Comparing SG&A Expenses: Axsome Therapeutics, Inc. vs Celldex Therapeutics, Inc. Trends and Insights

Biotech SG&A Expenses: Axsome vs. Celldex

__timestampAxsome Therapeutics, Inc.Celldex Therapeutics, Inc.
Wednesday, January 1, 2014139283020622000
Thursday, January 1, 2015241928933837000
Friday, January 1, 2016634364835979000
Sunday, January 1, 2017720669125003000
Monday, January 1, 2018935152219269000
Tuesday, January 1, 20191359803015426000
Wednesday, January 1, 20202889674914456000
Friday, January 1, 20216664620520488000
Saturday, January 1, 202215925366127195000
Sunday, January 1, 202332312300030914000
Monday, January 1, 2024411359000
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Data in motion

SG&A Expenses: A Tale of Two Biotechs

In the competitive world of biotechnology, managing operational costs is crucial for success. This analysis compares the Selling, General, and Administrative (SG&A) expenses of Axsome Therapeutics, Inc. and Celldex Therapeutics, Inc. over the past decade.

Axsome's Rapid Growth

Axsome Therapeutics has seen a staggering increase in SG&A expenses, growing from a modest $1.4 million in 2014 to over $323 million in 2023. This represents a growth of over 23,000%, reflecting the company's aggressive expansion and investment in its operations.

Celldex's Steady Path

In contrast, Celldex Therapeutics has maintained a more stable trajectory, with expenses peaking at $36 million in 2016 and stabilizing around $31 million by 2023. This steady approach may indicate a more conservative growth strategy.

Insights

The divergent paths of these companies highlight different strategic approaches in the biotech industry, with Axsome focusing on rapid expansion and Celldex opting for stability.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025