Research & development spending on drug development in the U.S. 2023

Published by
Matej Mikulic,
Dec 16, 2024

This statistic displays the share of research and development spending on the phases of pharmaceutical drug development in U.S. companies, among PhRMA members, in 2023. The largest share of R&D spending, nearly 44 percent, goes towards clinical trials, inclusive of phase I to phase III trials.

Distribution of research and development spending among U.S. companies in 2023

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Release date

December 2024

Region

United States

Survey time period

2023

Special properties

PhRMA members

Supplementary notes

PhRMA = Pharmaceutical Research and Manufacturers of America.
Percentage points missing/exceeding 100 percent are probably due to rounding.

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