| __timestamp | Dr. Reddy's Laboratories Limited | Perrigo Company plc |
|---|---|---|
| Wednesday, January 1, 2014 | 12402000000 | 152500000 |
| Thursday, January 1, 2015 | 17449000000 | 187800000 |
| Friday, January 1, 2016 | 17834000000 | 184000000 |
| Sunday, January 1, 2017 | 19551000000 | 167700000 |
| Monday, January 1, 2018 | 18265000000 | 218600000 |
| Tuesday, January 1, 2019 | 15607000000 | 187400000 |
| Wednesday, January 1, 2020 | 15410000000 | 177700000 |
| Friday, January 1, 2021 | 16541000000 | 122000000 |
| Saturday, January 1, 2022 | 17482000000 | 123100000 |
| Sunday, January 1, 2023 | 19381000000 | 122500000 |
| Monday, January 1, 2024 | 22873000000 |
Cracking the code
In the competitive landscape of pharmaceuticals, research and development (R&D) investment is a key driver of innovation and growth. Over the past decade, Dr. Reddy's Laboratories Limited has consistently outpaced Perrigo Company plc in R&D spending. From 2014 to 2023, Dr. Reddy's increased its R&D investment by approximately 84%, peaking in 2023. In contrast, Perrigo's R&D expenses remained relatively stable, with a slight decline observed in recent years.
Dr. Reddy's commitment to innovation is evident, with its R&D expenses reaching nearly 20 times that of Perrigo's in 2023. This significant investment underscores Dr. Reddy's strategic focus on developing new products and enhancing existing ones. Meanwhile, Perrigo's steady R&D spending suggests a more conservative approach, potentially focusing on optimizing current offerings. The data for 2024 is incomplete, highlighting the need for ongoing analysis to understand future trends.
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