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BioMarin Announces Third Quarter 2008 Financial Results
Date:10/28/2008

Well-Positioned for Continued Long-Term Growth Conference Call and Webcast to Be Held Today at 5:00 p.m. ET (22:00 CET)
NOVATO, Calif., Oct. 28 /PRNewswire-FirstCall/ --

Financial Highlights ($ in millions, except per share data)

Item Q3 2008 Q3 2007 Comparison

Total BioMarin Revenue $72.6 190.5% increase

Naglazyme Net

Product Revenue $33.3 56.3% increase

Aldurazyme Net Sales

by Genzyme $38.2 18.3% increase

Aldurazyme BioMarin

Net Product Revenue $20.7 NA

Kuvan Net Product

Revenue $13.8 NA

GAAP Net Income (Loss) $0.8, $0.01 per share ($5.2), ($0.05) per share

Non-GAAP Net Income

(Loss) $8.2, $0.08 per share ($0.2), ($0.00) per share

2008 Guidance Unchanged ($ in millions)

Item Guidance

Total BioMarin Revenues* $288 to $326

Total Net Product Revenues $247 to $285

Naglazyme Net Product Revenue $130 to $140

Aldurazyme Net Product Sales by Genzyme $135 to $145

Aldurazyme Net Product Revenue to BioMarin $72 to $80

Kuvan Net Product Revenue $45 to $65

Net Income (GAAP)* $30 to $42

Net Income (non-GAAP)* $54 to $69

*Assumes that the $30 million milestone for EU Kuvan approval will be earned in 2008

BioMarin Pharmaceutical Inc. (Nasdaq: BMRN) today announced financial results for the third quarter ended Septembe
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SOURCE BioMarin Pharmaceutical Inc.
Copyright©2008 PR Newswire.
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