__timestamp | Iovance Biotherapeutics, Inc. | PTC Therapeutics, Inc. |
---|---|---|
Wednesday, January 1, 2014 | 2704597 | 79838000 |
Thursday, January 1, 2015 | 15470000 | 121816000 |
Friday, January 1, 2016 | 28037000 | 117633000 |
Sunday, January 1, 2017 | 71615000 | 117456000 |
Monday, January 1, 2018 | 99828000 | 171984000 |
Tuesday, January 1, 2019 | 166023000 | 257452000 |
Wednesday, January 1, 2020 | 201727000 | 477643000 |
Friday, January 1, 2021 | 259039000 | 540684000 |
Saturday, January 1, 2022 | 294781000 | 651496000 |
Sunday, January 1, 2023 | 344077000 | 666563000 |
In pursuit of knowledge
In the competitive world of biotechnology, innovation is the lifeblood of progress. Over the past decade, PTC Therapeutics, Inc. and Iovance Biotherapeutics, Inc. have been at the forefront of this innovation race, significantly increasing their research and development (R&D) spending.
From 2014 to 2023, PTC Therapeutics has consistently outpaced Iovance in R&D investment, with a staggering 735% increase, reaching over $666 million by 2023. Meanwhile, Iovance has shown impressive growth, with a 12,600% increase, culminating in $344 million in 2023.
This substantial investment in R&D underscores the commitment of both companies to pioneering new treatments and therapies. As they continue to push the boundaries of medical science, their financial dedication to innovation is a testament to their roles as leaders in the biotech industry.
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