| __timestamp | Incyte Corporation | Novavax, Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 347523000 | 79435000 |
| Thursday, January 1, 2015 | 479514000 | 162644000 |
| Friday, January 1, 2016 | 581861000 | 237939000 |
| Sunday, January 1, 2017 | 1326361000 | 168435000 |
| Monday, January 1, 2018 | 1197957000 | 173797000 |
| Tuesday, January 1, 2019 | 1154111000 | 113842000 |
| Wednesday, January 1, 2020 | 2215942000 | 747027000 |
| Friday, January 1, 2021 | 1458179000 | 2534508000 |
| Saturday, January 1, 2022 | 1585936000 | 1235278000 |
| Sunday, January 1, 2023 | 1627594000 | 737502000 |
| Monday, January 1, 2024 | 2606848000 |
Unleashing insights
In the ever-evolving world of biotechnology, research and development (R&D) expenses are a critical indicator of a company's commitment to innovation. Over the past decade, Incyte Corporation and Novavax, Inc. have demonstrated contrasting trajectories in their R&D investments. From 2014 to 2023, Incyte consistently increased its R&D spending, peaking in 2020 with a 537% rise from 2014. Meanwhile, Novavax's R&D expenses surged dramatically in 2021, marking a 3,090% increase from 2014, driven by its COVID-19 vaccine development efforts. Despite fluctuations, both companies have shown a steadfast dedication to advancing medical science. This data underscores the dynamic nature of the biotech industry, where strategic R&D investments can lead to groundbreaking innovations and significant market shifts.
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