SG&A Efficiency Analysis: Comparing Neurocrine Biosciences, Inc. and Galapagos NV

Biotech SG&A: Neurocrine vs. Galapagos Efficiency

__timestampGalapagos NVNeurocrine Biosciences, Inc.
Wednesday, January 1, 2014907900017986000
Thursday, January 1, 20152030900032480000
Friday, January 1, 20161694500068081000
Sunday, January 1, 201720559000169906000
Monday, January 1, 201829641000248932000
Tuesday, January 1, 201988258000354100000
Wednesday, January 1, 2020162170000433300000
Friday, January 1, 2021167218000583300000
Saturday, January 1, 2022239528000752700000
Sunday, January 1, 202394252000887600000
Monday, January 1, 20241007200000
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Cracking the code

SG&A Efficiency: A Tale of Two Biotechs

In the competitive world of biotechnology, managing operational expenses is crucial for sustained growth. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of Neurocrine Biosciences, Inc. and Galapagos NV from 2014 to 2023. Over this period, Neurocrine Biosciences consistently outpaced Galapagos NV in SG&A spending, with a peak in 2023 where their expenses were nearly 9 times higher. This trend reflects Neurocrine's aggressive expansion and investment in administrative capabilities.

Galapagos NV, on the other hand, exhibited a more conservative approach, with a notable spike in 2022, reaching 240% of their 2014 expenses. This could indicate strategic investments in marketing or restructuring efforts. Understanding these trends provides insights into each company's strategic priorities and operational efficiency. As the biotech landscape evolves, monitoring SG&A efficiency will remain pivotal for investors and stakeholders alike.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025