Biomarin Pharmaceutical Inc

BMRN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$93.00	Pswdt	Pdwzrhdt

BioMarin Earnings: Voxzogo’s Success Counters Roctavian Headwinds

Karen Andersen

Apr 27, 2023

BioMarin’s first-quarter revenue grew 15% to nearly $600 million, and we think this puts the firm in a good position to meet our forecast of roughly $2.4 billion for the full year, factoring in continued Kuvan generic headwinds, but also strong uptake of new achondroplasia drug Voxzogo. We’re maintaining our $96 fair value estimate.

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