Who Optimizes SG&A Costs Better? Madrigal Pharmaceuticals, Inc. or BioCryst Pharmaceuticals, Inc.

Biotech Giants: A Decade of SG&A Cost Strategies

__timestampBioCryst Pharmaceuticals, Inc.Madrigal Pharmaceuticals, Inc.
Wednesday, January 1, 2014746100015746000
Thursday, January 1, 20151304700013392000
Friday, January 1, 2016112530009290000
Sunday, January 1, 2017139330007672000
Monday, January 1, 20182951400015293000
Tuesday, January 1, 20193712100022648000
Wednesday, January 1, 20206792900021864000
Friday, January 1, 202111881800037318000
Saturday, January 1, 202215937100048130000
Sunday, January 1, 2023213894000108146000
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Cracking the code

Optimizing SG&A Costs: A Tale of Two Biotechs

In the competitive world of biotechnology, managing Selling, General, and Administrative (SG&A) expenses is crucial for financial health. Over the past decade, BioCryst Pharmaceuticals, Inc. and Madrigal Pharmaceuticals, Inc. have taken different paths in optimizing these costs. From 2014 to 2023, BioCryst's SG&A expenses surged by nearly 280%, peaking in 2023. In contrast, Madrigal's expenses grew by approximately 590% during the same period, reflecting a more aggressive expansion strategy.

BioCryst's expenses remained relatively stable until 2018, after which they escalated, indicating a strategic shift. Meanwhile, Madrigal maintained a more consistent growth trajectory, with a notable spike in 2023. This data suggests that while both companies are expanding, their approaches to managing operational costs differ significantly. Investors and industry analysts should consider these trends when evaluating the companies' long-term sustainability and growth potential.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025