Fundamental Research Corp.

Fundamental Research Corp. (FRC) is an independent equity research firm based in Vancouver, Canada, that provides institutional-quality analysis on over 550 companies, with a significant focus on the healthcare and biotechnology sectors. Founded in 2003, the firm is known for its detailed valuation reports and Top Picks lists, which offer investors insights into small-cap and micro-cap companies. FRC's healthcare coverage includes a wide range of sub-sectors such as drug development, medical devices, and healthcare services. While the company is not a biotechnology developer itself, it serves as a critical information provider for the life sciences investment community. The firm's research is widely utilized by both institutional and individual investors to evaluate emerging healthcare opportunities.