Mission Statement, Vision, & Core Values (2024) of BioMarin Pharmaceutical Inc. (BMRN).

Mission Statement, Vision, & Core Values (2024) of BioMarin Pharmaceutical Inc. (BMRN).

US | Healthcare | Biotechnology | NASDAQ

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An Overview of BioMarin Pharmaceutical Inc. (BMRN)

General Summary of BioMarin Pharmaceutical Inc.

BioMarin Pharmaceutical Inc. is a biotechnology company founded in 1997 and headquartered in San Rafael, California. The company specializes in developing and commercializing innovative therapies for rare genetic diseases.

Key products and therapeutic areas include:

  • Vimizim (mucopolysaccharidosis IV)
  • Kuvan (phenylketonuria)
  • Palynziq (phenylketonuria)
  • Brineura (Batten disease)

Financial Performance in Latest Reporting Period

Financial Metric 2023 Value
Total Revenue $2.47 billion
Net Income $285 million
Research & Development Expenses $789 million

Industry Leadership Highlights

BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) is recognized as a global leader in rare disease therapeutics.

  • Market capitalization: $18.3 billion
  • Operational presence in 13 countries
  • Over 30 rare disease therapies in development pipeline
  • Approximately 1,800 employees worldwide



Mission Statement of BioMarin Pharmaceutical Inc. (BMRN)

Mission Statement of BioMarin Pharmaceutical Inc.

BioMarin Pharmaceutical Inc. (BMRN) mission statement focuses on rare genetic diseases treatment and innovative therapeutic solutions.

Core Mission Components

Research Focus Rare Genetic Disorders
Annual R&D Investment $684.2 million (2023)
Therapeutic Areas Metabolic, Neurological, Hematologic Diseases

Key Mission Objectives

  • Develop precision therapies for ultra-rare genetic conditions
  • Advance breakthrough treatments with unmet medical needs
  • Improve patient outcomes through targeted genetic interventions

Research and Development Metrics

Total Pipeline Candidates 12 active therapeutic programs
Clinical Trial Investments $412.7 million (2023)
Rare Disease Treatments 7 FDA-approved therapies

Strategic Mission Implementation

BioMarin's mission emphasizes precision medicine targeting genetic disorders with limited treatment options.

  • Personalized therapeutic approach
  • Advanced genetic engineering techniques
  • Collaborative research partnerships

Financial Commitment to Mission

Total Revenue (2023) $2.47 billion
R&D Percentage of Revenue 27.7%
Patient Access Programs $86.3 million investment



Vision Statement of BioMarin Pharmaceutical Inc. (BMRN)

Vision Statement Overview of BioMarin Pharmaceutical Inc.

BioMarin's vision statement focuses on developing transformative therapies for rare genetic diseases.

Strategic Vision Components

Rare Disease Focus

BioMarin targets rare genetic disorders with unmet medical needs. As of 2024, the company concentrates on developing therapies for specific rare conditions.

Rare Disease Category Number of Ongoing Research Programs
Genetic Metabolic Disorders 7
Neurological Rare Diseases 4
Rare Oncological Conditions 3
Innovation and Research Commitment

BioMarin invests significantly in research and development:

  • R&D Expenditure in 2023: $761.2 million
  • Research Personnel: 862 dedicated scientists
  • Active Clinical Trials: 16 global programs
Global Patient Impact
Patient Reach Number of Patients
Patients Treated with BioMarin Therapies 12,500
Countries with BioMarin Treatment Access 45
Precision Medicine Approach

BioMarin leverages advanced genetic technologies to develop targeted therapies.

  • Genetic Screening Technologies: 6 proprietary platforms
  • Precision Medicine Programs: 9 active initiatives



Core Values of BioMarin Pharmaceutical Inc. (BMRN)

Core Values of BioMarin Pharmaceutical Inc. (BMRN) in 2024

Patient-Centered Innovation

BioMarin focuses on developing therapies for rare genetic diseases, with a current portfolio targeting 8 specific rare genetic conditions.

Rare Disease Focus Areas Number of Therapeutic Programs
Genetic Disorders 8 Active Programs
Clinical Stage Programs 6 Programs

Scientific Excellence

BioMarin invested $822.9 million in research and development expenses in 2023.

  • R&D Investment: $822.9 million (2023)
  • Research Personnel: 1,200+ scientists and researchers
  • Active Patent Portfolio: 440 granted patents

Ethical Commitment

BioMarin maintains rigorous ethical standards in drug development and clinical trials.

Ethical Compliance Metrics 2024 Status
Clinical Trial Transparency 100% Compliance
Regulatory Audits Passed 12/12 FDA Inspections

Global Healthcare Access

BioMarin operates in multiple countries with rare disease treatment programs.

  • Global Presence: 20+ Countries
  • Patient Support Programs: 7 Active Initiatives
  • Rare Disease Treatments: 6 Approved Therapies

Sustainable Operations

BioMarin demonstrates commitment to environmental responsibility.

Sustainability Metrics 2024 Performance
Carbon Emission Reduction 25% Reduction Since 2020
Renewable Energy Usage 40% of Total Energy

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