Bio-Techne Corporation or CymaBay Therapeutics, Inc.: Who Invests More in Innovation?

Biotech Giants: Who Leads in R&D Investment?

__timestampBio-Techne CorporationCymaBay Therapeutics, Inc.
Wednesday, January 1, 20143094500015823000
Thursday, January 1, 20154085300017026000
Friday, January 1, 20164518700015941000
Sunday, January 1, 20175351400018938000
Monday, January 1, 20185532900058124000
Tuesday, January 1, 20196241300083837000
Wednesday, January 1, 20206519200035882000
Friday, January 1, 20217060300064542000
Saturday, January 1, 20228714000067995000
Sunday, January 1, 20239249300080118000
Monday, January 1, 202496664000
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Unlocking the unknown

Investing in Innovation: A Tale of Two Biotech Giants

In the ever-evolving world of biotechnology, innovation is the lifeblood that propels companies forward. Bio-Techne Corporation and CymaBay Therapeutics, Inc. are two such entities that have consistently invested in research and development (R&D) to stay ahead. Over the past decade, Bio-Techne has shown a steady increase in R&D spending, with a remarkable 212% growth from 2014 to 2023. In contrast, CymaBay's investment peaked in 2019, with a 430% increase from 2014, before experiencing fluctuations.

Bio-Techne's commitment to innovation is evident, with its R&D expenses reaching their highest in 2023, while CymaBay's data for 2024 remains elusive. This trend underscores the importance of sustained investment in R&D for long-term success in the biotech industry. As these companies continue to innovate, their contributions to healthcare advancements remain invaluable.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025