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

Ended December 31, December 31,

2006 2007 2006 2007

Aldurazyme (as reported by

BioMarin/Genzyme LLC) (1) $26.5 $35.4 96.3 $123.7

Naglazyme 16.3 25.5 46.5 86.2

Kuvan -- 0.4 -- 0.4

(1) The Company recognizes its 50% share of the net income of

BioMarin/Genzyme LLC as Equity in the income of BioMarin/Genzyme LLC

in the Company's consolidated statements of operations.

BIOMARIN PHARMACEUTICAL INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

For the Three Months and Years Ended December 31, 2006 and 2007

(In thousands, except for per share data, unaudited)

Three Months Ended Year Ended

December 31, December 31,

2006 2007 2006 2007

Revenues:

Net product sales $16,310 $26,202 $49,606 $86,802

Collaborative

agreement revenues 4,882 17,506 18,740 28,264

Royalty and license

revenues 827 1,146 15,863 6,515

Total revenues 22,019 44,854 84,209 121,581

Operating expenses:

Cost of sales (1) 3,616 5,224 8,740 18,359

Research and

development (1) 20,572 24,015 66,735 78,600

Selling, general and

administrative (1) 13,719 23,891 48,507 77,539

Amortization of

acquired intangible

assets 1,093 1,093 3,651 4,371

Total operating

expenses 39
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SOURCE BioMarin Pharmaceutical Inc.
Copyright©2008 PR Newswire.
All rights reserved

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