Comparing Cost of Revenue Efficiency: BioMarin Pharmaceutical Inc. vs Iovance Biotherapeutics, Inc.

Biotech Cost Efficiency: BioMarin vs. Iovance Over a Decade

__timestampBioMarin Pharmaceutical Inc.Iovance Biotherapeutics, Inc.
Wednesday, January 1, 20141297640009335772
Thursday, January 1, 2015152008000999000
Friday, January 1, 2016209620000978000
Sunday, January 1, 2017241786000952000
Monday, January 1, 2018315264000956000
Tuesday, January 1, 20193594660008122999
Wednesday, January 1, 20205242720008712000
Friday, January 1, 202147051500013980000
Saturday, January 1, 202248366900021135000
Sunday, January 1, 202357706500010755000
Monday, January 1, 2024580235000
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In pursuit of knowledge

A Decade of Cost Efficiency in Biotech: BioMarin vs. Iovance

In the ever-evolving world of biotechnology, cost efficiency is a critical metric for success. Over the past decade, BioMarin Pharmaceutical Inc. and Iovance Biotherapeutics, Inc. have showcased contrasting trajectories in managing their cost of revenue. From 2014 to 2023, BioMarin's cost of revenue surged by approximately 345%, reflecting its expansive growth and increased operational scale. In contrast, Iovance's cost of revenue remained relatively stable, with a modest increase of around 15% over the same period.

BioMarin's peak in 2023, with costs reaching nearly 578 million, underscores its aggressive market strategies and product development. Meanwhile, Iovance's consistent cost management, peaking at just over 21 million in 2022, highlights its focus on lean operations. This comparison not only illustrates the diverse strategies within the biotech sector but also emphasizes the importance of cost management in sustaining long-term growth.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025