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BioMarin Announces Second Quarter 2009 Financial Results
Date:7/30/2009

NOVATO, Calif., July 30 /PRNewswire-FirstCall/ --

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

    Item                            Q2 2009                 Q2 2008 Comparison

    Total BioMarin Revenue           $82.8                   29% increase
    Total Net Product Revenue        $81.5                   35% increase
    Naglazyme Net Product Revenue    $42.9                   22% increase
    Aldurazyme Net Sales by Genzyme  $39.2                   1% increase
    Aldurazyme BioMarin Net Product
     Revenue                         $21.6                   62% increase
    Kuvan Net Product Revenue        $16.9                   41% increase
    GAAP Net Income                  $1.3                    $3.8
    GAAP Net Income per share        $0.01 (basic            $0.04 (basic and
                                      and diluted)            diluted)
    Non-GAAP Net Income              $9.0                    $9.7
    Non-GAAP Net Income per share    $0.09 (basic            $0.09 (diluted),
                                      and diluted)            $0.10 (basic)



BioMarin Pharmaceutical Inc. (Nasdaq: BMRN) today announced financial results for the second quarter ended June 30, 2009. GAAP net income was $1.3 million ($0.01 per diluted share) for the second quarter of 2009, compared to GAAP net income of $3.8 million ($0.04 per diluted share) for the second quarter of 2008. Non-GAAP net income was $9.0 million ($0.09 per diluted share) for the second quarter of 2009, compared to non-GAAP net income of $9.7 million ($0.09 per diluted share) for the second quarter of 2008. Non-GAAP net income/loss excludes non-cash stock compensation expense, certain nonrecurring material items and the tax effect of the adjus
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SOURCE BioMarin Pharmaceutical Inc.
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2. BioMarin to Present at the William Blair Growth Stock Conference
3. BioMarin Receives 2009 Corporate Award for the Development of Kuvan
4. BioMarin to Present at the Cowen and Company 29th Annual Health Care Conference
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6. BioMarin Appoints Dr. Henry J. Fuchs as Senior Vice President and Chief Medical Officer
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