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BioMarin Announces Second Quarter 2011 Financial Results
Date:7/28/2011

rmaceutical Inc.

Aldurazyme® is a registered trademark of BioMarin/Genzyme LLC.

Contact:Investors

MediaEugenia Shen

Bob PurcellBioMarin Pharmaceutical Inc.

BioMarin Pharmaceutical Inc.(415) 506-6570

(415) 506-3267BIOMARIN PHARMACEUTICAL INC.CONSOLIDATED BALANCE SHEETS(In thousands of U.S. dollars, except share and per share amounts)June 30, 2011December 31,
2010 (1)ASSETS(Unaudited)Current assets:Cash and cash equivalents

$

112,956

$

88,079Short-term investments

145,964

186,033Accounts receivable, net (allowance for doubtful accounts; $969 and $63, respectively)

106,606

86,576Inventory

112,299

109,698Other current assets

36,286

33,874Total current assets

514,111

504,260Investment in BioMarin/Genzyme LLC

1,121

1,082Long-term investments

153,206

128,171Property, plant and equipment, net

216,496

221,866Intangible assets, net

101,736

103,648Goodwill

53,055

53,364Long-term deferred tax assets

228,400

236,017Other assets

12,267

14,215Total assets

$

1,280,392

$

1,262,623LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable and accrued liabilities

$

82,035

$

83,844Total current liabilities

82,035

83,844Convertible debt

377,520

377,521Other long-term liabilities

88,532

84,001Total liabilities

548,087

545,366Stockholders' equity:Common stock, $0.001 par value: 250,000,000 shares authorized at June 30, 2011 and December 31, 2010 : 111,564,800 and 110,634,465 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively

112

111Additional paid-in capital

1,122,732

1,090,188Company common stock held by N
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SOURCE BioMarin Pharmaceutical Inc.
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