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Drug Manufacturers Other

Sorry, I'm not sure about the drug manufacturer with the symbol BIOD because I can't access real-time market data. However, I can provide broad information about drug manufacturers.

Pharmaceutical companies engage in R&D, manufacturing, marketing, and distribution of chemical and biological drugs for humans as well as veterinary use. The sector includes big pharma, biotech, and generic drug makers. Big pharma is focused on R&D and brand-name drugs, biotechs are typically smaller companies focused on creating new compounds and technologies, and generic drug companies make copies of popular medications.

On the other hand, pharmaceutical companies were considered "recession-proof" because even during economic downturns, people still got sick and needed medicines. Two trends have significantly impacted the pharmaceutical industry in recent years: the growth of generic drugs and the emergence of biotech drugs.

In summary, while pharmaceutical companies work to create life-saving drugs, it is a cutthroat business. According to FiercePharma, a business intelligence portal that tracks the pharmaceutical industry, many companies are struggling to grow their top and bottom lines despite plenty of efforts to restore their reputations with billion-dollar settlements and consumer-focused pricing initiatives. Pfizer tops the list, followed by Roche, Novartis, Merck, Johnson & Johnson, and Gilead Sciences, according to rankings that were last update in July 2022. It is advisable to conduct further research and consult with a financial professional before making investment decisions.