Johnson & Johnson spent a whopping $7.55 billion, coming in second behind eye care-developer Alcon, which spent more than $9.5 billion. Meanwhile, Medtronic spent a reported $1.5 billion.
The average amount spent on research and development projects last year was $540 million.
Medtronic, Johnson & Johnson in Top 10 Highest R&D Spenders FeaturedWritten by Jaimie Oh | August 16, 2012
Johnson & Johnson and Medtronic are among the top 10 medical devices that spent the most on research and development efforts in 2011, according to a Mass Device analysis.
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