One important way of determining how hard a medical device company is working to come up with the next great product is to look at research and development spending.
Of course, a straight dollar ranking clearly favors the state’s largest firms, with Boston Scientific (NYSE: BSX) and Thermo Fisher (NYSE: TMO) coming out on top. To compensate for the vast differences in sizes of local companies, a better way is to calculate R&D spending as a percentage of revenues (I did this last month with biotech firms).
Hey, check out all the engineering jobs. Post your resume today!
