| __timestamp | Jazz Pharmaceuticals plc | Teva Pharmaceutical Industries Limited |
|---|---|---|
| Wednesday, January 1, 2014 | 85181000 | 1488000000 |
| Thursday, January 1, 2015 | 135253000 | 1525000000 |
| Friday, January 1, 2016 | 162297000 | 2111000000 |
| Sunday, January 1, 2017 | 198442000 | 1848000000 |
| Monday, January 1, 2018 | 226616000 | 1213000000 |
| Tuesday, January 1, 2019 | 299726000 | 1010000000 |
| Wednesday, January 1, 2020 | 335375000 | 997000000 |
| Friday, January 1, 2021 | 505748000 | 967000000 |
| Saturday, January 1, 2022 | 590453000 | 838000000 |
| Sunday, January 1, 2023 | 849658000 | 953000000 |
| Monday, January 1, 2024 | 998000000 |
Igniting the spark of knowledge
In the ever-evolving pharmaceutical industry, innovation is the key to staying ahead. Over the past decade, Teva Pharmaceutical Industries Limited and Jazz Pharmaceuticals plc have demonstrated contrasting approaches to research and development (R&D) spending. From 2014 to 2023, Teva consistently invested more in R&D, peaking in 2016 with a 2.1 billion USD expenditure. However, Jazz Pharmaceuticals has shown a remarkable growth trajectory, increasing its R&D spending by nearly 900% from 2014 to 2023. This surge reflects Jazz's commitment to innovation, closing the gap with Teva, whose R&D spending decreased by about 36% over the same period. As the pharmaceutical landscape continues to shift, these trends highlight the strategic priorities of each company, with Jazz emerging as a dynamic player in the race for innovation.
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