5 Most Valuable Australian Companies
In this article, we are going to list the
5 Most Valuable Australian Companies. To read our detailed analysis of the Australian economy, please go to the
Market cap: $86.8 billion
Melbourne-based biotech giant CSL Limited ranks 5th on our list of the 15 most valuable Australian companies. The company develops plasma therapies through its CSL Behring segment and produces influenza vaccines through its CSL Seqirus segment. In February 2021, CSL announced its partnership with AstraZeneca (LON: AZN) to produce 30 million doses of the Oxford University vaccine. CSL has also joined the COVIg-19 Plasma Alliance, which develops anti-coronavirus hyperimmune intravenous immunoglobulin (H-Ig) medicine to treat hospitalized adults at risk of severe complications of COVID-19. Microsoft (NASDAQ: MSFT) provides technical support in the COVIg-19 Plasma Alliance website and Plasma Bot for donor recruitment.
15 Most Valuable Australian Companies
In this article, we will take a look at the
15 Most Valuable Australian Companies. You can skip our detailed analysis of Australia’s economy and go to the
Australia proved to be one of the most resilient economies in the wake of the coronavirus crisis. The Australian Bureau of Statistics (ABS) announced that the Australian economy has increased by 3.1% in the last quarter of 2020, surpassing the forecasted 2.5% rise. As of February 2020, the country only recorded a total of 29,029 coronavirus cases in which more than 26,000 people have recovered. Australia is one of the countries with the lowest community transmission of COVID-19. The Australian economy was able to bounce back at a faster rate thanks to the recovery plan of the government with massive and timely financial assistance.