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

Biotech Giants: A Decade of SG&A Cost Management

__timestampCelldex Therapeutics, Inc.Ligand Pharmaceuticals Incorporated
Wednesday, January 1, 20142062200022570000
Thursday, January 1, 20153383700024378000
Friday, January 1, 20163597900026621000
Sunday, January 1, 20172500300028653000
Monday, January 1, 20181926900037734000
Tuesday, January 1, 20191542600041884000
Wednesday, January 1, 20201445600064435000
Friday, January 1, 20212048800057483000
Saturday, January 1, 20222719500070062000
Sunday, January 1, 20233091400052790000
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Infusing magic into the data realm

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, Ligand Pharmaceuticals Incorporated and Celldex Therapeutics, Inc. have taken different paths in optimizing these costs. From 2014 to 2023, Ligand Pharmaceuticals consistently reported higher SG&A expenses, peaking in 2022 with a 64% increase from 2014. In contrast, Celldex Therapeutics showed a more volatile pattern, with a notable dip in 2020, reducing their SG&A expenses by 30% compared to 2016. However, by 2023, Celldex's expenses rebounded, marking a 50% increase from their 2020 low. This data highlights Ligand's steady growth in administrative spending, while Celldex's fluctuating expenses suggest a more dynamic approach. Understanding these trends provides valuable insights into each company's strategic priorities and operational efficiencies.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025