Navigation Links
BioMarin Announces Fourth Quarter and Full Year 2007 Financial Results
Date:2/26/2008

/Genzyme LLC increased by approximately 33.6 percent to $35.4 million for the fourth quarter of 2007, compared to $26.5 million in the fourth quarter of 2006. Net revenue from Aldurazyme for the year ended December 31, 2007 was $123.7 million, an increase of 28.5 percent compared to net revenue of $96.3 million for the year ended December 31, 2006. BioMarin's share of the profit of BioMarin/Genzyme LLC was $9.4 million for the fourth quarter of 2007, compared to a profit of $5.7 million for the fourth quarter of 2006. For the year ended December 31, 2007, BioMarin's share of the profit of BioMarin/Genzyme LLC was $30.5 million, compared to a profit of $19.3 million for the year ended December 31, 2006. Beginning January 1, 2008, as a result of the restructuring of the joint venture with Genzyme, BioMarin will receive 39.5 to 50 percent of worldwide net sales of Aldurazyme as product revenue and will also recognize additional product revenue related to the transfer of Aldurazyme inventory to Genzyme to meet future product demand.

Net product revenue from Kuvan(TM) (sapropterin dihydrochloride) Tablets, a product for the treatment of phenylketonuria (PKU), for the approximate two-week period after approval and launch in December 2007 was $0.4 million, which reflects initial shipments to a limited number of specialty pharmacies.

Collaborative Agreement Revenues

Collaborative agreement revenues for the fourth quarter of 2007 were $17.5 million, and include the $15 million milestone payment from Merck Serono for the filing of the MAA for Kuvan. Collaborative agreement revenues for the fourth quarter of 2006 were $4.9 million. Collaborative agreement revenues for the year ended December 31, 2007 were $28.3 million, compared to revenues of $18.7 million for the year ended December 31, 2006. Excluding the receipt of the $15 million milestone payment, collaborative agreement revenues decreased in 2007 as compared to 2006. This was due to decreased Kuvan
'/>"/>

SOURCE BioMarin Pharmaceutical Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11

Related biology technology :

