Company
IONS Ionis Pharmaceuticals
Antisense

Neuro, Cardio, Rare. Key products: SPINRAZA, WAINUA.

$7.8BMarket Cap
40+Pipeline
5Phase 3
4Approved
Next Catalyst
sNDA submission (sHTG) (Q1 2026)
NeuroCardioRare
View Company
ARWR Arrowhead Pharmaceuticals
RNAi

Liver, Cardio, Pulmonary. Key product: Plozasiran.

$4.2BMarket Cap
15Pipeline
3Phase 3
1Approved
Next Catalyst
ARO-INHBE/ALK7 full obesity cohort data (Q2 2026)
LiverCardioPulmonary
View Company
CRSP CRISPR Therapeutics
Gene Editing

Rare Disease (Gene Editing). Key product: Casgevy.

$3.5BMarket Cap
8Pipeline
2Phase 3
1Approved
Next Catalyst
CTX112 CAR-T (2026)
Rare DiseaseGene EditingHematology
View Company
RNA Avidity Biosciences
AOC

Neuromuscular, Cardio. Lead: del-desiran (Ph3).

$3.0BMarket Cap
5Pipeline
2Phase 3
Next Catalyst
del-desiran DM1 Ph3 (2026)
NeuromuscularCardioAOC
View Company
BEAM Beam Therapeutics
Base Editing

Rare Disease (Gene Editing). Lead: BEAM-101 (Ph1/2).

$3.1BMarket Cap
5Pipeline
1Phase 3
Next Catalyst
BEAM-302 AATD (2026)
Gene EditingSickle CellLiver
View Company
NTLA Intellia Therapeutics
CRISPR

Rare Disease (Gene Editing). Lead: NTLA-2001 (Ph3).

$2.8BMarket Cap
6Pipeline
2Phase 3
Next Catalyst
NTLA-2001 ATTR Ph3 (2026)
Gene EditingATTRHAE
View Company
SANA Sana Biotechnology
Cell Therapy

Cell Engineering platform for hypoimmune cells.

$1.2BMarket Cap
4Pipeline
1Phase 3
Next Catalyst
SC291 Ph1 (2026)
Cell TherapyHypoimmunePlatform
View Company
PRME Prime Medicine
Gene Editing

Prime Editing platform. Lead: PM359 (Ph1).

$0.8BMarket Cap
3Pipeline
0Phase 3
Next Catalyst
PM359 IND (2026)
Gene EditingRare DiseasePlatform
View Company
RGNX Regenxbio
Gene Therapy

AAV gene therapy platform. Multiple programs.

$0.6BMarket Cap
8Pipeline
2Phase 3
Next Catalyst
RGX-314 wet AMD (2026)
Gene TherapyOphthalmologyPlatform
View Company

Commercial Specialty

41
MIRM Mirum Pharmaceuticals
Small Molecule

Rare - Liver. Key product: Livmarli.

$4.5BMarket Cap
4Pipeline
2Phase 3
3Approved
Next Catalyst
Volixibat PSC (2026)
Rare DiseaseLiverCholestasis
View Company
ALKS Alkermes
Small Molecule

Neuropsychiatry. Key products: Vivitrol, Aristada.

$5.0BMarket Cap
6Pipeline
2Phase 3
4Approved
Next Catalyst
ALKS 2680 narcolepsy (2026)
NeuropsychiatryAddictionSchizophrenia
View Company
FOLD Amicus Therapeutics
Enzyme

Rare - Lysosomal. Key products: Galafold, Pombiliti.

$3.2BMarket Cap
4Pipeline
1Phase 3
2Approved
Next Catalyst
Pombiliti expansion (2026)
Rare DiseaseLysosomalMetabolic
View Company
HALO Halozyme Therapeutics
Drug Delivery

Drug Delivery. ENHANZE royalties.

$7.2BMarket Cap
20+Pipeline
N/APhase 3
8Approved
Next Catalyst
New ENHANZE deals (2026)
Drug DeliveryRoyaltiesPlatform
View Company
KRYS Krystal Biotech
Gene Therapy

Rare - Dermatology. Key product: Vyjuvek.

