Comparing Innovation Spending: BioMarin Pharmaceutical Inc. and Exelixis, Inc.

Biotech Giants' R&D Spending: A Decade of Growth

__timestampBioMarin Pharmaceutical Inc.Exelixis, Inc.
Wednesday, January 1, 2014461543000189101000
Thursday, January 1, 201563480600096351000
Friday, January 1, 201666190500095967000
Sunday, January 1, 2017610753000112171000
Monday, January 1, 2018696328000182257000
Tuesday, January 1, 2019715007000336964000
Wednesday, January 1, 2020628116000547851000
Friday, January 1, 2021628793000693716000
Saturday, January 1, 2022649606000891813000
Sunday, January 1, 20237467730001044071000
Monday, January 1, 2024747184000910408000
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Innovation in Biotech: A Decade of R&D Investment

In the competitive world of biotechnology, innovation is the lifeblood of success. Over the past decade, BioMarin Pharmaceutical Inc. and Exelixis, Inc. have demonstrated a steadfast commitment to research and development (R&D), as evidenced by their annual spending trends.

BioMarin has consistently invested in R&D, with expenditures growing by approximately 62% from 2014 to 2023. This commitment underscores their dedication to pioneering treatments for rare genetic diseases. Meanwhile, Exelixis has shown an even more dramatic increase, with R&D spending surging by over 450% during the same period, reflecting their aggressive pursuit of cancer therapies.

By 2023, Exelixis outpaced BioMarin, spending 40% more on R&D. This shift highlights Exelixis's strategic focus on expanding its oncology pipeline. As these companies continue to innovate, their R&D investments will likely shape the future of biotech breakthroughs.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025