Veracyte, Inc. and Agios Pharmaceuticals, Inc.: SG&A Spending Patterns Compared

Biotech SG&A Spending: Veracyte vs. Agios

__timestampAgios Pharmaceuticals, Inc.Veracyte, Inc.
Wednesday, January 1, 20141912000040786000
Thursday, January 1, 20153599200047876000
Friday, January 1, 20165071400052035000
Sunday, January 1, 20177112400055348000
Monday, January 1, 201811414500065276000
Tuesday, January 1, 201913203400082720000
Wednesday, January 1, 202014907000089118000
Friday, January 1, 2021121445000181193000
Saturday, January 1, 2022121673000174078000
Sunday, January 1, 2023119903000184232000
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Unlocking the unknown

SG&A Spending Trends: A Tale of Two Biotech Companies

In the competitive world of biotechnology, strategic spending on Selling, General, and Administrative (SG&A) expenses can be a key differentiator. Over the past decade, Veracyte, Inc. and Agios Pharmaceuticals, Inc. have demonstrated distinct spending patterns. From 2014 to 2023, Veracyte's SG&A expenses surged by approximately 350%, peaking in 2023. This reflects their aggressive market expansion and investment in operational infrastructure. In contrast, Agios Pharmaceuticals saw a more moderate increase of around 525% over the same period, with a peak in 2020. This suggests a strategic pivot towards optimizing operational efficiency. Notably, Veracyte's spending overtook Agios in 2021, indicating a shift in market dynamics. These trends highlight the importance of strategic financial management in sustaining growth and competitiveness in the biotech sector.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025