| __timestamp | Ligand Pharmaceuticals Incorporated | Vertex Pharmaceuticals Incorporated |
|---|---|---|
| Wednesday, January 1, 2014 | 22570000 | 305409000 |
| Thursday, January 1, 2015 | 24378000 | 377080000 |
| Friday, January 1, 2016 | 26621000 | 432829000 |
| Sunday, January 1, 2017 | 28653000 | 496079000 |
| Monday, January 1, 2018 | 37734000 | 557616000 |
| Tuesday, January 1, 2019 | 41884000 | 658498000 |
| Wednesday, January 1, 2020 | 64435000 | 770456000 |
| Friday, January 1, 2021 | 57483000 | 840100000 |
| Saturday, January 1, 2022 | 70062000 | 944700000 |
| Sunday, January 1, 2023 | 52790000 | 1136600000 |
| Monday, January 1, 2024 | 1464300000 |
Data in motion
In the competitive landscape of pharmaceuticals, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, Vertex Pharmaceuticals Incorporated and Ligand Pharmaceuticals Incorporated have demonstrated contrasting approaches to SG&A efficiency. From 2014 to 2023, Vertex's SG&A expenses surged by approximately 272%, reflecting its aggressive expansion and investment in administrative capabilities. In contrast, Ligand's expenses grew by about 134%, indicating a more conservative approach.
Vertex's strategy appears to focus on scaling operations, as evidenced by its SG&A expenses reaching over $1.1 billion in 2023, a stark contrast to Ligand's $52.8 million. This disparity highlights Vertex's commitment to growth, while Ligand maintains a leaner operational model. As the pharmaceutical industry evolves, these strategies will play a pivotal role in shaping each company's market position.
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