| __timestamp | Celldex Therapeutics, Inc. | Genmab A/S |
|---|---|---|
| Wednesday, January 1, 2014 | 20622000 | 79529000 |
| Thursday, January 1, 2015 | 33837000 | 91224000 |
| Friday, January 1, 2016 | 35979000 | 102413000 |
| Sunday, January 1, 2017 | 25003000 | 146987000 |
| Monday, January 1, 2018 | 19269000 | 213695000 |
| Tuesday, January 1, 2019 | 15426000 | 342000000 |
| Wednesday, January 1, 2020 | 14456000 | 661000000 |
| Friday, January 1, 2021 | 20488000 | 1283000000 |
| Saturday, January 1, 2022 | 27195000 | 2676000000 |
| Sunday, January 1, 2023 | 30914000 | 3297000000 |
| Monday, January 1, 2024 | 3790000000 |
Cracking the code
In the ever-evolving pharmaceutical industry, understanding the financial dynamics of key players is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of Genmab A/S and Celldex Therapeutics, Inc. from 2014 to 2023. Over this period, Genmab A/S has consistently outpaced Celldex in SG&A spending, reflecting its expansive operational scale. In 2023, Genmab's SG&A expenses surged to approximately 3.3 billion, marking a staggering 314% increase from 2014. In contrast, Celldex's expenses grew by about 50% over the same period, reaching around 31 million. This disparity highlights Genmab's aggressive market strategies and broader operational footprint. As the industry continues to grow, monitoring these financial trends offers valuable insights into the strategic priorities and market positioning of these biotech giants.
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