15 Most Profitable Biotechnology Companies in the World

3. Vertex Pharmaceuticals 

Profit Margin: 36.68% 

Vertex Pharmaceuticals is one of the top biotechnology companies in the world. One of Vertex’s notable achievements is the development of CFTR modulators to treat cystic fibrosis (CF). The company has discovered and developed the first CFTR modulators, which address the underlying cause of CF. In 2019, Vertex received FDA approval for its triple-combination therapy Trikafta, which is effective for approximately 90% of CF patients. In Q1 2024, their product revenue increased 13% to $2.69 billion compared to Q1 2023.