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Genzyme Reports Solid Financial Results for the First Quarter of 2009



                                          Reiterates Outlook for the Year

CAMBRIDGE, Mass. – Genzyme Corp. (NASDAQ: GENZ) today reported that first-quarter revenue rose to $1.15
billion, compared with $1.10 billion in the same period a year ago, an increase of 4 percent. Including the $66
million impact of unfavorable currency exchange rates, revenue grew 10 percent in the first quarter.

GAAP net income rose 35 percent to $195.5 million, or $0.70 per diluted share, compared with $145.3 million, or
$0.52 per diluted share, in the first quarter of 2008. Non-GAAP net income grew 10 percent to $288.1 million, or
$1.04 per diluted share, compared with $260.9 million, or $0.95 per diluted share, in the same period last year.

Genzyme generated approximately $350 million in cash predominantly from operations during the first quarter. The
company used $162 million for continued investments in manufacturing infrastructure, $107 million to repurchase 2
million shares as part of a stock buyback program, and $23 million to acquire intellectual property and common
stock from Exact Sciences Corp.

Based on the expected growth rates of the company’s businesses and the anticipated impact of several key growth
drivers, Genzyme reaffirmed its revenue and earnings guidance for 2009. The company expects 2009 revenue of
$5.15 — $5.35 billion and non-GAAP earnings per share of $4.58.

―We came through the first quarter well despite the weak economy and unfavorable exchange rates, and we are on
track to meet our financial objectives this year,‖ said Henri A. Termeer, Genzyme’s chairman and chief executive
officer. ―Our broad geographic and product diversification, as well as the clinical value of our products, position us
to manage through this period and continue to grow. We will see further progress and results over the coming
months from our R&D investment in late-stage programs.‖

Genzyme expects a number of catalysts to help drive growth during 2009, including the impact of revenue from two
oncology products the company is acquiring from Bayer HealthCare and additional revenue from
Campath® (alemtuzumab) as a result of that agreement; the reacceleration of Myozyme® (alglucosidase alfa) sales in
Europe; the U.S. approval of alglucosidase alfa; and the ongoing launches of Mozobil® (plerixafor injection),
Synvisc-One™ (hylan G-F 20) and Renvela® (sevelamer carbonate).

First Quarter Results

Within the Genetic Disease segment, Myozyme revenue was $67.4 million, compared with $67.3 million in the
same period last year. Revenue reflects the company’s inability to sell the
product for use by late-onset Pompe patients in the United States, and a global supply management program under
which adults with Pompe disease temporarily missed doses in order to preserve constrained supply for infants and
children.

In February, Genzyme received European Commission approval of Myozyme produced at the 4000 L scale, which
is enabling patients to resume regular infusion schedules. With the new supply in place, Genzyme has also resumed
promotion of the product in European countries. During the second half of this year, the company will begin
preparations to add a third 4000 L bioreactor to its Belgium facility to support Myozyme’s growth over the longer-
term. It is anticipated this bioreactor would be approved for commercial production in mid-2011.

In the United States, Genzyme remains on-track to submit an sBLA for the 4000 L product this quarter based on its
comparability to the approved 160 L product, and the company has a meeting scheduled with the FDA to discuss
this filing before it is submitted.

Genzyme has completed all the measures required to respond to the FDA warning letter regarding the company’s
Allston manufacturing facility, aside from one additional filling study for Aldurazyme® (laronidase). Genzyme is
now awaiting the FDA re-inspection of the plant.

Genzyme is also in regular communication with the agency regarding the complete response letter for
Lumizyme™ (alglucosidase alfa). The company has received final comments from the agency regarding the Risk
Evaluation and Mitigation Strategy for the product, the verification study, and the label. Once the FDA inspection
of the Allston facility is completed and Genzyme’s corrective actions are deemed adequate, the agency will formally
review the company’s submission addressing all the items in the complete response letter. Genzyme anticipates
approval late in the second quarter or in the third quarter.

Also in the Genetic Disease segment, Fabrazyme® (agalsidase beta) revenue was $122.2 million, up 5 percent from
revenue of $116.5 million during the first quarter of 2008.

