Madrigal Pharmaceuticals, Inc. and Cytokinetics, Incorporated: SG&A Spending Patterns Compared

Biotech Giants' SG&A Strategies: A Decade of Divergence

__timestampCytokinetics, IncorporatedMadrigal Pharmaceuticals, Inc.
Wednesday, January 1, 20141726800015746000
Thursday, January 1, 20151966700013392000
Friday, January 1, 2016278230009290000
Sunday, January 1, 2017364680007672000
Monday, January 1, 20183128200015293000
Tuesday, January 1, 20193961000022648000
Wednesday, January 1, 20205282000021864000
Friday, January 1, 20219680300037318000
Saturday, January 1, 202217797700048130000
Sunday, January 1, 2023173612000108146000
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Unveiling the hidden dimensions of data

SG&A Spending Patterns: A Tale of Two Biotechs

In the competitive world of biotechnology, strategic spending on Selling, General, and Administrative (SG&A) expenses can be a key differentiator. Over the past decade, Cytokinetics, Incorporated and Madrigal Pharmaceuticals, Inc. have demonstrated contrasting approaches. From 2014 to 2023, Cytokinetics increased its SG&A expenses by over 900%, peaking in 2022 with a staggering $178 million. In contrast, Madrigal Pharmaceuticals, while also increasing its spending, maintained a more conservative growth, with a notable surge in 2023, reaching $108 million. This divergence highlights differing strategic priorities: Cytokinetics appears to be aggressively investing in its operational infrastructure, while Madrigal is taking a more measured approach. As these companies continue to evolve, their SG&A strategies will likely play a pivotal role in their market positioning and long-term success.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025