| __timestamp | Madrigal Pharmaceuticals, Inc. | Travere Therapeutics, Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 68205000 | 47795223 |
| Thursday, January 1, 2015 | 54218000 | 50426000 |
| Friday, January 1, 2016 | 15934000 | 70853000 |
| Sunday, January 1, 2017 | 24390000 | 78168000 |
| Monday, January 1, 2018 | 25389000 | 123757000 |
| Tuesday, January 1, 2019 | 72324000 | 140963000 |
| Wednesday, January 1, 2020 | 184809000 | 131773000 |
| Friday, January 1, 2021 | 205164000 | 210328000 |
| Saturday, January 1, 2022 | 245441000 | 235780000 |
| Sunday, January 1, 2023 | 271823000 | 244990000 |
Cracking the code
In the dynamic world of biopharmaceuticals, research and development (R&D) is the lifeblood of innovation. Over the past decade, Madrigal Pharmaceuticals, Inc. and Travere Therapeutics, Inc. have demonstrated a steadfast commitment to R&D, with both companies significantly increasing their investments.
From 2014 to 2023, Madrigal Pharmaceuticals saw a remarkable 300% increase in R&D spending, peaking in 2023. Travere Therapeutics mirrored this trend, with a 400% rise over the same period. This surge underscores the industry's relentless pursuit of groundbreaking therapies.
In 2023, Madrigal allocated approximately 27% more to R&D than in 2022, while Travere's investment grew by 4%. These figures highlight a strategic focus on innovation, crucial for maintaining competitive advantage in a rapidly evolving market.
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