BioMarin looks to USA, Germany and Italy for gene therapy growth

6 August 2024

California’s BioMarin Pharmaceutical (Nasdaq: BMRN) has announced a strategic pivot for its Roctavian (valoctocogene roxaparvovec-rvox) business, focusing on the USA, Germany, and Italy.

The San Rafael-based firm is looking to increase revenues in the primary markets where the gene therapy for severe hemophilia A is approved and reimbursed.

The company plans to streamline operations across commercial, research, and manufacturing sectors, lowering costs by around $60 million by 2025.

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