Biomarin: Challanges Mount, But Sale Rumours Make For A Risky "Buy" Call
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Biomarin, with a $3bn annual rare disease drug franchise, faces challenges such as threats to key drugs and patent expiry issues. Despite these, sale rumors and a promising long-term revenue outlook make it a risky 'buy'.
November 21, 2024 | 8:15 pm
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Biomarin faces challenges with threats to key drugs and patent expiry issues, but sale rumors and a promising long-term revenue outlook make it a risky 'buy'.
Biomarin's current challenges include threats to key drugs and patent expiry issues, which could impact its medium-term performance. However, the potential for a sale and a promising long-term revenue outlook with new management targeting $4bn by 2027 and mid-teen growth could positively influence investor sentiment in the short term.
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