| __timestamp | Axsome Therapeutics, Inc. | BioMarin Pharmaceutical Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 4279200 | 461543000 |
| Thursday, January 1, 2015 | 6776987 | 634806000 |
| Friday, January 1, 2016 | 21199860 | 661905000 |
| Sunday, January 1, 2017 | 19957616 | 610753000 |
| Monday, January 1, 2018 | 23495055 | 696328000 |
| Tuesday, January 1, 2019 | 53647067 | 715007000 |
| Wednesday, January 1, 2020 | 70244579 | 628116000 |
| Friday, January 1, 2021 | 58060725 | 628793000 |
| Saturday, January 1, 2022 | 57947447 | 649606000 |
| Sunday, January 1, 2023 | 97944000 | 746773000 |
| Monday, January 1, 2024 | 187077000 | 747184000 |
Unleashing insights
In the competitive world of pharmaceuticals, innovation is key to staying ahead. BioMarin Pharmaceutical Inc. and Axsome Therapeutics, Inc. exemplify this drive, albeit at different scales. Over the past decade, BioMarin has consistently invested heavily in research and development, with their R&D spending peaking at approximately $747 million in 2023. This represents a steady increase of about 62% from 2014. In contrast, Axsome Therapeutics, while operating on a smaller scale, has shown a remarkable growth trajectory. Their R&D expenses surged by over 2,000% from 2014 to 2023, reaching nearly $98 million. This stark difference highlights BioMarin's established presence and Axsome's aggressive push to innovate and expand. As the pharmaceutical landscape evolves, these investments underscore the critical role of R&D in driving future breakthroughs and maintaining competitive advantage.
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