| __timestamp | Madrigal Pharmaceuticals, Inc. | Xencor, Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 68205000 | 18516000 |
| Thursday, January 1, 2015 | 54218000 | 34140000 |
| Friday, January 1, 2016 | 15934000 | 51872000 |
| Sunday, January 1, 2017 | 24390000 | 71772000 |
| Monday, January 1, 2018 | 25389000 | 97501000 |
| Tuesday, January 1, 2019 | 72324000 | 118590000 |
| Wednesday, January 1, 2020 | 184809000 | 169802000 |
| Friday, January 1, 2021 | 205164000 | 192507000 |
| Saturday, January 1, 2022 | 245441000 | 199563000 |
| Sunday, January 1, 2023 | 271823000 | 253598000 |
Igniting the spark of knowledge
In the ever-evolving world of biotechnology, research and development (R&D) spending is a critical indicator of innovation and future growth. Over the past decade, Madrigal Pharmaceuticals, Inc. and Xencor, Inc. have demonstrated a steadfast commitment to advancing their R&D efforts. From 2014 to 2023, Madrigal Pharmaceuticals increased its R&D expenses by nearly 300%, while Xencor, Inc. saw a remarkable 1,270% rise. This surge underscores the industry's dynamic nature and the companies' dedication to pioneering new treatments. Notably, in 2023, Madrigal's R&D spending reached its peak, accounting for approximately 52% of its total expenses, while Xencor's R&D allocation was close behind at 48%. These figures highlight the strategic importance of R&D in driving innovation and maintaining a competitive edge in the biotech sector. As these companies continue to invest heavily in research, the future of biotechnology looks promising.
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