__timestamp | Evotec SE | Geron Corporation |
---|---|---|
Wednesday, January 1, 2014 | 12404000 | 20707000 |
Thursday, January 1, 2015 | 18343000 | 17831000 |
Friday, January 1, 2016 | 18108000 | 18047000 |
Sunday, January 1, 2017 | 17614000 | 11033000 |
Monday, January 1, 2018 | 35619000 | 13432000 |
Tuesday, January 1, 2019 | 58432000 | 52072000 |
Wednesday, January 1, 2020 | 63945000 | 51488000 |
Friday, January 1, 2021 | 72200000 | 85727000 |
Saturday, January 1, 2022 | 76642000 | 95518000 |
Sunday, January 1, 2023 | 57519000 | 125046000 |
Igniting the spark of knowledge
In the competitive landscape of biotechnology, research and development (R&D) spending is a critical indicator of a company's commitment to innovation. Over the past decade, Geron Corporation and Evotec SE have demonstrated contrasting trajectories in their R&D investments.
From 2014 to 2023, Geron Corporation's R&D expenses surged by approximately 500%, peaking in 2023 with a remarkable 125 million USD. This growth underscores Geron's strategic focus on advancing its therapeutic pipeline. In contrast, Evotec SE exhibited a more stable yet significant increase of around 360% over the same period, reaching its highest expenditure in 2022 with nearly 77 million USD.
The data reveals a pivotal shift in 2021 when Geron overtook Evotec in R&D spending, highlighting its aggressive push in the biotech arena. This trend suggests a potential shift in market dynamics, with Geron positioning itself as a formidable player in the industry.
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