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This is the expense the company spent on research and development. Amgen Inc's research and development for the three months ended in Sep. 2016 was $990 Mil. Its research and development for the trailing twelve months (TTM) ended in Sep. 2016 was $3,855 Mil.
This is the expense the company spent on research and development.
Amgen Inc Research & Development for the trailing twelve months (TTM) ended in Sep. 2016 was 1093 (Dec. 2015 ) + 872 (Mar. 2016 ) + 900 (Jun. 2016 ) + 990 (Sep. 2016 ) = $3,855 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.
Amgen Inc Annual Data
|Research & Development||3,366||3,266||3,030||2,864||2,894||3,167||3,380||4,083||4,297||4,070|
Amgen Inc Quarterly Data
|Research & Development||1,018||1,018||1,234||894||964||1,119||1,093||872||900||990|