Who Prioritizes Innovation? R&D Spending Compared for Exelixis, Inc. and Geron Corporation

Biotech Giants: R&D Spending Trends from 2014 to 2023

__timestampExelixis, Inc.Geron Corporation
Wednesday, January 1, 201418910100020707000
Thursday, January 1, 20159635100017831000
Friday, January 1, 20169596700018047000
Sunday, January 1, 201711217100011033000
Monday, January 1, 201818225700013432000
Tuesday, January 1, 201933696400052072000
Wednesday, January 1, 202054785100051488000
Friday, January 1, 202169371600085727000
Saturday, January 1, 202289181300095518000
Sunday, January 1, 20231044071000125046000
Monday, January 1, 2024910408000
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Igniting the spark of knowledge

Innovation in Focus: A Tale of Two Biotech 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, Exelixis, Inc. and Geron Corporation have demonstrated contrasting approaches to R&D investment. From 2014 to 2023, Exelixis increased its R&D spending by over 450%, reaching a peak in 2023. This surge underscores Exelixis's aggressive pursuit of new therapies and treatments. In contrast, Geron Corporation's R&D expenses grew by approximately 500% during the same period, albeit from a smaller base, reflecting a more measured but steady commitment to innovation. The data reveals that while both companies prioritize R&D, Exelixis's larger financial commitment suggests a more robust pipeline of potential breakthroughs. As the biotech landscape evolves, these investments could shape the future of medical advancements.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025