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BioMarin Announces Third Quarter 2011 Financial Results
Date:10/27/2011

hangeNaglazyme (1) $

55.9$

51.7$

$
4.28.1%$

176.8$

147.5$

$
29.319.9%Kuvan (2) 30.526.2$
4.316.4%86.072.1$
3.919.3%Firdapse (3) 3.52.2$
.359.1%9.83.4$
.4188.2%(1)  Changes in foreign currency rates, net of hedges, had a negative $0.5 million impact on Naglazyme sales in the third quarter of 2011 and positive $0.7 million impact on Naglazyme sales in the nine months ended September 30, 2011.  The number of Naglazyme patients increased 14.6 percent in the third quarter of 2011 compared to the third quarter of 2010.  Naglazyme revenues experience quarterly fluctuations due to the timing of government ordering patterns in certain countries.(2)  The quantity of commercial tablets dispensed to patients in the U.S. increased 15.0 percent in the third quarter of 2011 compared to the third quarter of 2010 and increased 2.7 percent in the third quarter of 2011 compared to the second quarter of 2011.(3)  A product for the treatment of Lambert Eaton Myasthenic Syndrome (LEMS) which was launched in the EU in April 2010. Three Months Ended September30, Nine Months Ended September30, 20112010$ Change% Change 20112010$ Change% Change Aldurazyme revenue reported by Genzyme (4) $46.3 $40.8 $5.5 13.5%$36.4 $24.3 $2.1 9.7%Royalties due from Genzyme9.0 .5 2.5 53.0 50.2 2.8 Incremental (previously recognized) 4.0 - 4.0 .0 (2.0)8.0 Total Aldurazyme net product revenues (5) $ 23.0 $ .5 $ .5 $ 59.0 $ 48.2 $ .8 (4)  Changes in foreign currency rates caused an increase to Aldurazyme sales by Genzyme of $2.0 million and $5.1 million for the three and nine months ended September 30, 2011, respectively.  (5)  To the extent units shipped to third party customers by Genzyme exceeded BioMarin inventory transfers to Genzyme, BioMarin will record a decrease in net product revenue from the royalty payable to BioMarin for the amount of previously recognized product transfer revenue.  If BioMar
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SOURCE BioMarin Pharmaceutical Inc.
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