Gross Profit Trends Compared: Vericel Corporation vs Ligand Pharmaceuticals Incorporated

Biotech Giants' Profit Battle: Vericel vs Ligand

__timestampLigand Pharmaceuticals IncorporatedVericel Corporation
Wednesday, January 1, 20145540200011503000
Thursday, January 1, 20156610700024698000
Friday, January 1, 201610340200026076000
Sunday, January 1, 201713573600033570000
Monday, January 1, 201824511600058697000
Tuesday, January 1, 201910893500080279000
Wednesday, January 1, 202015600000084228000
Friday, January 1, 2021214957000106025000
Saturday, January 1, 2022143418000109788000
Sunday, January 1, 202396265000135576000
Loading chart...

Infusing magic into the data realm

Gross Profit Trends: Vericel vs Ligand Pharmaceuticals

A Decade of Financial Evolution

In the ever-evolving landscape of biotechnology, Vericel Corporation and Ligand Pharmaceuticals Incorporated have showcased intriguing financial trajectories over the past decade. From 2014 to 2023, Ligand Pharmaceuticals experienced a notable fluctuation in gross profit, peaking in 2018 with a remarkable 245% increase from its 2014 figures. However, by 2023, Ligand's gross profit had decreased by approximately 61% from its 2018 high.

Conversely, Vericel Corporation demonstrated a consistent upward trend, with its gross profit growing by nearly 1,080% from 2014 to 2023. This steady growth highlights Vericel's robust market strategy and operational efficiency. The year 2023 marked a significant milestone for Vericel, as it surpassed Ligand in gross profit for the first time in this period.

These trends underscore the dynamic nature of the biotech industry, where strategic innovation and market adaptation are key to financial success.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025