Revenue Growth and Financial Performance
BioMarin achieved an 11% increase in total revenue year-over-year, driven by strong performance in enzyme therapies and skeletal conditions. The company raised its full-year total revenue guidance to a range of $3.15 billion to $3.25 billion.
VOXZOGO's Strong Performance
VOXZOGO revenue increased by 24% year-to-date compared to 2024, with expectations for full-year 2025 revenue between $900 million and $935 million, representing a 25% growth at the midpoint of the guidance range.
Cash and Investments
BioMarin's cash and investments balance reached approximately $2 billion by the end of the third quarter.
Operational Efficiency and Profitability
Despite the IPR&D charge, BioMarin achieved increased GAAP and non-GAAP diluted earnings per share year-to-date, alongside robust operating cash flow of $369 million in the third quarter and $728 million year-to-date.