BioMarin Restructures, Outlines Roadmap To $4B Revenues By 2027
Portfolio Pulse from Vandana Singh
BioMarin Pharmaceutical Inc (NASDAQ:BMRN) aims for $4 billion in revenue by 2027, focusing on three business units: skeletal conditions, enzyme therapies, and Roctavian. The company is implementing a $500 million cost transformation program to achieve a 40% operating margin by 2026. BioMarin's pipeline includes promising programs like Voxzogo, which could become a $5 billion opportunity. The company plans to launch two new products by 2027 and has updated its Roctavian strategy to focus on the U.S., Germany, and Italy.
September 05, 2024 | 1:51 pm
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BioMarin aims for $4 billion in revenue by 2027, focusing on key business units and a $500 million cost transformation program. The company plans to launch new products and expand its pipeline, with a focus on Roctavian in the U.S., Germany, and Italy.
BioMarin's strategic focus on achieving $4 billion in revenue by 2027, along with a significant cost transformation program, indicates a strong growth trajectory. The emphasis on key business units and a robust pipeline, including promising products like Voxzogo, suggests potential for increased market share and revenue. The updated Roctavian strategy in key markets further supports this positive outlook.
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