Cerezyme® (imiglucerase for injection) revenue was $296.0 million, compared with $304.3 million in the same
period a year ago, reflecting the impact of foreign exchange. Genzyme continues to see growth in the number of
patients initiating therapy. Sales of Aldurazyme were $36.8 million, compared with $37.0 million in the first quarter
of 2008.

Within the Cardiometabolic and Renal segment, sales of Genzyme’s sevelamer therapies, Renvela and
Renagel® (sevelamer hydrochloride), were $170.6 million in the first quarter, compared with $168.7 million in the
same period last year.

This month the European Medicines Agency’s Committee for Human Medicinal Products adopted a positive
opinion for the marketing authorization of Renvela for use in patients with chronic kidney disease, including patients
not on dialysis with serum phosphorus levels > 1.78 mmol/L (5.5 mg/dL). A final decision by the European
Commission is expected at the end of next month.

Genzyme continues to work with the FDA regarding the potential expansion of Renvela’s U.S. indication to include
the treatment of hyperphosphatemic patients with chronic kidney disease who are not on dialysis, and anticipates
that a label expansion could occur by mid-2009.

Sales of Thyrogen® (thyrotropin alfa for injection) grew 15 percent to $38.8 million, compared with $33.8 million in
the first quarter of 2008, driven by increased utilization of the treatment in

                                                          2
thyroid remnant ablation procedures.

Revenue from the company’s Hematologic Oncology segment increased 50 percent in the first quarter to $35.9
million, from $23.9 million in the same period last year. This was driven by the launch of Mozobil, which is being
broadly adopted by transplant centers, and by a significant increase in U.S. sales of Clolar® (clofarabine). Mozobil
sales in the first quarter are tracking to the company’s guidance of $40 — $50 million for the year. European
approval of Mozobil is anticipated in the second half of this year.

Genzyme expects to close the transaction with Bayer this quarter, which will further expand the company’s
commercial presence in the oncology field and leverage its existing infrastructure. The transaction will add
additional revenue from Campath, and new revenue from Fludara® (fludarabine) and Leukine® (sargramostim),
treatments that complement Clolar and Mozobil.

Within the Biosurgery segment, sales of Synvisc® (hylan G-F 20) increased 13 percent to $63.2 million, from $56.1
million in last year’s first quarter. Future growth will be driven by the U.S. launch of Synvisc-One, which is
expanding the benefits of this therapeutic approach to a broader set of patients by reducing the burden and cost of
multiple injections.

Sales of Sepra® products grew 12 percent to $34.4 million compared with $30.6 million in the same period last year,
driven by increasing use of Seprafilm® adhesion barrier in larger markets such as C-section and other gynecologic
procedures.

Other segment revenue grew 8 percent to $213.4 million from $197.8 million. This segment includes the company’s
Transplant, Genetics and Diagnostics businesses. Genetics revenue increased 23 percent to $91.1 million from
$74.3 million, driven by solid growth in reproductive and oncology testing services. Within the Transplant business,
sales of Thymoglobulin® (anti-thymocyte globulin, rabbit) were $49.6 million, a 17 percent increase over $42.3
million in the same period last year.

Operating Expenses

Genzyme’s non-GAAP operating expenses (which include non-GAAP SG&A and R&D) in the first quarter were
$469.3 million, a 1 percent decrease from $475.8 million in the same period last year. This quarter’s expenses
represent the company’s strong financial discipline during the challenging economic environment and its ability to
prioritize expenditures in areas that will drive sustainable long-term growth.

Development Programs

Genzyme continues to make a significant investment in research and development, and is currently conducting
approximately 100 clinical trials. Genzyme’s pipeline includes a group of major late-stage programs with the
potential to sustain the company’s future growth, and a number of mid- and early stage programs that may provide
new treatment options for a wide range of unmet medical needs.

         Genzyme anticipates FDA action on Clolar as a first-line therapy for adult acute myeloid leukemia during
         the second half of this year. Clolar is currently approved in the United States and Europe for the treatment
         of acute lymphoblastic leukemia in relapsed or refractory pediatric patients.

