Comparing Innovation Spending: AstraZeneca PLC and Amicus Therapeutics, Inc.

AstraZeneca vs. Amicus: R&D Spending Showdown

__timestampAmicus Therapeutics, Inc.AstraZeneca PLC
Wednesday, January 1, 2014476240005579000000
Thursday, January 1, 2015769430005997000000
Friday, January 1, 20161047930005890000000
Sunday, January 1, 20171493100005757000000
Monday, January 1, 20182709020005932000000
Tuesday, January 1, 20192863780005958000000
Wednesday, January 1, 20203084430005991000000
Friday, January 1, 20212720490009736000000
Saturday, January 1, 20222766770009762000000
Sunday, January 1, 202315238100010935000000
Monday, January 1, 202413583000000
Loading chart...

Data in motion

Innovation in Pharmaceuticals: A Tale of Two Companies

In the ever-evolving world of pharmaceuticals, research and development (R&D) spending is a key indicator of a company's commitment to innovation. Over the past decade, AstraZeneca PLC and Amicus Therapeutics, Inc. have demonstrated contrasting approaches to R&D investment. From 2014 to 2023, AstraZeneca's R&D expenses surged by approximately 96%, peaking at $10.9 billion in 2023. This reflects their aggressive strategy to maintain a competitive edge in the global market. In contrast, Amicus Therapeutics, a smaller player, increased its R&D spending by over 220% during the same period, reaching $308 million in 2020. Despite the disparity in absolute figures, Amicus's growth rate underscores its dedication to innovation, particularly in niche therapeutic areas. This comparison highlights the diverse strategies within the pharmaceutical industry, where both giants and emerging companies strive to lead in medical advancements.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025