$7BMarket Cap
6Pipeline
2Phase 3
1Approved
Next Catalyst
KB408 AATD (2026)
Rare DiseaseDermatologyGene Therapy
View Company
CYTK Cytokinetics
Small Molecule

Cardiovascular. Key product: Myqorzo.

$5.5BMarket Cap
3Pipeline
2Phase 3
1Approved
Next Catalyst
Aficamten HCM (2026)
CardiovascularHCMHeart Failure
View Company
GRAL Grail
Diagnostics

Dx - Oncology. Key product: Galleri.

$2.0BMarket Cap
2Pipeline
N/APhase 3
1Approved
Next Catalyst
Galleri Medicare (2026)
DiagnosticsOncologyScreening
View Company
INCY Incyte
Small Molecule

Oncology, I&I. Key products: Jakafi, Opzelura.

$14BMarket Cap
20+Pipeline
5Phase 3
4Approved
Next Catalyst
Povorcitinib AD (2026)
OncologyI&IDermatology
View Company
PTCT PTC Therapeutics
Small Molecule

Rare Disease. Key products: Translarna, Evrysdi royalties.

$2.5BMarket Cap
6Pipeline
2Phase 3
3Approved
Next Catalyst
Sepiapterin Ph3 (2026)
Rare DiseaseNeuromuscularPKU
View Company
EXEL Exelixis
Small Molecule

Oncology. Key product: Cabometyx.

$8BMarket Cap
10+Pipeline
4Phase 3
2Approved
Next Catalyst
Zanzalintinib Ph3 (2026)
OncologyKidney CancerLiver Cancer
View Company
EXAS Exact Sciences
Diagnostics

Dx - Oncology. Key products: Cologuard, Oncotype DX.

$19.4BMarket Cap
5Pipeline
N/APhase 3
3Approved
Next Catalyst
Cologuard Plus (2026)
DiagnosticsOncologyScreening
View Company
NTRA Natera
Diagnostics

Dx - Oncology, Prenatal. Key products: Signatera, Panorama.

$33BMarket Cap
8Pipeline
N/APhase 3
4Approved
Next Catalyst
Signatera expansion (2026)
DiagnosticsOncologyPrenatal
View Company
TGTX TG Therapeutics
Antibody

I&I (MS). Key product: Briumvi.

$4.5BMarket Cap
3Pipeline
1Phase 3
1Approved
Next Catalyst
Briumvi growth (2026)
I&IMSAutoimmune
View Company
UTHR United Therapeutics
Biologics

Rare - PAH. Key product: Tyvaso DPI.

$14BMarket Cap
8Pipeline
2Phase 3
5Approved
Next Catalyst
Tyvaso DPI expansion (2026)
Rare DiseasePAHPulmonary
View Company
TVTX Travere Therapeutics
Small Molecule

Rare - Nephrology. Key product: Filspari.

$3.0BMarket Cap
3Pipeline
1Phase 3
2Approved
Next Catalyst
Filspari FSGS (2026)
Rare DiseaseNephrologyIgAN
View Company
MDGL Madrigal Pharmaceuticals
Small Molecule

Metabolic - MASH. Key product: Rezdiffra.

$6.8BMarket Cap
1Pipeline
1Phase 3
1Approved
Next Catalyst
Rezdiffra launch (2026)
MetabolicMASHLiver
View Company
NBIX Neurocrine Biosciences
Small Molecule

Neuropsychiatry. Key product: Ingrezza.

$14BMarket Cap
12Pipeline
3Phase 3
2Approved
Next Catalyst
NBI-1065845 MDD (2026)
NeuropsychiatryMovement DisordersPsychiatry
View Company
ACAD Acadia Pharmaceuticals
Small Molecule

Neuropsychiatry. Key products: Nuplazid, Daybue.

$4.5BMarket Cap
4Pipeline
2Phase 3
2Approved
Next Catalyst
Daybue growth (2026)
NeuropsychiatryRett SyndromeParkinson
View Company
ADMA ADMA Biologics
Biologics

I&I (Immunoglobulins). Key product: ASCENIV.

$3.0BMarket Cap
2Pipeline
N/APhase 3
1Approved
Next Catalyst
ASCENIV expansion (2026)
I&IImmunoglobulinsPlasma
View Company
INSM Insmed
Biologics

Rare - Pulmonary. Key products: Arikayce, Brinsupri.

