Comparing Innovation Spending: CRISPR Therapeutics AG and Evotec SE

Biotech R&D: CRISPR vs. Evotec's Divergent Paths

__timestampCRISPR Therapeutics AGEvotec SE
Wednesday, January 1, 2014151300012404000
Thursday, January 1, 20151257300018343000
Friday, January 1, 20164223800018108000
Sunday, January 1, 20176980000017614000
Monday, January 1, 201811377300035619000
Tuesday, January 1, 201917936200058432000
Wednesday, January 1, 202026694600063945000
Friday, January 1, 202143863300072200000
Saturday, January 1, 202246164500076642000
Sunday, January 1, 202338733200057519000
Monday, January 1, 2024320653000
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Data in motion

Innovation Spending: A Tale of Two Biotech Giants

In the rapidly evolving biotech sector, research and development (R&D) spending is a key indicator of a company's commitment to innovation. Over the past decade, CRISPR Therapeutics AG and Evotec SE have demonstrated contrasting approaches to R&D investment. From 2014 to 2023, CRISPR Therapeutics AG increased its R&D expenses by an astounding 25,500%, peaking in 2022. This surge underscores their aggressive pursuit of cutting-edge gene-editing technologies. In contrast, Evotec SE's R&D spending grew by a more modest 500% over the same period, reflecting a steady yet cautious approach to innovation. Notably, CRISPR's R&D expenses in 2023 were nearly 7 times higher than Evotec's, highlighting their divergent strategies. As the biotech landscape continues to shift, these spending patterns offer valuable insights into each company's future trajectory and potential breakthroughs.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025