Breaking Down SG&A Expenses: Ligand Pharmaceuticals Incorporated vs Novavax, Inc.

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

__timestampLigand Pharmaceuticals IncorporatedNovavax, Inc.
Wednesday, January 1, 20142257000019928000
Thursday, January 1, 20152437800030842000
Friday, January 1, 20162662100046527000
Sunday, January 1, 20172865300034451000
Monday, January 1, 20183773400034409000
Tuesday, January 1, 20194188400034417000
Wednesday, January 1, 202064435000145290000
Friday, January 1, 202157483000298358000
Saturday, January 1, 202270062000488691000
Sunday, January 1, 202352790000468946000
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Cracking the code

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

In the competitive world of biotechnology, managing Selling, General, and Administrative (SG&A) expenses is crucial for sustaining growth and innovation. Ligand Pharmaceuticals Incorporated and Novavax, Inc. have shown contrasting trends in their SG&A expenses from 2014 to 2023. Ligand's expenses grew steadily, peaking in 2022 with a 210% increase from 2014. Meanwhile, Novavax experienced a dramatic surge, with expenses skyrocketing by over 2,300% during the same period, reflecting its aggressive expansion and development strategies. Notably, 2020 marked a pivotal year for Novavax, with expenses more than tripling, likely due to its COVID-19 vaccine efforts. By 2023, Novavax's SG&A expenses were nearly nine times higher than Ligand's, highlighting divergent paths in financial management. This analysis underscores the importance of strategic expense management in the biotech sector, where innovation and fiscal prudence must go hand in hand.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025