Insmed Incorporated or Amicus Therapeutics, Inc.: Who Manages SG&A Costs Better?

Biotech Giants: SG&A Cost Management Showdown

__timestampAmicus Therapeutics, Inc.Insmed Incorporated
Wednesday, January 1, 20142071700031073000
Thursday, January 1, 20154726900043216000
Friday, January 1, 20167115100050679000
Sunday, January 1, 20178867100079171000
Monday, January 1, 2018127200000168218000
Tuesday, January 1, 2019169861000210796000
Wednesday, January 1, 2020156407000203613000
Friday, January 1, 2021192710000234273000
Saturday, January 1, 2022213041000265784000
Sunday, January 1, 2023275270000344501000
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Cracking the code

SG&A Cost Management: A Tale of Two Biotechs

In the competitive world of biotechnology, managing Selling, General, and Administrative (SG&A) expenses is crucial for financial health. Over the past decade, Insmed Incorporated and Amicus Therapeutics, Inc. have shown distinct trends in their SG&A expenditures. From 2014 to 2023, Insmed's SG&A costs surged by over 1,000%, peaking in 2023. In contrast, Amicus saw a more moderate increase of approximately 1,200% during the same period.

A Closer Look at the Numbers

In 2014, Amicus spent about 21% less on SG&A than Insmed. However, by 2023, this gap widened, with Insmed's expenses exceeding Amicus's by nearly 25%. This trend suggests Insmed's aggressive expansion strategy, while Amicus appears to focus on steady growth. Understanding these dynamics can offer investors insights into each company's operational strategies and financial priorities.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025