Cost Management Insights: SG&A Expenses for Blueprint Medicines Corporation and Viridian Therapeutics, Inc.

Biotech SG&A: Blueprint vs. Viridian's Financial Strategies

__timestampBlueprint Medicines CorporationViridian Therapeutics, Inc.
Wednesday, January 1, 201478900007751000
Thursday, January 1, 20151445600010251000
Friday, January 1, 2016192180009575000
Sunday, January 1, 20172798600010912000
Monday, January 1, 20184792800011049000
Tuesday, January 1, 20199638800011646000
Wednesday, January 1, 202015774300013265000
Friday, January 1, 202119529300025805000
Saturday, January 1, 202223737400035182000
Sunday, January 1, 202329514100094999000
Monday, January 1, 2024359272000
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Unleashing insights

Navigating SG&A Expenses: A Tale of Two Biotechs

In the competitive landscape of biotechnology, effective cost management is crucial. Blueprint Medicines Corporation and Viridian Therapeutics, Inc. offer a fascinating study in contrasts over the past decade. From 2014 to 2023, Blueprint Medicines saw a staggering 3,640% increase in Selling, General, and Administrative (SG&A) expenses, peaking at nearly $295 million in 2023. This reflects their aggressive expansion and investment in growth.

Conversely, Viridian Therapeutics, while also experiencing growth, maintained a more conservative trajectory, with SG&A expenses increasing by approximately 1,125% to $95 million in the same period. This strategic restraint may indicate a focus on sustainable scaling.

Understanding these trends provides valuable insights into how these companies navigate financial challenges and opportunities in the biotech sector, offering lessons in balancing growth with fiscal responsibility.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025