| __timestamp | Grifols, S.A. | Soleno Therapeutics, Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 180753000 | 2242216 |
| Thursday, January 1, 2015 | 224193000 | 4536244 |
| Friday, January 1, 2016 | 197617000 | 5184803 |
| Sunday, January 1, 2017 | 288320000 | 3068742 |
| Monday, January 1, 2018 | 240661000 | 7178000 |
| Tuesday, January 1, 2019 | 276018000 | 16267000 |
| Wednesday, January 1, 2020 | 294216000 | 23191000 |
| Friday, January 1, 2021 | 354881000 | 21453000 |
| Saturday, January 1, 2022 | 361140000 | 15265000 |
| Sunday, January 1, 2023 | 330551000 | 25189000 |
Unleashing the power of data
In the competitive landscape of biotechnology, research and development (R&D) spending is a critical indicator of innovation and future growth. Over the past decade, Grifols, S.A. and Soleno Therapeutics, Inc. have demonstrated contrasting strategies in their R&D investments. From 2014 to 2023, Grifols, S.A. consistently increased its R&D budget, peaking in 2022 with a 100% increase from its 2014 levels. This robust investment underscores Grifols' commitment to advancing its product pipeline and maintaining its market leadership.
Conversely, Soleno Therapeutics, Inc., while showing a significant increase in R&D spending, particularly between 2019 and 2023, still operates on a much smaller scale. Their R&D expenses in 2023 were approximately 10% of Grifols' budget, highlighting the challenges smaller firms face in competing with industry giants. This disparity in R&D spending reflects broader trends in the biotech sector, where larger companies leverage their financial muscle to drive innovation.
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