| __timestamp | Celldex Therapeutics, Inc. | Summit Therapeutics Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 104381000 | 15635076 |
| Thursday, January 1, 2015 | 100171000 | 23943601 |
| Friday, January 1, 2016 | 102726000 | 23689111 |
| Sunday, January 1, 2017 | 96171000 | 41006114 |
| Monday, January 1, 2018 | 66449000 | 51379106 |
| Tuesday, January 1, 2019 | 42672000 | 32705593 |
| Wednesday, January 1, 2020 | 42534000 | 53274000 |
| Friday, January 1, 2021 | 53311000 | 85352000 |
| Saturday, January 1, 2022 | 82258000 | 51999000 |
| Sunday, January 1, 2023 | 118011000 | 59471000 |
In pursuit of knowledge
In the competitive world of biotechnology, innovation is the lifeblood of success. Over the past decade, Celldex Therapeutics, Inc. and Summit Therapeutics Inc. have been at the forefront of this race, each investing heavily in research and development (R&D) to drive breakthroughs. From 2014 to 2023, Celldex consistently outpaced Summit in R&D spending, with an average annual investment of approximately $81 million, nearly double Summit's $44 million. Notably, in 2023, Celldex's R&D expenses surged to their highest, marking a 40% increase from 2022, while Summit's spending grew by 14%. This trend underscores Celldex's commitment to innovation, even as Summit shows steady growth. As these companies continue to push the boundaries of medical science, their financial dedication to R&D highlights the critical role of investment in shaping the future of healthcare.
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