| __timestamp | Amicus Therapeutics, Inc. | Veracyte, Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 47624000 | 9804000 |
| Thursday, January 1, 2015 | 76943000 | 12796000 |
| Friday, January 1, 2016 | 104793000 | 15324000 |
| Sunday, January 1, 2017 | 149310000 | 13881000 |
| Monday, January 1, 2018 | 270902000 | 14820000 |
| Tuesday, January 1, 2019 | 286378000 | 14851000 |
| Wednesday, January 1, 2020 | 308443000 | 17204000 |
| Friday, January 1, 2021 | 272049000 | 29843000 |
| Saturday, January 1, 2022 | 276677000 | 40603000 |
| Sunday, January 1, 2023 | 152381000 | 57305000 |
Unleashing insights
In the competitive world of biotechnology, investment in research and development (R&D) is crucial for innovation and growth. Over the past decade, Amicus Therapeutics, Inc. has consistently outpaced Veracyte, Inc. in R&D spending. From 2014 to 2023, Amicus Therapeutics increased its R&D expenses by over 220%, peaking in 2020 with a staggering 308 million dollars. In contrast, Veracyte, Inc. showed a more modest growth, with R&D expenses rising by approximately 485% over the same period, reaching their highest in 2023.
This trend highlights Amicus Therapeutics' aggressive strategy in pioneering new treatments, while Veracyte, Inc. has steadily ramped up its investment, particularly in recent years. As the biotech industry continues to evolve, these investments are pivotal in driving innovation and maintaining a competitive edge.
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