BioMarin To Reduce Operating Expenses To Achieve ROCTAVIAN Profitability By End Of 2025; Focuses Commercial Operations On US, Germany, And Italy; Will Continue Monitoring And Support For Treated Patients
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BioMarin Pharmaceutical Inc. (BMRN) announced plans to reduce operating expenses to achieve profitability for its gene therapy, ROCTAVIAN, by the end of 2025. The company will focus its commercial operations on the US, Germany, and Italy, while continuing to monitor and support treated patients.
August 05, 2024 | 8:02 pm
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BioMarin Pharmaceutical Inc. (BMRN) plans to reduce operating expenses to achieve profitability for ROCTAVIAN by the end of 2025. The company will focus on commercial operations in the US, Germany, and Italy, while continuing patient support.
The announcement of cost reductions and a focused commercial strategy is likely to be viewed positively by investors, as it aims to achieve profitability for ROCTAVIAN, a key product. This strategic move could improve financial performance and investor sentiment in the short term.
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