Who Optimizes SG&A Costs Better? Jazz Pharmaceuticals plc or Iovance Biotherapeutics, Inc.

SG&A Cost Management: Jazz vs. Iovance

__timestampIovance Biotherapeutics, Inc.Jazz Pharmaceuticals plc
Wednesday, January 1, 20149335772406114000
Thursday, January 1, 201512390000449119000
Friday, January 1, 201625602000502892000
Sunday, January 1, 201721262000544156000
Monday, January 1, 201828430000683530000
Tuesday, January 1, 201940849000736942000
Wednesday, January 1, 202060210000854233000
Friday, January 1, 2021836640001451683000
Saturday, January 1, 20221040970001416967000
Sunday, January 1, 20231069160001343105000
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Infusing magic into the data realm

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

In the competitive world of biopharmaceuticals, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Jazz Pharmaceuticals plc and Iovance Biotherapeutics, Inc. have taken different paths in this regard over the past decade. From 2014 to 2023, Jazz Pharmaceuticals consistently reported higher SG&A expenses, peaking at approximately $1.45 billion in 2021. This represents a staggering 257% increase from their 2014 expenses. In contrast, Iovance Biotherapeutics, while starting with significantly lower expenses, saw a more dramatic rise, with a 1,042% increase over the same period, reaching around $107 million in 2023.

This data highlights the contrasting strategies of these companies. Jazz's larger scale and broader market presence may justify its higher expenses, while Iovance's rapid growth suggests aggressive expansion efforts. Understanding these trends provides valuable insights into the financial strategies of leading biopharma companies.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025