Selling, General, and Administrative Costs: Ligand Pharmaceuticals Incorporated vs Travere Therapeutics, Inc.

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

__timestampLigand Pharmaceuticals IncorporatedTravere Therapeutics, Inc.
Wednesday, January 1, 20142257000059644696
Thursday, January 1, 20152437800079541000
Friday, January 1, 20162662100098015000
Sunday, January 1, 201728653000103958000
Monday, January 1, 201837734000103654000
Tuesday, January 1, 201941884000128951000
Wednesday, January 1, 202064435000135799000
Friday, January 1, 202157483000149883000
Saturday, January 1, 202270062000220206000
Sunday, January 1, 202352790000265542000
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Unleashing insights

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

In the competitive world of biotechnology, managing operational costs is crucial for sustaining growth and innovation. Ligand Pharmaceuticals Incorporated and Travere Therapeutics, Inc. have shown distinct trajectories in their Selling, General, and Administrative (SG&A) expenses from 2014 to 2023.

Ligand Pharmaceuticals started with a modest SG&A expense, which grew by approximately 133% over the decade, peaking in 2022. This reflects their strategic investments in expanding operations and enhancing market presence. In contrast, Travere Therapeutics exhibited a more aggressive increase, with expenses surging by over 345% during the same period, indicating a robust expansion strategy.

The year 2023 marked a significant divergence, with Travere's expenses reaching nearly five times that of Ligand's. This disparity highlights differing business models and growth strategies, offering valuable insights into the financial dynamics of the biotech sector.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025