Cost Management Insights: SG&A Expenses for Ionis Pharmaceuticals, Inc. and Galapagos NV

Biotech SG&A Trends: Ionis vs. Galapagos (2014-2023)

__timestampGalapagos NVIonis Pharmaceuticals, Inc.
Wednesday, January 1, 2014907900020140000
Thursday, January 1, 20152030900037173000
Friday, January 1, 20161694500048616000
Sunday, January 1, 201720559000108488000
Monday, January 1, 201829641000244622000
Tuesday, January 1, 201988258000287000000
Wednesday, January 1, 2020162170000354000000
Friday, January 1, 2021167218000186000000
Saturday, January 1, 2022239528000151000000
Sunday, January 1, 202394252000232600000
Monday, January 1, 2024267474000
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Cracking the code

Cost Management Insights: SG&A Expenses for Ionis Pharmaceuticals, Inc. and Galapagos NV

In the competitive landscape of biotechnology, effective cost management is crucial for sustaining growth and innovation. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of Ionis Pharmaceuticals, Inc. and Galapagos NV from 2014 to 2023. Over this period, Ionis Pharmaceuticals consistently outpaced Galapagos NV in SG&A spending, peaking in 2020 with expenses nearly 120% higher than Galapagos NV. However, by 2022, Galapagos NV's SG&A expenses surged, reaching 159% of their 2014 levels, indicating a strategic shift in their operational focus. Meanwhile, Ionis Pharmaceuticals saw a reduction in SG&A expenses by 2022, reflecting a potential optimization in their cost structure. This trend highlights the dynamic nature of financial strategies within the biotech sector, where companies must balance operational costs with the pursuit of groundbreaking therapies.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025