$34.7BMarket Cap
6Pipeline
3Phase 3
2Approved
Next Catalyst
Brensocatib launch (2026)
Rare DiseasePulmonaryAnti-infective
View Company
APLS Apellis Pharmaceuticals
Small Molecule

Ophthalmology. Key product: Syfovre.

$5.0BMarket Cap
4Pipeline
2Phase 3
1Approved
Next Catalyst
Syfovre growth (2026)
OphthalmologyAMDComplement
View Company
RARE Ultragenyx Pharmaceutical
Biologics

Rare Disease. Key products: Crysvita, Evkeeza.

$4.5BMarket Cap
15+Pipeline
3Phase 3
4Approved
Next Catalyst
GTX-102 Angelman (2026)
Rare DiseaseMetabolicGene Therapy
View Company
CPRX Catalyst Pharmaceuticals
Small Molecule

Neuropsychiatry. Key product: Firdapse.

$2.5BMarket Cap
2Pipeline
1Phase 3
1Approved
Next Catalyst
Firdapse SMA (2026)
NeuropsychiatryLEMSRare Disease
View Company
VCYT Veracyte
Diagnostics

Dx - Oncology. Key products: Decipher, Afirma.

$2.0BMarket Cap
4Pipeline
N/APhase 3
3Approved
Next Catalyst
Prosigna expansion (2026)
DiagnosticsOncologyGenomics
View Company
NVAX Novavax
Vaccine

Vaccines. COVID vaccine.

$1.2BMarket Cap
5Pipeline
2Phase 3
1Approved
Next Catalyst
CIC flu combo (2026)
VaccinesCOVIDInfluenza
View Company
ARDX Ardelyx
Small Molecule

Nephrology, GI. Key products: Ibsrela, Xphozah.

$1.5BMarket Cap
3Pipeline
1Phase 3
2Approved
Next Catalyst
Xphozah growth (2026)
NephrologyGIHyperphosphatemia
View Company
AGIO Agios Pharmaceuticals
Small Molecule

Rare - Hematology. Key product: Pyrukynd.

$3.0BMarket Cap
3Pipeline
1Phase 3
1Approved
Next Catalyst
Pyrukynd expansion (2026)
Rare DiseaseHematologyPK Deficiency
View Company
DVAX Dynavax Technologies
Vaccine

Vaccines. Key product: Heplisav-B.

$1.5BMarket Cap
3Pipeline
1Phase 3
1Approved
Next Catalyst
Heplisav-B growth (2026)
VaccinesHepatitis BAdjuvant
View Company
VCEL Vericel
Regenerative

Regenerative. Key products: MACI, Epicel.

$2.5BMarket Cap
3Pipeline
1Phase 3
2Approved
Next Catalyst
NexoBrid launch (2026)
RegenerativeOrthopedicsBurn
View Company
MNKD MannKind
Inhalation

Diabetes, Pulmonary. Key products: Afrezza, Tyvaso DPI.

$1.0BMarket Cap
3Pipeline
1Phase 3
2Approved
Next Catalyst
V-Go growth (2026)
DiabetesPulmonaryInhalation
View Company
BCRX BioCryst Pharmaceuticals
Small Molecule

Rare Disease. Key product: Orladeyo.

$3.5BMarket Cap
4Pipeline
1Phase 3
1Approved
Next Catalyst
Orladeyo HAE (2026)
Rare DiseaseHAEOral
View Company
CDNA CareDx
Diagnostics

Dx - Transplant. Key product: AlloSure.

$0.8BMarket Cap
3Pipeline
N/APhase 3
2Approved
Next Catalyst
AlloSure expansion (2026)
DiagnosticsTransplantRejection
View Company
IOVA Iovance Biotherapeutics
Cell Therapy

Oncology. Key product: Amtagvi.

$4.0BMarket Cap
3Pipeline
2Phase 3
1Approved
Next Catalyst
Amtagvi lung (2026)
OncologyCell TherapyTIL
View Company
SPRY ARS Pharmaceuticals
Small Molecule

Allergy. Key product: Neffy.

