QUOTE AND NEWS
Benzinga  Nov 29  Comment 
  Barclays cut BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) price target from $125 to $105. BioMarin Pharmaceutical shares closed at $88.36 on Monday. SunTrust Robinson Humphrey lowered the price target on Penntex Midstream Partners...
Motley Fool  Nov 9  Comment 
Investors believe a Trump presidency is better for the biotech industry than a Clinton one would have been.
Forbes  Nov 9  Comment 
Looking back to 92 days ago, BioMarin Pharmaceutical Inc. (NASD: BMRN) priced a 7,500,000 share secondary stock offering at $96.00 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment...
Motley Fool  Nov 8  Comment 
BioMarin's stock migrated south last month along with the bulk of the biotech flock. Should investors take advantage of this pullback?
Benzinga  Nov 7  Comment 
Piper Jaffray’s Joshua Schimmer believes there are several underappreciated risks ahead for BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) and would prefer greater visibility into some of the “moving parts” in the story. Schimmer downgraded...
Motley Fool  Oct 31  Comment 
The biotech moves down the road towards profitability.
Forbes  Oct 14  Comment 
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative...




 

BioMarin Pharmaceutical Inc. (BMRN), a developer of enzyme-related therapies (ERT), co-markets Aldurazyme with Genzyme Corporation (GENZ) for the treatment of MPS-I (mucopolysaccharidosis). MPS-I is a rare genetic enzyme deficiency disorder, afflicting roughly 3,000 people worldwide, caused by the lack of a specific enzyme involved in lysosomal storage. More common names for mucopolysaccharidosis are Hurler's Syndrome, Hurler-Scheie, and Scheie's Disease. The company's other developed product, Naglazyme, for MPS-VI, recently entered the market. MPS-VI is also a rare genetic enzyme deficiency disorder, with an estimated 1,100 people suffering from it worldwide. The company's third lead drug, Kuvan, received FDA approval for the treatment of PKU in December 2007. With the recent launch of Kuvan, the company now has three products on the market. The company also receives royalties and license revenue on sales of the Orapred franchise from Alliant Pharmaceuticals. In 2004, the company acquired Orapred, a grape-flavored oral corticosteroid liquid for the treatment of severe asthma in children and subsequently licensed the franchise to Alliant Pharmaceuticals in March 2006. BioMarin, headquartered in Novato, CA, employs roughly 300 people.

Business Overview

Business & Financial Metrics

In 2009, BMRN incurred a net loss of $488 thousand on revenues of $324.7 million. This represents a real turnaround from 2008, when the company earned $30.8 million on $296.5 million in revenues.[1]

Geographical Distribution[2]

BioMarin generates the majority of its revenues from sales in Europe.

IMAGE:BMRN-Geography2009.jpg[2]

Competition

BioMarin competes with companies like:

References

  1. BMRN 2009 10-K pg. 36  
  2. 2.0 2.1 BMRN 2009 10-K pg. 16  
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