#20. Merck KGaA
2013 R&D spending: $1.638 billion (€1.183 billion)1
2012 R&D spending: $1.644 billion (€1.187 billion)1
% Change: -0.3%#19. Astellas Pharma
2013 R&D spending: $1.771 billion (¥182.000 billion)
2012 R&D spending: $1.846 billion (¥189.800 billion)
% Change: -4.1%#18. Daiichi Sankyo
2013 R&D spending: $1.777 billion (¥183.047 billion)
2012 R&D spending: $1.796 billion (¥185.052 billion)
% Change: -1.1%#17. Gilead Sciences
2013 R&D spending: $2.120 billion
2012 R&D spending: $1.760 billion
% Change: 20.5%#16. Novo Nordisk
2013 R&D spending: $2.178 billion (DKK 11.733 billion)
2012 R&D spending: $2.023 billion (DKK 10.897 billion)
% Change: 7.7%#15. Celgene
2013 R&D spending: $2.226 billion
2012 R&D spending: $1.724 billion
% Change: 29.1%#14. Bayer
2013: R&D spending: $2.291 billion (€1.654 billion)2
2012: R&D spending: $2.162 billion (€1.561 billion)2
% Change: 6.0%#13. AbbVie3
2013 R&D spending: $2.855 billion3
2012 R&D spending: $2.778 billion3
% Change: 2.8%#12. Takeda Pharmaceutical
2013 R&D spending: $3.148 billion (¥324.292 billion)
2012 R&D spending: $2.737 billion (¥281.885 billion)
% Change: 15.0%#11. Bristol-Myers Squibb
2013 R&D spending: $3.731 billion
2012 R&D spending: $3.904 billion
% Change: -4.4%#10. Amgen
2013 R&D spending: $3.929 billion
2012 R&D spending: $3.296 billion
% Change: 19.2%#9. AstraZeneca
2013 R&D spending: $4.821 billion
2012 R&D spending: $5.243 billion4
% Change: 13.7%#8. Eli Lilly
2013 R&D spending: $5.531 billion
2012 R&D spending: $5.278 billion
% Change: 4.8%#7. GlaxoSmithKline
2013 R&D spending: $6.518 billion (£3.923 billion)
2012 R&D spending: $6.611 billion (£3.979 billion)5
% Change: -1.4%#6. Sanofi
2013 R&D spending: $6.608 billion (€4.770 billion)
2012 R&D spending: $6.818 billion (€4.922 billion)
% Change: -3.1%#5. Pfizer
2013 R&D spending: $6.678 billion
2012 R&D spending: $7.482 billion6
% Change: -10.7%#4. Merck & Co.
2013 R&D spending: $7.503 billion
2012 R&D spending: $8.168 billion
% Change: -8.1%#3. Johnson & Johnson
2013 R&D spending: $8.183 billion
2012 R&D spending: $7.665 billion
% Change: 6.8%#2. Novartis
2013 R&D spending: $9.852 billion
2012 R&D spending: $9.332 billion
% Change: 5.6%#1. Roche
2013 R&D spending: $9.910 billion (CHF 8.700 billion)
2012 R&D spending: $9.654 billion (CHF 8.475 billion)
% Change: 2.7%
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