Strategic overhaul as BioMarin targets $4 billion in revenue
BioMarin Pharmaceutical (Nasdaq: BMRN) has announced a new corporate strategy targeting $4 billion in revenue by 2027, during a recent investor day.
The company's leadership, led by chief executive Alexander Hardy, who stepped into the role nine months ago, outlined plans to drive long-term growth and enhance operating margins to the low-to-mid 40% range by 2026.
The new strategy follows a restructuring that includes a $500 million cost transformation program and a reduction of approximately 225 jobs, representing about 7% of its workforce.
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