Comparing Innovation Spending: BioMarin Pharmaceutical Inc. and Soleno Therapeutics, Inc.

BioMarin vs. Soleno: A Decade of R&D Investment

__timestampBioMarin Pharmaceutical Inc.Soleno Therapeutics, Inc.
Wednesday, January 1, 20144615430002242216
Thursday, January 1, 20156348060004536244
Friday, January 1, 20166619050005184803
Sunday, January 1, 20176107530003068742
Monday, January 1, 20186963280007178000
Tuesday, January 1, 201971500700016267000
Wednesday, January 1, 202062811600023191000
Friday, January 1, 202162879300021453000
Saturday, January 1, 202264960600015265000
Sunday, January 1, 202374677300025189000
Monday, January 1, 2024747184000
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Unveiling the hidden dimensions of data

A Decade of Innovation: BioMarin vs. Soleno

In the competitive landscape of pharmaceutical innovation, BioMarin Pharmaceutical Inc. and Soleno Therapeutics, Inc. have charted distinct paths over the past decade. BioMarin, a leader in biotechnology, has consistently invested heavily in research and development (R&D), with expenditures peaking at approximately $747 million in 2023. This represents a remarkable 62% increase from 2014, underscoring their commitment to pioneering treatments.

Conversely, Soleno Therapeutics, a smaller player, has shown a more modest yet significant growth in R&D spending. From a humble $2.2 million in 2014, their investment surged over tenfold to nearly $25 million by 2023. This growth trajectory highlights Soleno's strategic focus on innovation despite its limited resources.

The data reveals a compelling narrative of how two companies, differing in scale, prioritize innovation to drive their missions forward.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025