CRISPR Therapeutics AG or HUTCHMED (China) Limited: Who Manages SG&A Costs Better?

Biotech Giants' SG&A Cost Management: A Decade in Review

__timestampCRISPR Therapeutics AGHUTCHMED (China) Limited
Wednesday, January 1, 2014511400026684000
Thursday, January 1, 20151340300029829000
Friday, January 1, 20163105600039578000
Sunday, January 1, 20173584500043277000
Monday, January 1, 20184829400048645000
Tuesday, January 1, 20196348800052934000
Wednesday, January 1, 20208820800061349000
Friday, January 1, 2021102802000127125000
Saturday, January 1, 2022102464000136106000
Sunday, January 1, 202376162000133175999
Monday, January 1, 202472977000
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Cracking the code

Managing SG&A Costs: A Tale of Two Biotech Giants

In the competitive world of biotechnology, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability and operational efficiency. CRISPR Therapeutics AG and HUTCHMED (China) Limited, two prominent players in the industry, have shown distinct trends in their SG&A expenses over the past decade.

From 2014 to 2023, CRISPR Therapeutics AG's SG&A costs increased by approximately 1,400%, peaking in 2021. However, a notable reduction of around 26% was observed in 2023, indicating a strategic shift towards cost optimization. In contrast, HUTCHMED's SG&A expenses grew steadily, with a significant 50% rise from 2020 to 2023, reaching their highest in 2022.

This analysis highlights the contrasting approaches of these companies in managing operational costs, offering valuable insights into their financial strategies and market positioning.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025