Navigation Links
BioMarin Announces Fourth Quarter and Full Year 2008 Financial Results
Date:2/18/2009

borative agreement revenues for the year ended December 31, 2008 were $38.9 million, compared to $28.3 million for the year ended December 31, 2007.

Impairment Loss on Investments

In the fourth quarter of 2008, BioMarin recorded an impairment charge of $4.1 million for the decline in the value of its equity investment in Summit Corporation plc. Based on the current market conditions, the low volume of trading in Summit securities and its current financial condition, BioMarin determined that its investment in Summit was impaired as of year end and adjusted the recorded amount of its investment to the stock's market price on December 31, 2008. The remaining investment in Summit Corporation plc. of $1.6 million is reflected on the balance sheet as of December 31, 2008.



    2009 Guidance
    Revenue Guidance ($ in millions)

    Item                                          2009 Guidance    2008 Actual
    Total BioMarin Revenues                       $307 to $336     $296.5
    Total Net Product Revenues                    $300 to $329     $251.9
    Naglazyme Net Product Revenue                 $160 to $175     $132.7
    Kuvan Net Product Revenue                     $70 to $80       $46.7
    Aldurazyme Net Product Revenue to BioMarin*   $69 to $74       $72.5


    *  The 2009 Aldurazyme guidance, as compared to 2008, reflects increased
       royalties earned offset by a reduction of $7 million to $9 million in
       net incremental product transfer revenue, mostly related to the initial
       inventory transfer.



    Selected Income Statement Guidance ($ in millions)

    Item                                       Guidance
    Cost of Sales (% of Total Revenue)         19% to 21%
    Selling, General and Admin. Expense        $120 to $130
    Research and Development Expense*          $110 to $120
    Costs Associated with Riquent Deal**       Up to $15
    Interest Income      
'/>"/>
SOURCE BioMarin Pharmaceutical Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13

Related biology technology :

