| __timestamp | Novavax, Inc. | Teva Pharmaceutical Industries Limited |
|---|---|---|
| Wednesday, January 1, 2014 | 79435000 | 1488000000 |
| Thursday, January 1, 2015 | 162644000 | 1525000000 |
| Friday, January 1, 2016 | 237939000 | 2111000000 |
| Sunday, January 1, 2017 | 168435000 | 1848000000 |
| Monday, January 1, 2018 | 173797000 | 1213000000 |
| Tuesday, January 1, 2019 | 113842000 | 1010000000 |
| Wednesday, January 1, 2020 | 747027000 | 997000000 |
| Friday, January 1, 2021 | 2534508000 | 967000000 |
| Saturday, January 1, 2022 | 1235278000 | 838000000 |
| Sunday, January 1, 2023 | 737502000 | 953000000 |
| Monday, January 1, 2024 | 998000000 |
Cracking the code
In the competitive pharmaceutical landscape, strategic investment in research and development (R&D) is crucial for innovation and growth. Over the past decade, Teva Pharmaceutical Industries Limited and Novavax, Inc. have demonstrated contrasting approaches to R&D spending. From 2014 to 2023, Teva consistently invested heavily, peaking in 2016 with a 41% increase from 2014. However, their R&D spending saw a gradual decline, dropping by 55% by 2023. In contrast, Novavax's R&D expenditure skyrocketed, especially in 2021, with a staggering 1,200% increase from 2014, reflecting their aggressive pursuit of vaccine development. This divergence highlights Teva's focus on maintaining a steady pipeline, while Novavax capitalized on emerging opportunities, particularly during the COVID-19 pandemic. Understanding these trends offers valuable insights into each company's strategic priorities and market positioning.
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