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

Biotech Giants' SG&A Strategies: A Decade of Divergence

__timestampAgios Pharmaceuticals, Inc.Xenon Pharmaceuticals Inc.
Wednesday, January 1, 2014191200005496000
Thursday, January 1, 2015359920009786000
Friday, January 1, 2016507140006792000
Sunday, January 1, 2017711240007313000
Monday, January 1, 20181141450008382000
Tuesday, January 1, 201913203400010803000
Wednesday, January 1, 202014907000012944000
Friday, January 1, 202112144500021967000
Saturday, January 1, 202212167300032810000
Sunday, January 1, 202311990300046542000
Monday, January 1, 2024156784000
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Unleashing insights

Navigating SG&A Expenses: A Tale of Two Biotechs

In the competitive world of biotechnology, effective cost management is crucial. Over the past decade, Agios Pharmaceuticals, Inc. and Xenon Pharmaceuticals Inc. have demonstrated contrasting strategies in managing their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Agios Pharmaceuticals saw a steady increase in SG&A expenses, peaking in 2020 with a 680% rise from 2014 levels. This reflects their aggressive expansion and investment in administrative capabilities. In contrast, Xenon Pharmaceuticals maintained a more conservative approach, with a 747% increase over the same period, but starting from a much lower base. By 2023, Xenon's SG&A expenses were approximately 39% of Agios's, highlighting their leaner operational model. These trends underscore the diverse strategies within the biotech sector, where balancing growth and cost efficiency remains a pivotal challenge.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025