1. BioMarin to Host Fourth Quarter and Full Year 2008 Financial Results Conference Call and Webcast on Wednesday, February 18 at 5:00 p.m. ET (23:00 CET)
2. BioMarin to Present at the Piper Jaffray Healthcare Conference
3. BioMarin Announces the Planned Retirement of Dr. Emil Kakkis, Chief Medical Officer
4. BioMarin to Present at the Credit Suisse Healthcare Conference
5. BioMarin Announces Third Quarter 2008 Financial Results
6. BioMarin Corrects Information Included in Bloomberg Article
7. BioMarin to Present at the Merrill Lynch Global Pharmaceutical Conference
8. BioMarin to Present at the Morgan Stanley Global Healthcare Conference
9. BioMarin to Present at the Citi Biotech Day
10. BioMarin Announces Roll-Out of National PKU Registry
11. BioMarin to Host Second Quarter 2008 Financial Results Conference Call and Webcast on Tuesday, August 5 at 5:00 p.m. ET (23:00 CET)
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/22/2014)... Dec. 22, 2014  ( www.competitivehealth.com ) — Competitive ... medical bill review and advocacy service, has signed an ... WellCard Savings discount health services marketplace. 63% ... more than they expected to pay. As part of ... costs, WellCard Savings is pleased to offer medical bill ...
(Date:12/22/2014)... 22, 2014 Fertility Associates of Memphis ... Bank USA , a network of more than 20 ... partnership, patients have fast access to a national pool ... IVF . Fertility Associates of Memphis is the only ... treatment option. , Dr. William Kutteh , director ...
(Date:12/19/2014)... BioPlus Specialty Pharmacy (BioPlus), one ... of Nick Maroulis, Pharm.D. to the newly created position ... In this position, Dr. Maroulis will continue to manage ... of our multi-site pharmacies as the company expands. Dr. ... that time he has served in many different capacities ...
(Date:12/19/2014)... Dec. 19, 2014 Bina Technologies, Inc. (Bina, ... that they have been acquired by Roche (SIX: RO, ... privately held company that provides a big data platform ... (NGS) data for the academic and translational research markets. ... and will continue to focus on development of their ...
Breaking Biology Technology:WellCard Savings Announces CoPatient Medical Bill Review Service for Members 2Fertility Associates of Memphis Announces Partnership with Donor Egg Bank USA 2Fertility Associates of Memphis Announces Partnership with Donor Egg Bank USA 3BioPlus Specialty Pharmacy Promotes Dr. Nick Maroulis to Vice President of Specialty Pharmacy Services 2Bina Technologies is acquired by Roche. 2Bina Technologies is acquired by Roche. 3
... Inc., a wholly owned,subsidiary of SBT Holdings Inc., which is ... completed the tender offer for,all of the outstanding shares of ... tender offer expired, as scheduled, at 5:00 p.m., New,York City ... the offer has advised that, as of the expiration of,the ...
... for Thursday, March 27TH AT 5 PM ... ... IMRX ) today announced that the Company will host a live,webcast and conference ... and fourth quarter 2007 financial results., The live webcast can be accessed ...
... BC, March 20 /PRNewswire-FirstCall/ - Chromos Molecular,Systems Inc. ... a secured, convertible debenture agreement to borrow $400,000. ... to fund expenses associated with the,preparation of delinquent ... remaining assets of the Company. The principal and,interest, ...
Cached Biology Technology:SBT Acquisition Inc. Successfully Completes Tender Offer for Shares of Lifecore Biomedical, Inc. 2SBT Acquisition Inc. Successfully Completes Tender Offer for Shares of Lifecore Biomedical, Inc. 3ImaRx to Report Corporate Updates and 4Q07 Financial Results 2Chromos enters into loan and lending arrangements 2
(Date:12/15/2014)... , Dec. 12, 2014 Research and Markets ... addition of the "Global Facial Recognition Market ... http://photos.prnewswire.com/prnh/20130307/600769 Facial ... of individuals. Facial recognition system measures the overall ... jaw edges, mouth, and the distance between eyes. ...
(Date:12/11/2014)... 10, 2014  Data Sciences International (DSI), the ... a new series of digital telemetry implants to ... M series, part of the PhysioTel™ Digital platform, ... possible physiologic data when incorporating functional endpoints into ... to toxicology studies has evolved from short ECG ...
(Date:12/10/2014)... 9, 2014 CIE San Diego has launched ... the connective tissue that enhances care coordination among social ... share client-level information; earned a second $1 million grant ... serving seniors aging in community and; will be recognized ... 11 th 4-6p. CIE San Diego ...
Breaking Biology News(10 mins):Global Facial Recognition Market 2015-2019: Key Vendors are 3M Cogent, Cognitec Systems, NEC and Safran Group 2Global Facial Recognition Market 2015-2019: Key Vendors are 3M Cogent, Cognitec Systems, NEC and Safran Group 3New telemetry implants expected to change how large animal toxicology studies are conducted 2Community Information Exchange San Diego Launches Pilot, Secures $1 Million Expansion Grant, and Becomes a "Live Well San Diego" Partner 2Community Information Exchange San Diego Launches Pilot, Secures $1 Million Expansion Grant, and Becomes a "Live Well San Diego" Partner 3Community Information Exchange San Diego Launches Pilot, Secures $1 Million Expansion Grant, and Becomes a "Live Well San Diego" Partner 4
... This release is available in Spanish . ... Exploration of the Sea) met in Bilbao from 5 to 11 ... Dory on the south platform. The meeting was coordinated by AZTI-Tecnalia ... it is held in Bilbao (previously it was held there in ...
... Singapore,s Agency for Science, Technology and Research (A*STAR), have made ... treatment. Their work, published online in the leading journal ... on how to tap on the properties of p53, the ... cells while sparing normal cells. The researchers, led by ...
... timing of umbilical cord clamping at birth should be delayed ... of South Florida,s Center of Excellence for Aging and Brain ... longer period of time allows more umbilical cord blood volume ... period extended, many good physiological "gifts" are transferred through ,nature,s ...
Cached Biology News:Meeting of ICES/CIEM experts in Bilbao on state of demersal fish populations 2Singapore scientists exploit knowledge of p53 for increasing specificity of cancer treatments 2Do we clamp the umbilical cord too soon? 2Do we clamp the umbilical cord too soon? 3
Request Info...
...
... potent inhibition of RNase A-type ribonucleases Product ... of nonhuman origin that binds noncovalently and ... A, B, and C). It does not ... U2, or CL3. QIAGEN RNase Inhibitor inhibits ...
Request Info...
Biology Products: