Johnson & Johnson or Amphastar Pharmaceuticals, Inc.: Who Invests More in Innovation?

Comparing R&D investments: Johnson & Johnson vs. Amphastar

__timestampAmphastar Pharmaceuticals, Inc.Johnson & Johnson
Wednesday, January 1, 2014284270008494000000
Thursday, January 1, 2015370650009046000000
Friday, January 1, 2016411990009095000000
Sunday, January 1, 20174341500010554000000
Monday, January 1, 20185756400010775000000
Tuesday, January 1, 20196885300011355000000
Wednesday, January 1, 20206722900012340000000
Friday, January 1, 20216093200014277000000
Saturday, January 1, 20227477100014135000000
Sunday, January 1, 20237374100015048000000
Monday, January 1, 202417232000000
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Innovation Investment: A Tale of Two Companies

In the ever-evolving pharmaceutical industry, innovation is the lifeblood of progress. Over the past decade, Johnson & Johnson and Amphastar Pharmaceuticals, Inc. have demonstrated contrasting approaches to research and development (R&D) investment. From 2014 to 2023, Johnson & Johnson consistently allocated a significant portion of its resources to R&D, with expenditures peaking at approximately $15 billion in 2023. This represents a steady increase of around 77% from 2014. In contrast, Amphastar Pharmaceuticals, Inc. has shown a more modest growth in R&D spending, reaching about $74 million in 2022, a 162% increase from 2014. While Johnson & Johnson's investment dwarfs that of Amphastar, the latter's rapid growth rate highlights its commitment to innovation. This comparison underscores the diverse strategies companies employ to drive innovation and maintain competitive edges in the pharmaceutical sector.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025