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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 Mar. 2016 was $1,731 Mil. Its research and development for the trailing twelve months (TTM) ended in Mar. 2016 was $7,535 Mil.
This is the expense the company spent on research and development.
Pfizer Inc Research & Development for the trailing twelve months (TTM) ended in Mar. 2016 was 1734 (Jun. 2015 ) + 1722 (Sep. 2015 ) + 2348 (Dec. 2015 ) + 1731 (Mar. 2016 ) = $7,535 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||7,599||8,089||7,945||7,913||9,413||9,112||7,870||6,678||8,393||7,690|
Pfizer Inc Quarterly Data
|Research & Development||1,811||1,623||1,759||1,802||3,209||1,885||1,734||1,722||2,348||1,731|