Cost of Revenue Comparison: Merck & Co., Inc. vs Iovance Biotherapeutics, Inc.

Merck vs. Iovance: A Decade of Cost Dynamics

__timestampIovance Biotherapeutics, Inc.Merck & Co., Inc.
Wednesday, January 1, 2014933577216768000000
Thursday, January 1, 201599900014934000000
Friday, January 1, 201697800013891000000
Sunday, January 1, 201795200012775000000
Monday, January 1, 201895600013509000000
Tuesday, January 1, 2019812299914112000000
Wednesday, January 1, 2020871200013618000000
Friday, January 1, 20211398000013626000000
Saturday, January 1, 20222113500017411000000
Sunday, January 1, 20231075500016126000000
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Infusing magic into the data realm

A Tale of Two Companies: Cost of Revenue Analysis

In the ever-evolving pharmaceutical landscape, understanding cost structures is crucial. This analysis compares the cost of revenue for Merck & Co., Inc. and Iovance Biotherapeutics, Inc. from 2014 to 2023. Merck, a titan in the industry, consistently reported costs in the range of $13 billion to $17 billion annually. In contrast, Iovance, a burgeoning biotech firm, showed a more modest cost structure, peaking at approximately $21 million in 2022.

Merck's cost of revenue remained relatively stable, with a slight increase of about 4% from 2014 to 2023. Meanwhile, Iovance experienced a dramatic rise, with costs surging by over 100% from 2014 to 2022. This stark contrast highlights the differing scales and growth trajectories of these companies. As Merck maintains its stronghold, Iovance's increasing costs reflect its aggressive expansion and investment in innovative therapies.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025