Cost Management Insights: SG&A Expenses for Neurocrine Biosciences, Inc. and Xenon Pharmaceuticals Inc.

Biotech SG&A Expenses: Neurocrine vs. Xenon

__timestampNeurocrine Biosciences, Inc.Xenon Pharmaceuticals Inc.
Wednesday, January 1, 2014179860005496000
Thursday, January 1, 2015324800009786000
Friday, January 1, 2016680810006792000
Sunday, January 1, 20171699060007313000
Monday, January 1, 20182489320008382000
Tuesday, January 1, 201935410000010803000
Wednesday, January 1, 202043330000012944000
Friday, January 1, 202158330000021967000
Saturday, January 1, 202275270000032810000
Sunday, January 1, 202388760000046542000
Monday, January 1, 20241007200000
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Unleashing insights

Navigating SG&A Expenses: A Tale of Two Biotech Firms

In the competitive landscape of biotechnology, effective cost management is crucial. Neurocrine Biosciences, Inc. and Xenon Pharmaceuticals Inc. offer a compelling study in contrasts over the past decade. From 2014 to 2023, Neurocrine's Selling, General, and Administrative (SG&A) expenses surged by nearly 4,800%, reflecting its aggressive growth strategy. In contrast, Xenon Pharmaceuticals saw a more modest increase of approximately 750% in the same period.

A Decade of Financial Evolution

Neurocrine's SG&A expenses grew from a modest $18 million in 2014 to a staggering $888 million by 2023, indicating a robust expansion in operations and market presence. Meanwhile, Xenon's expenses rose from $5.5 million to $46.5 million, showcasing a steady yet cautious approach to scaling. This divergence highlights the varied strategies within the biotech sector, where companies balance innovation with financial prudence.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025