Free PDF available here Premise R&D productivity can be measured well enough to: 1) establish which companies are more or less productive than their peers; and 2) give some indication…
Returns on R&D Spending are Low v. Peers Merck’s economic returns to R&D spending (an enterprise-wide measure of R&D productivity that compares yr1 R&D spending to yr10 adjusted earnings)[i] exceeded…
As further context to widespread speculation regarding a potential PFE/AZN merger, we analyze trailing and current levels of R&D productivity at both firms, and also assess whether the theoretical NEWCO…
NVS’ R&D spending as a percent of sales is on par with its peer group (Exhibit 1), as are its economic returns to R&D spending (yr10 operating income / yr1…
On October 20, the Wall Street Journal published an interview with LLY’s CEO, addressing the question of whether LLY’s relatively high R&D spending versus peers (Exhibit 1) is warranted. With…