Advertisement
UK markets closed
  • FTSE 100

    8,285.71
    +99.36 (+1.21%)
     
  • FTSE 250

    21,356.30
    +471.95 (+2.26%)
     
  • AIM

    779.67
    +6.64 (+0.86%)
     
  • GBP/EUR

    1.1844
    -0.0006 (-0.05%)
     
  • GBP/USD

    1.2873
    +0.0019 (+0.14%)
     
  • Bitcoin GBP

    53,553.62
    +948.15 (+1.80%)
     
  • CMC Crypto 200

    1,392.57
    +61.96 (+4.66%)
     
  • S&P 500

    5,459.10
    +59.88 (+1.11%)
     
  • DOW

    40,589.34
    +654.27 (+1.64%)
     
  • CRUDE OIL

    76.44
    -1.84 (-2.35%)
     
  • GOLD FUTURES

    2,385.70
    +32.20 (+1.37%)
     
  • NIKKEI 225

    37,667.41
    -202.10 (-0.53%)
     
  • HANG SENG

    17,021.31
    +16.34 (+0.10%)
     
  • DAX

    18,417.55
    +118.83 (+0.65%)
     
  • CAC 40

    7,517.68
    +90.66 (+1.22%)
     

REFILE-UPDATE 2-BioMarin Pharma gets DOJ subpoena on sponsored testing programs for two therapies

(Corrects to fix typographical error in story identifier)

Feb 26 (Reuters) - BioMarin Pharmaceutical has received a subpoena from the U.S. Department of Justice seeking information about the company's sponsored testing programs related to two treatments, the therapy maker said in a filing on Monday.

Shares of the firm fell 1.65% to $89.74.

The DOJ has asked the company to submit certain documents related to the sponsored testing of its therapies Vimizim and Naglazyme, BioMarin said.

"We have produced documents in response to the subpoena and are cooperating fully, but there is no assurance that such sponsored testing programs, or our other operations or programs, will not be found to violate such laws," the company said in the filing.

ADVERTISEMENT

BioMarin said the subpoena was not related to the safety and efficacy of the therapies.

"We are still in early stages in responding to the subpoena," the company said in an emailed response, adding that it could not comment on specific details.

Vimizim is an enzyme replacement therapy which is approved to treat Morquio A Syndrome, a rare genetic disorder that affects major organ systems.

BioMarin's other therapy, Naglazyme, is approved for the treatment of mucopolysaccharidosis VI, an inherited disorder.

The DOJ did not immediately respond to a Reuters request for comment. (Reporting by Pratik Jain and Sriparna Roy in Bengaluru; Editing by Pooja Desai)