| __timestamp | Insmed Incorporated | Novartis AG |
|---|---|---|
| Wednesday, January 1, 2014 | 31073000 | 14993000000 |
| Thursday, January 1, 2015 | 43216000 | 14247000000 |
| Friday, January 1, 2016 | 50679000 | 14192000000 |
| Sunday, January 1, 2017 | 79171000 | 14997000000 |
| Monday, January 1, 2018 | 168218000 | 16471000000 |
| Tuesday, January 1, 2019 | 210796000 | 14369000000 |
| Wednesday, January 1, 2020 | 203613000 | 14197000000 |
| Friday, January 1, 2021 | 234273000 | 14886000000 |
| Saturday, January 1, 2022 | 265784000 | 14253000000 |
| Sunday, January 1, 2023 | 344501000 | 12489000000 |
| Monday, January 1, 2024 | 12566000000 |
Data in motion
In the world of pharmaceuticals, understanding the financial health of companies is crucial. Over the past decade, Novartis AG and Insmed Incorporated have shown contrasting trends in their Selling, General, and Administrative (SG&A) expenses. Novartis, a global leader, has seen a steady decline in its SG&A expenses, dropping from approximately $15 billion in 2014 to $12.5 billion in 2023. This represents a 17% reduction, reflecting strategic cost management. In contrast, Insmed, a smaller biotech firm, has experienced a dramatic increase in its SG&A expenses, skyrocketing by over 1,000% from $31 million in 2014 to $345 million in 2023. This surge highlights Insmed's aggressive expansion and investment in growth. These trends offer a fascinating glimpse into the strategic priorities of these companies, with Novartis focusing on efficiency and Insmed on growth.
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