$1.5BMarket Cap
2Pipeline
1Phase 3
1Approved
Next Catalyst
Neffy launch (2026)
AllergyAnaphylaxisEpinephrine
View Company
GERN Geron
Small Molecule

Oncology. Key product: Rytelo.

$4.0BMarket Cap
2Pipeline
1Phase 3
1Approved
Next Catalyst
Rytelo launch (2026)
OncologyMDSTelomerase
View Company
EBS Emergent BioSolutions
Biologics

Vaccines/Biodefense. Biodefense products.

$0.5BMarket Cap
5Pipeline
1Phase 3
3Approved
Next Catalyst
ACAM2000 (2026)
VaccinesBiodefenseAnthrax
View Company
RIGL Rigel Pharmaceuticals
Small Molecule

I&I. Key product: Rezlidhia.

$0.3BMarket Cap
3Pipeline
1Phase 3
1Approved
Next Catalyst
Rezlidhia growth (2026)
I&IHematologyKinase
View Company
MYGN Myriad Genetics
Diagnostics

Dx - Oncology. Key product: BRACAnalysis.

$1.5BMarket Cap
5Pipeline
N/APhase 3
4Approved
Next Catalyst
Precise expansion (2026)
DiagnosticsOncologyHereditary Cancer
View Company
SRPT Sarepta Therapeutics
Gene Therapy

Rare - DMD. Key product: Elevidys.

$9.5BMarket Cap
15+Pipeline
3Phase 3
5Approved
Next Catalyst
Elevidys confirmatory (2026)
Rare DiseaseDMDGene Therapy
View Company
MDXG MiMedx Group
Regenerative

Regenerative. Key products: AmnioFix, EpiFix.

$1.0BMarket Cap
2Pipeline
N/APhase 3
2Approved
Next Catalyst
Wound care growth (2026)
RegenerativeWound CareAmniotic
View Company
IRWD Ironwood Pharmaceuticals
Small Molecule

GI. Linzess royalties.

$1.2BMarket Cap
2Pipeline
1Phase 3
1Approved
Next Catalyst
Linzess royalties (2026)
GIIBSRoyalties
View Company

Clinical - Oncology

33
RVMD Revolution Medicines
Small Molecule

Oncology (RAS). Lead: Daraxonrasib (Ph3).

$8.5BMarket Cap
4Pipeline
2Phase 3
Next Catalyst
RMC-6236 PDAC Ph3 (2026)
OncologyKRASPancreatic
View Company
CELC Celcuity
Small Molecule

Oncology (HER2). Lead: Gedatolisib (Ph3).

$0.8BMarket Cap
2Pipeline
1Phase 3
Next Catalyst
Gedatolisib breast (2026)
OncologyHER2Breast Cancer
View Company
CGON CG Oncology
Oncolytic

Oncology (Oncolytic). Lead: CG0070 (Ph3).

$1.0BMarket Cap
2Pipeline
1Phase 3
Next Catalyst
CG0070 bladder Ph3 (2026)
OncologyOncolytic VirusBladder Cancer
View Company
ACLX Arcellx
Cell Therapy

Oncology (CAR-T). Lead: Anitocabtagene (Ph2).

$3.0BMarket Cap
3Pipeline
1Phase 3
Next Catalyst
Anito myeloma (2026)
OncologyCAR-TMultiple Myeloma
View Company
NUVL Nuvalent
Small Molecule

Oncology (TKI). Lead: NVL-520 (Ph2).

$5.0BMarket Cap
3Pipeline
1Phase 3
Next Catalyst
NVL-520 ROS1 (2026)
OncologyTKILung Cancer
View Company
SMMT Summit Therapeutics
Antibody

Oncology (PD-1). Lead: Ivonescimab (Ph3).

$8.0BMarket Cap
2Pipeline
2Phase 3
Next Catalyst
Ivonescimab NSCLC (2026)
OncologyPD-1Lung Cancer
View Company
IDYA Ideaya Biosciences
Small Molecule

Oncology (Synth Lethality). Lead: Darovasertib (Ph3).

$2.8BMarket Cap
6Pipeline
2Phase 3
Next Catalyst
Darovasertib melanoma (2026)
OncologyMelanomaSynthetic Lethality
View Company
SNDX Syndax Pharmaceuticals
Small Molecule

Oncology (Menin). Lead: Revumenib (BLA).

