Private Equity
Andrea Alms Video: Money In Motion 125 - Boston BioTech Week
September 2024 - Private Equity
TRANSCRIPT
Hello, my name is Andrea Alms. I'm a technology investor and financial manager and this is your money in motion. What is it? Week of September 23rd, 2024 is the Boston Biotech Week. It's a series of co-located events designed to connect scientists, technologists, and vendors working across the whole spectrum of the biopharmaceutical development and production. This unique experience, spanning the drug development value chain, giving access to the most innovative scientific minds and business leaders in Boston and around the globe.
One of the events, Bio Processing International, alone, will gather over 3500 global bioprocessing professionals over 300 expert speakers and over 250 exhibitors that service the entire bioprocessing lifecycle. Interesting factoid. Who is the largest biotech employer in the state of Massachusetts? The state's largest employer in the sector are Takeda, at 6288 employees, as reported in 2021. Sanofi at 4300, Pfizer at 2886, Novartis at 2500, and vertex at 2500.
The most valuable company in Boston is Vertex Pharmaceuticals. As of September 2024, Vertex Pharmaceuticals has a market cap of $122.38 billion. This makes Vertex Pharmaceuticals the world's 122nd most valuable company by market cap. Market capitalization, commonly known as market cap, is a total market value of publicly traded companies outstanding shares and is commonly used to measure how much a company is worth.
Biotech, Boston. We hope to see you there. Thank you. This is your money. Your money in motion.