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This is the expense the company spent on research and development. Agenus Inc's research and development for the three months ended in Sep. 2016 was $21.59 Mil. Its research and development for the trailing twelve months (TTM) ended in Sep. 2016 was $86.94 Mil.
This is the expense the company spent on research and development.
Agenus Inc Research & Development for the trailing twelve months (TTM) ended in Sep. 2016 was 17.949 (Dec. 2015 ) + 25.038 (Mar. 2016 ) + 22.362 (Jun. 2016 ) + 21.588 (Sep. 2016 ) = $86.94 Mil.
If competitive advantage is created by a patent or tech advantage, at some point it will disappear.
High R&D usually dictates high SG&A which threatens the competitive advantage.
Agenus Inc Annual Data
|Research & Development||28.64||21.79||20.66||16.90||12.88||11.02||10.56||13.01||22.35||70.44|
Agenus Inc Quarterly Data
|Research & Development||5.22||5.29||7.37||9.22||24.77||18.50||17.95||25.04||22.36||21.59|