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BioMarin Announces Third Quarter 2009 Financial Results

nder no obligation, and expressly disclaims any obligation to update or alter any forward-looking statement, whether as a result of new information, future events or otherwise.

BioMarin(®), Naglazyme(®) and Kuvan(®) are registered trademarks of BioMarin Pharmaceutical Inc.

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

                         CONSOLIDATED BALANCE SHEETS
              (In thousands, except for share and per share data)

                                                       December  September
                                                          31,        30,
                                                        2008 (1)    2009
                                                        --------    ----
      Current assets:
         Cash and cash equivalents                      $222,900   $191,778
         Short-term investments                          336,892    171,566
         Accounts receivable, net                         54,298     68,378
         Inventory                                        73,162     75,441
         Other current assets                             50,444     13,104
                                                          ------     ------

             Total current assets                        737,696    520,267
         Investment in BioMarin/Genzyme LLC                  915        522
         Long-term investments                             1,633    128,435
         Property, plant and equipment, net              124,979    182,099
         Intangible assets, net                            7,626      4,194
         Goodwill                                         21,262     21,262
         Other assets                                     12,584     12,578
SOURCE BioMarin Pharmaceutical Inc.
Copyright©2009 PR Newswire.
All rights reserved

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