$2.5BMarket Cap
4Pipeline
1Phase 3
Next Catalyst
Revumenib AML (2026)
OncologyMeninAML
View Company
IBRX ImmunityBio
Biologics

Oncology (IL-15). Key product: Anktiva.

$1.0BMarket Cap
5Pipeline
2Phase 3
1Approved
Next Catalyst
Anktiva bladder (2026)
OncologyIL-15Bladder Cancer
View Company
IMNM Immunome
Antibody

Oncology (Antibodies). Lead: IMM-1-104 (Ph1).

$0.3BMarket Cap
2Pipeline
0Phase 3
Next Catalyst
IMM-1-104 solid (2026)
OncologyAntibodySolid Tumors
View Company
TNGX Tango Therapeutics
Small Molecule

Oncology (Synth Lethality). Lead: TNG908 (Ph2).

$1.0BMarket Cap
3Pipeline
1Phase 3
Next Catalyst
TNG908 MTAP (2026)
OncologySynthetic LethalityMTAP
View Company
JANX Janux Therapeutics
Bispecific

Oncology (T-cell Engager). Lead: JANX007 (Ph1).

$2.0BMarket Cap
3Pipeline
0Phase 3
Next Catalyst
JANX007 prostate (2026)
OncologyBispecificProstate Cancer
View Company
CRVS Corvus Pharmaceuticals
Antibody

Oncology (IO). Lead: Mupadolimab (Ph2).

$0.2BMarket Cap
2Pipeline
1Phase 3
Next Catalyst
Mupadolimab solid (2026)
OncologyIOSolid Tumors
View Company
RCUS Arcus Biosciences
Antibody

Oncology (IO). Lead: Domvanalimab (Ph3).

$2.7BMarket Cap
6Pipeline
3Phase 3
Next Catalyst
Domvanalimab NSCLC (2026)
OncologyTIGITLung Cancer
View Company
ORIC Oric Pharmaceuticals
Small Molecule

Oncology. Lead: ORIC-114 (Ph2).

$0.5BMarket Cap
3Pipeline
1Phase 3
Next Catalyst
ORIC-114 EGFR (2026)
OncologyEGFRLung Cancer
View Company
DAWN Day One Biopharmaceuticals
Small Molecule

Oncology (Pediatric). Key product: Tovorafenib.

$2.5BMarket Cap
2Pipeline
1Phase 3
1Approved
Next Catalyst
Tovorafenib expansion (2026)
OncologyPediatricRAF
View Company
PGEN Precigen
Gene Therapy

Oncology (Gene Therapy). Lead: PRGN-3005 (Ph1).

$0.2BMarket Cap
4Pipeline
1Phase 3
Next Catalyst
PRGN-3005 ovarian (2026)
OncologyGene TherapyOvarian Cancer
View Company
NRIX Nurix Therapeutics
Degrader

Oncology (Degrader). Lead: NX-2127 (Ph1).

$1.0BMarket Cap
4Pipeline
0Phase 3
Next Catalyst
NX-2127 BTK (2026)
OncologyDegraderB-cell
View Company
CTMX CytomX Therapeutics
Probody

Oncology (Probody). Lead: CX-904 (Ph1).

$0.3BMarket Cap
3Pipeline
0Phase 3
Next Catalyst
CX-904 solid (2026)
OncologyProbodySolid Tumors
View Company
KURA Kura Oncology
Small Molecule

Oncology (Menin). Lead: Ziftomenib (Ph3).

$2.0BMarket Cap
3Pipeline
1Phase 3
Next Catalyst
Ziftomenib NPM1 (2026)
OncologyMeninAML
View Company
RLAY Relay Therapeutics
Small Molecule

Oncology (PI3Ka). Lead: Zovegalisib (Ph3).

$1.8BMarket Cap
4Pipeline
1Phase 3
Next Catalyst
RLY-2608 breast (2026)
OncologyPI3KBreast Cancer
View Company
GLUE Monte Rosa Therapeutics
Degrader

Oncology (Degrader). Lead: MRT-2359 (Ph1).

