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Stock impact report

BioMarin Pharmaceutical Inc. (BMRN) Rated Overweight at Wells Fargo Despite Voxzogo Phase 2 Study Discontinuations [Yahoo! Finance]

BioMarin Pharmaceutical Inc. (BMRN) 
Last biomarin pharmaceutical inc. earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.biomarin.com
Company Research Source: Yahoo! Finance
TheFly reported on March 16 that Wells Fargo maintained an Overweight rating on BMRN with a $75 price target. The firm noted that BioMarin discontinued three Phase 2 Voxzogo studies in Turner Syndrome, SHOX-deficiency, and ACAN-deficiency due to cases of Slipped Capital Femoral Epiphysis observed in investigator-sponsored trials. Wells Fargo views the safety risk as specific to certain indications rather than the drug's mechanism, and considers BMRN's outlook less dependent on Voxzogo. The firm indicated it remains supportive and sees the shares as a buying opportunity in the event of price weakness. On March 12, BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) reported positive new results from ongoing clinical trials and real-world studies of Voxzogo (vosoritide) in children with achondroplasia. The findings highlight the benefits of early treatment, demonstrating sustained multi-year growth improvements, enhanced body proportionality, and increased arm span compared to untreated child Show less Read more
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