| Name | Country | Market Cap (US$) |
|---|
| CombinatoRx, Inc. | United States | 27 |
| Carol Info Services Ltd | India | 27 |
| CytRx Corporation | United States | 26 |
| Ista Pharmaceuticals, Inc. | United States | 26 |
| Alseres Pharmaceuticals Inc. | United States | 26 |
| AGI Therapeutics plc | Republic of Ireland | 26 |
| Cerus Corporation | United States | 26 |
| MediciNova, Inc. | United States | 26 |
| Oxigene, Inc. | United States | 26 |
| ZMAY Holdings Limited | Hong Kong | 26 |
| Eurocine Vaccines AB | Sweden | 26 |
| Center Laboratories Inc | Taiwan | 26 |
| Nang Kuang Pharmaceutical Co Ltd | Taiwan | 26 |
| Sinclair Pharma plc | United Kingdom | 25 |
| Myungmoon pharmaceutical Co.,Ltd. | South Korea | 25 |
| Cell Genesys, Inc. | United States | 25 |
| Samil Pharmaceuticals Co., Ltd. | South Korea | 25 |
| Binex Co., Ltd. | South Korea | 25 |
| Wooridul Life Sciences Ltd | South Korea | 25 |
| SeraCare Life Sciences, Inc. | United States | 25 |
| Reyoung Pharmaceutical Holdings Limited | China | 25 |
| Deep Down Inc | United States | 25 |
| Me Pharm. and Chemical Ind. & Medical Appliances | Jordan | 25 |
| Oculus Innovative Sciences Inc. | United States | 25 |
| Beige Holdings Ltd | South Africa | 25 |
| Achillion Pharmaceuticals, Inc. | United States | 25 |
| AP Pharma, Inc. | United States | 24 |
| Kamada Ltd | Israel | 24 |
| Novadel Pharmaceuticals Inc | United States | 24 |
| Emisphere Technologies, Inc. | United States | 24 |
| Uluru Inc | United States | 24 |
| Bioniche Life Sciences Inc. | Canada | 24 |
| Tianyin Pharmaceutical Co., Inc. | China | 24 |
| KIT digital, Inc | United States | 24 |
| Icagen, Inc. | United States | 24 |
| Hollis-Eden Pharm. | United States | 24 |
| NovaBay Pharmaceuticals, Inc. | United States | 24 |
| Lee's Pharmaceutical Holdings Ltd | Hong Kong | 24 |
| Derma Sciences, Inc. | United States | 24 |
| NeurogesX Inc. | United States | 24 |
| Kilitch Drugs India Ltd | India | 24 |
| InSite Vision Inc. | United States | 24 |
| Medical Nutrition USA Inc | United States | 24 |
| Ocean Bright Co Ltd | Taiwan | 23 |
| Amrutanjan Ltd | India | 23 |
| Dalkhimpharm | Russia | 23 |
| CNS Response Inc | United States | 23 |
| Starpharma Holdings Limited | Australia | 23 |
| Nile Therapeutics, Inc | United States | 23 |
| Beximco Pharmaceuticals Ltd. | Bangladesh | 23 |
| Cosmo Bio Co.,Ltd. | Japan | 23 |
| YM BioSciences Inc. | Canada | 22 |
| Amorfix Life Sciences Ltd | Canada | 22 |
| Piramal Life Sciences Limited | India | 22 |
| Bellus Health Inc | Canada | 22 |
| Alizyme plc | United Kingdom | 22 |
| Avigen, Inc. | United States | 22 |
| BioLineRx Ltd | Israel | 22 |
| DKSH Holdings (M) Berhad | Malaysia | 21 |
| Replek AD | Macedonia | 21 |
| Amarin Corporation plc | United Kingdom | 21 |
| Oscotec Inc | South Korea | 21 |
| PharmswellBio Co., Ltd. | South Korea | 21 |
| Pharmacy Chain 36.6 | Russia | 20 |
| Yakuodo Company Limited | Japan | 20 |
| Genovate Biotechnology Co Ltd | Taiwan | 20 |
| Vanda Pharmaceuticals Inc | United States | 20 |
| Targanta Therapeutics Inc | Canada | 20 |
| Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co. Ltd | China | 20 |
| ConjuChem Biotechnologies Inc. | Canada | 20 |
| Kievmedpreparat | Ukraine | 20 |
| Traphaco JSC | Vietnam | 20 |
| Can-Fite Biopharma Ltd | Israel | 20 |
| Neose Technologies, Inc. | United States | 20 |
| EntreMed, Inc. | United States | 20 |
| Daehwa Pharm Company, Ltd. | South Korea | 19 |
| OctoPlus NV | Netherlands | 19 |
| Societe des Industries Pharmaceutiques de Tunisie | Tunisia | 19 |
| Green Cross Corporation | Japan | 19 |
| Nucryst Pharmaceuticals Corp | United States | 19 |
| Algeta ASA | Norway | 19 |
| Altus Pharmaceuticals Inc. | United States | 19 |
| Sam-A Pharm Company, Ltd. | South Korea | 19 |
| NanoCarrier Co., Ltd. | Japan | 19 |
| Skystar Bio Pharmaceutical Company | China | 19 |
| Haemacure Corporation | Canada | 19 |
| Nitromed Inc | United States | 18 |
| Hayat Pharmaceutical Industries | Jordan | 18 |
| Cuu Long Pharmaceutical JSC | Vietnam | 18 |
| Westaim Corporation | Canada | 18 |
| Shinil Pharmaceutical Co., Ltd. | South Korea | 18 |
| Raptis Group Ltd | Australia | 18 |
| Ziopharm Oncology Inc | United States | 18 |
| SMS Pharmaceuticals Limited | India | 18 |
| NeoPharm Co Ltd | South Korea | 18 |
| Venturepharm Laboratories Ltd | Hong Kong | 18 |
| Kotra Industries Bhd | Malaysia | 17 |
| Biotika a.s. | Slovakia | 17 |
| AutoImmune, Inc. | United States | 17 |
| Y.S.P. Southeast Asia Holding Berhad | Malaysia | 17 |
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