| __timestamp | Eli Lilly and Company | Galapagos NV |
|---|---|---|
| Wednesday, January 1, 2014 | 4733600000 | 111110000 |
| Thursday, January 1, 2015 | 4796400000 | 129714000 |
| Friday, January 1, 2016 | 5243900000 | 139574000 |
| Sunday, January 1, 2017 | 5281800000 | 218502000 |
| Monday, January 1, 2018 | 5051200000 | 322876000 |
| Tuesday, January 1, 2019 | 5595000000 | 427320000 |
| Wednesday, January 1, 2020 | 6085700000 | 523667000 |
| Friday, January 1, 2021 | 7025900000 | 491707000 |
| Saturday, January 1, 2022 | 7190800000 | 515083000 |
| Sunday, January 1, 2023 | 9313400000 | 241294000 |
| Monday, January 1, 2024 | 14271000000 |
Unleashing insights
In the ever-evolving pharmaceutical landscape, research and development (R&D) spending is a key indicator of a company's commitment to innovation. Over the past decade, Eli Lilly and Company has consistently outpaced Galapagos NV in R&D investment. From 2014 to 2023, Eli Lilly's R&D expenses surged by nearly 97%, peaking in 2023 with a staggering $9.3 billion. In contrast, Galapagos NV's R&D spending showed a more modest growth, with a peak in 2020 at approximately $523 million, before declining to $241 million in 2023.
This stark contrast highlights Eli Lilly's aggressive strategy in pioneering new treatments and therapies, while Galapagos NV adopts a more conservative approach. As the pharmaceutical industry continues to face challenges and opportunities, these spending patterns offer a glimpse into the strategic priorities of these two companies.
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