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BioMarin Announces Fourth Quarter and Full Year 2007 Financial Results

20 - $40 million

Add estimated non-cash stock compensation $27.0 million

Non-GAAP estimated net income for 2008 $47 - $67 million

Management believes that this non-GAAP information is useful to investors, taken in conjunction with BioMarin's GAAP net income guidance for 2008 because Management uses such information internally for its operating, budgeting and financial planning purposes, and to enhance investors' overall understanding of the company's prospects for the future.

Anticipated Upcoming Milestones

-- 1Q08/early 2Q08: Initiation of PEG-PAL Phase I patient study with

plans to roll into a Phase 2 study in 3Q08

-- 4Q08: Results from Phase 2 Sickle Cell Disease trial

-- 4Q08: Results from Phase 2 PAD trial

Upcoming Investor Conferences and Events

-- March 17-19: Citi Small/Mid Cap Conference -- Las Vegas

-- March 17-20: Cowen Healthcare Conference -- Boston

-- March 18-20: Lehman Brothers Global Healthcare Conference -- Miami

-- June 5: BioMarin R&D Day -- New York City

BioMarin will host a conference call and webcast to discuss fourth quarter and full year 2007 financial results today, Tuesday, February 26, at 5:00 p.m. ET (22:00 CET). This event can be accessed on the investor section of the BioMarin website at

Date: February 26, 2008

Time: 5:00 p.m. ET (22:00 CET)

U.S. / Canada Dial-in Number: 866.713.8564

International Dial-in Number: 617.597.5312

Participant Code: 79434433

Replay Dial-in Number: 888.286.8010

Replay International Dial-in Number: 617.801.6888

Replay Code: 87203261

About BioMarin

BioMarin develops and commercializes innovative biopharmaceuticals for serious diseases and medical conditions. The company's product portfolio comprises three approved products and multiple clinical and pre-cl

SOURCE BioMarin Pharmaceutical Inc.
Copyright©2008 PR Newswire.
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