Vericel Corporation and Ligand Pharmaceuticals Incorporated: SG&A Spending Patterns Compared

Biotech Giants: SG&A Spending Trends Unveiled

__timestampLigand Pharmaceuticals IncorporatedVericel Corporation
Wednesday, January 1, 20142257000013774000
Thursday, January 1, 20152437800022479000
Friday, January 1, 20162662100027388000
Sunday, January 1, 20172865300035610000
Monday, January 1, 20183773400049007000
Tuesday, January 1, 20194188400061139000
Wednesday, January 1, 20206443500068836000
Friday, January 1, 20215748300097592000
Saturday, January 1, 202270062000106903000
Sunday, January 1, 202352790000120998000
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In pursuit of knowledge

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

In the dynamic world of biotechnology, understanding financial trends is crucial. This analysis compares the Selling, General, and Administrative (SG&A) expenses of Vericel Corporation and Ligand Pharmaceuticals Incorporated from 2014 to 2023. Over this period, Vericel's SG&A expenses surged by approximately 780%, reflecting its aggressive growth strategy. In contrast, Ligand's expenses increased by about 134%, indicating a more conservative approach.

Key Insights

  • Vericel's Growth: By 2023, Vericel's SG&A expenses reached nearly double those of Ligand, highlighting its rapid expansion.
  • Ligand's Stability: Despite fluctuations, Ligand maintained a steady increase, peaking in 2022.

These trends underscore the differing strategic priorities of these companies, with Vericel focusing on expansion and Ligand on stability. Investors and industry analysts can glean valuable insights into corporate strategies and market positioning from these financial patterns.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025