| __timestamp | Halozyme Therapeutics, Inc. | Merck & Co., Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 35942000 | 11606000000 |
| Thursday, January 1, 2015 | 40028000 | 10313000000 |
| Friday, January 1, 2016 | 45853000 | 9762000000 |
| Sunday, January 1, 2017 | 53816000 | 9830000000 |
| Monday, January 1, 2018 | 60804000 | 10102000000 |
| Tuesday, January 1, 2019 | 77252000 | 10615000000 |
| Wednesday, January 1, 2020 | 45736000 | 8955000000 |
| Friday, January 1, 2021 | 50323000 | 9634000000 |
| Saturday, January 1, 2022 | 143526000 | 10042000000 |
| Sunday, January 1, 2023 | 149182000 | 10504000000 |
| Monday, January 1, 2024 | 154335000 |
Cracking the code
In the world of pharmaceuticals, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. This chart compares the SG&A expenses of Merck & Co., Inc. and Halozyme Therapeutics, Inc. from 2014 to 2023.
Merck, a global leader, consistently reported SG&A expenses in the range of $9.0 billion to $11.6 billion annually. Despite fluctuations, Merck's expenses remained relatively stable, reflecting its robust operational strategies. In contrast, Halozyme, a smaller biotech firm, saw its SG&A expenses grow significantly, from $35.9 million in 2014 to $149.2 million in 2023, marking a staggering 315% increase.
This divergence highlights the different scales and growth trajectories of these companies. While Merck's expenses are indicative of its established market presence, Halozyme's rising costs suggest aggressive expansion and investment in its operations.
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