Who Optimizes SG&A Costs Better? Soleno Therapeutics, Inc. or Iovance Biotherapeutics, Inc.

Biotech Giants: SG&A Cost Strategies Compared

__timestampIovance Biotherapeutics, Inc.Soleno Therapeutics, Inc.
Wednesday, January 1, 201493357722917513
Thursday, January 1, 2015123900007878291
Friday, January 1, 2016256020008366794
Sunday, January 1, 2017212620006610381
Monday, January 1, 2018284300006556000
Tuesday, January 1, 2019408490006930000
Wednesday, January 1, 2020602100008758000
Friday, January 1, 20218366400010806000
Saturday, January 1, 20221040970009844000
Sunday, January 1, 202310691600013481000
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Unlocking the unknown

Optimizing SG&A Costs: A Tale of Two Biotech Firms

In the competitive world of biotechnology, managing Selling, General, and Administrative (SG&A) expenses is crucial for financial health. Over the past decade, Iovance Biotherapeutics, Inc. and Soleno Therapeutics, Inc. have taken different paths in optimizing these costs. From 2014 to 2023, Iovance's SG&A expenses surged by over 1,000%, peaking in 2023. This reflects their aggressive expansion and investment in administrative capabilities. In contrast, Soleno's expenses grew by approximately 360%, indicating a more conservative approach. Despite Iovance's higher absolute costs, their strategic investments may position them for long-term growth. Meanwhile, Soleno's steady expense management suggests a focus on sustainable operations. This comparison highlights the diverse strategies within the biotech sector, where balancing cost management with growth ambitions is key.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025