BioMarin Buys ZyStor For $115M

8/18/10

BioMarin Pharmaceutical (NASDAQ: BMRN), the Novato, CA-based maker of drugs for rare diseases, said it has agreed to acquire Milwaukee, WI-based ZyStor Therapeutics for $22 million upfront, plus another $93 million if certain milestones are met, bringing the total value of  the deal to $115 million. ZyStor is developing enzyme replacement therapies for lysosomal storage disorders. Its lead drug candidate is for the treatment of Pompe disease.

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