| __timestamp | Amgen Inc. | Viking Therapeutics, Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 4297000000 | 22223073 |
| Thursday, January 1, 2015 | 4070000000 | 6966842 |
| Friday, January 1, 2016 | 3840000000 | 9000499 |
| Sunday, January 1, 2017 | 3562000000 | 13741186 |
| Monday, January 1, 2018 | 3737000000 | 19040000 |
| Tuesday, January 1, 2019 | 4116000000 | 23559000 |
| Wednesday, January 1, 2020 | 4207000000 | 31931000 |
| Friday, January 1, 2021 | 4819000000 | 44981000 |
| Saturday, January 1, 2022 | 4434000000 | 54234000 |
| Sunday, January 1, 2023 | 4784000000 | 63806000 |
| Monday, January 1, 2024 | 5964000000 |
Unleashing insights
In the competitive world of biotechnology, research and development (R&D) spending is a key indicator of a company's commitment to innovation. Amgen Inc., a giant in the industry, has consistently invested heavily in R&D, with expenditures peaking at nearly $4.8 billion in 2021. This represents a steady increase of about 35% from 2014. In contrast, Viking Therapeutics, Inc., a smaller player, has shown a remarkable growth trajectory in its R&D spending, increasing by over 180% from 2014 to 2023. Despite its smaller scale, Viking's commitment to innovation is evident, with its R&D expenses reaching approximately $64 million in 2023. This comparison highlights the diverse strategies in the biotech sector, where both established giants and emerging companies prioritize innovation to drive future growth.
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