Revenue of top mid-cap Biotechs increased to $26.5 billion in 2014
The combined total revenues for the peer group of 35 mid-cap biotech companies increased from $24.8 billion in 2013 to $26.5 billion in 2014, representing a compound annual growth rate (CAGR) of 21.9%, a new analysis finds.
According to research and consulting firm GlobalData’s latest report, this growth was marginally slower than during the previous five years, as total revenues for this peer group expanded at a compound annual growth rate (CAGR) of 25.2% between 2009 and 2013.
Adam Dion, GlobalData’s health care industry analyst, says the rise in biotech peer group total revenue over the past year was driven by the USA’s Regeneron (Nasdaq: REGN) and Alexion (Nasdaq: ALXN), both of which posted sales of more than $2 billion in 2014.
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