Who Optimizes SG&A Costs Better? Ionis Pharmaceuticals, Inc. or Agios Pharmaceuticals, Inc.

Ionis vs. Agios: Who masters SG&A cost efficiency?

__timestampAgios Pharmaceuticals, Inc.Ionis Pharmaceuticals, Inc.
Wednesday, January 1, 20141912000020140000
Thursday, January 1, 20153599200037173000
Friday, January 1, 20165071400048616000
Sunday, January 1, 201771124000108488000
Monday, January 1, 2018114145000244622000
Tuesday, January 1, 2019132034000287000000
Wednesday, January 1, 2020149070000354000000
Friday, January 1, 2021121445000186000000
Saturday, January 1, 2022121673000151000000
Sunday, January 1, 2023119903000232600000
Monday, January 1, 2024156784000
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Cracking the code

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 sustaining growth and innovation. Ionis Pharmaceuticals, Inc. and Agios Pharmaceuticals, Inc. have been navigating this financial landscape since 2014. Over the years, Ionis has consistently spent more on SG&A, peaking in 2020 with expenses nearly 2.4 times higher than Agios. However, Agios has shown a more stable trend, with a 2023 SG&A expense of approximately 120 million, reflecting a 6% decrease from its 2020 peak. In contrast, Ionis saw a significant reduction in 2021, dropping by 47% from the previous year, before rising again in 2023. This fluctuation highlights Ionis's dynamic approach to cost management. As both companies continue to innovate, their ability to optimize SG&A costs will be pivotal in maintaining their competitive edge.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025