Goldman Sachs logo
Goldman Sachs

May 21, 2026

BioMarin Voxzogo Expansion in Hypochondroplasia

Single Stock ReportEquitiesHealth Care

BioMarin reported positive Phase 3 data for Voxzogo in hypochondroplasia, exceeding efficacy expectations and paving the way for a 3Q 2026 sNDA submission.

Key Takeaways

  • 1.BioMarin reported positive Phase 3 topline data for Voxzogo in hypochondroplasia, meeting the primary endpoint of 52-week change in annualized growth velocity (2.33cm/yr).
  • 2.Management plans to submit a supplemental New Drug Application (sNDA) in 3Q 2026, with potential commercial launch in 2027.
  • 3.The global addressable population for hypochondroplasia is estimated at 14,000, with peak sales modeled at approximately $300 million.

Table of Contents

  • BioMarin Pharmaceutical Inc. (BMRN): Positive topline hypochondroplasia data unlocks a Voxzogo expansion opportunity
  • Valuation and risks
  • Disclosure Appendix
  • Reg AC
  • GS Factor Profile
  • M&A Rank
  • Quantum
  • Disclosures
  • Company-specific regulatory disclosures
  • Distribution of ratings/investment banking relationships
  • Price target and rating history chart(s)
  • Target price history table(s)
  • Regulatory disclosures
  • Global product; distributing entities
  • General disclosures

Document Preview

Page 1 of 5
Page 1 of BioMarin Voxzogo Expansion in Hypochondroplasia
Subscribe for full access

Access the Full Report

Get unlimited access to institutional research reports with a 14-day free trial.

Authors

Salveen RichterTommie ReerinkElizabeth Webster, Ph.D.

Securities

BMRNBBIOASND

Themes

Rare Disease Market ExpansionBiotech Competitive Landscape

Regions

GlobalEuropeUnited States