SG&A Efficiency Analysis: Comparing Novo Nordisk A/S and Madrigal Pharmaceuticals, Inc.

SG&A Efficiency: Novo Nordisk vs. Madrigal Pharmaceuticals

__timestampMadrigal Pharmaceuticals, Inc.Novo Nordisk A/S
Wednesday, January 1, 20141574600026760000000
Thursday, January 1, 20151339200032169000000
Friday, January 1, 2016929000032339000000
Sunday, January 1, 2017767200032124000000
Monday, January 1, 20181529300033313000000
Tuesday, January 1, 20192264800035830000000
Wednesday, January 1, 20202186400036886000000
Friday, January 1, 20213731800041058000000
Saturday, January 1, 20224813000050684000000
Sunday, January 1, 202310814600061598000000
Monday, January 1, 202467377000000
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Data in motion

SG&A Efficiency: A Tale of Two Companies

In the competitive landscape of pharmaceuticals, understanding operational efficiency is crucial. Novo Nordisk A/S and Madrigal Pharmaceuticals, Inc. offer a fascinating study in contrasts. Over the past decade, Novo Nordisk has consistently maintained a robust SG&A expense, peaking at approximately $61.6 billion in 2023, reflecting its expansive global operations. In contrast, Madrigal Pharmaceuticals, with a more focused portfolio, saw its SG&A expenses grow from $15.7 million in 2014 to $108 million in 2023, marking a staggering 587% increase. This growth underscores Madrigal's aggressive market expansion and investment in sales and administrative capabilities. While Novo Nordisk's expenses grew by about 130% over the same period, its scale and market presence provide a different efficiency narrative. This comparison highlights the diverse strategies companies employ to balance growth and operational costs in the pharmaceutical sector.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025