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

Biotech Giants' SG&A Cost Management: A Decade in Review

__timestampImmunityBio, Inc.Iovance Biotherapeutics, Inc.
Wednesday, January 1, 201443260009335772
Thursday, January 1, 201522620600012390000
Friday, January 1, 20169439100025602000
Sunday, January 1, 20175382100021262000
Monday, January 1, 20183546300028430000
Tuesday, January 1, 20194645600040849000
Wednesday, January 1, 20207131800060210000
Friday, January 1, 202113525600083664000
Saturday, January 1, 2022102708000104097000
Sunday, January 1, 2023129620000106916000
Loading chart...

Unlocking the unknown

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

In the competitive world of biotechnology, managing Selling, General, and Administrative (SG&A) expenses is crucial for financial health. ImmunityBio, Inc. and Iovance Biotherapeutics, Inc. have been navigating this challenge since 2014. Over the past decade, ImmunityBio has seen a significant fluctuation in its SG&A costs, peaking in 2015 with a staggering 2,262% increase from the previous year. Meanwhile, Iovance Biotherapeutics has maintained a more consistent trajectory, with a notable 14% increase in 2023 compared to 2022.

Despite ImmunityBio's higher average SG&A expenses, Iovance's steady growth suggests a more controlled approach to cost management. As both companies continue to innovate in the biotech space, their ability to optimize these expenses will be pivotal in sustaining their competitive edge. Investors and industry watchers should keep a close eye on these trends as they unfold in the coming years.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025