| __timestamp | Celldex Therapeutics, Inc. | Teva Pharmaceutical Industries Limited |
|---|---|---|
| Wednesday, January 1, 2014 | 104381000 | 1488000000 |
| Thursday, January 1, 2015 | 100171000 | 1525000000 |
| Friday, January 1, 2016 | 102726000 | 2111000000 |
| Sunday, January 1, 2017 | 96171000 | 1848000000 |
| Monday, January 1, 2018 | 66449000 | 1213000000 |
| Tuesday, January 1, 2019 | 42672000 | 1010000000 |
| Wednesday, January 1, 2020 | 42534000 | 997000000 |
| Friday, January 1, 2021 | 53311000 | 967000000 |
| Saturday, January 1, 2022 | 82258000 | 838000000 |
| Sunday, January 1, 2023 | 118011000 | 953000000 |
| Monday, January 1, 2024 | 998000000 |
Igniting the spark of knowledge
In the ever-evolving pharmaceutical landscape, research and development (R&D) are pivotal for innovation and growth. Over the past decade, Teva Pharmaceutical Industries Limited and Celldex Therapeutics, Inc. have showcased contrasting R&D investment strategies. From 2014 to 2023, Teva's R&D expenses have seen a significant decline, dropping from a peak of approximately $2.1 billion in 2016 to around $953 million in 2023. This represents a reduction of over 50%, reflecting strategic shifts in their operational focus. In contrast, Celldex has maintained a more consistent R&D expenditure, with a notable increase of 40% from 2020 to 2023, reaching $118 million. This steady investment underscores Celldex's commitment to innovation, even as Teva recalibrates its priorities. As the pharmaceutical industry continues to face challenges and opportunities, these R&D trends offer a glimpse into the strategic directions of these two key players.
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