| __timestamp | Biogen Inc. | Teva Pharmaceutical Industries Limited |
|---|---|---|
| Wednesday, January 1, 2014 | 8532288000 | 11056000000 |
| Thursday, January 1, 2015 | 9523400000 | 11356000000 |
| Friday, January 1, 2016 | 9970100000 | 11859000000 |
| Sunday, January 1, 2017 | 10643900000 | 10825000000 |
| Monday, January 1, 2018 | 11636600000 | 8296000000 |
| Tuesday, January 1, 2019 | 12422500000 | 7536000000 |
| Wednesday, January 1, 2020 | 11639400000 | 7725000000 |
| Friday, January 1, 2021 | 8872000000 | 7594000000 |
| Saturday, January 1, 2022 | 7895100000 | 6973000000 |
| Sunday, January 1, 2023 | 7302200000 | 7646000000 |
| Monday, January 1, 2024 | 9675900000 | 8064000000 |
Igniting the spark of knowledge
In the competitive landscape of pharmaceuticals, Teva Pharmaceutical Industries Limited and Biogen Inc. have been pivotal players. From 2014 to 2023, these giants have showcased their prowess in generating gross profit. Teva, with its robust generic drug portfolio, initially led the race, peaking in 2016 with a gross profit of approximately 11.9 billion. However, Biogen, renowned for its innovative therapies, surged ahead in 2019, achieving a gross profit of around 12.4 billion, marking a 24% increase from 2014.
The subsequent years saw a decline for both, with Biogen's gross profit dropping by 41% by 2023, while Teva's fell by 36%. This trend reflects broader industry challenges, including patent cliffs and pricing pressures. As the pharmaceutical sector evolves, the strategic maneuvers of these companies will be crucial in determining their future financial trajectories.
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