Skip to main content

Thank you for visiting You are using a browser version with limited support for CSS. To obtain the best experience, we recommend you use a more up to date browser (or turn off compatibility mode in Internet Explorer). In the meantime, to ensure continued support, we are displaying the site without styles and JavaScript.

Data page

Public biotech in 2022 — the numbers

This is a preview of subscription content, access via your institution

Access options

Rent or buy this article

Prices vary by article type



Prices may be subject to local taxes which are calculated during checkout

Fig. 1: Biotech IPO activity since 2011, showing the amount raised ($ millions) and the number of companies going public.
Fig. 2: NASDAQ biotech index over time.
Fig. 3: Number of biotech companies and employees by market capitalization.
Fig. 4: Public biotech company revenue, R&D spending and net profit or loss by market capitalization.

Author information

Authors and Affiliations


Supplementary information

Supplementary Table

Supplementary Table 1

Rights and permissions

Reprints and Permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

DeFrancesco, L., Lähteenmäki, R. Public biotech in 2022 — the numbers. Nat Biotechnol 41, 1185 (2023).

Download citation

  • Published:

  • Issue Date:

  • DOI:


Quick links

Nature Briefing

Sign up for the Nature Briefing newsletter — what matters in science, free to your inbox daily.

Get the most important science stories of the day, free in your inbox. Sign up for Nature Briefing