Selling, General, and Administrative Costs: Agios Pharmaceuticals, Inc. vs Iovance Biotherapeutics, Inc.

Biotech Giants' SG&A Expenses: A Decade of Growth and Strategy

__timestampAgios Pharmaceuticals, Inc.Iovance Biotherapeutics, Inc.
Wednesday, January 1, 2014191200009335772
Thursday, January 1, 20153599200012390000
Friday, January 1, 20165071400025602000
Sunday, January 1, 20177112400021262000
Monday, January 1, 201811414500028430000
Tuesday, January 1, 201913203400040849000
Wednesday, January 1, 202014907000060210000
Friday, January 1, 202112144500083664000
Saturday, January 1, 2022121673000104097000
Sunday, January 1, 2023119903000106916000
Monday, January 1, 2024156784000
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Data in motion

A Tale of Two Biotechs: SG&A Expenses Over Time

In the competitive world of biotechnology, managing operational costs is crucial for success. Agios Pharmaceuticals, Inc. and Iovance Biotherapeutics, Inc. have been navigating this landscape with varying strategies since 2014. Over the past decade, Agios has consistently outpaced Iovance in Selling, General, and Administrative (SG&A) expenses, peaking in 2020 with a 680% increase from 2014. Meanwhile, Iovance has shown a remarkable growth trajectory, with its SG&A expenses surging by over 1,000% during the same period. This trend highlights the aggressive expansion and investment strategies of both companies. By 2023, the gap between the two narrowed significantly, with Agios spending only about 12% more than Iovance. This convergence suggests a shift in strategic priorities, possibly indicating Iovance's growing market presence and Agios's focus on optimizing operational efficiency.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025