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

Biotech Giants: SG&A Cost Management Showdown

__timestampLigand Pharmaceuticals IncorporatedXencor, Inc.
Wednesday, January 1, 2014225700007461000
Thursday, January 1, 20152437800011960000
Friday, January 1, 20162662100013108000
Sunday, January 1, 20172865300017501000
Monday, January 1, 20183773400022472000
Tuesday, January 1, 20194188400024286000
Wednesday, January 1, 20206443500029689000
Friday, January 1, 20215748300038837000
Saturday, January 1, 20227006200047489000
Sunday, January 1, 20235279000053379000
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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 maintaining profitability. Ligand Pharmaceuticals Incorporated and Xencor, Inc. have been navigating this financial landscape since 2014. Over the past decade, Ligand Pharmaceuticals has seen its SG&A expenses grow by approximately 133%, peaking in 2022. In contrast, Xencor, Inc. has experienced a more dramatic increase of around 615% during the same period, with a notable surge in 2023.

While Ligand's expenses have fluctuated, Xencor's consistent upward trend suggests a strategic investment in administrative capabilities. However, the 2023 data reveals a pivotal moment where Xencor's SG&A expenses slightly surpassed Ligand's, indicating a potential shift in cost management strategies. As these companies continue to evolve, their ability to optimize SG&A costs will be a key factor in their financial success.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025