Merck & Co - expenditure on research and development 2006-2019

American pharmaceutical company Merck & Co. increased its research and development (R&D) expenses slightly from approximately 9.75 billion U.S. dollars in 2018 to 9.87 billion U.S. dollars in the last year.

Finding a cure for rising research costs

To increase the quality of its innovation, Merck & Co. has entered into arrangements with other companies, and lower payments made to its collaborative partners was one reason for the reduction in R&D costs in 2018. In the search for the next groundbreaking medicine, collaborations allow companies to share resources and increase expertise. In 2019, Merck & Co. had approximately 71,000 employees worldwide, with around one fifth employed in research activities.

How much does the pharma industry spend on research?

Merck & Co. is a member of the trade group PhRMA (Pharmaceutical Research and Manufacturers of America). Members of the group spent a collective 79.6 billion U.S. dollars on R&D in 2018, with expenditure within the United States accounting for a share of 78 percent . The pharmaceutical industry is one of the biggest investors in R&D: PhRMA members spent around 19.5 percent of their consolidated worldwide revenues on R&D in 2018.

Merck & Co.'s expenditure on research and development from 2006 to 2019

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Source

Release date

February 2020

Region

Worldwide

Survey time period

2006 to 2019

Supplementary notes

Values for 2006-2014 were taken from previous annual financial reports.

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