| __timestamp | Biogen Inc. | Perrigo Company plc |
|---|---|---|
| Wednesday, January 1, 2014 | 1893422000 | 152500000 |
| Thursday, January 1, 2015 | 2012800000 | 187800000 |
| Friday, January 1, 2016 | 1973300000 | 184000000 |
| Sunday, January 1, 2017 | 2253600000 | 167700000 |
| Monday, January 1, 2018 | 2597200000 | 218600000 |
| Tuesday, January 1, 2019 | 2280600000 | 187400000 |
| Wednesday, January 1, 2020 | 3990900000 | 177700000 |
| Friday, January 1, 2021 | 2501200000 | 122000000 |
| Saturday, January 1, 2022 | 2231100000 | 123100000 |
| Sunday, January 1, 2023 | 2702600000 | 122500000 |
| Monday, January 1, 2024 | 2041800000 |
In pursuit of knowledge
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.
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