Intra-Cellular Therapies, Inc. or Celldex Therapeutics, Inc.: Who Invests More in Innovation?

Biotech Giants: Who Leads in R&D Investment?

__timestampCelldex Therapeutics, Inc.Intra-Cellular Therapies, Inc.
Wednesday, January 1, 201410438100021226345
Thursday, January 1, 201510017100087718074
Friday, January 1, 201610272600093831530
Sunday, January 1, 20179617100079419009
Monday, January 1, 201866449000132166913
Tuesday, January 1, 20194267200089124838
Wednesday, January 1, 20204253400065782137
Friday, January 1, 20215331100088845513
Saturday, January 1, 202282258000134715000
Sunday, January 1, 2023118011000180142000
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Unleashing the power of data

Investing in Innovation: A Tale of Two Biotech Companies

In the competitive world of biotechnology, innovation is the lifeblood of success. Over the past decade, Intra-Cellular Therapies, Inc. and Celldex Therapeutics, Inc. have been at the forefront of this race, each investing heavily in research and development (R&D) to bring groundbreaking therapies to market. From 2014 to 2023, Intra-Cellular Therapies consistently increased its R&D spending, culminating in a 750% rise by 2023. In contrast, Celldex's investment fluctuated, peaking in 2014 and 2023, with a notable dip in 2019. By 2023, Intra-Cellular Therapies outspent Celldex by approximately 53%, highlighting its commitment to innovation. This trend underscores the strategic importance of sustained R&D investment in driving biotech advancements and maintaining a competitive edge. As these companies continue to innovate, their financial strategies offer valuable insights into the future of therapeutic development.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025