BioMarin Pharmaceutical Inc

BMRN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CGs	LOCK\|RGRzZ	LOCK\|@&T!#zQ

Narrow-Moat BioMarin Supported by Voxzogo and Rare-Disease Pipeline

Rachel Elfman

Sep 9, 2025

Business Strategy and Outlook

BioMarin is amassing a portfolio of rare genetic-disease therapeutics, making historical comparisons with Genzyme (acquired by Sanofi) difficult to avoid. Commercialization and research and development expenses kept BioMarin in the red for years despite multiple approved products, but we're confident in the durable, profit-generating power of its current portfolio. With a deep in-house pipeline and the ability to supplement growth with strategic acquisitions, BioMarin is in a strong position.

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United States

BioMarin Pharmaceutical Inc

Narrow-Moat BioMarin Supported by Voxzogo and Rare-Disease Pipeline

Business Strategy and Outlook

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