R&D Spending Showdown: Axsome Therapeutics, Inc. vs Viridian Therapeutics, Inc.

Biotech Giants' R&D Spending: A Decade of Innovation

__timestampAxsome Therapeutics, Inc.Viridian Therapeutics, Inc.
Wednesday, January 1, 20144279200293000
Thursday, January 1, 201567769871002000
Friday, January 1, 201621199860888000
Sunday, January 1, 20171995761619623000
Monday, January 1, 20182349505530421000
Tuesday, January 1, 20195364706734794000
Wednesday, January 1, 20207024457928304000
Friday, January 1, 20215806072556886000
Saturday, January 1, 202257947447100894000
Sunday, January 1, 202397944000159765000
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Unleashing the power of data

The R&D Race: Axsome vs. Viridian

In the competitive world of biotechnology, research and development (R&D) spending is a critical indicator of a company's commitment to innovation. Over the past decade, Axsome Therapeutics, Inc. and Viridian Therapeutics, Inc. have been at the forefront of this race.

A Decade of Innovation

Since 2014, Axsome has steadily increased its R&D investments, peaking in 2023 with a remarkable 128% increase from its 2014 spending. Meanwhile, Viridian has shown an even more dramatic rise, with its R&D expenses skyrocketing by over 540% during the same period. This surge underscores Viridian's aggressive push towards groundbreaking therapies.

The 2023 Showdown

In 2023, Viridian outspent Axsome by approximately 63%, highlighting its strategic focus on expanding its therapeutic pipeline. As these two companies continue to innovate, their R&D spending trends offer a glimpse into the future of biotech advancements.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025