Comparing Innovation Spending: Biogen Inc. and Perrigo Company plc

Biogen vs. Perrigo: A Decade of R&D Spending

__timestampBiogen Inc.Perrigo Company plc
Wednesday, January 1, 20141893422000152500000
Thursday, January 1, 20152012800000187800000
Friday, January 1, 20161973300000184000000
Sunday, January 1, 20172253600000167700000
Monday, January 1, 20182597200000218600000
Tuesday, January 1, 20192280600000187400000
Wednesday, January 1, 20203990900000177700000
Friday, January 1, 20212501200000122000000
Saturday, January 1, 20222231100000123100000
Sunday, January 1, 20232702600000122500000
Monday, January 1, 20242041800000
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Cracking the code

Innovation Spending: A Tale of Two Companies

In the competitive landscape of the pharmaceutical industry, innovation is key. Biogen Inc. and Perrigo Company plc, two giants in the field, have shown contrasting approaches to research and development (R&D) spending over the past decade. From 2014 to 2023, Biogen's R&D expenses have surged by approximately 43%, peaking in 2020 with a remarkable 4 billion dollars. This reflects Biogen's commitment to pioneering new treatments and maintaining its competitive edge. In contrast, Perrigo's R&D spending has remained relatively stable, with a slight decline of around 20% over the same period. This strategic choice may indicate a focus on optimizing existing products rather than venturing into new territories. As the industry evolves, these spending patterns highlight the diverse strategies companies employ to drive growth and innovation.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025