__timestamp | Iovance Biotherapeutics, Inc. | Vertex Pharmaceuticals Incorporated |
---|---|---|
Wednesday, January 1, 2014 | 9335772 | 60987000 |
Thursday, January 1, 2015 | 999000 | 125542000 |
Friday, January 1, 2016 | 978000 | 210460000 |
Sunday, January 1, 2017 | 952000 | 275119000 |
Monday, January 1, 2018 | 956000 | 409539000 |
Tuesday, January 1, 2019 | 8122999 | 547758000 |
Wednesday, January 1, 2020 | 8712000 | 736300000 |
Friday, January 1, 2021 | 13980000 | 904200000 |
Saturday, January 1, 2022 | 21135000 | 1080300000 |
Sunday, January 1, 2023 | 10755000 | 1262200000 |
Monday, January 1, 2024 | 1530500000 |
Igniting the spark of knowledge
In the competitive landscape of biotechnology, cost efficiency is a critical factor for success. Vertex Pharmaceuticals Incorporated and Iovance Biotherapeutics, Inc. have shown contrasting trends in their cost of revenue from 2014 to 2023. Vertex Pharmaceuticals, a leader in the industry, has consistently managed its cost of revenue, peaking at approximately $1.26 billion in 2023, a staggering 20-fold increase from 2014. This reflects their strategic investments and operational efficiency. In contrast, Iovance Biotherapeutics, a smaller player, saw its cost of revenue rise to $21 million in 2022, a significant increase from its 2014 figure. This growth, while substantial, highlights the challenges smaller firms face in scaling operations efficiently. As the biotech sector continues to evolve, understanding these financial dynamics is crucial for investors and stakeholders aiming to navigate this complex market.
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