Biomarin Pharmaceutical Inc (OQ:BMRN)

Business Focus: Biopharmaceuticals

Sector:  Healthcare Industry:  Pharmaceuticals
 
See Regulatory Filings on SEC
Company Contact
Address: 105 Digital Dr
NOVATO CA 94949-8703
Tel: N/A
Website: https://www.biomarin.com
IR: See website
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Key People
Alexander Hardy
President, Chief Executive Officer, Director
Brian R. Mueller
Chief Financial Officer, Executive Vice President - Finance
Henry J. Fuchs
President - Worldwide Research and Development
C. Greg Guyer
Executive Vice President - Global Manufacturing and Technical Operations, Chief Technical Officer
G. Eric Davis
Executive Vice President, Secretary, Chief Legal Officer
Jeffrey Robert Ajer
Executive Vice President, Chief Commercial Officer
Cristin Hubbard
Executive Vice President, Chief Commercial Officer
Erin Burkhart
Group Vice President, Chief Accounting Officer
 
Business Overview
BioMarin Pharmaceutical Inc. (BioMarin) is a biotechnology company, which is engaged in developing and commercializing therapies that address the root cause of genetic conditions. BioMarin's commercial products include Vimizim (elosulfase alpha), Naglazyme (galsulfase), Palynziq (pegvaliase-pqpz), Brineura (cerliponase alfa), Aldurazyme (laronidase), Roctavian (valoctocogene roxaparvovec), Kuvan (sapropterin dihydrochloride), and Voxzogo (vosoritide). Vimizim is an enzyme replacement therapy for the treatment of MPS IVA, a lysosomal storage disorder. The Roctavian is an adeno associated virus (AAV5) vector gene therapy designed to restore factor VIII plasma concentrations in patients with severe hemophilia A. Voxzogo is a once daily injection analog of C-type Natriuretic Peptide (CNP) for the treatment of achondroplasia. Brineura is a recombinant human tripeptidyl peptidase 1 (TPP1) for the treatment of patients with CLN2, a form of Batten disease.
Financial Overview
For the fiscal year ended 31 December 2023, Biomarin Pharmaceutical Inc revenues increased 15% to $2.42B. Net income increased 18% to $167.6M. Revenues reflect Voxzogo segment increase from $169.1M to $469.9M, Palynziq1 segment increase of 19% to $303.9M, Rest of the world segment increase of 50% to $468.2M, United States segment increase of 13% to $771.3M. Net income benefited from Interest Income increase from $18M to $58.3M (income).
Employees: 3,401 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $17,349M as of Mar 31, 2024
Annual revenue (TTM): $2,472M as of Mar 31, 2024
EBITDA (TTM): $285.93M as of Mar 31, 2024
Net annual income (TTM): $205.46M as of Mar 31, 2024
Free cash flow (TTM): $163.21M as of Mar 31, 2024
Net Debt Last Fiscal Year: $41.38M as of Mar 31, 2024
Shares outstanding: 189,776,577 as of Mar 31, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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