Who Optimizes SG&A Costs Better? Ligand Pharmaceuticals Incorporated or Amphastar Pharmaceuticals, Inc.

Comparing SG&A cost strategies of two pharmaceutical giants.

__timestampAmphastar Pharmaceuticals, Inc.Ligand Pharmaceuticals Incorporated
Wednesday, January 1, 20144037300022570000
Thursday, January 1, 20154697400024378000
Friday, January 1, 20164729800026621000
Sunday, January 1, 20175091800028653000
Monday, January 1, 20185804400037734000
Tuesday, January 1, 20196310900041884000
Wednesday, January 1, 20206515700064435000
Friday, January 1, 20216892000057483000
Saturday, January 1, 20226659200070062000
Sunday, January 1, 20238039300052790000
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Igniting the spark of knowledge

Optimizing SG&A Costs: A Tale of Two Pharmaceuticals

In the competitive world of pharmaceuticals, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Over the past decade, Amphastar Pharmaceuticals, Inc. and Ligand Pharmaceuticals Incorporated have shown distinct strategies in optimizing these costs.

A Decade of Financial Strategy

From 2014 to 2023, Amphastar's SG&A expenses grew by approximately 99%, peaking in 2023. In contrast, Ligand's expenses increased by about 134% during the same period, with a notable spike in 2022. Despite Ligand's higher growth rate, Amphastar maintained a more consistent upward trend, suggesting a steady investment in operational efficiency.

Strategic Insights

Amphastar's approach reflects a gradual scaling of operations, while Ligand's fluctuating expenses indicate strategic shifts, possibly in response to market dynamics. Understanding these patterns offers valuable insights into how each company navigates the complex landscape of pharmaceutical management.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025