Who Optimizes SG&A Costs Better? CymaBay Therapeutics, Inc. or Xencor, Inc.

Biotech Giants: SG&A Cost Strategies Unveiled

__timestampCymaBay Therapeutics, Inc.Xencor, Inc.
Wednesday, January 1, 201481850007461000
Thursday, January 1, 2015887100011960000
Friday, January 1, 2016964500013108000
Sunday, January 1, 20171238700017501000
Monday, January 1, 20181438100022472000
Tuesday, January 1, 20191923800024286000
Wednesday, January 1, 20201742500029689000
Friday, January 1, 20212304000038837000
Saturday, January 1, 20222511600047489000
Sunday, January 1, 20235195300053379000
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Unlocking the unknown

Optimizing SG&A Costs: A Tale of Two Biotechs

In the competitive world of biotechnology, managing Selling, General, and Administrative (SG&A) expenses is crucial for financial health. CymaBay Therapeutics, Inc. and Xencor, Inc. have been navigating this landscape since 2014. Over the past decade, Xencor has consistently outpaced CymaBay in SG&A spending, with a 40% higher average annual expense. However, CymaBay's recent surge in 2023, with a 107% increase from 2022, suggests a strategic pivot. Meanwhile, Xencor's expenses grew by 12% in the same period, indicating a more stable approach. This data highlights the contrasting strategies of these companies: CymaBay's aggressive expansion versus Xencor's steady growth. As the biotech industry evolves, these trends offer valuable insights into how companies balance innovation with cost management.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025