Who Generates Higher Gross Profit? Bio-Techne Corporation or Alkermes plc

A Tale of Two Companies: Bio-Techne vs. Alkermes

In the competitive landscape of biotechnology, two companies have emerged as significant players: Bio-Techne Corporation and Alkermes plc. Over the past decade, these companies have demonstrated remarkable growth in gross profit, a key indicator of financial health and operational efficiency.

From 2014 to 2023, Alkermes plc has shown a staggering increase in gross profit, culminating in a 2023 figure that is nearly 8 times its 2014 value. This growth trajectory highlights Alkermes' strategic advancements and market adaptability. In contrast, Bio-Techne Corporation has maintained a steady upward trend, with its gross profit nearly tripling over the same period.

Interestingly, while Bio-Techne led in gross profit until 2021, Alkermes surged ahead in 2022 and 2023, showcasing a dynamic shift in market leadership. This data underscores the volatile yet exciting nature of the biotech industry, where innovation and strategy drive success.