Comparing Cost of Revenue Efficiency: Ionis Pharmaceuticals, Inc. vs Agios Pharmaceuticals, Inc.

Biotech Giants' Cost Efficiency: A Decade in Review

__timestampAgios Pharmaceuticals, Inc.Ionis Pharmaceuticals, Inc.
Wednesday, January 1, 2014100371000241751000
Thursday, January 1, 2015141827000322292000
Friday, January 1, 2016220163000344320000
Sunday, January 1, 2017292681000374644000
Monday, January 1, 201813970001820000
Tuesday, January 1, 201913170004000000
Wednesday, January 1, 2020280500012000000
Friday, January 1, 20211877700011000000
Saturday, January 1, 2022170400014000000
Sunday, January 1, 202395040009133000
Monday, January 1, 20244165000
Loading chart...

In pursuit of knowledge

A Tale of Two Biotechs: Cost Efficiency in Focus

In the competitive world of biotechnology, cost efficiency can be a decisive factor for success. Ionis Pharmaceuticals, Inc. and Agios Pharmaceuticals, Inc. have been at the forefront of innovation, but how do they fare in managing their cost of revenue? From 2014 to 2023, Ionis consistently outpaced Agios, with an average cost of revenue nearly 70% higher. However, both companies saw significant fluctuations. Notably, in 2017, Ionis peaked with a cost of revenue of approximately $375 million, while Agios reached its zenith at $293 million. The subsequent years saw a dramatic reduction, with both companies reducing costs by over 90% by 2018. This trend highlights a strategic shift towards leaner operations. As the biotech landscape evolves, these insights into cost management could provide a competitive edge, offering lessons in financial prudence and operational efficiency.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025