| __timestamp | Incyte Corporation | Iovance Biotherapeutics, Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 347523000 | 2704597 |
| Thursday, January 1, 2015 | 479514000 | 15470000 |
| Friday, January 1, 2016 | 581861000 | 28037000 |
| Sunday, January 1, 2017 | 1326361000 | 71615000 |
| Monday, January 1, 2018 | 1197957000 | 99828000 |
| Tuesday, January 1, 2019 | 1154111000 | 166023000 |
| Wednesday, January 1, 2020 | 2215942000 | 201727000 |
| Friday, January 1, 2021 | 1458179000 | 259039000 |
| Saturday, January 1, 2022 | 1585936000 | 294781000 |
| Sunday, January 1, 2023 | 1627594000 | 344077000 |
| Monday, January 1, 2024 | 2606848000 |
Unlocking the unknown
In the competitive world of biotechnology, research and development (R&D) spending is a key indicator of a company's commitment to innovation. Over the past decade, Incyte Corporation and Iovance Biotherapeutics, Inc. have demonstrated contrasting approaches to R&D investment. Incyte's R&D expenses have surged by over 360% from 2014 to 2023, peaking at approximately $1.63 billion in 2023. This reflects their aggressive strategy to maintain a leading edge in the industry. Meanwhile, Iovance Biotherapeutics has shown a remarkable growth trajectory, with R&D spending increasing by an astounding 12,600% over the same period, reaching around $344 million in 2023. This rapid increase underscores Iovance's commitment to expanding its research capabilities. As these companies continue to invest heavily in innovation, the biotech landscape is poised for exciting developments.
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