SG&A Efficiency Analysis: Comparing Apellis Pharmaceuticals, Inc. and Xenon Pharmaceuticals Inc.

Biotech SG&A: Apellis vs. Xenon Expense Trends

__timestampApellis Pharmaceuticals, Inc.Xenon Pharmaceuticals Inc.
Wednesday, January 1, 201429081665496000
Thursday, January 1, 201563567829786000
Friday, January 1, 201643037436792000
Sunday, January 1, 2017104631517313000
Monday, January 1, 2018226391848382000
Tuesday, January 1, 20196704648310803000
Wednesday, January 1, 202013940100012944000
Friday, January 1, 202117677100021967000
Saturday, January 1, 202227716300032810000
Sunday, January 1, 202350081500046542000
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Data in motion

SG&A Efficiency: A Tale of Two Biotechs

In the competitive world of biotechnology, managing operational expenses is crucial for success. Apellis Pharmaceuticals, Inc. and Xenon Pharmaceuticals Inc. offer a fascinating study in contrasts when it comes to Selling, General, and Administrative (SG&A) expenses. Over the past decade, Apellis has seen a dramatic increase in SG&A expenses, skyrocketing from approximately $2.9 million in 2014 to over $500 million in 2023. This represents a staggering growth of over 17,000%. In contrast, Xenon Pharmaceuticals has maintained a more conservative trajectory, with expenses growing from around $5.5 million in 2014 to nearly $46.5 million in 2023, marking an increase of about 745%. This divergence highlights differing strategic priorities and operational efficiencies. As investors and industry watchers analyze these trends, the question remains: which approach will yield greater long-term success?

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025