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Now Genzyme plans to replicate this strategy with Fabrazyme and Aldurazyme, two drugs which target ultra-rare genetic diseases.
FORBES: Magazine Article
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Genzyme splits revenue from Aldurazyme with BioMarin Pharmaceutical (nasdaq: BMRN - news - people ).
FORBES: Can Genzyme Defy Skeptics Again?
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Genzyme wrote the book on making a profit on incredibly rare genetic diseases like MPS I, which Aldurazyme treats.
FORBES: BioMarin Gets Ready To Bloom
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If this happens next year and Aldurazyme sells, the tiny company will be within tossing distance of breaking even.
FORBES: BioMarin Gets Ready To Bloom
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For Price's plans to come to fruition, Aldurazyme, the newly approved drug, must also receive regulatory clearance in Europe, which is expected soon.
FORBES: BioMarin Gets Ready To Bloom
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And it has had plenty of opportunity to interact with Genzyme: The two companies formed a joint venture to develop Aldurazyme, BioMarin's first approved drug.
FORBES: BioMarin Follows Genzyme's Playbook
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Aldurazyme treats an estimated 3, 000 people suffering from mucopolysaccharidosis 1 (MPS1).
FORBES: Can Genzyme Defy Skeptics Again?
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In April, it received approval from the U.S. Food and Drug Administration for not one but two drugs: Aldurazyme, a treatment for the rare genetic disorder MPS I that is co-marketed with Novato, Calif.
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But Aldurazyme alone won't be enough.
FORBES: Magazine Article