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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
November 2, 2001 (October 31, 2001)
BioMarin Pharmaceutical Inc.
(Exact name of registrant as specified in its charter)
Delaware 000-26727 68-0397820
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
371 Bel Marin Keys Boulevard, 94949
Suite 210 (Zip Code)
Novato, California
(Address of principal executive offices)
(415) 884-6700
(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
On October 31, 2001, the Registrant completed its acquisition of the
rights to all of the pharmaceutical assets of IBEX Technologies Inc. ("IBEX").
IBEX's portfolio of enzyme therapeutics will complement the Registrant's
existing pipeline of products for serious, life-threatening diseases and
conditions.
Under the terms of the two asset purchase agreements which govern the
transactions, the Registrant acquired IBEX's pharmaceutical assets for
approximately US$10.5 million, with all but approximately US$2.0 million payable
in shares of the Registrant's common stock. Based on an agreed upon formula in
the asset purchase agreements, the Registrant has agreed to issue 814,647 shares
of its common stock to IBEX, representing the total number of shares to be
issued in the transaction.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BioMarin Pharmaceutical Inc.
By: /s/ Fredric D. Price
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Fredric D. Price
Chairman and Chief Executive Officer
Date: November 2, 2001