| __timestamp | AbbVie Inc. | Vertex Pharmaceuticals Incorporated |
|---|---|---|
| Wednesday, January 1, 2014 | 3297000000 | 855506000 |
| Thursday, January 1, 2015 | 4285000000 | 996170000 |
| Friday, January 1, 2016 | 4366000000 | 1047690000 |
| Sunday, January 1, 2017 | 4982000000 | 1324625000 |
| Monday, January 1, 2018 | 10329000000 | 1416476000 |
| Tuesday, January 1, 2019 | 6407000000 | 1754540000 |
| Wednesday, January 1, 2020 | 6557000000 | 1829537000 |
| Friday, January 1, 2021 | 7084000000 | 3051100000 |
| Saturday, January 1, 2022 | 6510000000 | 2540300000 |
| Sunday, January 1, 2023 | 8453000000 | 3162900000 |
| Monday, January 1, 2024 | 0 | 3630300000 |
Infusing magic into the data realm
In the competitive world of pharmaceuticals, innovation is key to staying ahead. Over the past decade, AbbVie Inc. and Vertex Pharmaceuticals Incorporated have been at the forefront of research and development (R&D) spending. From 2014 to 2023, AbbVie consistently outpaced Vertex in R&D investment, with an average annual expenditure nearly 3.5 times higher. Notably, in 2018, AbbVie's R&D expenses surged to over three times its 2014 levels, highlighting its commitment to innovation. Meanwhile, Vertex showed a steady increase, peaking in 2023 with a 270% rise from 2014. This trend underscores the growing emphasis on R&D in the pharmaceutical industry, as both companies strive to develop groundbreaking treatments. As the landscape evolves, these investments are crucial for maintaining a competitive edge and delivering life-changing therapies.
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