ImmunityBio, Inc. or Protagonist Therapeutics, Inc.: Who Invests More in Innovation?

Biotech Giants: Who Leads in R&D Investment?

__timestampImmunityBio, Inc.Protagonist Therapeutics, Inc.
Wednesday, January 1, 201415950007459000
Thursday, January 1, 20151143400011831000
Friday, January 1, 20162654600025705000
Sunday, January 1, 20173977800046181000
Monday, January 1, 20185341800059497000
Tuesday, January 1, 201911199700065003000
Wednesday, January 1, 202013950700074506000
Friday, January 1, 2021195958000126006000
Saturday, January 1, 2022248149000126215000
Sunday, January 1, 2023232366000120161000
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Unveiling the hidden dimensions of data

Investing in Innovation: A Tale of Two Biotech Companies

In the competitive world of biotechnology, innovation is the lifeblood of success. ImmunityBio, Inc. and Protagonist Therapeutics, Inc. have been at the forefront of this race, investing heavily in research and development (R&D) over the past decade. From 2014 to 2023, ImmunityBio has consistently outpaced Protagonist Therapeutics in R&D spending, with a peak investment of approximately $248 million in 2022. This represents a staggering 1,500% increase from their 2014 expenditure. Meanwhile, Protagonist Therapeutics has also shown a commendable growth trajectory, with their R&D expenses rising by over 1,500% during the same period, reaching around $126 million in 2022. These investments underscore the companies' commitment to pioneering new treatments and therapies, highlighting the critical role of R&D in driving innovation and maintaining a competitive edge in the biotech industry.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025