BioMarin is prioritizing three of its “most productive” assets, leaving four candidates on the wayside in a move expected to save up to $60 million.
Less than a year into a rocky rollout for its gene therapy Roctavian, BioMarin is now talking about whether the product might be a better fit outside the company, and cutting several pipeline programs.
SAN RAFAEL, Calif., April 24, 2024 /PRNewswire/ -- BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) today announced financial results for the quarter ended March 31, 2024.
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In April, BioMarin forecast that its new gene therapy Roctavian would bring in $50 million to $100 million in sales by the end of 2023. Instead, it’s collected just $3.5 million in revenue for a mere three patients.
BioMarin Reports Record Financial Results for Fourth Quarter and Full-year 2023