1. BioMarin Licenses Technology From Leading Cystic Fibrosis Research Laboratory at the University of California, San Francisco
2. BioMarin to Present at the BioCentury NewsMakers Conference
3. BioMarin to Present at the Rodman & Renshaw 9th Annual Healthcare Conference
4. BioMarin and IGAN Biosciences to Collaborate on Development of an Enzyme Therapy to Treat IgA Nephropathy, a Rare and Life-Threatening Kidney Disease
5. BioMarin and Genzyme Restructure Aldurazyme 50/50 Joint Venture
6. BioMarin Appoints Dr. Gordon Vehar, Vice President of Research
7. BioMarin to Present at the Merrill Lynch 2008 Global Healthcare Conference
8. Dendreon Announces Publication of Phase 1 Study Highlighting Immunologic and Clinical Activity of Lapuleucel-T (Neuvenge(R)) in Advanced Breast Cancer Patients
9. YM BIOSCIENCES ANNOUNCES COMPLIANCE WITH AIM RULE 26
10. Emisphere Technologies, Inc. Announces Pricing of Registered Direct Offering
11. BioLife Solutions Announces Exclusive CryoStor(TM) Supply Agreement With the New England Cryogenic Center, Inc.
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/30/2014)... CA (PRWEB) July 30, 2014 Adding ... their weighing boat special – Buy 2 ... free. This promotion will benefit lab technicians looking for ... Weighing boats are ideal for multiple applications including weighing ... a variety of choices including diamond-shaped, hexagonal, square, aluminum ...
(Date:7/29/2014)... Boston, MA (PRWEB) July 30, 2014 ... communication (UC) and collaboration company, is proud to ... and account management positions in their Boston, Charleston ... in response to the increased demand for hosted ... enhance operational efficiency and reduce cost. , SoundConnect ...
(Date:7/29/2014)... The advanced optical methods and applications ... driving a revolution in the neurosciences were the inspiration ... by SPIE, the international society for optics and ... launch of the BRAIN Initiative in the United States, ... a vision for and provide examples of the impact ...
(Date:7/29/2014)... Quantum Cheshire Cat: Can a particle be separated from ... Nature Communications , published the results of the first ... field, conducted by Chapman University in Orange, CA, and ... seen a cat without a grin," thought Alice in ... most curious thing I ever saw in my life!" ...
Breaking Biology Technology:Weighing Boat Promotion Now Available at Pipette.com, Major Pipette Distributor 2SoundConnect Organization and Culture is Evolving 2SPIE Launches 'Neurophotonics' Journal with Special Section on BRAIN Initiative 2SPIE Launches 'Neurophotonics' Journal with Special Section on BRAIN Initiative 3SPIE Launches 'Neurophotonics' Journal with Special Section on BRAIN Initiative 4The quantum Cheshire cat: Scientists separate a particle from its properties 2The quantum Cheshire cat: Scientists separate a particle from its properties 3The quantum Cheshire cat: Scientists separate a particle from its properties 4
... Sept. 5 Vical Incorporated,(Nasdaq: VICL ) ... Global Life,Sciences Conference will be webcast live on ... Vical,s President and Chief Executive Officer,Vijay B. Samant, ... programs, and strategic partnerships. The webcast will be,available ...
... 4, ev3 Inc. (Nasdaq: EVVV ) and FoxHollow,Technologies, ... has set,October 4, 2007 as the date of the ... merger with ev3. The record date for,determining stockholders entitled ... business on August 30, 2007. FoxHollow and ev3 anticipate ...
... HOUSTON, Sept. 4, 2007 Computing researchers at ... Nanyang Technological University (NTU) today announced the formation ... The joint research initiative, valued at 4 million ... production costs for embedded microchips -- special-purpose computer ...
Cached Biology Technology:Vical to Present at Upcoming Investor Conferences 2ev3 and FoxHollow Announce Date for Special Meeting of FoxHollow Stockholders to Vote on Proposed Merger 2ev3 and FoxHollow Announce Date for Special Meeting of FoxHollow Stockholders to Vote on Proposed Merger 3ev3 and FoxHollow Announce Date for Special Meeting of FoxHollow Stockholders to Vote on Proposed Merger 4ev3 and FoxHollow Announce Date for Special Meeting of FoxHollow Stockholders to Vote on Proposed Merger 5Rice, Nanyang Tech collaborate on sustainable nanoelectronics 2Rice, Nanyang Tech collaborate on sustainable nanoelectronics 3
(Date:7/29/2014)... that have been plaguing the Northern Territories in Canada ... Lakes in the U.S. continue on. NASA,s Aqua ... Imaging Spectroradiometer, MODIS, instrument on July 26, 2014. Actively ... in red. Copious amount of smoke are drifting northward ... for residents of Yellowknife. Fire has caused power ...
(Date:7/29/2014)... at the University of Kent has shown for the ... a breakthrough that could have a major impact ... School of Biosciences uncovered the mechanism whereby the physical ... as actin filaments are ,fine-tuned, to undertake different ... to completely stable, providing a framework for the cell, ...
(Date:7/29/2014)... together two of the major disciplines behind Jurassic Park ... through stunning photographs and unique illustrations. , Fossil Insects, ... the incredible preservation and diversity of fossilised insects from ... remarkable fossils can tell us about the ancient and ... Like the mosquito in Jurassic Park, many of the ...
Breaking Biology News(10 mins):Unique images bring fossil insects back to life 2
... 24, 2011) -- Neither births nor deaths stop the flocking ... J. Toner of the University of Oregon. The notion, he ... new cancer therapies. Picture any scenario in which self-propelled ... fish, and even tiny plastic rods on a vibrating table ...
... saved an iconic Australian lizard species from death at the ... the March issue of The American Naturalist . It,s ... for the arrival of another, says Richard Shine, a biologist ... Cane toads were introduced in Australia in the ...
... injured, the rest of the school takes off in fear, tipped ... in German). Now, researchers reporting online on February 23 in the ... that scary stuff is really made of. Within that ... in fish skin. When a fish is wounded, fragments of the ...
Cached Biology News:New theory shows that neither birth nor death stops a flock 2New theory shows that neither birth nor death stops a flock 3Invasive plant protects Australian lizards from invasive toad: Study 2For fish, fear smells like sugar 2