Cost of Revenue Trends: Iovance Biotherapeutics, Inc. vs Viridian Therapeutics, Inc.

Biotech Cost Trends: Iovance vs. Viridian from 2014-2023

__timestampIovance Biotherapeutics, Inc.Viridian Therapeutics, Inc.
Wednesday, January 1, 201493357723243000
Thursday, January 1, 20159990002472000
Friday, January 1, 20169780002548000
Sunday, January 1, 201795200019623000
Monday, January 1, 201895600030421000
Tuesday, January 1, 2019812299932793999
Wednesday, January 1, 2020871200028304000
Friday, January 1, 202113980000620000
Saturday, January 1, 202221135000755000
Sunday, January 1, 2023107550001322000
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Cracking the code

Cost of Revenue Trends: A Tale of Two Biotech Companies

In the dynamic world of biotechnology, understanding cost structures is crucial for investors and stakeholders. Iovance Biotherapeutics, Inc. and Viridian Therapeutics, Inc. have shown contrasting trends in their cost of revenue from 2014 to 2023. Iovance's cost of revenue surged by approximately 125% from 2014 to 2022, peaking in 2022 before a slight decline in 2023. In contrast, Viridian experienced a dramatic rise in costs, with a peak in 2019, where costs were over 10 times higher than in 2014. However, by 2023, Viridian's costs had plummeted by nearly 96% from their 2019 peak. These trends highlight the volatile nature of the biotech industry, where strategic shifts and market dynamics can significantly impact financial outcomes. Investors should consider these patterns when evaluating the financial health and strategic direction of these companies.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025