Selling, General, and Administrative Costs: BeiGene, Ltd. vs Madrigal Pharmaceuticals, Inc.

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

__timestampBeiGene, Ltd.Madrigal Pharmaceuticals, Inc.
Wednesday, January 1, 2014693000015746000
Thursday, January 1, 2015731100013392000
Friday, January 1, 2016200970009290000
Sunday, January 1, 2017626020007672000
Monday, January 1, 201819538500015293000
Tuesday, January 1, 201938824900022648000
Wednesday, January 1, 202060017600021864000
Friday, January 1, 202199012300037318000
Saturday, January 1, 2022127785200048130000
Sunday, January 1, 20231504501000108146000
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Cracking the code

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

In the competitive world of biotechnology, managing operational costs is crucial for success. This chart compares the Selling, General, and Administrative (SG&A) expenses of BeiGene, Ltd. and Madrigal Pharmaceuticals, Inc. from 2014 to 2023. Over this period, BeiGene's SG&A expenses skyrocketed by over 21,000%, reflecting its aggressive expansion and investment in global operations. In contrast, Madrigal Pharmaceuticals saw a more modest increase of around 587%, indicating a more conservative growth strategy.

By 2023, BeiGene's expenses reached approximately 1.5 billion, dwarfing Madrigal's 108 million. This stark difference highlights the varying strategic approaches of these two companies in the biotech sector. As investors and industry watchers analyze these trends, the data offers insights into how each company allocates resources to drive innovation and market presence.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025