33
BioMarin Pharmaceutical Inc. Global Leader in Rare Disease Therapeutic Discovery, Development and Commercialization

Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

  • Upload
    others

  • View
    2

  • Download
    0

Embed Size (px)

Citation preview

Page 1: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

BioMarin Pharmaceutical Inc.

Global Leader in Rare Disease Therapeutic

Discovery, Development and Commercialization

Page 2: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

2

Safe Harbor Statement

This non-confidential presentation contains ‘forward-looking statements’ about thebusiness prospects of BioMarin Pharmaceutical Inc., including potential future productsin different areas of therapeutic research and development. Results may differ materiallydepending on the progress of BioMarin’s product programs, actions of regulatoryauthorities, availability of capital, future actions in the pharmaceutical market anddevelopments by competitors, and those factors detailed in BioMarin’s filings with theSecurities and Exchange Commission such as 10-Q, 10-K and 8-K reports.

Page 3: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

3

Our Mission:

We develop therapeutics that

have a real impact for patients

who live with serious and life-

threatening rare genetic

diseases

We remain committed to

bringing new treatments to

market that will provide a

meaningful benefit to small

and medium-sized patient

populations

Page 4: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

4

2020 Key Milestones

Vosoritide: Achondroplasia

Submit Global Marketing Applications

Complete enrollment of Phase 2 “206” Study with 0-5 year-olds

LAUNCH IN HEMOPHILIA A!

ValoctocogeneRoxaparvovec

(BMN 270):Hemophilia A

2020 FinancialGuidance

R&D Engine US IND and UK CTA cleared for BMN 307 gene therapy for phenylketonuria

Commence Phase 1/2 Study with BMN 307 gene therapy for phenylketonuria

GAAP profitability for the first time; FY GAAP Net Income of between $20M - $80M

FY Total Revenues of between $1.85B - $1.95B

Page 5: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

5

Valoctocogene Roxaparvovec Applications under Accelerated/Priority Review and Potential Launch in 2H20

• Early adopter interest and potential initial uptake

• BioMarin gene therapy educational programs have garnered ~400 opt-ins

• ~300 people provided signed informed consent for GENEr8-1 study

• Payer sentiment and reimbursement

• Significant patient burden and cost of severe hemophilia A is well understood

• Estimated average annual cost of chronic prophylactic rFVIII ~$700K1

• Lifetime estimated cost ~$38M in rFVIII usage for an adult male with severe hemophilia A2

• Commercial readiness for launch in the U.S. and Europe

• 90% of U.S. commercial team built-out; sales managers in place in major European markets

• Ample commercial inventory on-hand and ready for launch!

Key Considerations for Success

1. Stacy Croteau et al, Haemophilia 2019; 1-8; 2. Assumes ~$700M estimated annual cost of chronic prophylactic rFVIII for adult male lifetime treatment from 18-71 years of age

Page 6: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

6

Wholly Owned Manufacturing Capabilities Support Rapid Drug Development and Commercialization

• 1999: Novato, California facility opened

• Footprint: 80,000ft2

• Manufactures: Aldurazyme, Naglazyme,

Palynziq, Vimizim, Vosoritide

• 2011: Shanbally, Ireland facility acquired

• Footprint: 200,000ft2

• Manufactures: Brineura, Vimizim

• 2017: Novato, California facility commissioned

• Footprint: 50,000ft2

• Manufactures: BMN 270 hemophilia A GT, BMN

307 PKU GT

• Manufacturing at 2000L Bioreactor Scale

Biologics Facilities Gene Therapy Facility

Substantial track record of inspections and cGMP compliance

* Projected annual capacity assuming 6e13 vg/kg dose for both BMN 270 and BMN 307

Page 7: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

7

Products under Development

Product Indication Preclinical Phase 1 Phase 2 Phase 3 Anticipated 2020 Milestones

