ImmunityBio, Inc. or Galapagos NV: Who Manages SG&A Costs Better?

Biotech Giants: A Decade of SG&A Cost Management

__timestampGalapagos NVImmunityBio, Inc.
Wednesday, January 1, 201490790004326000
Thursday, January 1, 201520309000226206000
Friday, January 1, 20161694500094391000
Sunday, January 1, 20172055900053821000
Monday, January 1, 20182964100035463000
Tuesday, January 1, 20198825800046456000
Wednesday, January 1, 202016217000071318000
Friday, January 1, 2021167218000135256000
Saturday, January 1, 2022239528000102708000
Sunday, January 1, 202394252000129620000
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Unlocking the unknown

SG&A Cost Management: A Tale of Two Biotech Companies

In the competitive world of biotechnology, managing Selling, General, and Administrative (SG&A) expenses is crucial for financial health. ImmunityBio, Inc. and Galapagos NV, two prominent players, offer a fascinating study in contrasts. From 2014 to 2023, Galapagos NV's SG&A expenses grew by approximately 940%, peaking in 2022. In contrast, ImmunityBio, Inc. saw a more volatile trajectory, with a significant spike in 2015, where expenses surged to nearly 2.3 times their 2014 levels. By 2023, ImmunityBio's SG&A costs were about 37% higher than in 2014, indicating a more controlled growth compared to Galapagos. This data highlights the strategic differences in cost management between the two companies, with Galapagos showing a steady increase and ImmunityBio experiencing fluctuations. Understanding these trends can provide valuable insights for investors and industry analysts alike.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025