Breaking Down SG&A Expenses: Blueprint Medicines Corporation vs Verona Pharma plc

Biotech Giants' SG&A Expenses: A Decade of Divergence

__timestampBlueprint Medicines CorporationVerona Pharma plc
Wednesday, January 1, 201478900001802274
Thursday, January 1, 2015144560002512761
Friday, January 1, 2016192180002894488
Sunday, January 1, 2017279860008096274
Monday, January 1, 2018479280007985229
Tuesday, January 1, 2019963880008994597
Wednesday, January 1, 202015774300029772000
Friday, January 1, 202119529300033907000
Saturday, January 1, 202223737400026579000
Sunday, January 1, 202329514100049868547
Monday, January 1, 2024359272000
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Unleashing the power of data

A Tale of Two Biotechs: SG&A Expenses Over Time

In the competitive world of biotechnology, managing expenses is crucial for success. Blueprint Medicines Corporation and Verona Pharma plc, two prominent players, have shown contrasting trends in their Selling, General, and Administrative (SG&A) expenses from 2014 to 2023. Blueprint Medicines has seen a staggering increase of over 3,600% in SG&A expenses, peaking at nearly $295 million in 2023. This reflects their aggressive expansion and investment in growth. In contrast, Verona Pharma's SG&A expenses have grown by approximately 2,670%, reaching nearly $50 million in the same year. This more conservative increase suggests a strategic focus on sustainable growth. These trends highlight the diverse strategies within the biotech sector, where companies balance between rapid expansion and steady progress. Understanding these financial dynamics offers valuable insights into the operational priorities and future trajectories of these innovative firms.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025