| __timestamp | Iovance Biotherapeutics, Inc. | Jazz Pharmaceuticals plc |
|---|---|---|
| Wednesday, January 1, 2014 | 9335772 | 406114000 |
| Thursday, January 1, 2015 | 12390000 | 449119000 |
| Friday, January 1, 2016 | 25602000 | 502892000 |
| Sunday, January 1, 2017 | 21262000 | 544156000 |
| Monday, January 1, 2018 | 28430000 | 683530000 |
| Tuesday, January 1, 2019 | 40849000 | 736942000 |
| Wednesday, January 1, 2020 | 60210000 | 854233000 |
| Friday, January 1, 2021 | 83664000 | 1451683000 |
| Saturday, January 1, 2022 | 104097000 | 1416967000 |
| Sunday, January 1, 2023 | 106916000 | 1343105000 |
Unleashing insights
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.
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