$0.4BMarket Cap
3Pipeline
0Phase 3
Next Catalyst
MRT-2359 GSPT1 (2026)
OncologyDegraderSolid Tumors
View Company
ERAS Erasca
Small Molecule

Oncology (RAS). Lead: Naporafenib (Ph2).

$0.3BMarket Cap
3Pipeline
1Phase 3
Next Catalyst
Naporafenib combo (2026)
OncologyRASSolid Tumors
View Company
XNCR Xencor
Bispecific

Oncology (Bispecific). Lead: Vudalimab (Ph2).

$1.5BMarket Cap
8Pipeline
2Phase 3
Next Catalyst
Vudalimab NSCLC (2026)
OncologyBispecificLung Cancer
View Company
OLMA Olema Pharmaceuticals
Small Molecule

Oncology (ER). Lead: Palazestrant (Ph3).

$1.0BMarket Cap
2Pipeline
1Phase 3
Next Catalyst
Palazestrant breast (2026)
OncologyER DegraderBreast Cancer
View Company
REPL Replimune Group
Oncolytic

Oncology (Oncolytic). Lead: RP1 (Ph2).

$0.5BMarket Cap
3Pipeline
1Phase 3
Next Catalyst
RP1 melanoma (2026)
OncologyOncolytic VirusMelanoma
View Company
BCAX Bicara Therapeutics
Bispecific

Oncology (Bispecific). Lead: BCA101 (Ph2).

$0.4BMarket Cap
2Pipeline
1Phase 3
Next Catalyst
BCA101 HNSCC (2026)
OncologyBispecificHead & Neck
View Company
CMPX Compass Therapeutics
Antibody

Oncology (IO). Lead: CTX-009 (Ph2).

$0.2BMarket Cap
3Pipeline
1Phase 3
Next Catalyst
CTX-009 biliary (2026)
OncologyIOBiliary Cancer
View Company
VSTM Verastem
Small Molecule

Oncology (RAF/MEK). Lead: Avutometinib (Ph3).

$0.8BMarket Cap
2Pipeline
2Phase 3
Next Catalyst
Avutometinib ovarian (2026)
OncologyRAF/MEKOvarian Cancer
View Company
CGEM Cullinan Therapeutics
Antibody

Oncology. Lead: CLN-978 (Ph1).

$0.5BMarket Cap
4Pipeline
0Phase 3
Next Catalyst
CLN-978 B-cell (2026)
OncologyT-cell EngagerB-cell
View Company
AVBP Arrivent Biopharma
Small Molecule

Oncology. Lead: ARRY-440 (Ph2).

$0.3BMarket Cap
2Pipeline
1Phase 3
Next Catalyst
Furmonertinib NSCLC (2026)
OncologyEGFRLung Cancer
View Company
IMRX Immuneering
Small Molecule

Oncology. Lead: IMM-1-104 (Ph1).

$0.1BMarket Cap
2Pipeline
0Phase 3
Next Catalyst
IMM-6-415 RAS (2026)
OncologyRASSolid Tumors
View Company
TYRA Tyra Biosciences
Small Molecule

Oncology (TKI). Lead: TYRA-300 (Ph2).

$0.8BMarket Cap
3Pipeline
1Phase 3
Next Catalyst
TYRA-300 bladder (2026)
OncologyFGFRBladder Cancer
View Company

Clinical - I&I

17
PTGX Protagonist Therapeutics
Peptide

I&I, Hematology. Lead: Rusfertide (Ph3).

$5.3BMarket Cap
4Pipeline
2Phase 3
Next Catalyst
Rusfertide PV (2026)
I&IHematologyPV
View Company
ARQT Arcutis Biotherapeutics
Small Molecule

I&I (Dermatology). Lead: Roflumilast (Ph3).

$0.8BMarket Cap
3Pipeline
2Phase 3
2Approved
Next Catalyst
Roflumilast scalp (2026)
I&IDermatologyPsoriasis
View Company
KYMR Kymera Therapeutics
Degrader

I&I (Degrader). Lead: KT-474 (Ph2).

$2.0BMarket Cap
4Pipeline
1Phase 3
Next Catalyst
KT-474 atopic derm (2026)
I&IDegraderIRAK4
View Company
IMVT Immunovant
Antibody

I&I (FcRn). Lead: IMVT-1402 (Ph3).

