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On the Line: BioMarin Pharma's CEO Jean Jacques Bienaime

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Published: Thursday, 11 Oct 2007 | 10:38 AM ET
By:

Web Editor, "Mad Money"

BioMarin Pharmaceuticals should be profitable next year, CEO Jean Jacques Bienaime told Cramer Wednesday on Mad Money, thanks to the expected approval of a new drug.

BioMarin Pharmaceutical CEO
Talking with Jean Jacques Bienaime, BioMarin Pharmaceutical CEO, and Mad Money host Jim Cramer.

The drug, Kuvan, has priority-review status with the Food & Drug Administration because of its "advanced medical need," Bienaime said. That means approval could come as soon as November, possibly putting BioMarin in the black for 2008.

Kuvan is a treatment for a metabolic disorder called phenylketonuria. Fifty thousand people eagerly await the drug’s approval because Kuvan will be the first treatment for the disease outside of a rigid diet.

“BMRN is not done going up,” Cramer said.

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The company should be profitable next year, the chief executive said, thanks to the expected approval of a new drug.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
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