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

ths Ended Nine Months Ended

September 30, September 30,

2007 2008 2007 2008

Revenues:

Net product revenues $21,325 $67,812 $60,600 $185,895

Collaborative

agreement revenues 3,107 2,414 10,758 7,389

Royalty and license

revenues 574 2,420 5,369 3,933

Total revenues 25,006 72,646 76,727 197,217

Operating expenses:

Cost of sales 4,460 14,063 13,135 40,844

Research and

development 17,241 26,175 54,585 67,559

Selling, general and

administrative 19,521 28,964 53,075 77,836

Amortization of

acquired intangible

assets 1,093 1,093 3,278 3,278

Total operating

expenses 42,315 70,295 124,073 189,517

Income (loss) from

operations (17,309) 2,351 (47,346) 7,700

Equity in the income

(loss) of

BioMarin/Genzyme LLC 8,446 (572) 21,159 (1,692)

Interest income 7,948 3,407 18,549 13,157

Interest expense (4,109) (4,105) (10,163) (12,297)

Income (loss) before

income taxes (5,024) 1,081 (17,801) 6,868

Provision for income

taxes 192 252 572 543

Net income (loss) $(5,216) $829 $(18,373) $6,325

Net income (loss)

per share, basic $(0.05) $0.01 $(0.19) $0.06

Net income (loss)

per share, diluted $(0.05) $0.01 $(0.19) $0.06

Weighted average

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

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