Cost Management Insights: SG&A Expenses for Iovance Biotherapeutics, Inc. and Amphastar Pharmaceuticals, Inc.

Biopharma SG&A Expenses: A Decade of Strategic Growth

__timestampAmphastar Pharmaceuticals, Inc.Iovance Biotherapeutics, Inc.
Wednesday, January 1, 2014403730009335772
Thursday, January 1, 20154697400012390000
Friday, January 1, 20164729800025602000
Sunday, January 1, 20175091800021262000
Monday, January 1, 20185804400028430000
Tuesday, January 1, 20196310900040849000
Wednesday, January 1, 20206515700060210000
Friday, January 1, 20216892000083664000
Saturday, January 1, 202266592000104097000
Sunday, January 1, 202380393000106916000
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Infusing magic into the data realm

Navigating SG&A Expenses: A Tale of Two Biopharma Companies

In the competitive landscape of biopharmaceuticals, effective cost management is crucial. Over the past decade, Amphastar Pharmaceuticals, Inc. and Iovance Biotherapeutics, Inc. have demonstrated distinct trajectories in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Amphastar's SG&A expenses grew by approximately 99%, reflecting a strategic expansion in operations. Meanwhile, Iovance's expenses surged by over 1,000%, indicating aggressive investment in growth and development.

Key Insights

  • Amphastar Pharmaceuticals: Starting at $40 million in 2014, their SG&A expenses reached $80 million by 2023, showcasing steady growth.
  • Iovance Biotherapeutics: With a modest $9 million in 2014, their expenses skyrocketed to $107 million in 2023, highlighting a bold approach to scaling operations.

These trends underscore the diverse strategies employed by biopharma companies in managing operational costs while pursuing innovation and market expansion.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025