| __timestamp | BioMarin Pharmaceutical Inc. | Perrigo Company plc |
|---|---|---|
| Wednesday, January 1, 2014 | 461543000 | 152500000 |
| Thursday, January 1, 2015 | 634806000 | 187800000 |
| Friday, January 1, 2016 | 661905000 | 184000000 |
| Sunday, January 1, 2017 | 610753000 | 167700000 |
| Monday, January 1, 2018 | 696328000 | 218600000 |
| Tuesday, January 1, 2019 | 715007000 | 187400000 |
| Wednesday, January 1, 2020 | 628116000 | 177700000 |
| Friday, January 1, 2021 | 628793000 | 122000000 |
| Saturday, January 1, 2022 | 649606000 | 123100000 |
| Sunday, January 1, 2023 | 746773000 | 122500000 |
| Monday, January 1, 2024 | 747184000 |
Unleashing the power of data
In the ever-evolving pharmaceutical landscape, research and development (R&D) are the lifeblood of innovation. Over the past decade, BioMarin Pharmaceutical Inc. and Perrigo Company plc have demonstrated contrasting approaches to R&D investment. BioMarin, renowned for its focus on rare genetic diseases, has consistently increased its R&D budget, peaking at a 62% rise from 2014 to 2023. This commitment underscores BioMarin's dedication to pioneering treatments. In contrast, Perrigo, a leader in over-the-counter health products, has seen a 20% decline in R&D spending over the same period. This shift reflects Perrigo's strategic pivot towards optimizing existing product lines rather than expanding its research frontier. As the pharmaceutical industry faces mounting pressure to innovate, these trends highlight the diverse strategies companies employ to balance growth and sustainability.
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