How is R&D spending affecting Biotech company growth?

2 min read

Biotech companies are the biggest Research and Development spenders proportional to their revenue numbers. As of 2019, many of the largest pharmaceutical firms spend nearly 20% on R&D. Of the 20 largest R&D spending industries in the world, the pharmaceutical industry makes up nearly half the list. But does the R&D spending have an effect on revenue growth? This article finds if an increasing R&D spending account to an increase in revenue and vice versa.  First of all, does R&D spending correlate with revenue in the first place? The companies in the Global Innovation 1000 spent about 750 billion dollars…...

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Mertcan Coskun Data scientist with experience in building supervised models. I value the technical tools of data science as much as the business development aspect of it. I have had the opportunity to build machine learning projects from start to end where I had hands on experience with building and tuning ML models using industry standard tools.