| __timestamp | Pfizer Inc. | Vertex Pharmaceuticals Incorporated |
|---|---|---|
| Wednesday, January 1, 2014 | 8393000000 | 855506000 |
| Thursday, January 1, 2015 | 7690000000 | 996170000 |
| Friday, January 1, 2016 | 7872000000 | 1047690000 |
| Sunday, January 1, 2017 | 7657000000 | 1324625000 |
| Monday, January 1, 2018 | 8006000000 | 1416476000 |
| Tuesday, January 1, 2019 | 8650000000 | 1754540000 |
| Wednesday, January 1, 2020 | 9405000000 | 1829537000 |
| Friday, January 1, 2021 | 13829000000 | 3051100000 |
| Saturday, January 1, 2022 | 11428000000 | 2540300000 |
| Sunday, January 1, 2023 | 10679000000 | 3162900000 |
| Monday, January 1, 2024 | 10930000000 | 3630300000 |
Igniting the spark of knowledge
In the ever-evolving pharmaceutical industry, research and development (R&D) spending is a key indicator of a company's commitment to innovation. Over the past decade, Pfizer Inc. and Vertex Pharmaceuticals Incorporated have demonstrated contrasting approaches to R&D investment. From 2014 to 2023, Pfizer's R&D expenses have consistently surpassed those of Vertex, peaking in 2021 with a 38% increase from 2020. This surge reflects Pfizer's aggressive strategy to maintain its competitive edge. Meanwhile, Vertex has shown a steady upward trend, with a notable 73% increase in R&D spending from 2014 to 2023, highlighting its focus on niche markets and specialized treatments. As the pharmaceutical landscape continues to shift, these spending patterns underscore the strategic priorities of each company, offering insights into their future trajectories.
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