Ligand Pharmaceuticals Incorporated vs Dynavax Technologies Corporation: SG&A Expense Trends

Biotech SG&A Expenses: Dynavax vs. Ligand

__timestampDynavax Technologies CorporationLigand Pharmaceuticals Incorporated
Wednesday, January 1, 20141776300022570000
Thursday, January 1, 20152218000024378000
Friday, January 1, 20163725700026621000
Sunday, January 1, 20172736700028653000
Monday, January 1, 20186477000037734000
Tuesday, January 1, 20197498600041884000
Wednesday, January 1, 20207925600064435000
Friday, January 1, 202110015600057483000
Saturday, January 1, 202213140800070062000
Sunday, January 1, 202315294600052790000
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In pursuit of knowledge

SG&A Expense Trends: A Tale of Two Biotech Companies

In the dynamic world of biotechnology, understanding financial trends is crucial for investors and stakeholders. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two prominent biotech firms: Ligand Pharmaceuticals Incorporated and Dynavax Technologies Corporation, from 2014 to 2023.

Over this period, Dynavax Technologies Corporation has seen a staggering 760% increase in SG&A expenses, peaking at approximately $153 million in 2023. This growth reflects the company's aggressive expansion and investment in administrative capabilities. In contrast, Ligand Pharmaceuticals Incorporated experienced a more modest 134% increase, reaching around $70 million in 2022, before a slight dip in 2023.

These trends highlight differing strategic approaches: Dynavax's rapid scaling versus Ligand's steady growth. Investors should consider these trajectories when evaluating potential opportunities in the biotech sector.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025