Biomarin Pharmaceutical Inc

BMRN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$63.00	Tdhknp	Pxthcgf

BioMarin Earnings: Strong Voxzogo Growth and Roctavian Launch Poised to Begin

Karen Andersen

Aug 1, 2023

BioMarin’s second-quarter revenue increased 12% to nearly $600 million, consistent with sales in the first quarter, and we think this puts the firm in a good position to meet our forecast of roughly $2.4 billion for the full year, as ongoing launches of achondroplasia drug Voxzogo and hemophilia A gene therapy support the firm's narrow moat rating. We’re maintaining our $96 fair value estimate.

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