| __timestamp | AbbVie Inc. | Eli Lilly and Company |
|---|---|---|
| Wednesday, January 1, 2014 | 3297000000 | 4733600000 |
| Thursday, January 1, 2015 | 4285000000 | 4796400000 |
| Friday, January 1, 2016 | 4366000000 | 5243900000 |
| Sunday, January 1, 2017 | 4982000000 | 5281800000 |
| Monday, January 1, 2018 | 10329000000 | 5051200000 |
| Tuesday, January 1, 2019 | 6407000000 | 5595000000 |
| Wednesday, January 1, 2020 | 6557000000 | 6085700000 |
| Friday, January 1, 2021 | 7084000000 | 7025900000 |
| Saturday, January 1, 2022 | 6510000000 | 7190800000 |
| Sunday, January 1, 2023 | 8453000000 | 9313400000 |
| Monday, January 1, 2024 | 0 | 14271000000 |
Igniting the spark of knowledge
In the competitive landscape of pharmaceutical giants, research and development (R&D) spending is a key indicator of innovation and future growth. Over the past decade, Eli Lilly and Company and AbbVie Inc. have been at the forefront of this race. From 2014 to 2023, Eli Lilly's R&D expenses surged by nearly 97%, peaking in 2023 with a remarkable $9.3 billion. Meanwhile, AbbVie, despite a significant 156% increase in R&D spending, reached its highest in 2018 with $10.3 billion.
Eli Lilly consistently increased its R&D investment, particularly from 2020 onwards, reflecting a strategic focus on innovation. AbbVie, on the other hand, experienced a notable spike in 2018, followed by a steady investment pattern. This financial commitment underscores the companies' dedication to pioneering new treatments and maintaining a competitive edge in the pharmaceutical industry.
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