$5.0BMarket Cap
3Pipeline
2Phase 3
Next Catalyst
IMVT-1402 MG (2026)
I&IFcRnAutoimmune
View Company
APGE Apogee Therapeutics
Antibody

I&I (Dermatology). Lead: APG777 (Ph2).

$3.0BMarket Cap
2Pipeline
1Phase 3
Next Catalyst
APG777 atopic derm (2026)
I&IDermatologyAtopic Derm
View Company
VRDN Viridian Therapeutics
Antibody

I&I (Thyroid Eye). Lead: VRDN-003 (Ph3).

$2.5BMarket Cap
3Pipeline
2Phase 3
Next Catalyst
VRDN-003 TED (2026)
I&IThyroid EyeIGF-1R
View Company
DNTH Dianthus Therapeutics
Antibody

I&I (Complement). Lead: DNTH103 (Ph2).

$1.0BMarket Cap
2Pipeline
1Phase 3
Next Catalyst
DNTH103 gMG (2026)
I&IComplementMyasthenia Gravis
View Company
IRON Disc Medicine
Antibody

Hematology. Lead: Bitopertin (Ph3).

$3.0BMarket Cap
4Pipeline
2Phase 3
Next Catalyst
Bitopertin EPP (2026)
HematologyIron DisordersPorphyria
View Company
CLDX Celldex Therapeutics
Antibody

I&I (KIT). Lead: Barzolvolimab (Ph3).

$3.5BMarket Cap
3Pipeline
2Phase 3
Next Catalyst
Barzolvolimab CSU (2026)
I&IKITUrticaria
View Company
RAPT RAPT Therapeutics
Small Molecule

I&I. Lead: Zelnecirnon (Ph2).

$0.3BMarket Cap
2Pipeline
1Phase 3
Next Catalyst
Zelnecirnon atopic (2026)
I&ICCR4Atopic Derm
View Company
SYRE Spyre Therapeutics
Antibody

I&I (IBD). Lead: SPY001 (Ph2).

$2.0BMarket Cap
2Pipeline
1Phase 3
Next Catalyst
SPY001 UC (2026)
I&IIBDIL-18
View Company
ANAB Anaptysbio
Antibody

I&I (PD-1 Agonist). Lead: Rosnilimab (Ph3).

$1.5BMarket Cap
3Pipeline
2Phase 3
Next Catalyst
Rosnilimab alopecia (2026)
I&IPD-1 AgonistAlopecia
View Company
ORKA Oruka Therapeutics
Antibody

I&I (Dermatology). Lead: ORKA-001 (Ph2).

$0.8BMarket Cap
2Pipeline
1Phase 3
Next Catalyst
ORKA-001 psoriasis (2026)
I&IDermatologyIL-13
View Company
UPB Upstream Bio
Antibody

I&I (Pulmonary). Lead: UPB-101 (Ph2).

$0.5BMarket Cap
2Pipeline
1Phase 3
Next Catalyst
UPB-101 asthma (2026)
I&IPulmonaryTSLP
View Company
ANNX Annexon Biosciences
Antibody

I&I (Complement). Lead: ANX005 (Ph3).

$0.8BMarket Cap
3Pipeline
2Phase 3
Next Catalyst
ANX005 HD (2026)
I&IComplementHuntington
View Company
INBX Inhibrx Biosciences
Antibody

I&I. Lead: INBRX-101 (Ph2).

$0.6BMarket Cap
3Pipeline
1Phase 3
Next Catalyst
INBRX-101 AATD (2026)
I&IAATDRare Disease
View Company
KROS Keros Therapeutics
Antibody

I&I (Hematology). Lead: KER-050 (Ph2).

$1.0BMarket Cap
3Pipeline
1Phase 3
Next Catalyst
KER-050 MDS (2026)
I&IHematologyMDS
View Company

Clinical - Rare Disease

14
BBIO BridgeBio Pharma
Small Molecule

Rare Disease, Cardio. Key product: Acoramidis (Approved).

