Who Optimizes SG&A Costs Better? HUTCHMED (China) Limited or Celldex Therapeutics, Inc.

SG&A Cost Strategies: HUTCHMED vs. Celldex

__timestampCelldex Therapeutics, Inc.HUTCHMED (China) Limited
Wednesday, January 1, 20142062200026684000
Thursday, January 1, 20153383700029829000
Friday, January 1, 20163597900039578000
Sunday, January 1, 20172500300043277000
Monday, January 1, 20181926900048645000
Tuesday, January 1, 20191542600052934000
Wednesday, January 1, 20201445600061349000
Friday, January 1, 202120488000127125000
Saturday, January 1, 202227195000136106000
Sunday, January 1, 202330914000133175999
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Unleashing the power of data

SG&A Cost Optimization: A Tale of Two Companies

In the competitive world of pharmaceuticals, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Over the past decade, HUTCHMED (China) Limited and Celldex Therapeutics, Inc. have taken different paths in optimizing these costs. From 2014 to 2023, HUTCHMED's SG&A expenses surged by approximately 400%, peaking at 136 million in 2022. In contrast, Celldex's expenses grew by a modest 50%, reaching around 31 million in 2023. This stark difference highlights HUTCHMED's aggressive expansion strategy, while Celldex appears to focus on lean operations. The data suggests that while HUTCHMED invests heavily in growth, Celldex prioritizes cost efficiency. As the pharmaceutical landscape evolves, these strategies will play a pivotal role in determining each company's market position.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025