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Leading emerging companies in Europe by R&D Expenditure

This month our power industry key list brings you the 15 largest emerging companies in Europe by R&D Expenditure, as ranked by GlobalData's Power Intelligence Centre. All numbers as of April 2020.

Company nameAnnual R&D Expenditure ($million)Headquarters locationNumber of employees

F. Hoffmann-La Roche Ltd

11,294Switzerland97,735

Novartis AG

8,681Switzerland103,914

Sanofi

6,951France104,226

Bayer AG

6,191Germany104,711

AstraZeneca Plc

5,266UK70,600

GlaxoSmithKline Plc

4,969UK99,437

Merck KGaA

2,621Germany52,140

Allergan Plc

2,266Ireland17,400

Novo Nordisk AS

2,148Denmark43,258

UCB SA

1,370Belgium7,495

Mylan NV

569UK35,000

H. Lundbeck AS

501Denmark5,569

Alkermes Plc

425Ireland2,300

Galapagos NV

381Belgium725

Idorsia Pharmaceutical Ltd

378Switzerland636

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