Comparing SG&A Expenses: Madrigal Pharmaceuticals, Inc. vs Veracyte, Inc. Trends and Insights

Biotech Giants' SG&A Expenses: A Decade of Growth and Strategy

__timestampMadrigal Pharmaceuticals, Inc.Veracyte, Inc.
Wednesday, January 1, 20141574600040786000
Thursday, January 1, 20151339200047876000
Friday, January 1, 2016929000052035000
Sunday, January 1, 2017767200055348000
Monday, January 1, 20181529300065276000
Tuesday, January 1, 20192264800082720000
Wednesday, January 1, 20202186400089118000
Friday, January 1, 202137318000181193000
Saturday, January 1, 202248130000174078000
Sunday, January 1, 2023108146000184232000
Loading chart...

Unleashing insights

SG&A Expenses: A Tale of Two Biotech Companies

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 Madrigal Pharmaceuticals, Inc. and Veracyte, Inc. over the past decade. From 2014 to 2023, Veracyte consistently outspent Madrigal, with its SG&A expenses peaking at approximately $184 million in 2023, a 350% increase from 2014. Meanwhile, Madrigal's expenses surged by nearly 590% during the same period, reaching around $108 million in 2023. This trend highlights Veracyte's aggressive market expansion and Madrigal's rapid growth trajectory. Understanding these financial dynamics offers valuable insights into each company's strategic priorities and operational efficiencies. As the biotech industry evolves, monitoring such financial metrics will be key to predicting future market leaders.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025