                                                          3
Genzyme has completed enrollment in the first of two phase 3 trials of alemtuzumab, which has the
         potential to set a new standard of care in the treatment of multiple sclerosis. Enrollment in both studies
         accelerated following the October 2008 publication of positive phase 2 results in the New England Journal
         of Medicine, and enrollment in the second study is expected to be completed by the end of this
         year. Genzyme anticipates approval of alemtuzumab in 2012.

         Genzyme and Isis Pharmaceuticals Inc. are collaborating on mipomersen, and expect top-line data from the
         first phase 3 study of the treatment in patients with homozygous familial hypercholesterolemia this
         quarter. The companies have made significant progress on their development plan and have begun four
         studies of the product during the past year.

         In mid-2009, Genzyme plans to initiate two phase 3 studies of Genz-112638, a potential oral therapy for
         Gaucher disease. One trial will include untreated patients, and the other will be a switch trial in which
         patients who have achieved their therapeutic goals with Cerezyme will be transitioned to the new
         therapy. Positive phase 2 results were presented in February at the Lysosomal Disease Network WORLD
         meeting.

         Genzyme and Osiris Therapeutics Inc. are in a collaboration to commercialize the adult stem cell treatment
         Prochymal™. Enrollment has been completed in the two phase 3 studies of Prochymal in graft vs. host
         disease and data are expected in the second half of 2009.

         Genzyme and PTC Therapeutics Inc. are collaborating on ataluren, a novel oral therapy for the treatment of
         genetic disorders due to nonsense mutations. A pivotal phase 2b trial of ataluren in Duchenne muscular
         dystrophy is fully enrolled and results are expected in the first half of next year. A phase 3 trial in cystic
         fibrosis is expected to begin this quarter.

         Genzyme has begun a pivotal trial of an advanced phosphate binder (APB) for patients with renal
         disease. The APB is designed to more effectively bind phosphate for a substantial improvement in potency
         over existing therapies while maintaining all the benefits of sevelamer. The company anticipates that the
         APB would be approved by the time the core patent estate for sevelamer expires in 2014.


GENZYME CORPORATION (GENZ)
Consolidated Statements of Operations
(Unaudited, amounts in thousands, except per share amounts)

                                                                                            Three Months Ended
                                                                                                 March 31,
                                                                                           2009            2008

Total revenues                                                                        $   1,148,871 $     1,100,061

Operating costs and expenses:
  Cost of products and services sold                                                        295,812         272,313
  Selling, general and administrative                                                       317,961         318,386
  Research and development                                                                  206,925         262,797
  Amortization of intangibles                                                                57,598          55,658
    Total operating costs and expenses                                                      878,296         909,154
Operating income                                                                            270,575         190,907

Other income (expenses):
                                                                                                 —
  Equity in income of equity method investments                                                                  188
  Gain (loss) on investments in equity securities, net                                         (576)             775
  Other                                                                                        (979)             303
  Investment income                                                                           5,350           14,870
—
  Interest expense                                                                                           (1,655)
     Total other income (expenses)                                                           3,795           14,481
Income before income taxes                                                                 274,370          205,388
Provision for income taxes                                                                 (78,884)         (60,117)
Net income                                                                           $     195,486 $        145,271

Net income per share:
     Basic                                                                           $         0.72 $              0.54

     Diluted (1)                                                                     $         0.70 $              0.52

Weighted average shares outstanding:
    Basic                                                                                  270,854          267,276

     Diluted (1)                                                                           277,628          285,208


    All amounts herein are presented in accordance with GAAP and are provided for quantitative analysis only and
    should be read in conjunction with the text of the Earnings Release. In addition, we believe that certain Non-
    GAAP financial measures, when considered together with the GAAP figures, can enhance the overall
    understanding of the company’s past financial performance and its prospects for the future. Please refer to our
    GAAP to Non-GAAP Reconciliations attached to the Earnings Releases for the above respective periods, which
    are filed as 8-K’s with the Securities and Exchange Commission at www.sec.gov. The Non-GAAP financial
    measures are provided with the intent of providing investors with a more complete understanding of the trends
    underlying our operating results and financial position and are among the primary indicators management uses
    for planning and forecasting purposes and measuring the company’s performance.

