Amgen Inc. vs Iovance Biotherapeutics, Inc.: SG&A Expense Trends

Biotech Giants: SG&A Expense Evolution from 2014 to 2023

__timestampAmgen Inc.Iovance Biotherapeutics, Inc.
Wednesday, January 1, 201446990000009335772
Thursday, January 1, 2015484600000012390000
Friday, January 1, 2016506200000025602000
Sunday, January 1, 2017487000000021262000
Monday, January 1, 2018533200000028430000
Tuesday, January 1, 2019515000000040849000
Wednesday, January 1, 2020573000000060210000
Friday, January 1, 2021536800000083664000
Saturday, January 1, 20225414000000104097000
Sunday, January 1, 20236179000000106916000
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Cracking the code

SG&A Expense Trends: Amgen Inc. vs Iovance Biotherapeutics, Inc.

In the ever-evolving landscape of the biotechnology sector, understanding the financial dynamics of key players is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of Amgen Inc. and Iovance Biotherapeutics, Inc. from 2014 to 2023. Over this period, Amgen's SG&A expenses have shown a steady increase, peaking at approximately $6.2 billion in 2023, marking a 31% rise from 2014. In contrast, Iovance Biotherapeutics, Inc. has experienced a more dramatic growth trajectory, with expenses surging by over 1,000% from 2014 to 2023, reaching around $107 million. This stark contrast highlights the differing scales and growth strategies of these companies. While Amgen's expenses reflect its established market presence, Iovance's rapid increase underscores its aggressive expansion efforts in the competitive biotech arena.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025