10 Global Companies Which Invest Most in R&D
Roche
Roche is on the third place with a spending of $9.6 billion in R&D. It is a Swiss company with operating heath care centers globally. The company has two main sections for health assistance, pharmaceutical and diagnostics. The company was founded in 1896, when it was known for the production of wide range of vitamins and derivatives. It has centers for research all over the world. It is a recognized member of the European Federation of pharmaceutical Industries and Association (EEPIA).
Pfizer
With $9.5 billion spent in R&D, Pfizer it is the fourth mega company to invest a major amount in research and development. It is an American corporation in the pharmaceutical industry. By revenue it is world’s largest pharmaceutical company. It was found in 1849 in New York for manufacturing fine medicines, mostly chemicals back then. The company now develops and manufactures variety of medicines and vaccines. In 2009 September, due to the illegal sale of the arthritis drug Bextra Pfizer pleaded guilty and paid $203 billion in settlement, the biggest healthcare fraud settlement ever until 2009.
