Cost Management Insights: SG&A Expenses for Neurocrine Biosciences, Inc. and Ultragenyx Pharmaceutical Inc.

Biotech SG&A Expenses: A Decade of Strategic Growth

__timestampNeurocrine Biosciences, Inc.Ultragenyx Pharmaceutical Inc.
Wednesday, January 1, 20141798600010811000
Thursday, January 1, 20153248000033001000
Friday, January 1, 20166808100064936000
Sunday, January 1, 201716990600099909000
Monday, January 1, 2018248932000127724000
Tuesday, January 1, 2019354100000161524000
Wednesday, January 1, 2020433300000182933000
Friday, January 1, 2021583300000219982000
Saturday, January 1, 2022752700000278139000
Sunday, January 1, 2023887600000309799000
Monday, January 1, 20241007200000
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In pursuit of knowledge

Navigating SG&A Expenses: A Tale of Two Biotechs

In the competitive landscape of biotechnology, effective cost management is crucial. Over the past decade, Neurocrine Biosciences, Inc. and Ultragenyx Pharmaceutical Inc. have demonstrated contrasting trajectories in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Neurocrine Biosciences saw a staggering 4,800% increase in SG&A expenses, reflecting its aggressive expansion and investment in operational capabilities. In contrast, Ultragenyx Pharmaceutical's SG&A expenses grew by approximately 2,800%, indicating a more measured approach to scaling operations.

Key Insights

  • Neurocrine's Growth: By 2023, Neurocrine's SG&A expenses reached nearly 890 million, a testament to its strategic investments in growth.
  • Ultragenyx's Strategy: Ultragenyx, while also expanding, maintained a more conservative expense growth, reaching around 310 million by 2023.

These trends highlight the diverse strategies employed by biotech firms in managing operational costs while pursuing innovation.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025