Selling, General, and Administrative Costs: BioMarin Pharmaceutical Inc. vs Wave Life Sciences Ltd.

BioMarin vs. Wave: A Decade of SG&A Expense Trends

__timestampBioMarin Pharmaceutical Inc.Wave Life Sciences Ltd.
Wednesday, January 1, 20143021560002999000
Thursday, January 1, 201540227100010393000
Friday, January 1, 201647659300015994000
Sunday, January 1, 201755433600026975000
Monday, January 1, 201860435300039509000
Tuesday, January 1, 201968092400048869000
Wednesday, January 1, 202073766900042510000
Friday, January 1, 202175937500046105000
Saturday, January 1, 202285400900050513000
Sunday, January 1, 202393730000051292000
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Infusing magic into the data realm

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

In the competitive world of biotechnology, managing costs is crucial for success. BioMarin Pharmaceutical Inc. and Wave Life Sciences Ltd. offer a fascinating study in contrasts when it comes to Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, BioMarin's SG&A expenses surged by over 200%, reflecting its aggressive growth strategy and expansion efforts. In contrast, Wave Life Sciences saw a more modest increase of around 1,600%, albeit from a much smaller base, highlighting its cautious yet steady approach.

BioMarin's expenses consistently outpaced Wave's, peaking at nearly 19 times higher in 2023. This disparity underscores the different scales and operational strategies of these two companies. As the biotech industry continues to evolve, understanding these financial dynamics provides valuable insights into the strategic priorities and market positioning of leading firms.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025