Who Optimizes SG&A Costs Better? Blueprint Medicines Corporation or Ionis Pharmaceuticals, Inc.

Biotech Giants' SG&A Cost Strategies: A Decade in Review

__timestampBlueprint Medicines CorporationIonis Pharmaceuticals, Inc.
Wednesday, January 1, 2014789000020140000
Thursday, January 1, 20151445600037173000
Friday, January 1, 20161921800048616000
Sunday, January 1, 201727986000108488000
Monday, January 1, 201847928000244622000
Tuesday, January 1, 201996388000287000000
Wednesday, January 1, 2020157743000354000000
Friday, January 1, 2021195293000186000000
Saturday, January 1, 2022237374000151000000
Sunday, January 1, 2023295141000232600000
Monday, January 1, 2024359272000267474000
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Infusing magic into the data realm

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

In the competitive world of biotechnology, managing Selling, General, and Administrative (SG&A) expenses is crucial for financial health. Blueprint Medicines Corporation and Ionis Pharmaceuticals, Inc. have been navigating this landscape since 2014. Over the years, Blueprint Medicines has shown a steady increase in SG&A expenses, peaking at approximately $295 million in 2023. In contrast, Ionis Pharmaceuticals experienced a more volatile trend, with expenses reaching their zenith in 2020 at around $354 million before declining to $233 million in 2023.

A Decade of Financial Strategy

From 2014 to 2023, Blueprint Medicines' SG&A expenses grew by nearly 3,600%, while Ionis Pharmaceuticals saw a 1,100% increase. This suggests Blueprint's aggressive expansion strategy, whereas Ionis appears to be optimizing costs post-2020. Understanding these trends offers valuable insights into each company's strategic priorities and financial management.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025