| __timestamp | BioMarin Pharmaceutical Inc. | Verona Pharma plc |
|---|---|---|
| Wednesday, January 1, 2014 | 461543000 | 4101058 |
| Thursday, January 1, 2015 | 634806000 | 10763215 |
| Friday, January 1, 2016 | 661905000 | 5579049 |
| Sunday, January 1, 2017 | 610753000 | 32051299 |
| Monday, January 1, 2018 | 696328000 | 24482286 |
| Tuesday, January 1, 2019 | 715007000 | 43892589 |
| Wednesday, January 1, 2020 | 628116000 | 44505000 |
| Friday, January 1, 2021 | 628793000 | 79406000 |
| Saturday, January 1, 2022 | 649606000 | 49283000 |
| Sunday, January 1, 2023 | 746773000 | 17282730 |
| Monday, January 1, 2024 | 747184000 |
In pursuit of knowledge
In the competitive world of pharmaceuticals, innovation is key. BioMarin Pharmaceutical Inc. and Verona Pharma plc are two companies that have consistently invested in research and development (R&D) to drive innovation. From 2014 to 2023, BioMarin has shown a robust commitment to R&D, with expenses peaking in 2023 at approximately $747 million. This represents a significant increase of around 62% from their 2014 investment. In contrast, Verona Pharma's R&D spending, while growing, remains modest in comparison, with a peak of about $79 million in 2021. This is a substantial increase from their 2014 figure, reflecting a nearly 19-fold rise. The data highlights BioMarin's dominant position in innovation investment, consistently outspending Verona Pharma by a wide margin. As the pharmaceutical landscape evolves, these investments could be pivotal in shaping the future of medical breakthroughs.
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