SG&A Efficiency Analysis: Comparing Ligand Pharmaceuticals Incorporated and Geron Corporation

Biotech SG&A: Ligand vs. Geron - A Decade of Spending

__timestampGeron CorporationLigand Pharmaceuticals Incorporated
Wednesday, January 1, 20141675800022570000
Thursday, January 1, 20151779300024378000
Friday, January 1, 20161876100026621000
Sunday, January 1, 20171928700028653000
Monday, January 1, 20181870700037734000
Tuesday, January 1, 20192089300041884000
Wednesday, January 1, 20202567800064435000
Friday, January 1, 20212966500057483000
Saturday, January 1, 20224362800070062000
Sunday, January 1, 20236913500052790000
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In pursuit of knowledge

SG&A Efficiency: A Tale of Two Biotech Companies

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 Ligand Pharmaceuticals Incorporated and Geron Corporation from 2014 to 2023. Over this period, Ligand Pharmaceuticals consistently outspent Geron Corporation, with an average SG&A expense of approximately $42.7 million annually, compared to Geron's $28 million. Notably, Ligand's expenses peaked in 2022 at $70 million, reflecting a strategic investment in growth initiatives. Meanwhile, Geron saw a significant increase in 2023, with expenses rising to $69 million, a 58% jump from the previous year. This surge may indicate a shift in Geron's operational strategy or an expansion effort. Understanding these trends provides valuable insights into how these companies allocate resources to drive innovation and maintain competitiveness in the biotech sector.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025