CRISPR Therapeutics AG or Xencor, Inc.: Who Invests More in Innovation?

Biotech Giants' R&D Race: CRISPR vs. Xencor

__timestampCRISPR Therapeutics AGXencor, Inc.
Wednesday, January 1, 2014151300018516000
Thursday, January 1, 20151257300034140000
Friday, January 1, 20164223800051872000
Sunday, January 1, 20176980000071772000
Monday, January 1, 201811377300097501000
Tuesday, January 1, 2019179362000118590000
Wednesday, January 1, 2020266946000169802000
Friday, January 1, 2021438633000192507000
Saturday, January 1, 2022461645000199563000
Sunday, January 1, 2023387332000253598000
Monday, January 1, 2024320653000
Loading chart...

Igniting the spark of knowledge

Innovation Investment: A Tale of Two Biotech Giants

In the dynamic world of biotechnology, innovation is the lifeblood that propels companies forward. CRISPR Therapeutics AG and Xencor, Inc. are two such pioneers, each with a unique approach to research and development (R&D). Over the past decade, CRISPR Therapeutics has consistently outpaced Xencor in R&D spending, with a staggering 60% more investment on average. This trend is evident from 2014 to 2023, where CRISPR's R&D expenses surged from a modest $1.5 million to nearly $462 million in 2022, before slightly dipping in 2023. Meanwhile, Xencor's investment grew steadily, peaking at approximately $254 million in 2023. This financial commitment underscores CRISPR's aggressive pursuit of cutting-edge gene-editing technologies, while Xencor focuses on antibody and protein engineering. As these companies continue to innovate, their R&D strategies will be crucial in shaping the future of biotechnology.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025