Ligand Pharmaceuticals Incorporated vs Evotec SE: SG&A Expense Trends

Pharma Giants' SG&A Expenses: A Decade of Divergence

__timestampEvotec SELigand Pharmaceuticals Incorporated
Wednesday, January 1, 20141799000022570000
Thursday, January 1, 20152516600024378000
Friday, January 1, 20162701300026621000
Sunday, January 1, 20174238300028653000
Monday, January 1, 20185701200037734000
Tuesday, January 1, 20196654600041884000
Wednesday, January 1, 20207723800064435000
Friday, January 1, 202110544500057483000
Saturday, January 1, 202215619000070062000
Sunday, January 1, 202316961000052790000
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In pursuit of knowledge

SG&A Expense Trends: Ligand Pharmaceuticals vs. Evotec SE

In the competitive landscape of the pharmaceutical industry, understanding financial trends is crucial. This analysis focuses on the Selling, General, and Administrative (SG&A) expenses of Ligand Pharmaceuticals Incorporated and Evotec SE from 2014 to 2023. Over this period, Evotec SE's SG&A expenses surged by an impressive 843%, reflecting its aggressive expansion and operational scaling. In contrast, Ligand Pharmaceuticals saw a more modest increase of 134%, indicating a steady but less aggressive growth strategy.

Key Insights

  • Evotec SE: Starting at 18 million in 2014, their SG&A expenses reached 170 million by 2023, showcasing a robust growth trajectory.
  • Ligand Pharmaceuticals: From 23 million in 2014, their expenses peaked at 70 million in 2022 before slightly declining to 53 million in 2023.

These trends highlight differing strategic approaches, with Evotec SE focusing on rapid expansion and Ligand Pharmaceuticals maintaining a more conservative growth path.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025