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In addition to the Fortune 500 companies above, many other companies in multiple fields are headquartered or have based their US headquarters in Houston. Al's Formal Wear; Allis-Chalmers Energy; Allpoint; American Bureau of Shipping; American National Insurance Company (Galveston) Aon Hewitt; Archimage; Avelo Airlines; Axiom Space; Baker Botts ...
The following table lists the largest biotechnology and pharmaceutical companies ranked by revenue in billion USD. The change column indicates the company's relative position in this list compared to its relative position in the preceding year; i.e., an increase would be moving closer to rank 1 and vice versa.
Tanox was a biopharmaceutical company based in Houston, Texas.The company was founded by two biomedical research scientists, Nancy T. Chang and Tse Wen Chang in March 1986 with $250,000, which was a large part of their family savings at that time.
Abbott Laboratories is an American multinational medical devices and health care company with headquarters in Abbott Park, Illinois, in the United States. The company was founded by Chicago physician Wallace Calvin Abbott in 1888 to formulate known drugs; today, it sells medical devices, diagnostics, branded generic medicines and nutritional products.
On August 5, 2020, the US government agreed to pay more than $1 billion to Johnson & Johnson (medical device company) for the production of 100 million doses of COVID-19 vaccine. As part of the agreed-upon deal, the U.S. can order up to 200 million additional doses of SARS-CoV-2 vaccine.
The company delivers a third of all pharmaceutical products used or consumed in North America and employs over 80,000 employees. [2] [3] With $308.9 billion in 2024 revenue, it is the ninth-largest company by revenue in the United States and the nation's largest health care company. The company is headquartered in Irving, Texas.
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PBMs negotiate price discounts from retail pharmacies, rebates from pharmaceutical manufacturers, and mail-service pharmacies which home-deliver prescriptions without consulting face-to-face with a pharmacist. [15] Pharmacy benefit management companies can make revenue in several ways.