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BioMarin Announces Third Quarter 2009 Financial Results
Date:10/28/2009

NOVATO, Calif., Oct. 28 /PRNewswire-FirstCall/ --

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

    Item                   Q3 2009                Q3 2008 Comparison
    Total BioMarin
     Revenue               $80.8                  11% increase
    Total Net Product
     Revenue               $78.4                  16% increase
    Naglazyme Net
     Product Revenue       $42.1                  26% increase
    Aldurazyme BioMarin
     Net Product Revenue   $14.6                  $20.7 ($5.6 net inventory
                                                  transfer)
    Kuvan Net Product
     Revenue               $21.7                  57% increase
    GAAP Net Income        $6.6                   $0.8
    GAAP Net Income
     per share             $0.07 (basic),         $0.01 (basic and diluted)
                            $0.06 (diluted)
    Non-GAAP Net Income    $15.5                  $8.2
    Non-GAAP Net Income
     per share             $0.16 (basic),         $0.08 (basic and diluted)
                            $0.13 (diluted)

BioMarin Pharmaceutical Inc. (Nasdaq: BMRN) today announced financial results for the third quarter ended September 30, 2009. GAAP net income was $6.6 million ($0.06 per diluted share) for the third quarter of 2009, compared to GAAP net income of $0.8 million ($0.01 per diluted share) for the third quarter of 2008. Non-GAAP net income was $15.5 million ($0.13 per diluted share) for the third quarter of 2009, compared to non-GAAP net income of $8.2 million ($0.08 per diluted share) for the third quarter of 2008. Non-GAAP net income excludes non-cash stock compensation expense, certain nonrecurring material items and the tax effect of the adjustments. The reconciliation of the non-GAAP measures to the estimated GAAP net income is detailed in the table provided at the end of
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SOURCE BioMarin Pharmaceutical Inc.
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