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Leading global companies by R&D expenditure

This month our new pharma key list brings you the 15 largest companies globally by R&D expenditure as ranked by GlobalData's Pharmaceuticals Intelligence Centre. All numbers as of November 2019.

Company nameAnnual revenue ($million)Headquarters location
F. Hoffmann-La Roche Ltd11,294Switzerland
Johnson & Johnson10,775USA
AbbVie Inc10,329USA
Merck & Co Inc9,600
USA
Novartis AG8,681
Switzerland
Pfizer Inc8,006USA
Sanofi6,951France
Bayer AG6,191Germany
Celgene Corp5,673USA
Eli Lilly and Co5,307USA
AstraZeneca Plc5,266
UK
Bristol-Myers Squibb Co5,052USA
GlaxoSmithKline Plc4,969UK
Gilead Sciences Inc4,846USA
Amgen Inc3,737USA

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