$8.0BMarket Cap
8Pipeline
3Phase 3
1Approved
Next Catalyst
Acoramidis ATTR-CM (2026)
Rare DiseaseCardioATTR
View Company
ROIV Roivant Sciences
Holding

Multiple (Holding Co). Multiple Vants.

$10.0BMarket Cap
15+Pipeline
5Phase 3
3Approved
Next Catalyst
IMVT-1402 Ph3 (2026)
PlatformMultipleHolding Co
View Company
SRRK Scholar Rock Holding
Antibody

Rare - Neuromuscular. Lead: Apitegromab (Ph3).

$2.0BMarket Cap
3Pipeline
2Phase 3
Next Catalyst
Apitegromab SMA (2026)
Rare DiseaseNeuromuscularSMA
View Company
RYTM Rhythm Pharmaceuticals
Small Molecule

Rare - Metabolic (Obesity). Key product: Setmelanotide.

$2.5BMarket Cap
3Pipeline
1Phase 3
1Approved
Next Catalyst
Setmelanotide expansion (2026)
Rare DiseaseObesityMC4R
View Company
COGT Cogent Biosciences
Small Molecule

Rare - Mast Cell. Lead: Bezuclastinib (Ph3).

$2.0BMarket Cap
2Pipeline
2Phase 3
Next Catalyst
Bezuclastinib GIST (2026)
Rare DiseaseMast CellKIT
View Company
DYN Dyne Therapeutics
AOC

Rare - Neuromuscular. Lead: DYNE-101 (Ph2).

$2.0BMarket Cap
3Pipeline
1Phase 3
Next Catalyst
DYNE-101 DM1 (2026)
Rare DiseaseNeuromuscularAOC
View Company
QURE uniQure
Gene Therapy

Rare - Gene Therapy. Lead: AMT-130 (Ph1/2).

$1.0BMarket Cap
4Pipeline
1Phase 3
1Approved
Next Catalyst
AMT-130 HD (2026)
Rare DiseaseGene TherapyHuntington
View Company
SLNO Soleno Therapeutics
Small Molecule

Rare - PWS. Lead: DCCR (Ph3).

$1.5BMarket Cap
2Pipeline
1Phase 3
Next Catalyst
DCCR Prader-Willi (2026)
Rare DiseasePWSMetabolic
View Company
TSHA Taysha Gene Therapies
Gene Therapy

Rare - Gene Therapy. Lead: TSHA-120 (Ph1/2).

$0.3BMarket Cap
4Pipeline
1Phase 3
Next Catalyst
TSHA-120 GAN (2026)
Rare DiseaseGene TherapyGAN
View Company
KALV KalVista Pharmaceuticals
Small Molecule

Rare - HAE. Key product: Sebetralstat (Approved).

$2.0BMarket Cap
3Pipeline
1Phase 3
1Approved
Next Catalyst
Sebetralstat launch (2026)
Rare DiseaseHAEOral
View Company
PVLA Palvella Therapeutics
Small Molecule

Rare - Dermatology. Lead: PV-10 (Ph3).

$0.2BMarket Cap
2Pipeline
1Phase 3
Next Catalyst
QTORIN EB (2026)
Rare DiseaseDermatologyEB
View Company
FDMT 4D Molecular Therapeutics
Gene Therapy

Rare - Ophthalmology (Gene Therapy). Lead: 4D-150 (Ph2).

$0.5BMarket Cap
4Pipeline
1Phase 3
Next Catalyst
4D-150 wet AMD (2026)
Rare DiseaseGene TherapyOphthalmology
View Company
LXEO Lexeo Therapeutics
Gene Therapy

Rare - Gene Therapy. Lead: LX1001 (Ph1/2).

$0.3BMarket Cap
3Pipeline
0Phase 3
Next Catalyst
LX1001 cardiac (2026)
Rare DiseaseGene TherapyCardiac
View Company
SVRA Savara
Biologics

Rare - Pulmonary. Lead: Molgramostim (Ph3).

$0.8BMarket Cap
2Pipeline
1Phase 3
Next Catalyst
Molgramostim aPAP (2026)
Rare DiseasePulmonaryaPAP
View Company

Clinical - Neuropsychiatry

6

Clinical - Metabolic/CV

7

Clinical - Nephrology

2

Clinical - Vaccines

4

Tools & Bioprocessing

3