SG&A Efficiency Analysis: Comparing Incyte Corporation and Ultragenyx Pharmaceutical Inc.

Biotech Giants: Incyte vs. Ultragenyx SG&A Trends

__timestampIncyte CorporationUltragenyx Pharmaceutical Inc.
Wednesday, January 1, 201416577200010811000
Thursday, January 1, 201519661400033001000
Friday, January 1, 201630325100064936000
Sunday, January 1, 201736640600099909000
Monday, January 1, 2018434407000127724000
Tuesday, January 1, 2019468711000161524000
Wednesday, January 1, 2020516922000182933000
Friday, January 1, 2021739560000219982000
Saturday, January 1, 20221002140000278139000
Sunday, January 1, 20231161300000309799000
Monday, January 1, 20241242157000
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SG&A Efficiency: A Tale of Two Biotechs

In the competitive world of biotechnology, managing Selling, General, and Administrative (SG&A) expenses is crucial for financial health. Over the past decade, Incyte Corporation and Ultragenyx Pharmaceutical Inc. have shown contrasting trends in their SG&A expenditures. From 2014 to 2023, Incyte's SG&A expenses surged by approximately 600%, reflecting its aggressive expansion strategy. In contrast, Ultragenyx's expenses grew by around 280%, indicating a more measured approach.

Incyte's expenses peaked in 2023, reaching nearly four times that of Ultragenyx, highlighting its significant investment in administrative capabilities. This disparity underscores the different strategic priorities of these companies. While Incyte focuses on scaling operations, Ultragenyx appears to prioritize cost efficiency. Understanding these trends offers valuable insights into how biotech firms balance growth and operational efficiency.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025