R&D Insights: How AstraZeneca PLC and Perrigo Company plc Allocate Funds

AstraZeneca vs. Perrigo: R&D Spending Showdown

__timestampAstraZeneca PLCPerrigo Company plc
Wednesday, January 1, 20145579000000152500000
Thursday, January 1, 20155997000000187800000
Friday, January 1, 20165890000000184000000
Sunday, January 1, 20175757000000167700000
Monday, January 1, 20185932000000218600000
Tuesday, January 1, 20195958000000187400000
Wednesday, January 1, 20205991000000177700000
Friday, January 1, 20219736000000122000000
Saturday, January 1, 20229762000000123100000
Sunday, January 1, 202310935000000122500000
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R&D Investment Trends: AstraZeneca vs. Perrigo

In the ever-evolving pharmaceutical landscape, research and development (R&D) are pivotal for innovation and growth. AstraZeneca PLC and Perrigo Company plc, two giants in the industry, have shown contrasting approaches to R&D funding over the past decade. From 2014 to 2023, AstraZeneca's R&D expenses surged by nearly 96%, peaking at over $10 billion in 2023. This reflects a strategic focus on innovation, likely driven by the need to stay competitive in a rapidly advancing field. In contrast, Perrigo's R&D spending remained relatively stable, with a slight decline of about 20% over the same period, indicating a more conservative approach. This divergence highlights the varied strategies companies adopt to balance innovation with financial prudence. As the pharmaceutical industry continues to evolve, these insights offer a glimpse into how major players allocate resources to drive future growth.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025