From Earlier: Wedbush Reiterates BioMarin Pharmaceuticals Neutral, FV To $35

Wedbush reiterated its BioMarin Pharmaceuticals (NASDAQ: BMRN) Neutral rating and reduced its fair value from $36 to $35 in a research report published today.

In the report, Wedbush stated, "Among the numerous catalysts in the remainder of 2012, we believe release of Phase 3 results from the GALNS trial in Q4 is likely to have the strongest impact on BMRN valuation."

Shares of BioMarin closed today at $36.34, down 0.03% from Thursday's market close.

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