| __timestamp | Bristol-Myers Squibb Company | Rhythm Pharmaceuticals, Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 4534000000 | 5280000 |
| Thursday, January 1, 2015 | 5920000000 | 7148000 |
| Friday, January 1, 2016 | 4940000000 | 19594000 |
| Sunday, January 1, 2017 | 6411000000 | 22894000 |
| Monday, January 1, 2018 | 6345000000 | 50337000 |
| Tuesday, January 1, 2019 | 6148000000 | 109450000 |
| Wednesday, January 1, 2020 | 11143000000 | 90450000 |
| Friday, January 1, 2021 | 10195000000 | 104128000 |
| Saturday, January 1, 2022 | 9509000000 | 108630000 |
| Sunday, January 1, 2023 | 9299000000 | 134951000 |
| Monday, January 1, 2024 | 11159000000 |
Data in motion
In the ever-evolving world of pharmaceuticals, research and development (R&D) is the lifeblood of innovation. Over the past decade, Bristol-Myers Squibb Company and Rhythm Pharmaceuticals, Inc. have demonstrated contrasting approaches to R&D investment. Bristol-Myers Squibb, a titan in the industry, has consistently allocated substantial resources, with R&D expenses peaking at approximately $11 billion in 2020. This represents a remarkable 145% increase from 2014. In contrast, Rhythm Pharmaceuticals, a smaller player, has shown a steady yet modest growth in R&D spending, culminating in a 25-fold increase from 2014 to 2023. This disparity highlights the diverse strategies within the industry, where established giants and emerging innovators both play crucial roles. As we look to the future, these investments will undoubtedly shape the next wave of medical breakthroughs.
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