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As of May 2026, the Idafang product was the most valuable research and development project in the pharmaceutical industry worldwide, based on its net present value (NPV) of over ** billion U.S. dollars.
In 2025, global pharmaceutical industry expenditures for research and development amounted to *** billion U.S. dollars. Total global R&D expenditures have been increasing with each consecutive year since 2012. Some of 2024’s leading pharmaceutical companies, in terms of R&D spending, included Merck, Roche, and Johnson & Johnson.
Pfizer is one of the world’s largest pharmaceutical corporations. Based in New York City, the American company generates a considerable amount of its revenue in the United States. In 2025, Pfizer earned some ** billion U.S. dollars’ worth of revenue in its U.S. submarket, and around *** billion in emerging markets.
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R&D overview
Top R&D companies
Costs and market
Approvals, launches, setbacks
Clinical studies
Countries and regions
Increasing impact of AI
* For commercial use only
Basic Account
Starter Account
The statistic on this page is a Premium Statistic and is included in this account.
Professional Account
1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.
