SG&A Efficiency Analysis: Comparing Travere Therapeutics, Inc. and Celldex Therapeutics, Inc.

Biotech SG&A: Travere vs. Celldex Efficiency Battle

__timestampCelldex Therapeutics, Inc.Travere Therapeutics, Inc.
Wednesday, January 1, 20142062200059644696
Thursday, January 1, 20153383700079541000
Friday, January 1, 20163597900098015000
Sunday, January 1, 201725003000103958000
Monday, January 1, 201819269000103654000
Tuesday, January 1, 201915426000128951000
Wednesday, January 1, 202014456000135799000
Friday, January 1, 202120488000149883000
Saturday, January 1, 202227195000220206000
Sunday, January 1, 202330914000265542000
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In pursuit of knowledge

SG&A Efficiency: A Tale of Two Biotechs

In the competitive world of biotechnology, managing operational expenses is crucial for success. This analysis compares the Selling, General, and Administrative (SG&A) expenses of Travere Therapeutics, Inc. and Celldex Therapeutics, Inc. over the past decade. From 2014 to 2023, Travere consistently outspent Celldex, with SG&A expenses peaking at $266 million in 2023, a staggering 330% increase from 2014. In contrast, Celldex's expenses grew by 50% over the same period, reaching $31 million in 2023. This disparity highlights Travere's aggressive investment in administrative functions, possibly reflecting a strategy to scale operations rapidly. Meanwhile, Celldex's more conservative spending may indicate a focus on lean operations. Understanding these trends provides valuable insights into each company's strategic priorities and operational efficiency. As the biotech landscape evolves, monitoring SG&A efficiency will remain a key indicator of financial health and strategic direction.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025