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This is the expense the company spent on research and development. Pfizer Inc's research and development for the three months ended in Dec. 2014 was $3,209 Mil. Its research and development for the trailing twelve months (TTM) ended in Dec. 2014 was $8,393 Mil.
This is the expense the company spent on research and development.
Pfizer Inc Research & Development for the trailing twelve months (TTM) ended in Dec. 2014 was 1623 (Mar. 2014 ) + 1759 (Jun. 2014 ) + 1802 (Sep. 2014 ) + 3209 (Dec. 2014 ) = $8,393 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.
Pfizer Inc Annual Data
|Research & Development||7,256||7,599||8,089||8,578||7,845||9,483||9,074||7,482||6,678||8,393|
Pfizer Inc Quarterly Data
|Research & Development||1,887||2,021||1,710||1,530||1,627||1,811||1,623||1,759||1,802||3,209|