    Please refer to our Form 10-Q’s and Form 10-K’s for an in-depth discussion and analysis of our results of
    operations and financial position and for detailed information regarding specific material transactions in a
    particular period.

(1) Prior to January 1, 2009, in accordance with EITF 04-8, the shares issuable upon conversion of our $690.0
    million in principal of 1.25% convertible senior notes were included in diluted weighted average shares
    outstanding for purposes of computing diluted earnings per share, unless the effect was anti-
    dilutive. Accordingly, for the three months ended March 31, 2008, interest and debt fees related to these notes
    of $1.9 million, net of tax, have been added back to net income and approximately 9.7 million shares issuable
    upon conversion of these notes, prior to redemption, have been included in diluted weighted average shares
    outstanding. There are no similar adjustments to the computation of diluted earnings per share for the three
    months ended March 31, 2009 because the notes were redeemed, primarily for cash, on December 1, 2008.
GENZYME CORPORATION (GENZ)
Condensed Consolidated Balance Sheets
(Unaudited, amounts in thousands)

                                                   March 31,   December 31,
                                                     2009          2008

Cash and all marketable securities             $      981,770 $     973,691
Other current assets                                1,832,611     1,886,522
Property, plant and equipment, net                  2,354,299     2,306,567
Intangibles, net                                    2,998,550     3,055,772
Other noncurrent assets                               452,676       448,724
   Total assets                                $    8,619,906 $   8,671,276

Current liabilities                            $      835,322 $     914,283
Noncurrent liabilities                                444,343       451,000
Stockholders’ equity                                7,340,241     7,305,993
  Total liabilities and stockholders’ equity   $    8,619,906 $   8,671,276
Genzyme Corporation (GENZ)
Analyst Schedule
(Unaudited, amounts in thousands, except percentage amounts)

                                                                           Q1-09
                                                                            vs.
                                                                           Q1-08
                                                                           % B/(                        YTD 03/31/
                         Q1-08     Q2-08     Q3-08    Q4-08     Q1-09       W)      FY 2007   FY 2008      09

Total revenues:
  Genetic Diseases
    Cerezyme                                                                    ) 1,133,15 1,238,97
                       $ 304,303 $ 319,360 $ 309,280 $ 306,034 $ 295,970      (3% $      3$       7$      295,970
    Fabrazyme            116,475 126,608 125,619 125,558 122,201               5% 424,284 494,260         122,201
    Myozyme               67,324 77,222 76,663 74,967 67,392                   0% 200,728 296,176          67,392
                                                                                        — 151,664
    Aldurazyme            37,015 38,834 38,236 37,579 36,837                                               36,837
    Other Genetic
      Diseases             9,772   10,437    11,367    14,039    14,650       50%     8,314    45,615      14,650
      Total Genetic
         Diseases
         product and
         service                                                                  1,766,47 2,226,69
         revenue        534,889 572,461 561,165 558,177 537,050                0%        9        2       537,050
                             —       —       —       —       —                                   —             —
      R&D Revenue                                                                    1,059
  Total Genetic                                                                   1,767,53 2,226,69
                                                                               0%
    Diseases            534,889 572,461 561,165 558,177 537,050                          8        2       537,050

  Cardiometabolic
    and Renal
    Renagel and
       Renvela
       (including
       Sevelamer)     168,694 168,567 170,992         169,476 170,599          1%   602,670   677,729     170,599
    Hectorol           29,076 30,852 33,825            34,400 33,030          14%   115,708   128,153      33,030
          Subtotal    197,770 199,419 204,817         203,876 203,629          3%   718,378   805,882     203,629
    Thyrogen           33,785 39,448 38,153            37,062 38,826          15%   113,587   148,448      38,826
    Other
       Cardiometabol
       ic and Renal       251     333     573             496       494       97%       103     1,653         494
       Total
          Cardiometa
          bolic and
          Renal
          product and
          service
          revenue     231,806 239,200 243,543         241,434 242,949          5% 832,068 955,983         242,949
       R&D revenue                                                              )
                           32      85      56              27        13      (59%   1,200     200              13
  Total
    Cardiometaboli
                                                                               5% 833,268 956,183
    c and Renal       231,838 239,285 243,599         241,461 242,962                                     242,962