Vosoritide Achondroplasia Submit Applications

VosoritideMonogenic skeletal dysplasias*

Initiate Phase 2 Study

Gene Therapy

Valoctocogene Roxaparvovec

Hemophilia A Approval/launch

BMN 307 Phenylketonuria Initiate Phase 1/2 Study

BMN 331 Hereditary Angioedema IND-enabling studies

DiNA-001MYBPC3 hypertrophic cardiomyopathy (HCM)

*Under development as part of a research collaboration with Children’s General

BioMarin’s Portfolio of Products Targeting Rare Genetic Disorders

Commercialized Products

Page 8: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

8

Diversified Global Business in over 75 Countries Drives Revenue Growth

Currently Approved Products Continue

to Drive Steady Revenue Growth

FY 2018 actuals2014 2015 2016 2017 2018 2019 2020

2020 FY Guidance

$1,850 - $1,950

$751$890

$1,117

$1,491$1,313

$1,704

Global Revenue Contributions for

BMRN Marketed Products

43%

31%

14%

12%

US Europe LatAm ROW

FY 2019 actuals

Page 9: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

9*Patients addressable for Palynziq include people with PKU ≥ 16 y/o in EUMEA and ≥ 18 y/o in U.S. PKU patients defined as pat ients diagnosed through newborn screening. Out-of-clinic patients are those who have been diagnosed, but have not returned to clinic in at least 2 years

Significant Growth Opportunity for PalynziqExpect FY20 Revenue of Between $160M - $190M

~1,900

~8,000

~19,200

On Kuvan In Clinic Out-of-Clinic$4.1

$8.1

$12.3

$18.8

$24.1

$31.7

$34.6

$0.0

$5.0

$10.0

$15.0

$20.0

$25.0

$30.0

$35.0

$40.0

3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20

Revenue

Palynziq Revenue Growth Since Launch ($ in millions)

Total Patients:

~30,000

U.S. and EUMEA Addressable Adult PKU Patients*

Palynziq and Kuvan are the only approved

products to treat PKU

Page 10: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

valoctocogene roxaparvovec (BMN 270)for severe hemophilia A

On expedited timelines, potential for approvals and launch this year;

Phase 3 enrolled; BLA submitted and MAA validatedExpected 2020

LAUNCH!

Page 11: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

11

Expedited Reviews Underway in both the U.S. and Europe; Potential FDA Approval in 3Q20

Confidence in Valoctocogene Roxaparvovec based on Demonstrated Clinical Benefit

Executed and planned

milestones

• Accelerated Assessment granted by EMA; MAA validated and under review with PRIME designation

• BLA accepted for Priority Review; PDUFA action date August 21, 2020; no AdCom currently planned

• Four years of Phase 2 clinical data expected prior to commercial launch

• 2020 product approval and launch anticipated

• Strong evidence of bleed control and elimination of FVIII usage across study population

• FVIII expression reasonably likely to predict favorable bleeding outcomes

• Global applications based on criteria met for expedited assessment

• Bleed control superior to SOC out to 3 years with 6e13 vg/kg dose and 2 years with 4e13 vg/kg dose

• 4 year 6e13 vg/kg dose and 3 year 4e13 vg/kg dose updates expected mid-year 2020

Phase 3 (301) Study Interim

results

Phase 1/2 (201) Study

Full Phase 3 (301) Study

• Study adequately powered for ABR to demonstrate superiority over Standard of Care

• Steroid management enhanced

• Study fully enrolled - 130 patients dosed!

• Data expected 4Q20/1Q21

Page 12: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

12

Subject ID

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

FV

III

Expre

ssio

n L

evel

High

Low

Subject ID

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

FV

III

Expre

ssio

n L

evel

High

Low

FVIII Infusions Treated BleedsHemophilic Range Severity

Chromogenic One-Stage

(23–26 Weeks)

Non-Hemophilic (>40 IU/dL) Mild (5-40 IU/dL) Moderate (1-5 IU/dL) Severe (<1 IU/dL) Below Level of Quantification

Pre-BMN 270 Post-BMN 270

91

Pre-BMN 270 Post-BMN 270

Physiologic Correction of Hemophilia A with Valoctocogene Roxaparvovec Treatment, Bleed Control After Eliminating Prophylactic FVIII Infusions

