| __timestamp | Alkermes plc | Eli Lilly and Company |
|---|---|---|
| Wednesday, January 1, 2014 | 7753000 | 4733600000 |
| Thursday, January 1, 2015 | 4019000 | 4796400000 |
| Friday, January 1, 2016 | 2301000 | 5243900000 |
| Sunday, January 1, 2017 | 7232000 | 5281800000 |
| Monday, January 1, 2018 | 68895000 | 5051200000 |
| Tuesday, January 1, 2019 | 52816000 | 5595000000 |
| Wednesday, January 1, 2020 | 1946000 | 6085700000 |
| Friday, January 1, 2021 | 1020000 | 7025900000 |
| Saturday, January 1, 2022 | 393842000 | 7190800000 |
| Sunday, January 1, 2023 | 270806000 | 9313400000 |
| Monday, January 1, 2024 | 245326000 | 14271000000 |
Cracking the code
In the competitive world of pharmaceuticals, innovation is key. Eli Lilly and Company and Alkermes plc are two giants in the industry, each with a unique approach to research and development (R&D). Over the past decade, Eli Lilly has consistently outpaced Alkermes in R&D spending, investing nearly 60 times more on average. In 2023, Eli Lilly's R&D expenses reached a staggering $9.3 billion, marking a 97% increase from 2014. In contrast, Alkermes' investment peaked at $393 million in 2022, a significant rise from its 2014 figure but still a fraction of Eli Lilly's commitment.
This disparity highlights Eli Lilly's aggressive strategy to lead in innovation, while Alkermes focuses on more targeted investments. As the pharmaceutical landscape evolves, these investment patterns will shape the future of drug development and patient care.
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