Selling, General, and Administrative Costs: Ultragenyx Pharmaceutical Inc. vs Merus N.V.

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

__timestampMerus N.V.Ultragenyx Pharmaceutical Inc.
Wednesday, January 1, 2014385232710811000
Thursday, January 1, 201583965633001000
Friday, January 1, 2016447814564936000
Sunday, January 1, 20171643232499909000
Monday, January 1, 201811890871127724000
Tuesday, January 1, 201934110000161524000
Wednesday, January 1, 202035781000182933000
Friday, January 1, 202140896000219982000
Saturday, January 1, 202252200000278139000
Sunday, January 1, 202359836000309799000
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A Tale of Two Biotechs: Ultragenyx vs. Merus

In the competitive world of biotechnology, managing operational costs is crucial for success. This chart highlights the Selling, General, and Administrative (SG&A) expenses of Ultragenyx Pharmaceutical Inc. and Merus N.V. over the past decade. Since 2014, Ultragenyx has consistently outpaced Merus in SG&A spending, reflecting its aggressive growth strategy. By 2023, Ultragenyx's expenses soared to nearly 310% of its 2014 levels, reaching approximately $310 million. In contrast, Merus, with a more conservative approach, saw its SG&A costs increase by about 1,450% over the same period, peaking at nearly $60 million. This divergence underscores the different paths these companies have taken in scaling their operations. As investors and industry watchers analyze these trends, the question remains: will Ultragenyx's high expenditure translate into greater market dominance, or will Merus's leaner model prove more sustainable in the long run?

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025