Who Optimizes SG&A Costs Better? Eli Lilly and Company or Ligand Pharmaceuticals Incorporated

Eli Lilly vs. Ligand: SG&A Cost Management Showdown

__timestampEli Lilly and CompanyLigand Pharmaceuticals Incorporated
Wednesday, January 1, 2014662080000022570000
Thursday, January 1, 2015653300000024378000
Friday, January 1, 2016645200000026621000
Sunday, January 1, 2017658810000028653000
Monday, January 1, 2018597510000037734000
Tuesday, January 1, 2019621380000041884000
Wednesday, January 1, 2020612120000064435000
Friday, January 1, 2021643160000057483000
Saturday, January 1, 2022644040000070062000
Sunday, January 1, 2023694120000052790000
Monday, January 1, 20248593800000
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Optimizing SG&A Costs: A Tale of Two Companies

In the competitive world of pharmaceuticals, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Eli Lilly and Company and Ligand Pharmaceuticals Incorporated, two giants in the industry, have shown contrasting strategies over the past decade. From 2014 to 2023, Eli Lilly's SG&A expenses have hovered around $6.4 billion annually, with a slight increase of about 5% in 2023. In contrast, Ligand Pharmaceuticals has maintained a leaner approach, with expenses averaging around $42 million, peaking at $70 million in 2022. This stark difference highlights Eli Lilly's expansive operations compared to Ligand's more focused strategy. While Eli Lilly's expenses are significantly higher, their consistent management reflects stability. Ligand's lower expenses suggest a nimble approach, potentially offering higher margins. As the pharmaceutical landscape evolves, these strategies will play a pivotal role in shaping their financial futures.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025