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This is the expense the company spent on research and development. Novo Nordisk A/S's research and development for the three months ended in Sep. 2014 was $622 Mil. Its research and development for the trailing twelve months (TTM) ended in Sep. 2014 was $2,417 Mil.
This is the expense the company spent on research and development.
Novo Nordisk A/S Research & Development for the trailing twelve months (TTM) ended in Sep. 2014 was 650.848695017 (Dec. 2013 ) + 586.015538291 (Mar. 2014 ) + 558.106611975 (Jun. 2014 ) + 622.243413995 (Sep. 2014 ) = $2,417 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.
Novo Nordisk A/S Annual Data
|Research & Development||773||825||1,101||1,691||1,399||1,507||1,722||1,672||1,943||2,141|
Novo Nordisk A/S Quarterly Data
|Research & Development||423||455||572||464||476||511||651||586||558||622|