Operating Expenses
Acquired in-process research and development
Pfizer Acquired in-process research and development decreased by 84.7% to $212.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 138.2%, from $89.00M to $212.00M. Over 4 years (FY 2021 to FY 2025), Acquired in-process research and development shows a downward trend with a -17.4% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryCapital Allocation
SignalContext dependent
VolatilityVolatile
First reportedQ1 2013
Last reportedQ4 2025
How to read this metric
High levels indicate an active inorganic growth strategy, while low levels suggest a focus on internal development.
Detailed definition
This metric captures the costs associated with acquiring research and development projects from third parties that have...
Peer comparison
Common in the pharmaceutical and biotech sectors where M&A is a primary strategy for pipeline replenishment.
Metric ID:
is_lly_acquired_in_process_research_and_developmentHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $219.00M | $762.00M | $2.47B | $355.00M | $1.00M | $524.00M | $73.00M | $21.00M | $33.00M | $67.00M | $73.00M | $0.00 | $6.00M | $13.00M | $89.00M | $9.00M | $2.00M | $1.39B | $212.00M |
| QoQ Change | — | +247.9% | +224.0% | -85.6% | -99.7% | >999% | -86.1% | -71.2% | +57.1% | +103.0% | +9.0% | -100.0% | — | +116.7% | +584.6% | -89.9% | -77.8% | >999% | -84.7% |
| YoY Change | — | — | — | — | -99.5% | -31.2% | -97.0% | -94.1% | >999% | -87.2% | +0.0% | -100.0% | -81.8% | -80.6% | +21.9% | — | -66.7% | >999% | +138.2% |
Range$0.00 – $2.47B
CAGR-0.7%
Avg YoY Growth+943.9%
Median YoY Growth-73.6%
Acquired in-process research and development at Other Companies
Frequently Asked Questions
- What is Pfizer's acquired in-process research and development?
- Pfizer (PFE) reported acquired in-process research and development of $212.00M in Q4 2025.
- How has Pfizer's acquired in-process research and development changed year-over-year?
- Pfizer's acquired in-process research and development increased by 138.2% year-over-year, from $89.00M to $212.00M.
- What is the long-term trend for Pfizer's acquired in-process research and development?
- Over 4 years (2021 to 2025), Pfizer's acquired in-process research and development has grown at a -17.4% compound annual growth rate (CAGR), from $3.47B to $1.61B.
- What does acquired in-process research and development mean?
- Costs paid to acquire unfinished research projects from other companies.