Page 13: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

13

Median bleeds: Zero in years 1, 2 & 3 post-valoctocogene roxaparvovec treatment

* The one subject treated with on demand rFVIII pre-infusion was excluded; ** N=7 and includes the one subject treated with on demand rFVIII pre-infusion

Valoctocogene Roxaparvovec Phase 2 Study at Three Years: Substantial Sustained Reduction in Treated ABRs and FVIII Usage

6e13 vg/kg Dose Cohort at Years 1, 2 & 3

(N=6*)

96% reduction in

mean ABR

6e13 vg/kg Dose Cohort FVIII Usage in Years 1, 2 & 3

(N=6*)

96% reduction in

mean FVIII usage

16.5

0 0 0

16.3

0.90.2 0.7

0

2

4

6

8

10

12

14

16

18

Pre-infusion Y1 post Y2 post Y3 post

AB

R (

ep

iso

des/y

ear)

median mean

138.5

0 0 0

136.7

2.18.8 5.5

0

20

40

60

80

100

120

140

160

Pre-infusion Y1 post Y2 post Y3 post

An

nu

alized

FV

III

Usag

e

(in

fusio

ns/y

ear)

median mean

96% reduction in mean FVIII usage

100% median reduction

96% reduction in mean ABR

100% median reduction

Page 14: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

14

January 2020: 2nd NEJM Article Highlighting Valoctocogene Roxaparvovec Long-term Bleed Control

Figure 4. Number of Observed and Predicted Bleeding Events, According to FVIII Activity Level

At the end of year 3, all participants:

• were no longer receiving prophylaxis

• had mean ABR of “0” and,

• had full resolution of bleeding in target joints

= # of treated bleeding events and the corresponding factor VIII level (chromogenic) within a 4-week window

Note: Outlier 1 at FVIII activity level of 20 IU per deciliter where FVIII was administered in response to a muscular bleed; outlier 2 at FVIII activity level of 53 IU per deciliter represents a self-administration of FVIII in response to a traumatic ankle injury

Page 15: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

15

Valoctocogene Roxaparvovec has the Largest Patient Eligibility based on Seroprevalence Rates in the Hemophilia A Population

*adapted from ISTH 2019 podium/oral presentation, Melbourne Australia

AAV5 has the lowest prevalence of pre-existing immunity compared to other serotypes

~70% of Hemophilia A patients in BioMarin global territories estimated to be negative for antibodies to AAV5

AAV5 AAV2 AAV6 AAV8 AAVrh10

USA 79% 55% 67% 72% 65%

Global Hem A

weighted average69% 49% 58% 61% 58%

% of Hem A patients eligible (AAV5-) for valoctocogene roxaparvovec treatment

Page 16: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

16

Global Hemophilia A Market in 2019 was $9.7B1

Estimated WAC pricing for Hemlibra in non-inhibitor adult patients is between $600K-$800K per year 2

Fully-compliant, WAC pricing for FVIII replacement in adults is $403K-$674K per year 3

An Estimated ~121K Hemophilia A Patients in BioMarin Territories5

NORAM total: ~21,400

LATAM total: ~21,800

EUMEA total: ~67,000

APAC: ~11,200

1. Evaluate Pharma 2020; 2. PriceRx IHA Global insight Oct. 2015-Oct. 2016 (WAC price reflects cost of Factor VIII replacement for an adult on prophylaxis); 3. Based on WAC price of $99.20 per mg $482K/year for a

58 kg subject; Centers for Disease Control and Prevention (CDC) estimates the average adult American male weighs >90 kg; 4. EPI Data from 2018 WFH Annual Survey; NHF website:

http://www.hemophilia.org/Bleeding-Disorders/Types-of-Bleeding-Disorders/Hemophilia-A; 5. 2018 WFH and CDC Community counts

