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Last $129.24 USD
Change Today -3.94 / -2.96%
Volume 1.2M
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

biomarin pharmaceutical inc (BMRN) Snapshot

Open
$134.05
Previous Close
$133.18
Day High
$136.85
Day Low
$128.67
52 Week High
07/20/15 - $151.75
52 Week Low
10/15/14 - $65.91
Market Cap
20.8B
Average Volume 10 Days
1.2M
EPS TTM
$-1.52
Shares Outstanding
161.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BIOMARIN PHARMACEUTICAL INC (BMRN)

biomarin pharmaceutical inc (BMRN) Details

BioMarin Pharmaceutical Inc. develops and commercializes pharmaceuticals for serious diseases and medical conditions in the United States, Europe, Latin America, and internationally. Its commercial products include Vimizim, an enzyme replacement therapy for the treatment of MPS IV A, a lysosomal storage disorder; Naglazyme, a recombinant form of N-acetylgalactosamine 4-sulfatase for patients with mucopolysaccharidosis VI; Kuvan, a proprietary synthetic oral form of 6R-BH4 used to treat patients with phenylketonuria (PKU), an inherited metabolic disease; Aldurazyme used for the treatment of patients with mucopolysaccharidosis I, a genetic disease; Firdapse, a form of 3,4-diaminopyridine used for the treatment of Lambert Myasthenic Syndrome, an autoimmune disease. The company also conducts clinical trials on several investigational product candidates for the treatment of various diseases, including drisapersen, an exon-51 skipping compound for the treatment of Duchenne muscular dystrophy (DMD); pegvaliase, an enzyme substitution therapy for the treatment of PKU; reveglucosidase alfa, an enzyme replacement therapy for Pompe disease; talazoparib, an orally available poly-ADP ribose polymerase inhibitor for cancer treatment; BMN 111, a peptide therapeutic for achondroplasia treatment; BMN 044, BMN 045, and BMN 053 for DMD treatment; and cerliponase alfa for the treatment of late infantile neuronal ceroid lipofuscinosis. In addition, it develops preclinical product candidates for genetic and other metabolic diseases, such as BMN 270 and BMN 250. The company serves specialty pharmacies and end-users, such as hospitals and foreign government agencies; and distributors and pharmaceutical wholesalers. S.A. BioMarin Pharmaceutical Inc. has a collaboration agreement with Genzyme Corporation; and an agreement with Merck Serono. The company was founded in 1996 and is headquartered in San Rafael, California.

1,681 Employees
Last Reported Date: 03/2/15
Founded in 1996

biomarin pharmaceutical inc (BMRN) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $916.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $480.6K
Chief Medical Officer and Executive Vice Pres...
Total Annual Compensation: $528.2K
Chief Commercial Officer and Executive Vice P...
Total Annual Compensation: $417.7K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $409.6K
Compensation as of Fiscal Year 2014.

biomarin pharmaceutical inc (BMRN) Key Developments

BioMarin Sells PARP Inhibitor to Medivation for $570 Million

Medivation has bought itself a global license to BioMarin's talazoparibin in a deal worth $570 million. Talazoparibin is a highly-potent, orally-available PARP inhibitor currently in a Phase III study for the treatment of patients with deleterious germline BRCA 1 or BRCA 2 mutations and locally advanced and/or metastatic breast cancer. Under the terms of the deal, Medivation will pay BioMarin $410 million upfront, up to an additional $160 million upon the achievement of regulatory, and sales-based milestones and mid-single digit royalties for the drug, and assumes responsibility for all development for all indication.

BioMarin Pharmaceutical Inc. Receives Rare Pediatric Disease Designation from FDA for Drisapersen for the Potential Treatment of Duchenne Muscular Dystrophy

BioMarin Pharmaceutical Inc. announced that the U.S. Food and Drug Administration (FDA) has granted rare pediatric disease designation for drisapersen, a potential treatment for patients with Duchenne Muscular Dystrophy (DMD) who are amenable to exon 51 skipping treatment. The FDA has previously granted drisapersen Orphan and Fast Track Status, Breakthrough Therapy Designation, as well as Priority Review status, which is designated to drugs that offer major advances in treatment, or provide a treatment where no adequate therapy exists.

BioMarin Pharmaceutical Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015; Announces Impairment Charges for the Second Quarter of 2015

BioMarin Pharmaceutical Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $250,523,000 against $191,787,000 a year ago. This increase was driven by solid growth across all BioMarin products including Kuvan, Naglazyme and Vimizim. Sales of Vimizim, now in its fifth full quarter of sales since being approved in early 2014, were recorded in 30 countries in the second quarter and totaled $53.9 million. Loss from operations from operations was $64,240,000 against $18,882,000 a year ago. Loss before income taxes was $82,544,000 against $27,728,000 a year ago. Net loss was $81,989,000 against $33,502,000 a year ago. Basic and diluted loss per share was $0.51 against $0.23 a year ago. Non-GAAP loss from operations was $8.9 million against non-GAAP income from operations $11.4 million a year ago. Non-GAAP loss before income taxes was $5.4 million against non-GAAP income before income taxes $10.1 million a year ago. Non-GAAP net loss was $5.4 million against non-GAAP net income of $10.1 million a year ago. The increased non-GAAP net loss and GAAP net loss for the second quarter of 2015 compared to the second quarter of 2014 was primarily due to increased operating expenses, partially offset by increased revenues due to the strong commercial launch of Vimizim. For the six months, the company reported total revenues of $453,787,000 against $343,339,000 a year ago. Loss from operations from operations was $130,101,000 against $45,338,000 a year ago. Loss before income taxes was $157,246,000 against $62,352,000 a year ago. Net loss was $149,490,000 against $71,617,000 a year ago. Diluted and basic loss per share was $0.94 against diluted loss per share of $0.50 a year ago. Non-GAAP loss from operations was $34.0 million against non-GAAP income from operations $9.9 million a year ago. Non-GAAP loss before income taxes was $30.6 million against non-GAAP income before income taxes $8.4 million a year ago. Non-GAAP net loss was $30.6 million against non-GAAP net income of $8.4 million a year ago. For the year ending December 31, 2015, the company expects total revenues to be $850 million to $880 million, GAAP net loss to be $360 million to $400 million, non-GAAP net loss to be $130 million to $170 million. The company expects interest expense, net of $35.3 million, depreciation expense of $38.4 million, amortization expense of $12.4 million. On a constant currency basis, guidance for total revenues in 2015 would be $880 million to $920 million. The company announced impairment charges of $12.8 million for the second quarter ended June 30, 2015.

 

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Industry Analysis

BMRN

Industry Average

Valuation BMRN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 24.8x
Price/Book 9.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 23.3x
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