| __timestamp | Incyte Corporation | Rhythm Pharmaceuticals, Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 347523000 | 5280000 |
| Thursday, January 1, 2015 | 479514000 | 7148000 |
| Friday, January 1, 2016 | 581861000 | 19594000 |
| Sunday, January 1, 2017 | 1326361000 | 22894000 |
| Monday, January 1, 2018 | 1197957000 | 50337000 |
| Tuesday, January 1, 2019 | 1154111000 | 109450000 |
| Wednesday, January 1, 2020 | 2215942000 | 90450000 |
| Friday, January 1, 2021 | 1458179000 | 104128000 |
| Saturday, January 1, 2022 | 1585936000 | 108630000 |
| Sunday, January 1, 2023 | 1627594000 | 134951000 |
| Monday, January 1, 2024 | 2606848000 |
In pursuit of knowledge
In the competitive landscape of biotechnology, research and development (R&D) spending is a critical driver of innovation and growth. Over the past decade, Incyte Corporation and Rhythm Pharmaceuticals, Inc. have demonstrated contrasting trajectories in their R&D investments. From 2014 to 2023, Incyte's R&D expenses surged by approximately 368%, peaking in 2020 with a notable 2.2 billion dollars. This reflects Incyte's aggressive pursuit of new therapies and market expansion. In contrast, Rhythm Pharmaceuticals, while smaller in scale, has shown a steady increase in R&D spending, growing by over 2,400% during the same period, reaching its highest in 2023. This growth underscores Rhythm's commitment to advancing its niche therapeutic areas. The data highlights the strategic importance of R&D in the biotech sector, where innovation is paramount to success.
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