BioMarin Announces Appointment of Timothy P. Walbert to Board of Directors
Rhea-AI Summary
BioMarin Pharmaceutical (Nasdaq: BMRN) has appointed Timothy P. Walbert to its Board of Directors, effective Feb. 24, 2025. Walbert, the former chairman, president and CEO of Horizon Therapeutics until its acquisition by Amgen in 2023, brings over 30 years of pharmaceutical industry experience.
Walbert's extensive background includes leadership roles at IDM Pharma (acquired by Takeda), NeoPharm, Abbott (now AbbVie), Pharmacia, Merck, Pfizer, and Wyeth Ayerst. He currently serves as senior advisor at Amgen and holds board positions at Sagimet Biosciences, Mirum Pharmaceuticals, and Century Therapeutics.
The appointment aligns with BioMarin's new strategy focused on innovation, growth, and value creation, with CEO Alexander Hardy highlighting Walbert's operational expertise and patient-centered approach in commercializing medicines.
Positive
- Appointment of seasoned executive with 30+ years of pharmaceutical industry experience
- Strong track record in rare disease commercialization and company growth (led Horizon from founding to successful acquisition)
- Extensive board experience in biotech sector with current positions at multiple companies
Negative
- None.
Mr. Walbert led Horizon, a company that focused on medicines for rare diseases, from its founding in 2008 to acquisition by Amgen in 2023. Mr. Walbert is currently senior advisor, Amgen. Prior to Horizon, Mr. Walbert served as president and chief executive officer of IDM Pharma, which was acquired by Takeda in 2009, and before that held leadership positions at NeoPharm Inc. and Abbott (now AbbVie). He brings more than 30 years of industry experience across a number of pharmaceutical companies, including Pharmacia, Merck, Pfizer and Wyeth Ayerst. Mr. Walbert currently sits on the boards of directors of Sagimet Biosciences, Mirum Pharmaceuticals and Century Therapeutics.
"We are very pleased to welcome Tim to our Board of Directors," said Alexander Hardy, president and chief executive officer of BioMarin. "Tim is a deeply talented and well-respected leader with significant operational expertise, who brings a wealth of insight in commercializing medicines. Over the course of his career in the biopharmaceutical industry, he is someone who has been known for always putting patients first. The combination of his business acumen and patient-centered approach make him an ideal addition to our Board."
"I am pleased to join BioMarin's Board as the company works to deliver on the new strategy laid out last year focused on innovation, growth and value creation," said Mr. Walbert. "Throughout my time in the industry, I have focused on prioritizing the needs of patients and I look forward to working with BioMarin as the team advances new medicines for people with genetically defined conditions."
About BioMarin
BioMarin is a global biotechnology company dedicated to translating the promise of genetic discovery into medicines that make a profound impact on the life of each patient. The
Forward-Looking Statements
This press release contains forward-looking statements about the business prospects of BioMarin Pharmaceutical Inc. (BioMarin), including without limitation, statements about: expectations regarding the addition of Mr. Timothy P. Walbert to BioMarin's Board of Directors and BioMarin's strategy execution and advancement of new medicines. These forward-looking statements are predictions and involve risks and uncertainties such that actual results may differ materially from these statements. These risks and uncertainties include, among others: finalizing the appointment of Mr. Walbert, BioMarin's success in the commercialization of its commercial products, impacts of macroeconomic and other external factors on BioMarin's operations; results and timing of current and planned preclinical studies and clinical trials and the release of data from those trials; BioMarin's ability to successfully manufacture its commercial products and product candidates; and those factors detailed in BioMarin's filings with the Securities and Exchange Commission, including, without limitation, the factors contained under the caption "Risk Factors" in BioMarin's Annual Report on Form 10-K for the year ended December 31, 2024, as such factors may be updated by any subsequent reports. Stockholders are urged not to place undue reliance on forward-looking statements, which speak only as of the date hereof. BioMarin is under no obligation, and expressly disclaims any obligation to update or alter any forward-looking statement, whether as a result of new information, future events or otherwise.
BioMarin® is a registered trademark of BioMarin Pharmaceutical Inc.
Contacts: | |
Investors | Media |
Traci McCarty | Marni Kottle |
BioMarin Pharmaceutical Inc. | BioMarin Pharmaceutical Inc. |
(415) 455-7558 | (415) 218-7111 |
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SOURCE BioMarin Pharmaceutical Inc.
FAQ
When did Timothy Walbert join BioMarin's (BMRN) Board of Directors?
What was Timothy Walbert's previous executive role before joining BMRN's board?
Which other company boards does BMRN's new director Timothy Walbert serve on?
How does Timothy Walbert's appointment align with BMRN's strategy?
