| __timestamp | Novartis AG | Xenon Pharmaceuticals Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 14993000000 | 5496000 |
| Thursday, January 1, 2015 | 14247000000 | 9786000 |
| Friday, January 1, 2016 | 14192000000 | 6792000 |
| Sunday, January 1, 2017 | 14997000000 | 7313000 |
| Monday, January 1, 2018 | 16471000000 | 8382000 |
| Tuesday, January 1, 2019 | 14369000000 | 10803000 |
| Wednesday, January 1, 2020 | 14197000000 | 12944000 |
| Friday, January 1, 2021 | 14886000000 | 21967000 |
| Saturday, January 1, 2022 | 14253000000 | 32810000 |
| Sunday, January 1, 2023 | 12489000000 | 46542000 |
| Monday, January 1, 2024 | 12566000000 |
Cracking the code
In the world of pharmaceuticals, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, Novartis AG and Xenon Pharmaceuticals Inc. have demonstrated contrasting approaches to SG&A efficiency.
From 2014 to 2023, Novartis AG consistently maintained high SG&A expenses, averaging around $14.5 billion annually. Despite a slight decline in 2023, their expenses reflect a robust operational scale, essential for a global leader.
Conversely, Xenon Pharmaceuticals Inc. showcased a remarkable growth trajectory. Their SG&A expenses surged by over 700% from 2014 to 2023, indicating aggressive expansion and investment in market presence.
This analysis highlights the strategic differences between an established giant and an emerging contender, offering insights into their financial strategies and market positioning.
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