QUOTE AND NEWS
Motley Fool  5 hrs ago  Comment 
BioMarin's acquisition of Prosensa puts it in direct competition with Sarepta.
Benzinga  Nov 24  Comment 
Following the market opening Monday, the Dow traded up 0.07 percent to 17,822.01 while the NASDAQ gained 0.53 percent to 4,738.13. The S&P also rose, gaining 0.20 percent to 2,067.54. Leading and Lagging Sectors In trading on Monday,...
Benzinga  Nov 24  Comment 
Prosensa Holding N.V. (NASDAQ: RNA) shares jumped 63.02% to reach a new 52-week high of $18.65 after BioMarin Pharmaceutical (NASDAQ: BMRN) announced its plans to acquire Prosensa for $17.75 per share. CDW (NYSE: CDW) shares touched a new...
Benzinga  Nov 24  Comment 
Shares of Sarepta Therapeutics Inc (NASDAQ: SRPT) are in play on Monday amid consolidation announcements within the sector. On Monday, BioMarin Pharmaceutical Inc. announced the company will acquire Prosensa Holding NV for roughly $680...
Benzinga  Nov 24  Comment 
Prosensa Holding NV (NASDAQ: RNA) shares jumped 62.15% to $18.55 in pre-market trading after BioMarin Pharmaceutical (NASDAQ: BMRN) announced its plans to acquire Prosensa for $17.75 per share. Cimatron (NASDAQ: CIMT) shares surged 43.56% to...
Wall Street Journal  Nov 24  Comment 
BioMarin Pharmaceutical said it agreed to acquire Prosensa Holding NV, a bet that regulators will approve Prosensa’s lead product candidate for a rare form of muscular dystrophy.
Market Intelligence Center  Nov 12  Comment 
BioMarin Pharmaceutical (BMRN) traded between $85.77 and $87.50 before closing at $86.12 Tuesday and presents some attractive trading opportunities today. MarketIntelligenceCenter.com’s patented algorithms selected a Jan. '15 $85.00 covered call...
Benzinga  Nov 10  Comment 
Regulus Therapeutics (NASDAQ: RGLS) shares reached a new 52-week high of $25.251. Regulus Therapeutics shares have jumped 265.56% over the past 52 weeks, while the S&P 500 index has gained 14.68% in the same period. BioMarin Pharmaceutical...
Benzinga  Nov 10  Comment 
Goldman Sachs upgraded BioMarin Pharmaceutical (NASDAQ: BMRN) from Neutral to Buy. The price target for BioMarin Pharmaceutical has been raised from $78.00 to $104.00. BioMarin Pharmaceutical shares have gained 35.34% over the past 52 weeks,...
Benzinga  Nov 10  Comment 
Motley Fool  Nov 5  Comment 
BioMarin Pharmaceutical was among the best-performing biotech stocks in October. Find out why shares took off and whether or not BioMarin can head even higher.




 

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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