| __timestamp | Ionis Pharmaceuticals, Inc. | Novavax, Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 241751000 | 79435000 |
| Thursday, January 1, 2015 | 322292000 | 162644000 |
| Friday, January 1, 2016 | 344320000 | 237939000 |
| Sunday, January 1, 2017 | 374644000 | 168435000 |
| Monday, January 1, 2018 | 414604000 | 173797000 |
| Tuesday, January 1, 2019 | 466000000 | 113842000 |
| Wednesday, January 1, 2020 | 535000000 | 747027000 |
| Friday, January 1, 2021 | 643000000 | 2534508000 |
| Saturday, January 1, 2022 | 833000000 | 1235278000 |
| Sunday, January 1, 2023 | 899625000 | 737502000 |
| Monday, January 1, 2024 | 901530000 |
In pursuit of knowledge
In the ever-evolving world of biotechnology, research and development (R&D) spending is a critical indicator of a company's commitment to innovation. Over the past decade, Ionis Pharmaceuticals, Inc. and Novavax, Inc. have demonstrated contrasting trajectories in their R&D investments. From 2014 to 2023, Ionis Pharmaceuticals consistently increased its R&D expenses, peaking in 2023 with a 272% rise from its 2014 levels. Meanwhile, Novavax, Inc. experienced a dramatic surge in 2021, with R&D spending skyrocketing by over 3,000% compared to 2014, largely driven by its COVID-19 vaccine development efforts. However, by 2023, Novavax's R&D expenses had decreased by 71% from its 2021 peak. This comparison highlights the dynamic nature of R&D investments in the biotech sector, reflecting both strategic priorities and market opportunities.
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