Hemophilia A Severity4

~25%

Mild

~60%

Severe ~15%

Moderate

Page 17: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

17

Prophylaxis therapy

costs ~$700,0001

annually per patient with

severe Hemophilia A,

and treatment of a

single bleed can cost

over $50,000

Current treatments

include chronic,

burdensome 1-3x

weekly infusions and

limited physical activity

which can still result in

hospital stays and lost

time at school / work

Severe patients (<1%

FVIII in blood) experience

frequent spontaneous

and recurrent bleeding

episodes, often

deteriorating joints and

muscles

1Croteau SE, Cheng D, Cohen AJ, et al. Regional variation and cost implications of prescribed extended half-life factor concentrates among U.S. Haemophilia Treatment Centres for patients with moderate and severe haemophilia. Haemophilia. 2019.

Significant Impact on Quality of Life and Costs to the Healthcare System

Significant Unmet Need in Severe Hemophilia A Places Major Burden on Patients, Caregivers and Society

Page 18: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

18

Share for gene therapy could reach ~50% by year 5 with rFVIII therapies ceding most share

Recent Physician Survey Predicts Robust Valoctocogene Roxaparvovec Prescribing Behavior in Hemophilia A

Share of Gene Therapy in Hemophilia Amean % of patients

21%

37%

46%

- In 12 months post launch -

- In 3 yearspost launch -

- In 5 yearspost launch -

Switching to Gene Therapy mean % of patients

From Recombinant Factor replacement treatment

From Hemlibra

34%

29%

45%

38%

12 months

post launch

36 months

post launch

Source: Citi Research, Survey of US hematologists (n=60)Results weighed by number of hemophilia patients under care

Page 19: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

19

Multi-pronged Commercial Readiness Plans Launched in 2017 Driving Awareness and Enthusiasm

Early B2B Partnership

with US Payers

Active US Payer

Engagement

Expansion of Payer Accounts

Teams

Early Availability of Value Materials

Progress Outcomes

Based Agreement

Offering

Initiated HCP-led gene therapy

education programs

Hired US Regional Sales

Leaders and Initial Wave of Account

Managers

Hired, trained and launched Managed Market Teams

Held key payer engagement representing 220 million covered lives

Initiated Gene Therapy (GT) Education Programs led by trained HCP speakers

Received hundreds of hemophilia community opt-ins for our GT educational programs

Increased global patient interest through our digital platform, Hemdifferently.com

Hired experienced field leadership and account managers

Page 20: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

vosoritide for achondroplasia

Phase 3 complete; Phase 2 (206) infant/toddler study ongoing; Phase 2 (201) 5 years of data; Natural History Study ongoing2021 Expected

Vosoritide Launch

Page 21: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

21

No Approved Medical Therapies; only Treatment Available is Limb-Lengthening Surgery

Achondroplasia: The Most Common Form of Dwarfism

• Caused by a mutation in the fibroblast growth receptor 3 gene (FGFR3), a negative regulator of bone growth

• 80% of cases occur from parents of average stature (due to spontaneous mutation in FGFR3)

• In addition to short stature, serious medical manifestations include:

• Foramen magnum compression, Sleep apnea, Bowed legs, Permanent sway

of the lower back, Spinal stenosis & Obesity

• Most common skeletal dysplasia - 1:25,000 birth worldwide

• ~22,000 children with achondroplasia in BioMarin global territoriesEndochondral

bone (in blue)

Page 22: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

22

Global 4-pronged Program Focuses on Efficacy, Safety, Durability and Importance of Early Treatment

Natural History Data:Age and Gender

Matched Comparator Population

Phase 3 Study results:Proven Efficacy

Phase 2 Studies: Durability of Effect

Phase 2 Studies: 0–5 years

Benefits of Early Treatment

• Comparative analyses by age and gender matched (N≥600) against trial data

• Ready for NDA / MAA filings in 3Q20

• Primary endpoint result p<0.0001

• N=121, (5–18 years) pivotal for initial registration

• Randomized, placebo-controlled and stratified by age group and puberty

• 54-month Phase 2 Clinical Data and Natural History Analyses

• Sustained efficacy and counting

• 42-month data now published in NEJM

• 3 cohorts: C1 (2–5 years); C2 (6mo–2years); C3 (0–6mos)

