SG&A Efficiency Analysis: Comparing Vertex Pharmaceuticals Incorporated and Galapagos NV

Biotech Giants' SG&A Strategies: A Decade in Review

__timestampGalapagos NVVertex Pharmaceuticals Incorporated
Wednesday, January 1, 20149079000305409000
Thursday, January 1, 201520309000377080000
Friday, January 1, 201616945000432829000
Sunday, January 1, 201720559000496079000
Monday, January 1, 201829641000557616000
Tuesday, January 1, 201988258000658498000
Wednesday, January 1, 2020162170000770456000
Friday, January 1, 2021167218000840100000
Saturday, January 1, 2022239528000944700000
Sunday, January 1, 2023942520001136600000
Monday, January 1, 20241464300000
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Unlocking the unknown

SG&A Efficiency: A Tale of Two Biotech Giants

In the competitive world of biotechnology, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability and growth. Over the past decade, Vertex Pharmaceuticals Incorporated and Galapagos NV have showcased contrasting strategies in this domain. From 2014 to 2023, Vertex Pharmaceuticals consistently outpaced Galapagos NV in SG&A spending, with a peak in 2023 where their expenses were approximately 12 times higher than Galapagos NV. This reflects Vertex's aggressive investment in administrative and sales capabilities, likely supporting their robust pipeline and market expansion. Meanwhile, Galapagos NV's SG&A expenses saw a significant rise in 2022, marking a 154% increase from 2014, indicating a strategic shift or expansion phase. Understanding these trends offers valuable insights into how these companies allocate resources to drive innovation and market presence.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025