| __timestamp | Axsome Therapeutics, Inc. | Xenon Pharmaceuticals Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 1392830 | 5496000 |
| Thursday, January 1, 2015 | 2419289 | 9786000 |
| Friday, January 1, 2016 | 6343648 | 6792000 |
| Sunday, January 1, 2017 | 7206691 | 7313000 |
| Monday, January 1, 2018 | 9351522 | 8382000 |
| Tuesday, January 1, 2019 | 13598030 | 10803000 |
| Wednesday, January 1, 2020 | 28896749 | 12944000 |
| Friday, January 1, 2021 | 66646205 | 21967000 |
| Saturday, January 1, 2022 | 159253661 | 32810000 |
| Sunday, January 1, 2023 | 323123000 | 46542000 |
| Monday, January 1, 2024 | 411359000 |
Unlocking the unknown
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.
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