Who Optimizes SG&A Costs Better? Iovance Biotherapeutics, Inc. or Dynavax Technologies Corporation

Biotech Giants: Who Manages SG&A Costs More Effectively?

__timestampDynavax Technologies CorporationIovance Biotherapeutics, Inc.
Wednesday, January 1, 2014177630009335772
Thursday, January 1, 20152218000012390000
Friday, January 1, 20163725700025602000
Sunday, January 1, 20172736700021262000
Monday, January 1, 20186477000028430000
Tuesday, January 1, 20197498600040849000
Wednesday, January 1, 20207925600060210000
Friday, January 1, 202110015600083664000
Saturday, January 1, 2022131408000104097000
Sunday, January 1, 2023152946000106916000
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Unveiling the hidden dimensions of data

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. Over the past decade, Dynavax Technologies Corporation and Iovance Biotherapeutics, Inc. have shown distinct strategies in optimizing these costs. From 2014 to 2023, Dynavax's SG&A expenses surged by over 760%, while Iovance's increased by approximately 1,045%. Despite this, Dynavax maintained a more consistent growth pattern, with expenses peaking at 2023, reflecting a strategic expansion phase. In contrast, Iovance's expenses showed a sharper rise, indicating aggressive investment in administrative capabilities. By 2023, Dynavax's SG&A expenses were about 43% higher than Iovance's, suggesting a more robust administrative framework. This data highlights the importance of strategic cost management in sustaining growth and competitiveness in the biotech sector.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025