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BMRN

BioMarin

$75.55

-0.54 (-0.71%)

11:07
11/14/19
11/14
11:07
11/14/19
11:07

BioMarin sees GAAP break-even or better in 2020 assuming Valoctocogene launch

BioMarin Pharmaceutical updated the investment community on the company's research and development portfolio during its R&D day in New York, with CEO JJ Bienaime quoted as having stated: "BioMarin is at an inflection point where our combined understanding of the biology of many rare diseases and key technologies like gene therapy position us not only for exceptional growth over the next decade, but for GAAP profitability in 2020. We are excited about the possibilities of our two late-stage clinical programs in hemophilia A and achondroplasia potentially to transform the course of these conditions. We are also looking forward to leveraging our experience in gene therapy and genetic disease to bring a rich pipeline of new investigational therapies into the clinic." BioMarin noted that the Phase 3 study has now dosed 130 study participants, and that the company completed its process performance qualification campaign, which was the last step in the Chemistry, Manufacturing and Controls package, or CMC package, of the regulatory submissions. BioMarin is on track to submit marketing applications for investigational gene therapy, valoctocogene roxaparvovec, to health authorities in the United States and Europe before year end, the company noted in a press release recapping the event. The company also provided an update on its clinical program for vosoritide, an analog of C-type Natriuretic Peptide, in children with achondroplasia, the most common form of disproportionate short stature in humans at its annual R&D day. In addition, BioMarin reaffirmed that it plans to provide top-line data on the randomized, placebo-controlled Phase 3 vosoritide study by the end of the year.

  • 07

    Dec

BMRN BioMarin
$75.55

-0.54 (-0.71%)

10/28/19
ADAM
10/28/19
NO CHANGE
Target $108
ADAM
Buy
BioMarin price target lowered to $108 from $117 at Canaccord
Canaccord analyst Michelle Gilson lowered her price target on BioMarin to $108 from $117 following Q3 results. The analyst views the shares as undervalued at current levels as the company's long-term strategy of moving toward GAAP profitability through top-line growth begins to come together. Gilson reiterated her Buy rating on BioMarin shares.
10/30/19
SBSH
10/30/19
NO CHANGE
Target $95
SBSH
Buy
BioMarin price target lowered to $95 from $120 at Citi
Citi analyst Mohit Bansal lowered his price target for Biomarin Pharmaceutical to $95 from $120 to account for "slow and steady" launches of Brineura and Palynziq. The analyst believes Valrox and Vosoritide are key to the company's long-term value and he keeps a Buy rating on the shares. He sees the stock trading closer to $85 on good Vosoritide data and $60 on a Vosoritide failure. At the current market price, the Street assigns 50% probability to Vosoritide and 25% to Valrox, Bansal tells investors in a research note.
11/12/19
RHCO
11/12/19
INITIATION
Target $110
RHCO
Buy
BioMarin initiated with a Buy at SunTrust
SunTrust analyst Robyn Karnauskas initiated coverage of BioMarin with a Buy rating and $110 price target. The analyst cites "several catalysts" for the company over the next 12-18 months, including the phase 3 data on vosoritide by the end of this year, phase 2 data on valrox by mid-2020, and indications of initial uptake for valrox by late 2020-early 2021. Karnauskas adds that her proprietary survey indicates that doctors expect the drug to be used in more patients initially and over time than what the stock currently reflects.
11/12/19
11/12/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Arlo Technologies (ARLO) resumed with a Buy at Deutsche Bank. 2. Clarivate Analytics (CCC) initiated with a Hold at Stifel. 3. Stoke Therapeutics (STOK) initiated with a Buy at BTIG. 4. BioMarin (BMRN), Biogen (BIIB), and Amgen (AMGN) were initiated with a Buy at SunTrust. 5. Corteva (CTVA) initiated with a Buy at Redburn. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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PCG

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MYGN

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BLRX

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, BD

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IDRA

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MRK

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PFE

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NKTR

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ATNX

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BDSI

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  • 17

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CNC

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LYV

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AMG

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MAC

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LOPE

Grand Canyon

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LEA

Lear

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OAS

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SWN

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UNT

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FTR

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ARWR

Arrowhead

$66.47

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PLAN

Anaplan

$51.80

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WPX

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$10.92

-0.24 (-2.15%)

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  • 23

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HLIT

Harmonic

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-0.25 (-3.05%)

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HZNP

Horizon Pharma

$32.84

(0.00%)

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AMRN

Amarin

$24.12

1.12 (4.87%)

17:33
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  • 28

    Dec

THMO

ThermoGenesis

$2.88

(0.00%)

17:31
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17:31
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Breaking Syndicate news story on ThermoGenesis »

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AMRN

Amarin

$24.12

1.12 (4.87%)

17:30
12/13/19
12/13
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17:30
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Breaking Hot Stocks news story on Amarin 

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  • 28

    Dec

QTNT

Quotient

$8.60

-0.165 (-1.88%)

17:28
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Breaking Syndicate news story on Quotient »

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ARWR

Arrowhead

$66.47

-0.91 (-1.35%)

, GVA

Granite Construction

$26.21

-1.335 (-4.85%)

17:27
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ARWR

Arrowhead

$66.47

-0.91 (-1.35%)

GVA

Granite Construction

$26.21

-1.335 (-4.85%)

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OAS

Oasis Petroleum

$2.68

-0.295 (-9.93%)

, SWN

Southwestern Energy

$2.00

-0.12 (-5.66%)

17:25
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17:25
Hot Stocks
Oasis, Southwestern to replace Unit Corp., Frontier in S&P 600 at open on 12/23 »

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OAS

Oasis Petroleum

$2.68

-0.295 (-9.93%)

SWN

Southwestern Energy

$2.00

-0.12 (-5.66%)

UNT

Unit Corp.

$0.83

-0.0626 (-6.98%)

FTR

Frontier Communications

$0.68

0.0315 (4.84%)

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  • 23

    Mar

AMRN

Amarin

$24.12

1.12 (4.87%)

17:24
12/13/19
12/13
17:24
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17:24
Hot Stocks
Amarin raises guidance after FDA approves Vascepa »

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