| __timestamp | BioMarin Pharmaceutical Inc. | Bristol-Myers Squibb Company |
|---|---|---|
| Wednesday, January 1, 2014 | 302156000 | 5699000000 |
| Thursday, January 1, 2015 | 402271000 | 5001000000 |
| Friday, January 1, 2016 | 476593000 | 5002000000 |
| Sunday, January 1, 2017 | 554336000 | 4849000000 |
| Monday, January 1, 2018 | 604353000 | 4551000000 |
| Tuesday, January 1, 2019 | 680924000 | 4871000000 |
| Wednesday, January 1, 2020 | 737669000 | 7661000000 |
| Friday, January 1, 2021 | 759375000 | 7690000000 |
| Saturday, January 1, 2022 | 854009000 | 7814000000 |
| Sunday, January 1, 2023 | 937300000 | 7772000000 |
| Monday, January 1, 2024 | 1009025000 | 8414000000 |
In pursuit of knowledge
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.
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