Top 10 Pharma Companies in the US in 2021 by R&D Expenditure

Johnson & Johnson, Pfizer Inc, Merck & Co Inc, Bristol-Myers Squibb Co, and Eli Lilly and Co are the top 5 pharma companies in the US in 2021 by R&D Expenditure. Cumulatively, the top pharma companies in the US employed a total of 464,478 people in 2021. The United States of America-based Merck & Co Inc Ltd is the leading pharma company in 2021 by R&D expenditure. The company reported revenues of $48,704 million for the fiscal year ended December 2021 (FY2021), an increase of 17.3% over FY2020, due to the result of higher sales of Livestock products owing to higher demand for swine and aqua products. It is a biopharmaceutical company focused on the discovery, development, manufacturing, and marketing of prescription medicines, biologic therapies, vaccines, and animal health products. It offers prescription products for therapy areas related to cardiovascular, cancer, immune disorders, infectious, respiratory, and women's diseases, and diabetes. As of December 31, 2021, the company has approximately 17,500 people engaged in R&D activities and employs 68,000 people. Johnson & Johnson is one of the leading pharma Companies in the US in 2021 by R&D expenditure. The company reported revenues of $93,775 million for the fiscal year ended January 2021 (FY2021), an increase of 13.6% over FY2020. It develops products related to human health and well-being. It undertakes the research and development, and manufacture and sale of a broad range of pharmaceuticals, medical devices and consumer healthcare products. The company classifies its business into three segments, Consumer Health, Pharmaceutical, and Medical Devices, and conducts its business through more than 260 operating companies in over 60 countries globally and employs 141,700 people.