SG&A Efficiency Analysis: Comparing BioMarin Pharmaceutical Inc. and Axsome Therapeutics, Inc.

Biotech SG&A: BioMarin vs. Axsome's Strategic Spending

__timestampAxsome Therapeutics, Inc.BioMarin Pharmaceutical Inc.
Wednesday, January 1, 20141392830302156000
Thursday, January 1, 20152419289402271000
Friday, January 1, 20166343648476593000
Sunday, January 1, 20177206691554336000
Monday, January 1, 20189351522604353000
Tuesday, January 1, 201913598030680924000
Wednesday, January 1, 202028896749737669000
Friday, January 1, 202166646205759375000
Saturday, January 1, 2022159253661854009000
Sunday, January 1, 2023323123000937300000
Monday, January 1, 20244113590001009025000
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Unleashing insights

SG&A Efficiency: A Tale of Two Biotechs

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 BioMarin Pharmaceutical Inc. and Axsome Therapeutics, Inc. over the past decade. BioMarin, a seasoned player, consistently spent more on SG&A, peaking at approximately $937 million in 2023. In contrast, Axsome, a rising star, saw its SG&A expenses skyrocket by over 23,000% from 2014 to 2023, reaching around $323 million. This dramatic increase reflects Axsome's aggressive growth strategy. While BioMarin's expenses grew steadily, Axsome's rapid escalation highlights its transition from a small-cap to a more established biotech firm. Understanding these trends offers insights into each company's strategic priorities and market positioning. As the biotech landscape evolves, monitoring SG&A efficiency remains vital for investors and stakeholders.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025