Vertex Pharmaceuticals Incorporated or Biogen Inc.: Who Manages SG&A Costs Better?

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

__timestampBiogen Inc.Vertex Pharmaceuticals Incorporated
Wednesday, January 1, 20142232342000305409000
Thursday, January 1, 20152113100000377080000
Friday, January 1, 20161947900000432829000
Sunday, January 1, 20171935500000496079000
Monday, January 1, 20182106300000557616000
Tuesday, January 1, 20192374700000658498000
Wednesday, January 1, 20202504500000770456000
Friday, January 1, 20212674300000840100000
Saturday, January 1, 20222403600000944700000
Sunday, January 1, 202325497000001136600000
Monday, January 1, 202424037000001464300000
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SG&A Cost Management: Vertex vs. Biogen

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 and Biogen Inc. have demonstrated contrasting approaches to SG&A cost management.

From 2014 to 2023, Biogen's SG&A expenses have consistently been higher, averaging around 2.3 billion annually. In contrast, Vertex has maintained a leaner structure, with expenses averaging approximately 652 million, about 28% of Biogen's costs. Notably, Vertex's SG&A expenses have grown by 272% over this period, reflecting strategic investments in growth. Meanwhile, Biogen's expenses have increased by only 14%, indicating a more stable cost structure.

This data highlights the strategic choices each company makes in balancing cost management with growth initiatives, offering valuable insights for investors and industry analysts alike.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025