BP spends on average 25% of revenue( and sometimes even more) on r&d
figures in $US for 22/23
Pfizer $100b
j&j $52b
merck $52b
novartis $50b
etc etc..
and they havent bought out IMU out yet!!? whats a lousy $5b when they are getting all IMUs IP
theyd be saving billions not doing it themselves and not forgetting saving on licencing agreements
Ann: CEO Presentation to the EGM, page-116
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