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Market Capitalization – Big Pharma - Milken Institute

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<strong>Big</strong> <strong>Pharma</strong> vs. <strong>Big</strong> Biotech<br />

<strong>Market</strong> <strong>Capitalization</strong>, US$, Billions<br />

2005 % % 2005<br />

Company 2000 Current Change Change Current 2000 Company<br />

J&J 159.7 204.9 28% 15% 74.3 64.6 Amgen<br />

Pfizer 293.3 197.4 -33% 40% 59.2 42.2 Genentech<br />

GSK 181.0 136.9 -24% 65% 14.8 9.0 Genzyme<br />

Merck 218.9 73.2 -67% 39% 12.3 8.8 Biogen IDEC<br />

AstraZeneca 86.9 67.7 -22% -11% 7.0 7.9 Chiron<br />

BMS 137.0 49.0 -64% -91% 1.5 17.0 Elan<br />

Total <strong>Pharma</strong> 1076.8 728.9 -32% 13% 169.2 149.5 Total Biotech

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