Who Optimizes SG&A Costs Better? Exelixis, Inc. or Iovance Biotherapeutics, Inc.

Exelixis vs. Iovance: SG&A Cost Strategies Compared

__timestampExelixis, Inc.Iovance Biotherapeutics, Inc.
Wednesday, January 1, 2014508290009335772
Thursday, January 1, 20155730500012390000
Friday, January 1, 201611614500025602000
Sunday, January 1, 201715936200021262000
Monday, January 1, 201820636600028430000
Tuesday, January 1, 201922824400040849000
Wednesday, January 1, 202029335500060210000
Friday, January 1, 202140171500083664000
Saturday, January 1, 2022459856000104097000
Sunday, January 1, 2023542705000106916000
Monday, January 1, 2024492128000
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Cracking the code

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. Exelixis, Inc. and Iovance Biotherapeutics, Inc. have taken different paths in this regard over the past decade. From 2014 to 2023, Exelixis saw a staggering 967% increase in SG&A expenses, reflecting its aggressive growth strategy. In contrast, Iovance's SG&A costs rose by 1,045%, albeit from a much smaller base, indicating a more cautious expansion.

By 2023, Exelixis's SG&A expenses were nearly five times higher than Iovance's, suggesting a more substantial investment in administrative and sales functions. This divergence highlights the strategic choices each company has made in scaling their operations. As investors and industry watchers analyze these trends, the question remains: which strategy will yield better long-term returns?

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025