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TNMM

Research and development (Stem cell) — FY 2023-25

A TNMM benchmarking study covering Eastern Europe, MENA and Türkiye for FY 2023-25, based on 13 accepted comparables. Benchmark run Aug 2026.

Jurisdiction Eastern Europe, MENA, Türkiye
Method TNMM
Financial Year FY 2023-25
Industry 7211 - Research and experimental development on biotechnology
Profit level indicator Net cost plus (NCP) / Operating margin (OM)
Net cost plus (NCP) 13.35%
Operating margin (OM) 11.78%
Accepted comparables 13
Benchmark date Aug 2026
Report code SP-12
Last updated September 2026
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