Cumulative biopharmaceutical R&D expenditure

PhRMA member companies have invested over $1 trillion dollars in R&D since 2000, establishing the biopharmaceutical sector as the most R&D-intensive industry in the U.S. economy.

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APA

PhRMA. (2025). Research & Development. Retrieved September 17, 2026, from https://phrma.org/policy-issues/research-development. Via StatOrigin, https://statorigin.org/stat/stat_C9H3H7G4QK2418S8SH3H1NE64T

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MLA

PhRMA. "Research & Development." 2025, https://phrma.org/policy-issues/research-development. Accessed 17 Sept. 2026 via StatOrigin, https://statorigin.org/stat/stat_C9H3H7G4QK2418S8SH3H1NE64T.

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Chicago

PhRMA. "Research & Development." 2025. https://phrma.org/policy-issues/research-development. Accessed September 17, 2026. Cited from StatOrigin, https://statorigin.org/stat/stat_C9H3H7G4QK2418S8SH3H1NE64T.

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BibTeX

@misc{phrma2025cumulative1ne64t, author = {{PhRMA}}, title = {Research \& Development}, year = {2025}, howpublished = {StatOrigin, https://statorigin.org}, url = {https://statorigin.org/stat/stat_C9H3H7G4QK2418S8SH3H1NE64T}, note = {Original source: https://phrma.org/policy-issues/research-development. Accessed September 17, 2026.} }

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Record last modified 17 September 2026. Value type: actual. Update cadence: annual. This page is permanently addressable at statorigin.org/stat/stat_C9H3H7G4QK2418S8SH3H1NE64T.