BioMarin: Depressed Price Due To CRL, Major Catalysts Ahead

Avisol Capital Partners
Investing Group Leader

Summary

  • BioMarin stock remains depressed since the August CRL.
  • There are major catalysts ahead.
  • BMRN has a solid cash balance and revenue stream.
  • Looking for more investing ideas like this one? Get them exclusively at The Total Pharma Tracker. Learn More »
Blood cells
Photo by Pixelimage/E+ via Getty Images

BioMarin (NASDAQ:BMRN) has been a beaten-down stock since August last year, when it received a Complete Response Letter (CRL) for its Hemophilia A drug Roctavian (valoctocogene roxaparvovec), which resulted in a two-year delay in approval and cutting down by half of the stock’s value. Since

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This article was written by

Avisol Capital Partners
18.25K Followers

Avisol Capital Partners is made up of a team of medical experts, finance professionals and techies, all of whom invest their own money in the picks they share. They aim to help readers find the middle ground between value and growth investing, as they demystify the biopharma industry.

They lead the investing group Total Pharma Tracker where they offer a monthly updated catalyst database, an investability scoring system for quick reference ideas, and direct access in chat for dialogue and questions. Learn more.

Analyst’s Disclosure:I am/we are long BMRN. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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