Axsome Therapeutics, Inc. and Xenon Pharmaceuticals Inc.: SG&A Spending Patterns Compared

Biotech Giants: Axsome vs. Xenon SG&A Trends

__timestampAxsome Therapeutics, Inc.Xenon Pharmaceuticals Inc.
Wednesday, January 1, 201413928305496000
Thursday, January 1, 201524192899786000
Friday, January 1, 201663436486792000
Sunday, January 1, 201772066917313000
Monday, January 1, 201893515228382000
Tuesday, January 1, 20191359803010803000
Wednesday, January 1, 20202889674912944000
Friday, January 1, 20216664620521967000
Saturday, January 1, 202215925366132810000
Sunday, January 1, 202332312300046542000
Monday, January 1, 2024411359000
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SG&A Spending Trends in Biotech: Axsome vs. Xenon

In the dynamic world of biotechnology, understanding financial trends is crucial for investors and stakeholders. Over the past decade, Axsome Therapeutics, Inc. and Xenon Pharmaceuticals Inc. have shown distinct patterns in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Axsome's SG&A expenses skyrocketed by over 23,000%, reflecting its aggressive growth strategy. In contrast, Xenon's expenses increased by approximately 750%, indicating a more conservative approach. By 2023, Axsome's SG&A expenses were nearly seven times higher than Xenon's, highlighting its significant investment in operational expansion. This divergence in spending underscores the varied strategies within the biotech sector, where companies balance between rapid growth and sustainable development. As the industry evolves, these financial insights offer a glimpse into the strategic priorities shaping the future of biotech innovation.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025