| __timestamp | Madrigal Pharmaceuticals, Inc. | Novavax, Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 68205000 | 79435000 |
| Thursday, January 1, 2015 | 54218000 | 162644000 |
| Friday, January 1, 2016 | 15934000 | 237939000 |
| Sunday, January 1, 2017 | 24390000 | 168435000 |
| Monday, January 1, 2018 | 25389000 | 173797000 |
| Tuesday, January 1, 2019 | 72324000 | 113842000 |
| Wednesday, January 1, 2020 | 184809000 | 747027000 |
| Friday, January 1, 2021 | 205164000 | 2534508000 |
| Saturday, January 1, 2022 | 245441000 | 1235278000 |
| Sunday, January 1, 2023 | 271823000 | 737502000 |
In pursuit of knowledge
In the competitive world of biotechnology, innovation is the lifeblood of success. Madrigal Pharmaceuticals, Inc. and Novavax, Inc. have been at the forefront of this race, each investing heavily in research and development (R&D) over the past decade. From 2014 to 2023, Novavax consistently outpaced Madrigal, with R&D expenses peaking at a staggering 2.5 billion dollars in 2021, a year marked by global health challenges. This represents a 220% increase from their 2014 investment. Meanwhile, Madrigal's R&D spending grew steadily, reaching its highest point in 2023 with a 300% increase from 2014. The data highlights Novavax's aggressive push in innovation, especially during the pandemic years, while Madrigal's consistent growth strategy underscores its commitment to long-term innovation. As these companies continue to invest in groundbreaking research, the future of biotechnology looks promising.
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