BioMarin Pharmaceutical Inc. Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)

SAN RAFAEL, Calif., Jan. 18, 2013 (GLOBE NEWSWIRE) -- BioMarin Pharmaceutical Inc. (Nasdaq:BMRN) today announced that on January 15, 2013, the compensation committee of BioMarin's board of directors approved the grant to 47 employees of stock options to purchase 65,400 shares of common stock in the aggregate and the grant to 46 of the 47 employees of 17,180 restricted stock units in the aggregate. In addition, the compensation committee approved the grant of a stock option to purchase 15,000 shares of common stock and 4,000 restricted stock units to Shripad Bhagwat, a newly hired Vice President, Research. The stock options were granted pursuant to the BioMarin Pharmaceutical Inc. 2012 Inducement Plan, approved by the compensation committee of BioMarin's board of directors on May 8, 2012, and as inducements material to the new employees entering into employment with BioMarin in accordance with NASDAQ Listing Rule 5635(c)(4).