| __timestamp | Celldex Therapeutics, Inc. | Madrigal Pharmaceuticals, Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 104381000 | 68205000 |
| Thursday, January 1, 2015 | 100171000 | 54218000 |
| Friday, January 1, 2016 | 102726000 | 15934000 |
| Sunday, January 1, 2017 | 96171000 | 24390000 |
| Monday, January 1, 2018 | 66449000 | 25389000 |
| Tuesday, January 1, 2019 | 42672000 | 72324000 |
| Wednesday, January 1, 2020 | 42534000 | 184809000 |
| Friday, January 1, 2021 | 53311000 | 205164000 |
| Saturday, January 1, 2022 | 82258000 | 245441000 |
| Sunday, January 1, 2023 | 118011000 | 271823000 |
In pursuit of knowledge
In the competitive world of pharmaceuticals, research and development (R&D) spending is a key indicator of a company's commitment to innovation. Over the past decade, Madrigal Pharmaceuticals, Inc. and Celldex Therapeutics, Inc. have been at the forefront of this race.
Madrigal Pharmaceuticals has shown a remarkable increase in R&D spending, with a staggering 300% rise from 2014 to 2023. This surge underscores their dedication to pioneering new treatments and therapies. By 2023, their R&D expenses reached a peak, reflecting their strategic focus on long-term growth and innovation.
Celldex Therapeutics, on the other hand, experienced a more fluctuating trend. While their R&D spending decreased by about 60% from 2014 to 2019, they rebounded with a 177% increase by 2023. This recovery highlights their resilience and adaptability in a rapidly evolving industry.
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