QUOTE AND NEWS
Motley Fool  Apr 6  Comment 
These three stocks are worth holding on to for the duration.
Benzinga  Apr 5  Comment 
When people talk Gilead Sciences, Inc. (NASDAQ: GILD) takeover possibilities, TESARO Inc (NASDAQ: TSRO) and Incyte Corporation (NASDAQ: INCY) commonly surface. But biotech reporter Adam Feuerstein posited a less conventional interest —...
Motley Fool  Apr 2  Comment 
Major FDA decisions are on the way this month for Neurocrine, Incyte, Lilly, and BioMarin.
Benzinga  Feb 27  Comment 
“While we see potential approval of two products this year and meaningful pipeline progress, we continue to believe BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) is relatively expensive as it consistently trades at the top of peers,” Wedbush’s...
Motley Fool  Feb 25  Comment 
It only took four drugs to do it.




 

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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