| __timestamp | Bristol-Myers Squibb Company | Insmed Incorporated |
|---|---|---|
| Wednesday, January 1, 2014 | 4534000000 | 56292000 |
| Thursday, January 1, 2015 | 5920000000 | 74277000 |
| Friday, January 1, 2016 | 4940000000 | 122721000 |
| Sunday, January 1, 2017 | 6411000000 | 109749000 |
| Monday, January 1, 2018 | 6345000000 | 145283000 |
| Tuesday, January 1, 2019 | 6148000000 | 131711000 |
| Wednesday, January 1, 2020 | 11143000000 | 181157000 |
| Friday, January 1, 2021 | 10195000000 | 272744000 |
| Saturday, January 1, 2022 | 9509000000 | 397518000 |
| Sunday, January 1, 2023 | 9299000000 | 571011000 |
| Monday, January 1, 2024 | 11159000000 |
Unveiling the hidden dimensions of data
In the competitive world of pharmaceuticals, innovation is key. Bristol-Myers Squibb Company and Insmed Incorporated are two players with distinct strategies. Over the past decade, Bristol-Myers Squibb has consistently outpaced Insmed in research and development (R&D) spending. In 2023, Bristol-Myers Squibb invested approximately 16 times more in R&D than Insmed, highlighting their commitment to innovation.
From 2014 to 2023, Bristol-Myers Squibb's R&D expenses grew by over 100%, peaking in 2020 with a 150% increase from 2014. Meanwhile, Insmed's R&D spending, though smaller, showed a steady upward trend, increasing by nearly 900% over the same period. This growth reflects Insmed's strategic focus on niche markets and specialized treatments.
As the pharmaceutical landscape evolves, these investment patterns reveal the companies' differing approaches to innovation and market leadership.
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