| __timestamp | Evotec SE | Summit Therapeutics Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 12404000 | 15635076 |
| Thursday, January 1, 2015 | 18343000 | 23943601 |
| Friday, January 1, 2016 | 18108000 | 23689111 |
| Sunday, January 1, 2017 | 17614000 | 41006114 |
| Monday, January 1, 2018 | 35619000 | 51379106 |
| Tuesday, January 1, 2019 | 58432000 | 32705593 |
| Wednesday, January 1, 2020 | 63945000 | 53274000 |
| Friday, January 1, 2021 | 72200000 | 85352000 |
| Saturday, January 1, 2022 | 76642000 | 51999000 |
| Sunday, January 1, 2023 | 57519000 | 59471000 |
Infusing magic into the data realm
In the ever-evolving world of biotechnology, research and development (R&D) spending is a key indicator of a company's commitment to innovation. Over the past decade, Summit Therapeutics Inc. and Evotec SE have demonstrated varying levels of investment in R&D, reflecting their strategic priorities. From 2014 to 2023, Summit Therapeutics Inc. consistently allocated a significant portion of its resources to R&D, peaking in 2021 with a 47% increase compared to 2014. Meanwhile, Evotec SE showed a steady upward trend, with a notable 518% growth in R&D spending over the same period. This data highlights the dynamic nature of the biotech industry, where companies must balance innovation with financial sustainability. As we look to the future, these trends may offer insights into which companies are poised to lead in groundbreaking therapies and technologies.
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