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Rank 2012 Company Country Market Cap in 2012 (USD millions) Market Cap in 2011 (USD billions) % Change over year (Q2-Q2) Website
1 Novo Nordisk Denmark 76.92 60.09 28.0% novonordisk.com
2 Amgen USA 60.09 49.72 20.9% amgen.com
3 Gilead Sciences USA 40.16 32.68 28.5% gilead.com
4 Biogen Idec USA 34.26 25.6 28.5% biogenidec.com
5 Teva Pharmaceutical Industries Israel 34.23 42.96 -20.3% tevapharm.com
6 Baxter International USA 32.27 33.36 -3.3% baxter.com
7 Celgene USA 28.38 27.52 3.1% celgene.com
8 Merck KGaA Germany 21.16 20.14 5.1% merckgroup.com
9 CSL Australia 21.11 18.33 15.2% csl.com.au
10 Alexion Pharmaceuticals USA 18.85 10.48 79.9% alxn.com
11 Vertex Pharmaceuticals USA 10.64 10.79 -1.4% vrtx.com
12 Regeneron USA 11.3 5.09 122.0% regeneron.com
13 Forest Laboratories USA 8.87 9.09 -2.4% frx.com
14 UCB Belgium 8.77 6.84 28.2% ucb.com
15 Élan Ireland 8.63 6.67 29.4% elan.com
16 BioMarin Pharmaceutical USA 5.35 3.32 61.1% biomarinpharm.com
17 Dr. Reddy's Laboratories India 5.35 5.03 6.4% drreddys.com
18 Amylin Pharmaceuticals USA 5.06 1.74 190.8% § amylin.com
19 Onyx Pharmaceuticals USA 5.06 2.1 141.0% onyx.com
20 Actelion Switzerland 4.65 5.02 -7.4% actelion.com
21 Warner Chilcott Ireland 4.49 5.69 -21.1% wcrx.com
22 Ranbaxy Laboratories India 3.71 4.08 -9.1% ranbaxy.com
23 Medivation USA 3.65 0.683 433.4% medivation.com
24 ARIAD Pharmaceuticals USA 3.18 1.58 101.3% ariad.com
25 Seattle Genetics USA 2.92 1.89 54.5% seagen.com

§ - Acquired by Bristol-Myers Squibb in a $7 billion deal completed Aug 8 2012.

NOTE: Market Cap is an indication of the perceived value of the company (&/or its technology) and not necessarily a measure of its size, sales or number of employees; it is indicative of both current and future scale and profitability of the company. The year-on-year change in its value is indicative of the (real or perceived) performance or progress of that company over that year.