Who Prioritizes Innovation? R&D Spending Compared for Vertex Pharmaceuticals Incorporated and CRISPR Therapeutics AG

Biotech Giants' R&D: Vertex vs. CRISPR

__timestampCRISPR Therapeutics AGVertex Pharmaceuticals Incorporated
Wednesday, January 1, 20141513000855506000
Thursday, January 1, 201512573000996170000
Friday, January 1, 2016422380001047690000
Sunday, January 1, 2017698000001324625000
Monday, January 1, 20181137730001416476000
Tuesday, January 1, 20191793620001754540000
Wednesday, January 1, 20202669460001829537000
Friday, January 1, 20214386330003051100000
Saturday, January 1, 20224616450002540300000
Sunday, January 1, 20233873320003162900000
Monday, January 1, 20243206530003630300000
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In pursuit of knowledge

Innovation in Biotech: A Decade of R&D Investment

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, Vertex Pharmaceuticals Incorporated and CRISPR Therapeutics AG have demonstrated contrasting approaches to R&D investment.

Vertex Pharmaceuticals, a leader in the field, has consistently increased its R&D spending, peaking at approximately $3.16 billion in 2023. This represents a nearly fourfold increase from 2014, underscoring their dedication to pioneering treatments. In contrast, CRISPR Therapeutics, a younger player in the market, has shown a remarkable growth trajectory, with R&D expenses rising from a modest $1.5 million in 2014 to around $387 million in 2023. This growth highlights their aggressive push to innovate in the gene-editing space.

These trends reflect the broader industry dynamics, where established firms and emerging disruptors alike are investing heavily to stay at the forefront of medical breakthroughs.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025