Bristol-Myers Squibb Company or Exelixis, Inc.: Who Invests More in Innovation?

Bristol-Myers vs. Exelixis: A Decade of R&D Investment

__timestampBristol-Myers Squibb CompanyExelixis, Inc.
Wednesday, January 1, 20144534000000189101000
Thursday, January 1, 2015592000000096351000
Friday, January 1, 2016494000000095967000
Sunday, January 1, 20176411000000112171000
Monday, January 1, 20186345000000182257000
Tuesday, January 1, 20196148000000336964000
Wednesday, January 1, 202011143000000547851000
Friday, January 1, 202110195000000693716000
Saturday, January 1, 20229509000000891813000
Sunday, January 1, 202392990000001044071000
Monday, January 1, 202411159000000910408000
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Unleashing insights

Innovation Investment: A Tale of Two Companies

In the competitive world of pharmaceuticals, innovation is key to staying ahead. Bristol-Myers Squibb Company and Exelixis, Inc. have been at the forefront of this race, investing heavily in research and development (R&D) over the past decade. From 2014 to 2023, Bristol-Myers Squibb consistently outpaced Exelixis, with R&D expenses peaking in 2020 at over twice their 2014 levels. In contrast, Exelixis showed a steady increase, culminating in a 2023 investment that was more than five times their 2014 expenditure. This trend highlights Bristol-Myers Squibb's aggressive strategy, with R&D spending averaging around 18 times that of Exelixis annually. As the pharmaceutical landscape evolves, these investments underscore the companies' commitment to pioneering new treatments and maintaining their competitive edge.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025