Annual Revenue Comparison: Ligand Pharmaceuticals Incorporated vs Evotec SE

Biotech Revenue Battle: Evotec SE vs. Ligand Pharmaceuticals

__timestampEvotec SELigand Pharmaceuticals Incorporated
Wednesday, January 1, 20148949600064538000
Thursday, January 1, 201512767700071914000
Friday, January 1, 2016164507000108973000
Sunday, January 1, 2017257630000141102000
Monday, January 1, 2018375405000251453000
Tuesday, January 1, 2019446437000120282000
Wednesday, January 1, 2020500924000186419000
Friday, January 1, 2021618034000277133000
Saturday, January 1, 2022751448000196245000
Sunday, January 1, 2023781426000131314000
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Infusing magic into the data realm

A Decade of Growth: Ligand Pharmaceuticals vs. Evotec SE

In the competitive landscape of biotechnology, revenue growth is a key indicator of success. Over the past decade, Evotec SE has consistently outperformed Ligand Pharmaceuticals Incorporated in annual revenue. Starting in 2014, Evotec's revenue was approximately 39% higher than Ligand's. By 2023, this gap widened significantly, with Evotec's revenue being nearly six times that of Ligand's.

Revenue Trends

Evotec SE has shown a remarkable upward trajectory, with an average annual growth rate of around 20%. In contrast, Ligand Pharmaceuticals has experienced more modest growth, averaging about 10% annually. This divergence highlights Evotec's strategic positioning and market adaptability.

Key Insights

The data underscores the importance of innovation and strategic partnerships in the biotech sector. As Evotec continues to expand its global footprint, Ligand may need to reassess its strategies to remain competitive.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025