Key Insights on Gross Profit: BioMarin Pharmaceutical Inc. vs HUTCHMED (China) Limited

BioMarin vs. HUTCHMED: A Decade of Financial Growth

__timestampBioMarin Pharmaceutical Inc.HUTCHMED (China) Limited
Wednesday, January 1, 201462127600019764000
Thursday, January 1, 201573788700067426000
Friday, January 1, 201690723400059752000
Sunday, January 1, 2017107186000065383000
Monday, January 1, 2018117594800070165000
Tuesday, January 1, 2019134458200044738000
Wednesday, January 1, 2020133618300039457000
Friday, January 1, 2021137576000097894000
Saturday, January 1, 20221612370000115306000
Sunday, January 1, 20231842161000453552000
Monday, January 1, 20242273680000
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Igniting the spark of knowledge

A Tale of Two Biopharmaceutical Giants: BioMarin vs. HUTCHMED

In the dynamic world of biopharmaceuticals, understanding financial health is crucial. Over the past decade, BioMarin Pharmaceutical Inc. has consistently outperformed HUTCHMED (China) Limited in terms of gross profit. From 2014 to 2023, BioMarin's gross profit surged by nearly 200%, peaking at $1.84 billion in 2023. In contrast, HUTCHMED's growth, while significant, was more modest, with a 23-fold increase, reaching $453 million in the same year.

This stark contrast highlights BioMarin's robust market strategy and product portfolio, which have enabled it to capture a larger market share. Meanwhile, HUTCHMED's growth trajectory, though slower, indicates a steady expansion in the competitive Chinese market. As both companies continue to innovate, investors and stakeholders should keep a keen eye on their financial performance to gauge future potential.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025