| __timestamp | Cytokinetics, Incorporated | Rhythm Pharmaceuticals, Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 17268000 | 1213000 |
| Thursday, January 1, 2015 | 19667000 | 3425000 |
| Friday, January 1, 2016 | 27823000 | 6311000 |
| Sunday, January 1, 2017 | 36468000 | 9518000 |
| Monday, January 1, 2018 | 31282000 | 28080000 |
| Tuesday, January 1, 2019 | 39610000 | 36550000 |
| Wednesday, January 1, 2020 | 52820000 | 46125000 |
| Friday, January 1, 2021 | 96803000 | 68486000 |
| Saturday, January 1, 2022 | 177977000 | 92032000 |
| Sunday, January 1, 2023 | 173612000 | 117532000 |
Igniting the spark of knowledge
In the competitive world of biotechnology, managing operational costs is crucial. This analysis compares the Selling, General, and Administrative (SG&A) expenses of Cytokinetics, Incorporated and Rhythm Pharmaceuticals, Inc. over a decade, from 2014 to 2023. Cytokinetics has seen a staggering increase in SG&A expenses, growing by over 900% from 2014 to 2022, peaking at approximately $178 million in 2022. Meanwhile, Rhythm Pharmaceuticals, although starting with lower expenses, has also experienced significant growth, with a nearly 100-fold increase, reaching around $117 million in 2023. This trend highlights the escalating costs associated with scaling operations and advancing drug development. As both companies continue to innovate, understanding these financial dynamics offers valuable insights into their strategic priorities and market positioning.
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