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BB Biotech

BB Biotech AG is a Swiss investment company in the field of biotechnology. The company invests mainly in the United States and Western Europe[7] and is managed by Bellevue Asset Management, a division of Bellevue Group, which is listed on the Swiss Stock Exchange.[8]

It is one of the largest investment companies in the biotech sector.[9][10]

History

BB Biotech was founded as an Aktiengesellschaft on November 9, 1993 in Schaffhausen, Switzerland.[3][11] The company's shares have been traded on the SIX Swiss Exchange since December 27, 1993,[11][12] and since December 10, 1997 on the German Deutsche Börse in Frankfurt.[12][13] BB Biotech was listed on the TecDAX from 2003 to June 2012,[13] and returned to it again between September 2012 and June 2015. The shares were listed on the Italian Nuovo Mercato from October 19, 2000 to September 4, 2023,[14][15] since September 2005 in the Star segment (TechStar).[16]

Investment activities

Investment area

As a closed-end fund, with its principal activity of specialised investments in companies operating in the biotech sector,[7][17] BB Biotech is the oldest established and largest entity of its kind.[8][18] Primary focus lies on small-to-mid-cap biotech companies headquartered in Western Europe[19] and especially the United States market.[20][21]

The biotechnology companies in which BB Biotech invests are active, for example, in the fields of oncology, the development of drugs for the treatment of neurological disorders, metabolic diseases, cardiovascular diseases infectious diseases and autoimmune diseases.[10][17][22] BB Biotech further concentrates on firms developing therapeutic products[7] involving cell, gene and particularly RNA-based technologies.[8]

In contrast to other biotech specialists or hedge funds, Biotech is a long-only investor and does not need to rely on financial instruments to reduce individual stock or market risk.[8] It targets biotechnology firms which either have previously established products in the marketplace[23] or promising drug candidates in advanced development stages.[24]

Companies and core investments

While benchmarked against the Nasdaq Biotech index (in CHF),[25][26] the company uses a bottom-up approach[24] based on the fundamental analysis.[8] Its portfolio comprises around 35 companies.[17]

The portfolio usually includes five to eight core holdings, which account for around 70% of the total value, as well as around two dozen smaller holdings. In addition, up to 10% may be held in non-listed companies (Private equity).[3]

The core investments in the BB Biotech portfolio as of December 31, 2024 included Argenx (13.7%), Ionis Pharmaceuticals (10.0%), Neurocrine Biosciences (9.4%), Intra-Cellular Therapies (7.6%), Revolution Medicines (7.2%), Vertex (7.2%), Alnylam Pharmaceuticals (6.7%) and Incyte (5.6%).

Company structure

The Chairman of the Board of Directors since 2024 is Thomas von Planta; the Vice Chairman is Clive A. Meanwell.[5]

Bellevue Asset Management AG, which belongs to the Swiss Bellevue Group and is based in Zurich,[27] is commissioned with the areas of fundamental analysis, portfolio management, marketing and administration.[28] The investment management team has been headed Christian Koch since 2025.[29]

BB Biotech's equity capital in the individual biotech companies is invested indirectly via the wholly owned subsidiaries Biotech Focus N.V., Biotech Invest N.V., Biotech Target N.V., Biotech Growth N.V., all of which are seated in Curaçao.[3]

Company figures

Company figures are as follows:[30][31]

External links

References

  1. BB Biotech AG Reuters, retrieved 2021-10-20^
  2. BB Biotech AG Equity Börse Frankfurt, retrieved 2021-10-20^
  3. DV Bern AG. BB Biotech AG Official Companies Register of the Canton of Schaffhausen, retrieved 2021-10-20^
  4. BB Biotech AG Zentraler Firmenindex, retrieved 2021-10-20^
  5. Board of Directors BB Biotech, retrieved 2024-07-01^
  6. Annual Report 2025 BB Biotech, 2026, retrieved 2026-03-31^
  7. BB Biotech AG Bloomberg, retrieved 2022-01-08^
  8. BB Biotech AG, A leading biotech investor QuotedData, 2021-02-11, retrieved 2024-07-01^
  9. Themenschwerpunkt: BB Biotech Wirtschaftswoche, retrieved 2024-06-29^
  10. Aktien-Rückblick: BB Biotech Boom, Boom, Biotech Wirtschaftswoche, 2021-02-12^
  11. BB Biotech Aktie Boerse.de, retrieved 2024-06-29^
  12. BB Biotech Börsennews.de, retrieved 2024-06-29^
  13. BB Biotech Aktien Prognose, retrieved 2024-07-01^
  14. Delisting from Borsa Italiana BB Biotech, 2023-08-21, retrieved 2023-08-31^
  15. BB Biotech geht an den Nuovo Mercato. Handelsblatt, 2000-10-11^
  16. BB Biotech AG Investor Verlag, retrieved 2024-06-30^
  17. BB Biotech AG, 0JYO-GB: London Stock Exchange CNBC, retrieved 2022-06-02^
  18. BB Biotech AG – BIOEE Morningstar, retrieved 2022-06-02^
  19. DGAP-News: BB Biotech AG: Disruptive technologies are changing an entire industry. Finanzen.ch, 2022-05-24, retrieved 2022-06-02^
  20. BB Biotech AG, BION:SWX profile Financial Times Markets, retrieved 2024-07-01^
  21. Our investments BB Biotech, retrieved 2024-07-01^
  22. Solides Portfolio, aktionärsfreundliche Politik Wirtschaftswoche, 2022-11-04^
  23. BB Biotech AG Bearer Shares (BBAGF) Nasdaq, Inc., retrieved 2022-06-02^
  24. BB Biotech SW: BION Edison Investment Research Limited, retrieved 2022-06-02^
  25. Kadhim Shubber. US biotech tumbles into bear market Financial Times, 2015-08-24, retrieved 2022-06-02^
  26. Richard Evans. Questor: biotech has been shunned this year despite the vaccines triumph – so buy these trusts The Telegraph, 2021-12-09, retrieved 2022-06-02^
  27. Bellevue Asset Management AG Handelsregister, retrieved 2025-09-02^
  28. Investmentstrategie BB Biotech, retrieved 2022-03-28^
  29. Werner Grundlehner. Bellevue-Chef: «Küsnacht ist schön, aber in der Stadt herrscht eine andere Dynamik» Tippinpoint, 2025-01-24, retrieved 2025-09-02^
  30. BB Biotech Finanzen.net, retrieved 2024-07-01^
  31. BB Biotech – Facts & Figures BB Biotech, 2020-03-11^
  32. Annual Report 2023 BB Biotech, 2025, retrieved 2025-04-01^
  33. Annual Report 2023 BB Biotech, 2024, retrieved 2024-06-29^
  34. Annual Report 2022 BB Biotech, retrieved 2023-08-31^
  35. BB Biotech AG, BION:SWX financials Financial Times Markets, retrieved 2023-08-31^
  36. Annual Report 2017 BB Biotech, 2018-02-16, retrieved 2024-07-01^
  37. Annual Report 2020 BB Biotech, retrieved 2021-10-20^
  38. BB Biotech: Facts & Figures BB Biotech, retrieved 2021-10-20^