Arrowhead Pharmaceuticals, Inc. or Protagonist Therapeutics, Inc.: Who Manages SG&A Costs Better?

Biotech Giants: A Decade of SG&A Cost Management

__timestampArrowhead Pharmaceuticals, Inc.Protagonist Therapeutics, Inc.
Wednesday, January 1, 2014244195361860000
Thursday, January 1, 2015347180892963000
Friday, January 1, 2016409982096961000
Sunday, January 1, 20173202288011779000
Monday, January 1, 20181911005113697000
Tuesday, January 1, 20192655625715749000
Wednesday, January 1, 20205227589018638000
Friday, January 1, 20218098100027196000
Saturday, January 1, 202212443100031739000
Sunday, January 1, 20239093200033491000
Monday, January 1, 202498761000
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Managing SG&A Costs: A Tale of Two Biotech Firms

In the competitive world of biotechnology, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining financial health. Arrowhead Pharmaceuticals, Inc. and Protagonist Therapeutics, Inc. have shown contrasting approaches over the past decade. From 2014 to 2023, Arrowhead's SG&A expenses surged by approximately 300%, peaking in 2022. This increase reflects their aggressive expansion and investment in administrative capabilities. In contrast, Protagonist Therapeutics maintained a more conservative growth, with SG&A costs rising by about 170% over the same period. Notably, Protagonist's expenses remained consistently lower, suggesting a more controlled cost management strategy. However, data for 2024 is missing for Protagonist, leaving room for speculation on their future trajectory. As these companies navigate the biotech landscape, their differing strategies in managing SG&A costs offer valuable insights into their operational priorities and financial strategies.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025