RBC Capital lowered the firm’s price target on BioMarin (BMRN) to $66 from $70 and keeps a Sector Perform rating on the shares. The company reported an in-line quarter given the Voxzogo miss was offset by the base business beat, the analyst tells investors in a research note. On Voxzogo, this is the very first down quarter since launch, and BioMarin notes some seasonality and a somewhat mixed uptake in older US kids, RBC added.
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