Thursday, February 17, 2011

Debt conversion pushes BioMarin to $12.2M in Q4 loss

BioMarin Pharmaceutical Inc. lost $12.2 million in the December quarter, compared with a $4.7 million profit a year earlier.
The company’s revenue rose to $101.6 million in the quarter, up from $87.1 million a year earlier.
BioMarin (NASDAQ: BMRN), based in Novato, blamed the fourth quarter loss on $13.7 million in debt conversion expenses.

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