| __timestamp | Incyte Corporation | Madrigal Pharmaceuticals, Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 347523000 | 68205000 |
| Thursday, January 1, 2015 | 479514000 | 54218000 |
| Friday, January 1, 2016 | 581861000 | 15934000 |
| Sunday, January 1, 2017 | 1326361000 | 24390000 |
| Monday, January 1, 2018 | 1197957000 | 25389000 |
| Tuesday, January 1, 2019 | 1154111000 | 72324000 |
| Wednesday, January 1, 2020 | 2215942000 | 184809000 |
| Friday, January 1, 2021 | 1458179000 | 205164000 |
| Saturday, January 1, 2022 | 1585936000 | 245441000 |
| Sunday, January 1, 2023 | 1627594000 | 271823000 |
| Monday, January 1, 2024 | 2606848000 |
Unleashing the power of data
In the competitive world of biotechnology, research and development (R&D) spending is a key indicator of a company's commitment to innovation. Over the past decade, Incyte Corporation and Madrigal Pharmaceuticals, Inc. have demonstrated contrasting approaches to R&D investment. From 2014 to 2023, Incyte consistently outpaced Madrigal, with R&D expenses peaking at approximately $2.2 billion in 2020, a staggering 700% increase from 2014. In contrast, Madrigal's R&D spending, while growing, reached its highest at around $272 million in 2023, marking a 300% increase over the same period. This disparity highlights Incyte's aggressive strategy in pioneering new treatments, while Madrigal adopts a more measured approach. As the biotech landscape evolves, these investment patterns may shape the future of innovation and market leadership.
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