Who Prioritizes Innovation? R&D Spending Compared for Amicus Therapeutics, Inc. and Soleno Therapeutics, Inc.

Biotech R&D: Amicus vs. Soleno's Innovation Race

__timestampAmicus Therapeutics, Inc.Soleno Therapeutics, Inc.
Wednesday, January 1, 2014476240002242216
Thursday, January 1, 2015769430004536244
Friday, January 1, 20161047930005184803
Sunday, January 1, 20171493100003068742
Monday, January 1, 20182709020007178000
Tuesday, January 1, 201928637800016267000
Wednesday, January 1, 202030844300023191000
Friday, January 1, 202127204900021453000
Saturday, January 1, 202227667700015265000
Sunday, January 1, 202315238100025189000
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Data in motion

Innovation in Biotech: A Tale of Two Companies

In the competitive world of biotechnology, research and development (R&D) spending is a key indicator of a company's commitment to innovation. Over the past decade, Amicus Therapeutics, Inc. has consistently outpaced Soleno Therapeutics, Inc. in R&D investment. From 2014 to 2023, Amicus increased its R&D spending by over 220%, peaking in 2020 with a staggering 308 million dollars. In contrast, Soleno's R&D expenses grew by approximately 1,000% during the same period, yet their highest annual spend was just 25 million dollars in 2023. This stark difference highlights Amicus's aggressive pursuit of innovation, while Soleno's growth, though impressive in percentage terms, remains modest in absolute figures. As the biotech industry continues to evolve, these spending patterns may offer insights into future breakthroughs and market leadership.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025