| __timestamp | Dr. Reddy's Laboratories Limited | Iovance Biotherapeutics, Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 12402000000 | 2704597 |
| Thursday, January 1, 2015 | 17449000000 | 15470000 |
| Friday, January 1, 2016 | 17834000000 | 28037000 |
| Sunday, January 1, 2017 | 19551000000 | 71615000 |
| Monday, January 1, 2018 | 18265000000 | 99828000 |
| Tuesday, January 1, 2019 | 15607000000 | 166023000 |
| Wednesday, January 1, 2020 | 15410000000 | 201727000 |
| Friday, January 1, 2021 | 16541000000 | 259039000 |
| Saturday, January 1, 2022 | 17482000000 | 294781000 |
| Sunday, January 1, 2023 | 19381000000 | 344077000 |
| Monday, January 1, 2024 | 22873000000 |
In pursuit of knowledge
In the ever-evolving pharmaceutical and biotech sectors, innovation is the lifeblood of progress. Dr. Reddy's Laboratories Limited and Iovance Biotherapeutics, Inc. are two prominent players in this arena, each with a distinct approach to research and development (R&D) investment. Over the past decade, Dr. Reddy's has consistently outpaced Iovance in R&D spending, with an average annual investment nearly 100 times greater. In 2023, Dr. Reddy's allocated approximately 19.4 billion to R&D, marking a 56% increase since 2014. Meanwhile, Iovance's R&D expenditure grew from a modest 2.7 million in 2014 to 344 million in 2023, reflecting a significant commitment to innovation despite its smaller scale. This disparity highlights the diverse strategies companies employ to drive innovation, with Dr. Reddy's leveraging its scale and Iovance focusing on targeted advancements. As we look to the future, these investments will shape the landscape of medical breakthroughs.
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