Selling, General, and Administrative Costs: BioMarin Pharmaceutical Inc. vs Blueprint Medicines Corporation

Biotech Giants: SG&A Expenses Compared Over a Decade

__timestampBioMarin Pharmaceutical Inc.Blueprint Medicines Corporation
Wednesday, January 1, 20143021560007890000
Thursday, January 1, 201540227100014456000
Friday, January 1, 201647659300019218000
Sunday, January 1, 201755433600027986000
Monday, January 1, 201860435300047928000
Tuesday, January 1, 201968092400096388000
Wednesday, January 1, 2020737669000157743000
Friday, January 1, 2021759375000195293000
Saturday, January 1, 2022854009000237374000
Sunday, January 1, 2023937300000295141000
Monday, January 1, 2024359272000
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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. This chart compares the Selling, General, and Administrative (SG&A) expenses of BioMarin Pharmaceutical Inc. and Blueprint Medicines Corporation from 2014 to 2023. Over this period, BioMarin's SG&A expenses have surged by over 200%, reflecting its aggressive expansion and investment in new therapies. In contrast, Blueprint Medicines, while starting with significantly lower expenses, has seen a staggering increase of nearly 3,600%, indicating rapid growth and scaling efforts.

BioMarin's expenses consistently outpace Blueprint's, highlighting its established market presence. However, Blueprint's exponential growth in SG&A expenses suggests a company in transition, aiming to solidify its position in the biotech landscape. This financial narrative underscores the dynamic strategies of these two companies as they navigate the challenges and opportunities in the pharmaceutical industry.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025