See the biotech and pharma companies that are growing the fastest and pay workers the most

• Insider compiled data on the fastest-growing biotech and pharma companies.
• We examined how much they're paying employees and executives.
• One company paid its median employee $701,000, while dozens of CEOs earned more than $18 million.

As the drug industry has grown, companies are competing to hire and retain the best people. That's true for every position from CEO all the way down to entry-level technicians.

To understand this battle for talent, Insider analyzed reports from more than 150 publicly traded pharma and biotech companies. We included companies with a market value of at least $1 billion. Our list includes companies that trade on two leading biotech indices - the XBI and the IBB - as well as a handful of multinational pharmaceutical companies.

We found dozens of companies that grew their workforce while other industries were conducting layoffs. Insider's reports showed that $4. That company's CEO made $4.

Read more: $4

Here's what you should know about which companies are growing the fastest, and what they're paying.

Dozens of drug companies boosted their workforces by at least 50%

It's little surprise that biotechs developing COVID-19 vaccines and treatments, like IGM Biosciences, Moderna and Novavax, went on a $4 last year.

But growth wasn't limited to companies responding to the pandemic. Insider found $4 in 2020. Several of these companies said they plan to continue hiring in 2021.

Even startups are getting bigger. A series of new drug companies has emerged in the past two years that $4 to either create a single new venture or a holding company with many subsidiaries. These startups are drawing large financing rounds and high valuations, creating companies that are larger in scale than a standard drug startup.

Read more:

$4

$4

To attract the best talent, drug companies are boosting salaries and throwing in equity

Experts $4 that the growth of drug companies is outpacing the number of $4. Companies have to be competitive to grab the top talent.

Insider found the $4, which all paid over $300,000 to their typical worker in 2020.

We also analyzed mandatory disclosure documents to $4. The analysis includes roles at companies like Eli Lilly, Johnson & Johnson, Merck, Moderna, Novartis, and Pfizer.

Read more: $4

Close to 30 drug company CEOs earned more than $18 million last year

High levels of compensation went all the way to the top of the biotech and pharma food chain. Insider found the highest paid chief executives in the drug industry, including $4.

Most executives make the majority of their money from stock awards and bonuses. In 2020, that served them well. Novavax CEO Stanley Erck, for example, saw his pay package jump from $2.4 million in 2019 to $48 million last year, fueled by the company's COVID-19 vaccine efforts and resulting stock price jump.

Read more: $4

If you've read our articles on pay across the biotech and pharma industries, it's time to put your knowledge to the test. $4