Who Optimizes SG&A Costs Better? ADMA Biologics, Inc. or Agios Pharmaceuticals, Inc.

Biotech Giants: A Decade of SG&A Cost Strategies

__timestampADMA Biologics, Inc.Agios Pharmaceuticals, Inc.
Wednesday, January 1, 2014482386919120000
Thursday, January 1, 2015674596835992000
Friday, January 1, 2016849474250714000
Sunday, January 1, 20171809283571124000
Monday, January 1, 201822502922114145000
Tuesday, January 1, 201925910757132034000
Wednesday, January 1, 202035050817149070000
Friday, January 1, 202142896889121445000
Saturday, January 1, 202252458024121673000
Sunday, January 1, 202359020000119903000
Monday, January 1, 2024156784000
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In pursuit of knowledge

Optimizing SG&A Costs: A Tale of Two Biotech Companies

In the competitive world of biotechnology, managing Selling, General, and Administrative (SG&A) expenses is crucial for financial health. Over the past decade, ADMA Biologics, Inc. and Agios Pharmaceuticals, Inc. have taken different paths in optimizing these costs. From 2014 to 2023, ADMA Biologics saw a steady increase in SG&A expenses, starting at approximately $4.8 million and reaching nearly $59 million by 2023. This represents a growth of over 1,100%, reflecting their aggressive expansion strategy.

Conversely, Agios Pharmaceuticals began with higher SG&A costs, around $19 million in 2014, peaking at $149 million in 2020, before slightly reducing to $119 million in 2023. This fluctuation indicates a more volatile approach, possibly due to strategic shifts or market conditions. Understanding these trends offers valuable insights into how each company navigates financial management in a dynamic industry.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025