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Prioritizes commercial operations in the U.S., Germany and Italy while reducing additional investments in development and manufacturing.
August 7, 2024
By: Charlie Sternberg
BioMarin Pharmaceutical Inc. is updating its ROCTAVIAN business to focus commercial operations on three markets—the United States, Germany and Italy—where the medicine is approved and reimbursed as a treatment for severe hemophilia A. As a part of this change, BioMarin will adjust its ROCTAVIAN efforts across the company, reducing additional investments in development and manufacturing. By focusing commercial, research and manufacturing programs, BioMarin anticipates reducing annual direct ROCTAVIAN expenses to approximately $60 million, beginning in 2025. As a result of these changes, the company expects ROCTAVIAN to be profitable by the end of 2025. “We continue to believe that ROCTAVIAN is an important option for people with severe hemophilia A, offering the potential for years of bleed control after a single, one-time treatment,” said Alexander Hardy, President and CEO of BioMarin. “By rightsizing our resourcing, we are creating a path for ROCTAVIAN to contribute to our profitability while still providing full support to patients.” Hank Fuchs, M.D., President of Worldwide Research & Development added, “We continue to be impressed by the durable and sustained bleed control demonstrated following treatment with ROCTAVIAN based on more than 500 patient years of observation in our pivotal program. At year four in that study, 82% of people who participated remain off prophylaxis, a significant therapeutic achievement when considering the high burden of chronic treatment for people with severe hemophilia A.” The updated approach to ROCTAVIAN will include the following changes:
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