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

Biotech Giants: A Decade of SG&A Cost Management

__timestampInsmed IncorporatedProtagonist Therapeutics, Inc.
Wednesday, January 1, 2014310730001860000
Thursday, January 1, 2015432160002963000
Friday, January 1, 2016506790006961000
Sunday, January 1, 20177917100011779000
Monday, January 1, 201816821800013697000
Tuesday, January 1, 201921079600015749000
Wednesday, January 1, 202020361300018638000
Friday, January 1, 202123427300027196000
Saturday, January 1, 202226578400031739000
Sunday, January 1, 202334450100033491000
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In pursuit of knowledge

Managing SG&A Costs: A Tale of Two Biotechs

In the competitive world of biotechnology, managing Selling, General, and Administrative (SG&A) expenses is crucial for financial health. Insmed Incorporated and Protagonist Therapeutics, Inc. have shown contrasting trends in this area from 2014 to 2023. Insmed's SG&A expenses have surged by over 1,000%, reflecting its aggressive growth strategy. In contrast, Protagonist Therapeutics has maintained a more conservative approach, with expenses increasing by approximately 1,700% but from a much smaller base.

A Decade of Financial Strategy

Insmed's expenses peaked in 2023, reaching nearly 10 times their 2014 levels, indicating significant investment in operations and expansion. Meanwhile, Protagonist's expenses, though rising, remain a fraction of Insmed's, suggesting a focus on lean operations. This divergence highlights the strategic choices companies make in balancing growth and cost management. Investors and stakeholders should consider these trends when evaluating the long-term sustainability and strategic direction of these biotech firms.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025