Gross Profit Comparison: Bristol-Myers Squibb Company and Ligand Pharmaceuticals Incorporated Trends

Pharma Giants: A Decade of Profit Trends

__timestampBristol-Myers Squibb CompanyLigand Pharmaceuticals Incorporated
Wednesday, January 1, 20141194700000055402000
Thursday, January 1, 20151265100000066107000
Friday, January 1, 201614481000000103402000
Sunday, January 1, 201714710000000135736000
Monday, January 1, 201816014000000245116000
Tuesday, January 1, 201918067000000108935000
Wednesday, January 1, 202030745000000156000000
Friday, January 1, 202136445000000214957000
Saturday, January 1, 202236022000000143418000
Sunday, January 1, 20233431300000096265000
Monday, January 1, 202436351000000
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A Tale of Two Companies: Bristol-Myers Squibb vs. Ligand Pharmaceuticals

In the ever-evolving pharmaceutical industry, the financial health of companies is a key indicator of their market position and potential for innovation. Over the past decade, Bristol-Myers Squibb Company has demonstrated a robust growth trajectory in gross profit, with a remarkable 187% increase from 2014 to 2023. This growth is highlighted by a significant leap in 2020, where profits surged by over 70% compared to the previous year, reflecting strategic acquisitions and successful product launches.

Conversely, Ligand Pharmaceuticals Incorporated, while smaller in scale, has shown a steady upward trend, peaking in 2018 with a 342% increase from its 2014 figures. Despite a slight decline in recent years, Ligand's innovative approach in drug discovery and licensing continues to position it as a formidable player in niche markets. This comparison underscores the diverse strategies and market dynamics shaping the pharmaceutical landscape today.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025