| __timestamp | Bristol-Myers Squibb Company | GSK plc |
|---|---|---|
| Wednesday, January 1, 2014 | 5699000000 | 8246000000 |
| Thursday, January 1, 2015 | 5001000000 | 9232000000 |
| Friday, January 1, 2016 | 5002000000 | 9366000000 |
| Sunday, January 1, 2017 | 4849000000 | 9672000000 |
| Monday, January 1, 2018 | 4551000000 | 9915000000 |
| Tuesday, January 1, 2019 | 4871000000 | 11402000000 |
| Wednesday, January 1, 2020 | 7661000000 | 11456000000 |
| Friday, January 1, 2021 | 7690000000 | 10975000000 |
| Saturday, January 1, 2022 | 7814000000 | 8372000000 |
| Sunday, January 1, 2023 | 7772000000 | 9385000000 |
| Monday, January 1, 2024 | 8414000000 |
In pursuit of knowledge
In the competitive landscape of the pharmaceutical industry, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Bristol-Myers Squibb Company and GSK plc, two titans in the field, have shown distinct approaches over the past decade. From 2014 to 2023, GSK consistently reported higher SG&A expenses, peaking in 2020 with a 14% increase from 2014. In contrast, Bristol-Myers Squibb demonstrated a more conservative approach, with expenses rising by approximately 36% over the same period. Notably, 2022 marked a pivotal year where Bristol-Myers Squibb's expenses surpassed GSK's, indicating a strategic shift. This data highlights the dynamic strategies employed by these companies in response to market pressures and operational demands. As the industry evolves, understanding these financial maneuvers offers valuable insights into corporate efficiency and strategic planning.
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