| __timestamp | Bio-Techne Corporation | Perrigo Company plc |
|---|---|---|
| Wednesday, January 1, 2014 | 30945000 | 152500000 |
| Thursday, January 1, 2015 | 40853000 | 187800000 |
| Friday, January 1, 2016 | 45187000 | 184000000 |
| Sunday, January 1, 2017 | 53514000 | 167700000 |
| Monday, January 1, 2018 | 55329000 | 218600000 |
| Tuesday, January 1, 2019 | 62413000 | 187400000 |
| Wednesday, January 1, 2020 | 65192000 | 177700000 |
| Friday, January 1, 2021 | 70603000 | 122000000 |
| Saturday, January 1, 2022 | 87140000 | 123100000 |
| Sunday, January 1, 2023 | 92493000 | 122500000 |
| Monday, January 1, 2024 | 96664000 |
In pursuit of knowledge
In the ever-evolving landscape of biotechnology and pharmaceuticals, research and development (R&D) expenses are a critical indicator of a company's commitment to innovation. Over the past decade, Bio-Techne Corporation and Perrigo Company plc have demonstrated contrasting trajectories in their R&D investments.
Bio-Techne has shown a remarkable upward trend, with R&D expenses growing by over 200% from 2014 to 2023. This consistent increase underscores their dedication to advancing biotechnological solutions. In contrast, Perrigo's R&D spending peaked in 2018, with a notable 43% higher investment compared to Bio-Techne that year. However, their expenses have since stabilized, reflecting a strategic shift or potential reallocation of resources.
As we look to the future, Bio-Techne's continued growth in R&D spending positions them as a formidable player in the biotech arena, while Perrigo's strategy remains to be seen.
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