Comparing Innovation Spending: Eli Lilly and Company and Galapagos NV

Eli Lilly's R&D spending dwarfs Galapagos NV over a decade.

__timestampEli Lilly and CompanyGalapagos NV
Wednesday, January 1, 20144733600000111110000
Thursday, January 1, 20154796400000129714000
Friday, January 1, 20165243900000139574000
Sunday, January 1, 20175281800000218502000
Monday, January 1, 20185051200000322876000
Tuesday, January 1, 20195595000000427320000
Wednesday, January 1, 20206085700000523667000
Friday, January 1, 20217025900000491707000
Saturday, January 1, 20227190800000515083000
Sunday, January 1, 20239313400000241294000
Monday, January 1, 202414271000000
Loading chart...

Unveiling the hidden dimensions of data

A Decade of Innovation: Eli Lilly vs. Galapagos NV

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.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025