Vertex Pharmaceuticals Incorporated or Axsome Therapeutics, Inc.: Who Manages SG&A Costs Better?

Vertex vs. Axsome: A Decade of SG&A Cost Management

__timestampAxsome Therapeutics, Inc.Vertex Pharmaceuticals Incorporated
Wednesday, January 1, 20141392830305409000
Thursday, January 1, 20152419289377080000
Friday, January 1, 20166343648432829000
Sunday, January 1, 20177206691496079000
Monday, January 1, 20189351522557616000
Tuesday, January 1, 201913598030658498000
Wednesday, January 1, 202028896749770456000
Friday, January 1, 202166646205840100000
Saturday, January 1, 2022159253661944700000
Sunday, January 1, 20233231230001136600000
Monday, January 1, 20244113590001464300000
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SG&A Cost Management: Vertex vs. Axsome

In the competitive world of pharmaceuticals, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, Vertex Pharmaceuticals Incorporated and Axsome Therapeutics, Inc. have shown contrasting approaches to SG&A cost management. From 2014 to 2023, Vertex's SG&A expenses have consistently increased, peaking at approximately $1.14 billion in 2023, reflecting a steady growth trend. In contrast, Axsome's SG&A expenses, while significantly lower, have surged by over 23,000% from 2014 to 2023, reaching around $323 million. This dramatic increase highlights Axsome's aggressive expansion strategy. Despite the disparity in absolute numbers, Axsome's rapid growth in SG&A expenses suggests a strategic investment in scaling operations. Meanwhile, Vertex's larger but more stable SG&A growth indicates a mature, well-established market presence. Understanding these trends provides valuable insights into each company's operational strategies and market positioning.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025