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Genzyme Delivers Strong Fourth Quarter to Conclude Outstanding Year
Date:2/13/2008

lucosidase alfa),

which has been constrained by limited product supply, as the FDA has

yet to approve the larger scale manufacturing process for this product.

This supply constraint will have an estimated impact of $0.03 per

diluted share during the first quarter.

Product Sales

-- Sales of Myozyme are expected to increase to $320-$330 million this

year, compared with $201 million last year. The launch of this product

has been the most rapid for any of Genzyme's lysosomal storage disorder

treatments. In December, Genzyme announced that its post-marketing

Late-Onset Treatment Study of Myozyme met its co-primary endpoints,

confirming the benefit of the product for patients across the spectrum

of Pompe disease. The company has begun submitting the results of this

study for presentation at medical meetings and will pursue the

inclusion of the trial results in the product's labeling.

-- Sales of Fabrazyme(R) (agalsidase beta) are expected to reach $495-$505

million this year, compared with $424 million in 2007. The European

Commission has granted full marketing authorization for Fabrazyme,

making the product the only Fabry disease treatment to earn this

designation in Europe.

-- Sales of Cerezyme(R) (imiglucerase for injection) are expected to reach

$1.22-$1.24 billion this year, compared with $1.13 billion in 2007.

-- Sales of sevelamer therapies Renagel(R) (sevelamer hydrochloride) and

Renvela(R) (sevelamer carbonate) are expected to rise to $690-$700

million this year, compared with $603 million in 2007. Renvela was

approved by the FDA in October for the treatment of hemodialysis

patients, and Genzyme plans to launch the product on March 1. Genzyme

is currently engaged in active discussions with the FDA to expand the

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SOURCE Genzyme Corporation
Copyright©2008 PR Newswire.
All rights reserved

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