| __timestamp | Dr. Reddy's Laboratories Limited | Eli Lilly and Company |
|---|---|---|
| Wednesday, January 1, 2014 | 12402000000 | 4733600000 |
| Thursday, January 1, 2015 | 17449000000 | 4796400000 |
| Friday, January 1, 2016 | 17834000000 | 5243900000 |
| Sunday, January 1, 2017 | 19551000000 | 5281800000 |
| Monday, January 1, 2018 | 18265000000 | 5051200000 |
| Tuesday, January 1, 2019 | 15607000000 | 5595000000 |
| Wednesday, January 1, 2020 | 15410000000 | 6085700000 |
| Friday, January 1, 2021 | 16541000000 | 7025900000 |
| Saturday, January 1, 2022 | 17482000000 | 7190800000 |
| Sunday, January 1, 2023 | 19381000000 | 9313400000 |
| Monday, January 1, 2024 | 22873000000 | 14271000000 |
Unlocking the unknown
In the competitive world of pharmaceuticals, research and development (R&D) spending is a key indicator of innovation and future growth. Over the past decade, Eli Lilly and Company and Dr. Reddy's Laboratories Limited have been at the forefront of this race. From 2014 to 2023, Dr. Reddy's consistently outspent Eli Lilly, with R&D expenses peaking at an impressive 22.9 billion in 2024. In contrast, Eli Lilly's R&D spending showed a steady increase, reaching 9.3 billion in 2023, marking a 97% growth from 2014. This trend highlights Dr. Reddy's aggressive investment strategy, while Eli Lilly's gradual increase reflects a more measured approach. The data for 2024 is incomplete for Eli Lilly, suggesting a potential shift in strategy or reporting. As these companies continue to innovate, their R&D investments will be crucial in shaping the future of healthcare.
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