BeiGene, Ltd. or Wave Life Sciences Ltd.: Who Manages SG&A Costs Better?

Comparing SG&A management in biotech giants BeiGene and Wave Life Sciences.

__timestampBeiGene, Ltd.Wave Life Sciences Ltd.
Wednesday, January 1, 201469300002999000
Thursday, January 1, 2015731100010393000
Friday, January 1, 20162009700015994000
Sunday, January 1, 20176260200026975000
Monday, January 1, 201819538500039509000
Tuesday, January 1, 201938824900048869000
Wednesday, January 1, 202060017600042510000
Friday, January 1, 202199012300046105000
Saturday, January 1, 2022127785200050513000
Sunday, January 1, 2023150450100051292000
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Cracking the code

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 financial health. BeiGene, Ltd. and Wave Life Sciences Ltd. offer a fascinating study in contrasts. Over the past decade, BeiGene's SG&A expenses have surged by over 21,000%, from approximately $7 million in 2014 to $1.5 billion in 2023. This reflects its aggressive expansion and investment in global operations. In contrast, Wave Life Sciences has maintained a more conservative growth, with SG&A costs increasing by about 1,600% over the same period, reaching around $51 million in 2023. This disparity highlights BeiGene's rapid scaling strategy compared to Wave's more measured approach. Investors and industry watchers should consider these trends when evaluating the operational efficiency and strategic direction of these companies.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025