Biological Products, (No Diagnostic Substances)

97 US-listed companies SEC classification 2836 · all industries

How much this is one bet

37% of the closest matches for a typical Biological Products, (No Diagnostic Substances) company are other Biological Products, (No Diagnostic Substances) companies. That is moderate. The industry moves together to a degree, but individual companies still have plenty of their own story.

How the industry moves

Companies 97
Traded per day $7.5B
Median volatility 73.7%
Median beta vs SPY 1.56
Rate sensitivity -0.16
Volatility sensitivity -0.30

Measured from one year of daily returns. Rate sensitivity is the median correlation between a company's daily return and the daily change in the 10-year Treasury yield: positive means the industry tends to rise on days yields rise. It is a correlation, not a forecast, and a low number over one year is a statement about this year.

On the public record

Shares sold short 1.92B
Median days to cover 9.8
Insider purchases 132
Insider sales 664
Congressional trades 194
Institutions’ reported value $488.22B
Combined revenue as filed $92.19B

The companieslargest 60 by daily turnover

TickerCompanyTraded per dayBetaDays to cover
MRNA Moderna, Inc. $1.9B 2.30 1.0
AMGN Amgen Inc. $1.0B 0.49 5.6
GILD Gilead Sciences, Inc. $874.5M 0.38 4.2
RVMD Revolution Medicines, Inc. $360.6M 1.35 4.7
ARGX argenx SE $266.0M 0.52 3.9
TWST Twist Bioscience Corporation $231.4M 2.99 6.9
BIIB Biogen Inc. $229.6M 0.37 8.7
TECH Bio-Techne Corp $212.1M 0.65 2.5
HALO Halozyme Therapeutics, Inc. $190.7M 0.59 8.7
NBIX Neurocrine Biosciences, Inc. $182.4M 0.68 4.7
RGEN Repligen Corporation $178.8M 1.25 6.7
EXEL Exelixis, Inc. $132.1M 0.64 14.9
IOVA Iovance Biotherapeutics, Inc. $106.4M 1.64 5.3
QGEN Qiagen N.V. $103.4M 0.37 2.2
KRYS Krystal Biotech, Inc. $91.5M 0.74 15.3
BNTX BioNTech SE $83.2M 1.01 1.0
KYMR Kymera Therapeutics, Inc. $81.2M 0.92 16.8
IBRX ImmunityBio, Inc. $80.7M 1.48 14.8
PCVX Vaxcyte, Inc. $77.9M 1.24 15.9
CRSP CRISPR Therapeutics AG $73.9M 1.82 10.7
RXRX Recursion Pharmaceuticals, Inc. $70.5M 2.86 10.6
SRRK Scholar Rock Holding Corporation $65.0M 1.14 15.4
CGON CG Oncology, Inc. $62.2M 1.09 16.1
TARS Tarsus Pharmaceuticals, Inc. $54.8M 0.58 9.8
ADPT Adaptive Biotechnologies Corporation $54.3M 1.56 6.4
RLAY Relay Therapeutics, Inc. $51.7M 1.61 16.7
BEAM Beam Therapeutics Inc. $45.9M 2.14 14.8
NVAX Novavax, Inc. $42.8M 2.11 8.6
IMVT Immunovant, Inc. $41.7M 1.55 14.1
BCRX BioCryst Pharmaceuticals, Inc. $37.9M 0.68 14.4
REPL Replimune Group, Inc. $33.4M 0.82 8.9
DNLI Denali Therapeutics Inc. $33.2M 1.52 17.5
KOD Kodiak Sciences Inc $30.4M 0.66 18.5
ADMA ADMA Biologics Inc $25.5M -0.06 13.9
INBX Inhibrx Biosciences, Inc. $23.8M 2.13 10.4
VCEL Vericel Corporation $23.1M 0.52 9.0
VIR Vir Biotechnology, Inc. $17.5M 1.80 11.1
VOR Vor Biopharma Inc. $17.4M 1.62 10.4
GLUE Monte Rosa Therapeutics, Inc. $17.2M 0.92 16.6
TSHA Taysha Gene Therapies, Inc. $14.9M 1.79 19.4
IMCR Immunocore Holdings plc $14.0M 0.58 20.8
CGEM Cullinan Therapeutics, Inc. $13.1M 1.56 15.5
DNA Ginkgo Bioworks Holdings, Inc. Class A $11.6M 3.35 5.5
PRME Prime Medicine, Inc. $11.2M 2.39 13.1
RGNX REGENXBIO Inc. $11.1M 1.74 4.9
CADL Candel Therapeutics, Inc. $11.1M 2.10 9.2
FDMT 4D Molecular Therapeutics, Inc. $10.7M 1.88 8.2
ALLO Allogene Therapeutics, Inc. $10.4M 1.94 12.2
CABA Cabaletta Bio, Inc. $10.1M 1.73 8.4
SLDB Solid Biosciences Inc. $9.1M 2.07 18.9
MGTX MeiraGTx Holdings plc $8.8M 1.69 4.7
CCCC C4 Therapeutics, Inc. $8.7M 1.71 16.7
SANA Sana Biotechnology, Inc. $8.6M 2.28 16.1
ZURA Zura Bio Limited - Class A Ordinary shares $6.6M 0.57 5.8
AGEN Agenus Inc. $6.1M 1.53 6.1
OCGN Ocugen, Inc. $6.1M 1.75 28.2
EDIT Editas Medicine, Inc. $6.0M 2.31 9.0
KYTX Kyverna Therapeutics, Inc. $5.6M 2.19 12.4
CMPX Compass Therapeutics, Inc. $5.0M 1.60 17.3
TECX Tectonic Therapeutic, Inc. $4.9M 1.07 7.6

What “one bet” means, and how it is measured

For every security this site computes its closest matches across the whole market, by one-year daily-return correlation. Cohesion asks a simple question of that: of the ten closest matches for each company in this industry, what share are also in this industry?

A high number means the classification is doing real work — these companies genuinely move together, and the industry is closer to a single position than to a set of independent ones. Trucking, shipping, homebuilders and airlines sit at the top of that measure, which is what anyone who has held two of them would tell you.

A low number means the opposite: the SEC's code groups them, but the market does not. That is worth knowing before treating an industry label as a diversification plan.

Where these numbers come from

What is deliberately absent

No index, no sector return, no performance figure. Aggregating company returns into an industry return would be republishing the licensed price history in a thin disguise, and it would also be wrong — there is no defensible weighting to choose. The statistics here are all invariant to that problem: a median, a correlation, a count, or a sum of filed figures.

All industries, ranked · each company's own page is under security pages.