European Growth Leaders 2026

Annual ranking data providerLSEG WorkspaceUsed with permission · acknowledgements

An independent academic observatory making Europe’s listed growth companies visible.

Francesco Castellaneta, Full Professor of Strategy, SKEMA Business School · Scientific Committee Diego Zunino and Jackie Krafft

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Annual rank45

Belgium · Healthcare

Ucb

Focuses on creating solutions intended to improve life for people living with neurological and autoimmune conditions.

+40%revenue growth
FY2022–FY2025
+273%net-income growth
FY2022–FY2025
+236%stock return
FY2022–FY2025
+4%2026 stock return
current context only

Company profile

Medicines, research platforms and supply for severe diseases

UCB is a Belgian biopharmaceutical group focused on severe neurological and immune-mediated diseases. Its portfolio spans epilepsy, rare neurological conditions, myasthenia gravis, inflammatory disease and osteoporosis. Behind those medicines is a research system working across antibodies, peptides, small molecules, drug-device combinations and gene therapy, supported by clinical-study infrastructure and manufacturing sites in Europe, Japan and the United States.

Neurology medicines

Different formats for epilepsy and rare neurological disease

UCB's neurology portfolio includes Briviact for focal seizures and Fintepla for seizures associated with Dravet and Lennox-Gastaut syndromes. Rystiggo and Zilbrysq address defined forms of generalised myasthenia gravis through different active substances; availability and approved uses vary by country.

Immunology and bone health

One portfolio crosses skin, joints, bowel and bone

Bimzelx is listed for conditions including plaque psoriasis, psoriatic arthritis, axial spondyloarthritis and hidradenitis suppurativa. Cimzia is used across several inflammatory conditions, while Evenity sits in osteoporosis. UCB's disease page explains why the immunology business is organised around connected inflammatory pathways rather than a single diagnosis.

Discovery and development

From macrocyclic peptides to drug-device combinations

UCB's discovery toolkit includes small molecules, monoclonal antibodies, AAV vectors and the ExtremeDiversity platform for synthetic macrocyclic peptides. Its pipeline applies those modalities to programmes such as dapirolizumab pegol, bepranemab, glovadalen, galvokimig and STACCATO alprazolam; the clinical-study library shows how programmes are tested and disclosed.

Research, supply and lived experience

A network that connects laboratories, plants and patients

Braine-l'Alleud combines research and manufacturing, Bulle brings biotechnology and chemical production together, and UCB has added a gene-therapy pilot plant in Belgium while planning biologics capacity in Georgia. The Faces of MG project places this infrastructure beside first-person accounts of living with myasthenia gravis.

Current 2026 update

What has changed in 2026?

Clinical-data update on 8 July 2026 · 8 July 2026

Clinical-data update on 8 July 2026latest official update
4company-specific highlights
+4%2026 stock return · context only

Rozanolixizumab cycle data

Pooled data from 129 adults indicated symptom improvements across repeated rozanolixizumab treatment cycles in generalized myasthenia gravis.

Clinical-data update on 8 July 2026

Zilucoplan pen usability

In a mixed study group of patients, caregivers and healthcare professionals, 90 of 100 participants successfully performed a first injection without prior training.

Clinical-data update on 8 July 2026

Zilucoplan long-term data

The reported long-term data showed clinical benefits with zilucoplan sustained through week 120.

Clinical-data update on 8 July 2026

MuSK-Ab+ safety observations

In the 18 MuSK-Ab+ patients with at least one treatment cycle, 14 (77.8%) reported treatment-emergent adverse events; most were mild or moderate.

Clinical-data update on 8 July 2026

Annual record

Ranking history

Future editions add rows; they do not rewrite the 2026 record.

EditionMeasurement periodRankRevenue growthNet-income growthStock return
2026FY2022–FY202545+40%+273%+236%