Breaking Down SG&A Expenses: Amgen Inc. vs CRISPR Therapeutics AG

Biotech Giants: Amgen vs. CRISPR's Financial Journey

__timestampAmgen Inc.CRISPR Therapeutics AG
Wednesday, January 1, 201446990000005114000
Thursday, January 1, 2015484600000013403000
Friday, January 1, 2016506200000031056000
Sunday, January 1, 2017487000000035845000
Monday, January 1, 2018533200000048294000
Tuesday, January 1, 2019515000000063488000
Wednesday, January 1, 2020573000000088208000
Friday, January 1, 20215368000000102802000
Saturday, January 1, 20225414000000102464000
Sunday, January 1, 2023617900000076162000
Monday, January 1, 2024709600000072977000
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Unveiling the hidden dimensions of data

A Tale of Two Biotechs: Amgen Inc. vs. CRISPR Therapeutics AG

In the ever-evolving landscape of biotechnology, understanding the financial dynamics of industry giants like Amgen Inc. and emerging innovators like CRISPR Therapeutics AG is crucial. Over the past decade, from 2014 to 2023, Amgen's Selling, General, and Administrative (SG&A) expenses have consistently dwarfed those of CRISPR Therapeutics. Amgen's expenses peaked in 2023, reaching nearly 32% higher than their 2014 levels, reflecting its expansive operations and market reach.

Conversely, CRISPR Therapeutics, a pioneer in gene-editing technology, has seen its SG&A expenses grow exponentially, increasing by over 1,300% since 2014. This surge underscores its rapid growth and the increasing costs associated with scaling innovative biotech solutions. As these companies navigate the complexities of the biotech sector, their financial strategies offer a window into their operational priorities and market positioning.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025