| __timestamp | Incyte Corporation | PTC Therapeutics, Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 347523000 | 79838000 |
| Thursday, January 1, 2015 | 479514000 | 121816000 |
| Friday, January 1, 2016 | 581861000 | 117633000 |
| Sunday, January 1, 2017 | 1326361000 | 117456000 |
| Monday, January 1, 2018 | 1197957000 | 171984000 |
| Tuesday, January 1, 2019 | 1154111000 | 257452000 |
| Wednesday, January 1, 2020 | 2215942000 | 477643000 |
| Friday, January 1, 2021 | 1458179000 | 540684000 |
| Saturday, January 1, 2022 | 1585936000 | 651496000 |
| Sunday, January 1, 2023 | 1627594000 | 666563000 |
| Monday, January 1, 2024 | 2606848000 |
Infusing magic into the data realm
In the competitive landscape of biotechnology, research and development (R&D) spending is a critical indicator of a company's commitment to innovation. Over the past decade, Incyte Corporation and PTC Therapeutics, Inc. have demonstrated contrasting strategies in their R&D investments. From 2014 to 2023, Incyte's R&D expenses surged by approximately 368%, peaking in 2020 with a notable 2.2 billion dollars. This reflects Incyte's aggressive pursuit of new therapies and market leadership. In contrast, PTC Therapeutics, while also increasing its R&D spending, showed a more moderate growth of around 735% over the same period, reaching its highest in 2023. This strategic focus highlights PTC's steady commitment to expanding its therapeutic pipeline. The data underscores the importance of R&D in driving innovation and maintaining a competitive edge in the biotech industry.
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