Cost Management Insights: SG&A Expenses for Bristol-Myers Squibb Company and BioMarin Pharmaceutical Inc.

SG&A Expense Trends: Bristol-Myers vs. BioMarin

__timestampBioMarin Pharmaceutical Inc.Bristol-Myers Squibb Company
Wednesday, January 1, 20143021560005699000000
Thursday, January 1, 20154022710005001000000
Friday, January 1, 20164765930005002000000
Sunday, January 1, 20175543360004849000000
Monday, January 1, 20186043530004551000000
Tuesday, January 1, 20196809240004871000000
Wednesday, January 1, 20207376690007661000000
Friday, January 1, 20217593750007690000000
Saturday, January 1, 20228540090007814000000
Sunday, January 1, 20239373000007772000000
Monday, January 1, 202410090250008414000000
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Data in motion

Navigating SG&A Expenses: A Tale of Two Pharmaceutical Giants

In the ever-evolving pharmaceutical landscape, effective cost management is crucial. Over the past decade, Bristol-Myers Squibb Company and BioMarin Pharmaceutical Inc. have demonstrated contrasting strategies in managing their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, BioMarin's SG&A expenses surged by over 200%, reflecting its aggressive expansion and investment in innovation. In contrast, Bristol-Myers Squibb maintained a more stable trajectory, with a modest 36% increase, peaking in 2022. This divergence highlights the strategic choices each company makes in balancing growth and operational efficiency. As the industry faces increasing pressure to innovate while controlling costs, these insights offer a glimpse into the financial strategies shaping the future of pharmaceuticals.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025