Who Optimizes SG&A Costs Better? CRISPR Therapeutics AG or Xenon Pharmaceuticals Inc.

Biotech Giants: Who Manages SG&A Costs Better?

__timestampCRISPR Therapeutics AGXenon Pharmaceuticals Inc.
Wednesday, January 1, 201451140005496000
Thursday, January 1, 2015134030009786000
Friday, January 1, 2016310560006792000
Sunday, January 1, 2017358450007313000
Monday, January 1, 2018482940008382000
Tuesday, January 1, 20196348800010803000
Wednesday, January 1, 20208820800012944000
Friday, January 1, 202110280200021967000
Saturday, January 1, 202210246400032810000
Sunday, January 1, 20237616200046542000
Monday, January 1, 202472977000
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Infusing magic into the data realm

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

In the competitive world of biotechnology, managing Selling, General, and Administrative (SG&A) expenses is crucial for sustaining growth and innovation. CRISPR Therapeutics AG and Xenon Pharmaceuticals Inc. have been at the forefront of this challenge since 2014. Over the past decade, CRISPR Therapeutics AG has seen its SG&A expenses grow by approximately 1,400%, peaking in 2021. In contrast, Xenon Pharmaceuticals Inc. has maintained a more conservative growth of around 750% in the same period.

By 2023, CRISPR's SG&A expenses were about 63% higher than Xenon's, reflecting its aggressive expansion strategy. However, Xenon’s steady increase suggests a more controlled approach, potentially offering better cost optimization. As these companies continue to innovate, their ability to manage these costs will be pivotal in determining their long-term success.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025