Bristol-Myers Squibb Company or BioCryst Pharmaceuticals, Inc.: Who Manages SG&A Costs Better?

Comparing SG&A cost strategies in pharmaceuticals.

__timestampBioCryst Pharmaceuticals, Inc.Bristol-Myers Squibb Company
Wednesday, January 1, 201474610005699000000
Thursday, January 1, 2015130470005001000000
Friday, January 1, 2016112530005002000000
Sunday, January 1, 2017139330004849000000
Monday, January 1, 2018295140004551000000
Tuesday, January 1, 2019371210004871000000
Wednesday, January 1, 2020679290007661000000
Friday, January 1, 20211188180007690000000
Saturday, January 1, 20221593710007814000000
Sunday, January 1, 20232138940007772000000
Monday, January 1, 20248414000000
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Unveiling the hidden dimensions of data

SG&A Cost Management: A Tale of Two Companies

In the competitive pharmaceutical industry, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Bristol-Myers Squibb Company and BioCryst Pharmaceuticals, Inc. offer a fascinating comparison in this regard. Over the past decade, Bristol-Myers Squibb has consistently maintained higher SG&A expenses, averaging around $6 billion annually. In contrast, BioCryst Pharmaceuticals, with a more modest scale, has seen its SG&A costs grow from approximately $7 million in 2014 to over $200 million in 2023, marking a significant increase.

Despite the disparity in absolute numbers, the growth rate of BioCryst's SG&A expenses is noteworthy, reflecting its expansion efforts. Meanwhile, Bristol-Myers Squibb's expenses have remained relatively stable, indicating efficient cost management at a larger scale. This comparison highlights the different strategies employed by large and small pharmaceutical companies in managing operational costs.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025