• Cohorts 1 and 2 are fully enrolled

• First Cohort 3 sentinels enrolled – aged <6M

Page 23: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

23

Primary endpoint result:

• 1.6 cm/year (p<0.0001) placebo-adjusted added increase from baseline in growth velocity after 1 year of treatment with vosoritide

Phase 3 and Phase 2 have similar patient populations:

Safety:

• Vosoritide was generally well tolerated, the majority of adverse events (AEs) were mild

• No serious adverse events were reported as study drug-related

Significant Improvement in Annualized Growth Velocity Observed after 1 Year

Phase 3 Results: Data Demonstrates Strong Increase in Growth Velocity Across Broad Study Population

Phase 2 C3 (5–14 years eligible) Phase 3 (5–18 years eligible)

Baseline AGV 4.0cm/yr 4.2cm/yr

Mean Age (Range Enrolled) 8.0 (6–11) 8.7 (5–14)

Tanner 1 vs >1 100% vs 0.0% 79.3% vs 20.7%

Male vs Female 40.0% vs 60.0% 52.9% vs 47.1%

Page 24: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

24

Phase 2 54-month Results: Continuous Treatment Increases Vosoritide Cumulative Benefit Compared to Natural History

9.0cm Cumulative Additional Height Gained vs. Natural History over 54 Months

• Preliminary Analysis with 15 µ/kg dose vosoritide vs. Natural History• Phase 2 C3 n=10 subjects matched to NH data at baseline and at 54 months by age and gender (n=619) • Cross Sectional Analysis comparing standing height at baseline vs. standing height at 54 months

4.6cm13.5cm

9.0cm p≤0.005

Baseline 54 Months

Sta

nd

ing

He

igh

t

Natural History Vosoritide

Gra

ph

ic fo

r ill

ustr

atio

n o

nly

Page 25: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

25

Phase 2 Study (206) 3 Cohorts: C1 (2–5 years) Fully Enrolled; C2 (6 months–2 years) Fully Enrolled; C3 (0–6 months) Enrolling

Expanding Vosoritide Patient Population to Include Infants and Toddlers Ages 0–5 Years to Provide Maximum Benefit

• Sentinels enrolled to evaluate PK – likely impacted by age / weight

• Trial designed to evaluate dose adjustments required as children get older

• Short acting once-daily avoids risk of drug accumulation / overdose

• Cohort 1 (aged 2–5 years): dosed at 15 µ/kg

• Cohort 2 (aged 6 months–2 years): dosed at 30 µ/kg

• Cohort 3 (aged <6 months): under evaluation

• Safety and tolerability in infants and children remains consistent with what has been observedin Phase 2

Page 26: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

26

Summary: Sustained Growth Effects of Vosoritide Through 54 Months, Multi-pronged Global Program Progressing Rapidly

• Phase 3 demonstrated 1.6 cm/year (p<0.0001) placebo-adjusted additional increase from baseline in growth velocity after 1 year of treatment

• Large contemporaneous Natural History Dataset to support NDA/MAA

• At 54 months, sustained drug effect and additional cumulative height gained of 9.0cm compared to Natural History data

• Now dosing infants <6 months to evaluate PK / safe dosing

• No significant cardiovascular effects

Comprehensive Global Program Progressing Rapidly

Next Step Submit marketing applications to the FDA and EMA in 3Q20

Page 27: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

Next Gene Therapy Product to Enter the Clinic

BMN 307: Gene Therapy for the treatment of PKU

Potential 3rd Therapy to treat PKU in BioMarin’s Franchise

Page 28: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

28

BMN 307: CTA & IND Active

PHEnom

Observational Study in Patients with PKU

Measure markers of disease and clinical outcomes over time in PKU patients

PHEarless

Gene Therapy Interventional StudyDetermine the safety, efficacy and tolerability of a single

administration of BMN 307 in PKU patients

• Part A: dose selection / Part B: dose expansion

• CTA accepted & IND Active

902

201

Next StepInitiate potential registration-enabling Phase 1/2 study, with

commercial scale material in 2H20

Page 29: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

DiNA-001 for MYBPC3 hypertrophic cardiomyopathy (HCM)

