Selling, General, and Administrative Costs: Neurocrine Biosciences, Inc. vs Ligand Pharmaceuticals Incorporated

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

__timestampLigand Pharmaceuticals IncorporatedNeurocrine Biosciences, Inc.
Wednesday, January 1, 20142257000017986000
Thursday, January 1, 20152437800032480000
Friday, January 1, 20162662100068081000
Sunday, January 1, 201728653000169906000
Monday, January 1, 201837734000248932000
Tuesday, January 1, 201941884000354100000
Wednesday, January 1, 202064435000433300000
Friday, January 1, 202157483000583300000
Saturday, January 1, 202270062000752700000
Sunday, January 1, 202352790000887600000
Monday, January 1, 20241007200000
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In pursuit of knowledge

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

In the competitive world of biotechnology, managing operational costs is crucial for sustained growth. This chart compares the Selling, General, and Administrative (SG&A) expenses of Neurocrine Biosciences, Inc. and Ligand Pharmaceuticals Incorporated from 2014 to 2023. Over this period, Neurocrine Biosciences has seen a staggering increase in SG&A expenses, growing nearly 50 times from 2014 to 2023. In contrast, Ligand Pharmaceuticals experienced a more modest growth, with expenses increasing by approximately 130% over the same period.

The data reveals a significant divergence in spending strategies. Neurocrine's aggressive investment in administrative and selling capabilities may reflect its expansion efforts and market penetration strategies. Meanwhile, Ligand's steadier increase suggests a more conservative approach. This comparison offers a fascinating glimpse into how two companies navigate the financial demands of the biotech industry, each with its unique strategy and growth trajectory.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025