Bristol-Myers Squibb Company vs Iovance Biotherapeutics, Inc.: SG&A Expense Trends

Biopharma SG&A Trends: Giants vs. Innovators

__timestampBristol-Myers Squibb CompanyIovance Biotherapeutics, Inc.
Wednesday, January 1, 201456990000009335772
Thursday, January 1, 2015500100000012390000
Friday, January 1, 2016500200000025602000
Sunday, January 1, 2017484900000021262000
Monday, January 1, 2018455100000028430000
Tuesday, January 1, 2019487100000040849000
Wednesday, January 1, 2020766100000060210000
Friday, January 1, 2021769000000083664000
Saturday, January 1, 20227814000000104097000
Sunday, January 1, 20237772000000106916000
Monday, January 1, 20248414000000
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Unveiling the hidden dimensions of data

SG&A Expense Trends: A Tale of Two Biopharma Giants

In the ever-evolving landscape of biopharmaceuticals, understanding the financial strategies of industry leaders is crucial. Bristol-Myers Squibb Company, a titan in the field, has consistently demonstrated robust financial management. From 2014 to 2023, their Selling, General, and Administrative (SG&A) expenses have shown a steady increase, peaking at approximately $7.8 billion in 2022. This represents a 37% rise from their 2014 figures, reflecting strategic investments in marketing and administration.

Conversely, Iovance Biotherapeutics, Inc., a burgeoning player, has seen its SG&A expenses grow exponentially, from under $10 million in 2014 to over $106 million in 2023. This staggering increase of over 1,000% underscores their aggressive expansion and commitment to innovation. As these companies navigate the complexities of the biopharma sector, their SG&A trends offer a window into their strategic priorities and market positioning.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025