New Gene Addition Program

Being developed in collaboration with DiNAQOR

Page 30: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

30

MYBPC3 Gene Addition: Improves Hallmarks of HCM and Identifies Vector Lead for Optimization

iPSC derived cardiomyocytes from HCM

patient with an MYBPC3 mutation

Hypertrophy FunctionDisarray

Confirmed and extended

hypertrophy studies in patient-

derived cells

Generated additional in

vivo efficacy data on impact

of AAV MYBPC3 on HCM

phenotype

Confirmed sarcomeric

incorporation of transgene

product

Cardiac

tissue

imaging at

week 34

Prevention of disarray

WT HCM

HCM + AAV MYBPC3

Generated human engineered

heart tissue model for in vitro

efficacy studies

Confirmed mRNA and protein

expression

Reference: Prondzynski, M (2017)

Recent activities completed

(Confidential data to be published)

Reference: Mearini, G, Nature (2014)

3x1012

Improvement in cardiac function

Page 31: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

31

ItemPrevious

2020 GuidanceCurrent

2020 Guidance

Total BioMarin Revenues1

$1,950 to $2,050 $1,850 to $1,950

Vimizim Net Product Revenue $560 to $610 $530 to $570

Kuvan Net Product Revenue $430 to $480 Unchanged

Naglazyme Net Product Revenue $380 to $420 $360 to $400

Palynziq Net Product Revenue $180 to $210 $160 to $190

Brineura Net Product Revenue $85 to $115 Unchanged

Cost of Sales (% of Total Revenue) 20% to 21% Unchanged

R&D Expense $675 to $725 Unchanged

SG&A Expense $780 to $830 Unchanged

GAAP Net Income2

$20 to $80 Unchanged

Non-GAAP Net Income3

$260 to $310 Unchanged

GAAP Profitability Anticipated for the First Time in BioMarin’s History2020 Full-Year Financial Guidance Updated to Reflect Projected Impact of COVID-19 ($ in millions, except percentages)

1. Updated Revenue guidance reflects BioMarin’s projected impact of the COVID-19 pandemic on its global revenue sources, mostly in the form of demand interruptions such as missed patient infusions and delayed treatment starts for new patients. The updated revenue guidance assumes stabilization of such interruptions in the second half of 2020. 2. 2020 GAAP Net Income guidance does not reflect the potential impact on non-cash GAAP income tax associated with the tax effects of potential intra-entity intangible asset transfers between BioMarin entities as a result of changing international tax laws. Any such changes, if implemented, are not expected to have an impact on operations or cash flows in 2020 but may have an impact on GAAP Net Income in the form of an income tax benefit of potentially greater than $500 million. 3. All Financial Guidance items are calculated based on U.S. GAAP with the exception of Non-GAAP Income/Loss. Refer to Non-GAAP Information beginning on page 10 of this press release for a complete discussion of the Company’s Non-GAAP financial information and reconciliations to the corresponding GAAP reported information.

Page 32: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

32

2020 Key Milestones

Vosoritide: Achondroplasia

Submit Global Marketing Applications

Complete enrollment of Phase 2 “206” Study with 0-5 year-olds

LAUNCH IN HEMOPHILIA A!

ValoctocogeneRoxaparvovec

(BMN 270):Hemophilia A

2020 FinancialGuidance

R&D Engine US IND and UK CTA cleared for BMN 307 gene therapy for phenylketonuria

Commence Phase 1/2 Study with BMN 307 gene therapy for phenylketonuria

GAAP profitability for the first time; FY GAAP Net Income of between $20M - $80M

FY Total Revenues of between $1.85B - $1.95B

Page 33: Global Leader in Rare Disease Therapeutic Discovery, … · 2020-05-13 · Global Hemophilia A Market in 2019 was $9.7B1 Estimated WAC pricing for Hemlibra in non-inhibitor adult

THANK YOU