| __timestamp | Perrigo Company plc | Wave Life Sciences Ltd. |
|---|---|---|
| Wednesday, January 1, 2014 | 152500000 | 2395000 |
| Thursday, January 1, 2015 | 187800000 | 9057000 |
| Friday, January 1, 2016 | 184000000 | 40818000 |
| Sunday, January 1, 2017 | 167700000 | 79309000 |
| Monday, January 1, 2018 | 218600000 | 134428000 |
| Tuesday, January 1, 2019 | 187400000 | 175431000 |
| Wednesday, January 1, 2020 | 177700000 | 130944000 |
| Friday, January 1, 2021 | 122000000 | 121875000 |
| Saturday, January 1, 2022 | 123100000 | 115856000 |
| Sunday, January 1, 2023 | 122500000 | 130009000 |
Unlocking the unknown
In the competitive landscape of pharmaceuticals and biotechnology, research and development (R&D) spending is a critical indicator of a company's commitment to innovation. Over the past decade, Perrigo Company plc and Wave Life Sciences Ltd. have demonstrated contrasting strategies in their R&D investments. From 2014 to 2023, Perrigo's R&D expenses have shown a steady decline, dropping by approximately 20% from their peak in 2018. In contrast, Wave Life Sciences has aggressively increased its R&D spending, with a staggering 54-fold increase from 2014 to 2019, reflecting its strategic focus on pioneering new therapies. By 2023, Wave Life Sciences' R&D expenses nearly matched those of Perrigo, highlighting its rapid ascent in the industry. This data underscores the dynamic nature of R&D strategies and their potential impact on a company's market position.
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