Gross Profit Analysis: Comparing Halozyme Therapeutics, Inc. and Travere Therapeutics, Inc.

Biotech Giants: Halozyme vs. Travere Profit Trends

__timestampHalozyme Therapeutics, Inc.Travere Therapeutics, Inc.
Wednesday, January 1, 20145260200027632226
Thursday, January 1, 201510581200097707000
Friday, January 1, 2016113485000129037000
Sunday, January 1, 2017285461000151332000
Monday, January 1, 2018141726000158719000
Tuesday, January 1, 2019150446000170104000
Wednesday, January 1, 2020224227000192195000
Friday, January 1, 2021361897000220706000
Saturday, January 1, 2022520812000204426000
Sunday, January 1, 2023636892000133788000
Monday, January 1, 2024855907000
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In pursuit of knowledge

Gross Profit Trends in Biotech: Halozyme vs. Travere

In the dynamic world of biotechnology, financial performance is a key indicator of a company's health and potential. Over the past decade, Halozyme Therapeutics, Inc. and Travere Therapeutics, Inc. have shown distinct trajectories in their gross profit margins. From 2014 to 2023, Halozyme's gross profit surged by over 1,100%, peaking in 2023, while Travere's growth was more modest, with a 384% increase, reaching its highest in 2021. This stark contrast highlights Halozyme's aggressive growth strategy and market adaptation. Notably, Halozyme's gross profit in 2023 was nearly five times that of Travere's, underscoring its dominant market position. As the biotech sector continues to evolve, these trends offer valuable insights into the strategic maneuvers of leading companies. Investors and industry watchers should keep a close eye on these developments as they reflect broader market dynamics.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025