Regeneron Pharmaceuticals, Inc. or Catalyst Pharmaceuticals, Inc.: Who Manages SG&A Costs Better?

Biotech Giants: SG&A Cost Management Showdown

__timestampCatalyst Pharmaceuticals, Inc.Regeneron Pharmaceuticals, Inc.
Wednesday, January 1, 20144473654504755000
Thursday, January 1, 20158597010838526000
Friday, January 1, 201679102601177697000
Sunday, January 1, 201773043991320433000
Monday, January 1, 2018158759611556200000
Tuesday, January 1, 2019368811871834800000
Wednesday, January 1, 2020442337541346000000
Friday, January 1, 2021496280001824900000
Saturday, January 1, 2022581830002115900000
Sunday, January 1, 20231337100002631300000
Monday, January 1, 20242954400000
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Unleashing insights

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 maintaining profitability. Regeneron Pharmaceuticals, Inc. and Catalyst Pharmaceuticals, Inc. offer a fascinating study in contrasts over the past decade.

A Decade of Financial Strategy

From 2014 to 2023, Regeneron consistently reported higher SG&A expenses, peaking at approximately $2.63 billion in 2023. This reflects a strategic investment in growth and market expansion. In contrast, Catalyst Pharmaceuticals maintained a more conservative approach, with expenses rising from $4.47 million in 2014 to $133.71 million in 2023.

Efficiency vs. Expansion

While Regeneron's expenses grew by over 400% during this period, Catalyst's expenses increased by nearly 2900%. This stark difference highlights Regeneron's focus on scaling operations, whereas Catalyst's rapid percentage increase suggests a shift from a leaner model to a more aggressive growth strategy.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025