Research and Development: Comparing Key Metrics for AbbVie Inc. and TG Therapeutics, Inc.

R&D Spending: AbbVie vs. TG Therapeutics Over a Decade

__timestampAbbVie Inc.TG Therapeutics, Inc.
Wednesday, January 1, 2014329700000031354781
Thursday, January 1, 2015428500000043445817
Friday, January 1, 2016436600000066489820
Sunday, January 1, 2017498200000096886134
Monday, January 1, 201810329000000153793000
Tuesday, January 1, 20196407000000148369000
Wednesday, January 1, 20206557000000151934000
Friday, January 1, 20217084000000198532000
Saturday, January 1, 20226510000000112128000
Sunday, January 1, 2023845300000076192000
Monday, January 1, 202412791000000
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Unleashing insights

A Decade of Innovation: R&D Spending in Biopharma

In the ever-evolving landscape of biopharmaceuticals, research and development (R&D) is the lifeblood of innovation. Over the past decade, AbbVie Inc. and TG Therapeutics, Inc. have demonstrated contrasting strategies in their R&D investments. AbbVie, a global leader, has consistently increased its R&D spending, peaking in 2018 with a 213% rise from 2014. This commitment underscores its dedication to pioneering treatments and maintaining a competitive edge. Conversely, TG Therapeutics, a smaller player, has shown a more modest growth trajectory, with a 152% increase in R&D expenses over the same period. This reflects its focused approach to niche therapeutic areas. The data from 2014 to 2023 highlights the dynamic nature of R&D investments, emphasizing the critical role they play in driving medical breakthroughs and shaping the future of healthcare.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025