Comparing SG&A Expenses: CymaBay Therapeutics, Inc. vs Xenon Pharmaceuticals Inc. Trends and Insights

Biotech SG&A Expenses: CymaBay vs. Xenon, 2014-2023

__timestampCymaBay Therapeutics, Inc.Xenon Pharmaceuticals Inc.
Wednesday, January 1, 201481850005496000
Thursday, January 1, 201588710009786000
Friday, January 1, 201696450006792000
Sunday, January 1, 2017123870007313000
Monday, January 1, 2018143810008382000
Tuesday, January 1, 20191923800010803000
Wednesday, January 1, 20201742500012944000
Friday, January 1, 20212304000021967000
Saturday, January 1, 20222511600032810000
Sunday, January 1, 20235195300046542000
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Unveiling the hidden dimensions of data

SG&A Expenses: A Tale of Two Biotech Innovators

In the competitive world of biotechnology, managing operational costs is crucial. This analysis compares the Selling, General, and Administrative (SG&A) expenses of CymaBay Therapeutics, Inc. and Xenon Pharmaceuticals Inc. from 2014 to 2023. Over this period, CymaBay's SG&A expenses surged by over 500%, peaking at $51.95 million in 2023. Meanwhile, Xenon Pharmaceuticals saw a similar upward trend, with expenses increasing by approximately 750%, reaching $46.54 million in the same year.

Key Insights

  • 2014-2018: Both companies maintained relatively stable SG&A expenses, with CymaBay slightly ahead.
  • 2019-2023: A significant rise in expenses is observed, reflecting strategic investments in growth and development.

This financial trajectory highlights the dynamic nature of the biotech sector, where strategic spending can be a catalyst for innovation and market leadership.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025