R&D Insights: How Amgen Inc. and Viridian Therapeutics, Inc. Allocate Funds

Biotech R&D: Amgen vs. Viridian's Strategic Investments

__timestampAmgen Inc.Viridian Therapeutics, Inc.
Wednesday, January 1, 20144297000000293000
Thursday, January 1, 201540700000001002000
Friday, January 1, 20163840000000888000
Sunday, January 1, 2017356200000019623000
Monday, January 1, 2018373700000030421000
Tuesday, January 1, 2019411600000034794000
Wednesday, January 1, 2020420700000028304000
Friday, January 1, 2021481900000056886000
Saturday, January 1, 20224434000000100894000
Sunday, January 1, 20234784000000159765000
Monday, January 1, 20245964000000
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Unlocking the unknown

R&D Spending: A Tale of Two Biotech Giants

In the ever-evolving world of biotechnology, research and development (R&D) is the lifeblood that fuels innovation and growth. Amgen Inc., a stalwart in the industry, has consistently invested heavily in R&D, with expenditures peaking at nearly $4.8 billion in 2021. This represents a steady increase of approximately 35% from 2014. In contrast, Viridian Therapeutics, Inc., a rising star, has shown a remarkable growth trajectory in its R&D spending. Starting from a modest $293,000 in 2014, Viridian's investment surged to over $159 million by 2023, marking an exponential increase of over 54,000%. This stark contrast highlights the different stages and strategies of these companies, with Amgen focusing on sustaining its market leadership and Viridian aggressively expanding its research capabilities. As the biotech landscape continues to shift, these R&D investments will be crucial in determining the future leaders of the industry.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025