Madrigal Pharmaceuticals, Inc. or Ionis Pharmaceuticals, Inc.: Who Manages SG&A Costs Better?

Biotech Giants: SG&A Cost Strategies Compared

__timestampIonis Pharmaceuticals, Inc.Madrigal Pharmaceuticals, Inc.
Wednesday, January 1, 20142014000015746000
Thursday, January 1, 20153717300013392000
Friday, January 1, 2016486160009290000
Sunday, January 1, 20171084880007672000
Monday, January 1, 201824462200015293000
Tuesday, January 1, 201928700000022648000
Wednesday, January 1, 202035400000021864000
Friday, January 1, 202118600000037318000
Saturday, January 1, 202215100000048130000
Sunday, January 1, 2023232600000108146000
Monday, January 1, 2024267474000
Loading chart...

Igniting the spark of knowledge

SG&A Cost Management: A Tale of Two Biotechs

In the competitive world of biotechnology, managing Selling, General, and Administrative (SG&A) expenses is crucial for financial health. Ionis Pharmaceuticals, Inc. and Madrigal Pharmaceuticals, Inc. have taken different paths in this regard over the past decade. From 2014 to 2023, Ionis Pharmaceuticals consistently reported higher SG&A expenses, peaking in 2020 with a staggering 354% increase from 2014. In contrast, Madrigal Pharmaceuticals maintained a more conservative approach, with their highest SG&A expenses in 2023, marking a 587% increase from 2014. Despite Ionis's higher absolute costs, their strategic investments in administration and sales might be driving their growth. Meanwhile, Madrigal's leaner approach could indicate a focus on operational efficiency. This comparison highlights the diverse strategies within the biotech sector, where financial management can significantly impact a company's trajectory.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025