QUOTE AND NEWS
Yahoo  Sep 14  Comment 
BioMarin Pharmaceutical Inc’s (NASDAQ:BMRN): BioMarin Pharmaceutical, Inc., a biotechnology company, develops and commercializes therapies for people with serious and life-threatening rare diseases and medical conditions. The company’s loss...
FiercePharma  Sep 4  Comment 
BioMarin had its first manufacturing site outside of the U.S. approved just last year. But the genetic disease specialist is already expanding the site in Ireland and adding dozens of new jobs.
Motley Fool  Aug 7  Comment 
Management thinks it can get there with its latest drug approval.
FiercePharma  Jul 15  Comment 
BioMarin is sponsoring a first-of-its-kind musical performance created by aspiring musically minded teens with bleeding disorders.
FierceBiotech  Jul 5  Comment 
BioMarin has teamed up with a local senior center in San Rafael, California, to advance a development project that would turn an old environmental cleanup site downtown into new laboratory and office space, as well as provide affordable housing...
Motley Fool  Jun 7  Comment 
There are thousands of publicly traded stocks, but I settled on adding these three to my portfolio this month.




 

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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