| __timestamp | Travere Therapeutics, Inc. | Verona Pharma plc |
|---|---|---|
| Wednesday, January 1, 2014 | 59644696 | 1802274 |
| Thursday, January 1, 2015 | 79541000 | 2512761 |
| Friday, January 1, 2016 | 98015000 | 2894488 |
| Sunday, January 1, 2017 | 103958000 | 8096274 |
| Monday, January 1, 2018 | 103654000 | 7985229 |
| Tuesday, January 1, 2019 | 128951000 | 8994597 |
| Wednesday, January 1, 2020 | 135799000 | 29772000 |
| Friday, January 1, 2021 | 149883000 | 33907000 |
| Saturday, January 1, 2022 | 220206000 | 26579000 |
| Sunday, January 1, 2023 | 265542000 | 49868547 |
Unleashing insights
In the competitive world of biotechnology, managing operational costs is crucial for success. This analysis compares the Selling, General, and Administrative (SG&A) expenses of Verona Pharma plc and Travere Therapeutics, Inc. from 2014 to 2023. Over this period, Travere Therapeutics consistently outspent Verona Pharma, with its SG&A expenses growing by approximately 345%, from $59.6 million in 2014 to $265.5 million in 2023. In contrast, Verona Pharma's expenses increased by a staggering 2,667%, from a modest $1.8 million to $49.9 million. This dramatic rise reflects Verona's aggressive expansion strategy. While Travere's expenses indicate steady growth, Verona's sharp increase suggests a significant shift in business operations. Understanding these trends provides valuable insights into each company's strategic priorities and market positioning.
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