Strong Revenue Growth
BioMarin reported a 15% increase in total revenues for Q1 2025, reaching $745 million compared to the same period last year. VOXZOGO's global revenue also increased by 40% year-over-year.
Profitability Expansion
Non-GAAP earnings per share reached $1.13, representing a 59% year-over-year increase. Non-GAAP operating margin expanded by 11.9 percentage points year-over-year to 35.7%.
Pipeline Progress
Completed enrollment in a pivotal Phase 3 study with VOXZOGO in children with hypochondroplasia, aiming for a launch in 2027. Progress in BMN 351 for Duchenne Muscular Dystrophy and BMN 333, with early clinical results expected later this year.
Enzyme Therapies Growth
Revenue from the Enzyme Therapies business unit grew 8% year-over-year, with PALYNZIQ increasing by 22% compared to Q1 2024.
Geographical Revenue Diversification
Approximately two-thirds of BioMarin’s total revenues originate from outside the United States, providing insulation from US-specific economic conditions.