Biomarin Pharmaceutical Inc

BMRN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$29.00	Xrznz	Trbjdtvzm

BioMarin's Rare Disease Portfolio Supports a Narrow Economic Moat

Karen Andersen

Sep 17, 2024

Business Strategy and Outlook

BioMarin is amassing a portfolio of 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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