Regeneron Pharmaceuticals, Inc. and Veracyte, Inc.: A Detailed Gross Profit Analysis

Biotech Giants: Regeneron vs. Veracyte's Profit Growth

__timestampRegeneron Pharmaceuticals, Inc.Veracyte, Inc.
Wednesday, January 1, 2014261453900021584000
Thursday, January 1, 2015371101900028006000
Friday, January 1, 2016456073300039623000
Sunday, January 1, 2017547516600043758000
Monday, January 1, 2018627670000058930000
Tuesday, January 1, 2019708120000083845000
Wednesday, January 1, 2020737720000076028000
Friday, January 1, 202113634200000145114000
Saturday, January 1, 202210612500000194954000
Sunday, January 1, 202311301400000248148000
Monday, January 1, 202412231500000
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Infusing magic into the data realm

A Tale of Two Biotechs: Regeneron vs. Veracyte

In the dynamic world of biotechnology, financial performance is a key indicator of a company's success and potential. Over the past decade, Regeneron Pharmaceuticals, Inc. has demonstrated a remarkable growth trajectory in gross profit, surging from approximately $2.6 billion in 2014 to over $11 billion by 2023. This represents an impressive increase of over 300%, underscoring Regeneron's robust market position and innovative prowess.

Conversely, Veracyte, Inc., while smaller in scale, has shown steady growth, with gross profits rising from around $21 million in 2014 to nearly $248 million in 2023. This tenfold increase highlights Veracyte's expanding footprint in the biotech sector.

The contrasting scales of these companies offer a fascinating insight into the diverse strategies and market dynamics within the biotechnology industry, where both giants and emerging players can thrive.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025