Analysts Offer Insights on Healthcare Companies: BioMarin Pharmaceutical (NASDAQ: BMRN), Lexicon Pharmaceuticals (NASDAQ: LXRX) and Pfizer (NYSE: PFE)We rate BioMarin shares Hold. BioMarin is a premier rare disease company, with institutional expertise in developing and commercializing complex biologic medicines for orphan indications. However, our Hold thesis on the stock centers on a few key points: (1) we think concerns around competition to Voxzogo may linger, with Transcon-CNP launching and BBIO infigratinib data coming, (2) we are unsure if the pipeline here will deliver on changing the narrative and (3) we think BMRN management--who has executed well since joining a few years ago-- will need to further diversify the business via BD. The counter case here is this is a cheap stock, and much of these concerns are already pried in.