Who Optimizes SG&A Costs Better? Regeneron Pharmaceuticals, Inc. or Protagonist Therapeutics, Inc.

Biotech Giants' SG&A Strategies: A Decade in Review

__timestampProtagonist Therapeutics, Inc.Regeneron Pharmaceuticals, Inc.
Wednesday, January 1, 20141860000504755000
Thursday, January 1, 20152963000838526000
Friday, January 1, 201669610001177697000
Sunday, January 1, 2017117790001320433000
Monday, January 1, 2018136970001556200000
Tuesday, January 1, 2019157490001834800000
Wednesday, January 1, 2020186380001346000000
Friday, January 1, 2021271960001824900000
Saturday, January 1, 2022317390002115900000
Sunday, January 1, 2023334910002631300000
Monday, January 1, 20242954400000
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Optimizing SG&A Costs: A Tale of Two Biotech Giants

In the competitive world of biotechnology, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, Regeneron Pharmaceuticals, Inc. and Protagonist Therapeutics, Inc. have demonstrated contrasting approaches to SG&A cost management.

From 2014 to 2023, Regeneron consistently reported higher SG&A expenses, peaking at approximately $2.63 billion in 2023. Despite this, their expenses grew at a modest rate of around 5% annually, reflecting a strategic balance between growth and cost control. In contrast, Protagonist Therapeutics, with a smaller scale, saw its SG&A expenses surge by over 1,700% during the same period, reaching $33.5 million in 2023. This rapid increase highlights their aggressive expansion strategy.

Understanding these trends offers valuable insights into how biotech companies navigate financial management, balancing innovation with operational efficiency.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025