  Biosurgery
    Synvisc              56,142    70,927    67,513    68,512    63,171       13% 242,319 263,094          63,171
Sepra products       30,604    34,780     33,001     35,278    34,304      12% 104,318 133,663           34,304
     Other                                                                        )
       Biosurgery         24,313    24,690     21,787     20,908    21,485     (12% 74,673 91,698             21,485
       Total
         Biosurgery
         product and
         service
         revenue        111,059 130,397 122,301 124,698 118,960                   7% 421,310 488,455         118,960
       R&D revenue                                                                 )
                            603     818     661     563     562                  (7%   5,337   2,645             562
                                                                                  7% 426,647 491,100
  Total Biosurgery      111,662 131,215 122,962 125,261 119,522                                              119,522

  Hematologic
    Oncology
      Total
         Hematologi
         c Oncology
         product and
         service
         revenue          22,691    26,443     26,328     27,437    34,423      52%     69,927 102,899        34,423
      R&D revenue          1,189     1,903      2,292      9,055     1,484      25%      7,006 14,439          1,484
  Total Hematologic
                                                                                50%
    Oncology              23,880    28,346     28,620     36,492    35,907              76,933 117,338        35,907

  Other
    Genetic/Diagnos
      tics product
      and service
      revenue           114,748 116,863 121,163 124,840 129,194                 13% 410,917 477,614          129,194
    Transplant
      product and
      service
      revenue             45,930    47,763     47,784     50,723    52,666      15% 174,826 192,200           52,666
    Other product
      and service                                                                 )
      revenue             31,009    29,296     28,598     30,252    23,501     (24% 108,577 119,155           23,501
      Total Other
         product and
         service
         revenue        191,687 193,922 197,545 205,815 205,361                  7% 694,320 788,969          205,361
      R&D revenue         6,105   5,905   6,393   6,354   8,069                 32% 14,813 24,757              8,069
                                                                                 8% 709,133 813,726
  Total Other           197,792 199,827 203,938 212,169 213,430                                              213,430

Total revenues          1,100,06 1,171,13 1,160,28 1,173,56 1,148,87                 3,813,51 4,605,03 1,148,87
                                                                                 4% $
                       $       1$       4$       4$       0$       1                        9$       9$       1

All amounts herein are presented in accordance with GAAP and are provided for quantitative analysis only and
should be read in conjunction with the text of the Earnings Release and our audited financial statements filed with
the Securities and Exchange Commission. Please refer to our Form 10-Q’s and Form 10-K’s for an in-depth
discussion and analysis of our results of operations and financial position and for detailed information regarding
specific material transactions in a particular period.
GENZYME CORPORATION
            RECONCILIATION OF GAAP TO NON-GAAP EARNINGS AND CASH GENERATED
                           For the Three Months Ended March 31, 2009
                     (Amounts in thousands, except percentage and per share data)

                                                      (1)           (2)
                                                   Inventory    Technology                  FAS 123R        GAAP
                                  NON-GAAP         Write-offs    Purchase    Amortization    Expense     As Reported

Income Statement
  Classification:

Total revenues                      $ 1,148,871                                                            $1,148,871

Cost of products and services
  sold                              $ (279,424) $     (9,154)                               $ (7,234)     $ (295,812)
     Gross margin               76% $ 869,447 $       (9,154)                               $ (7,234) 74% $ 853,059

Selling, general and
  administrative                    $ (294,125)                                             $ (23,836)     $ (317,961)

Research and development            $ (175,209)                 $ (18,180)                  $ (13,536)     $ (206,925)

                                             —
Amortization of intangibles         $                                        $   (57,598)                  $ (57,598)

Gains (losses) on investments
  in equity securities, net         $      (576)                                                           $      (576)

Other                               $      (979)                                                           $      (979)

Investment income                   $     5,350                                                            $     5,350

Summary:

Income (loss) before income
  taxes                             $ 403,908 $       (9,154) $ (18,180) $       (57,598) $ (44,606)       $ 274,370

(Provision for) benefit from
  income taxes                  29% $ (115,831) $      1,923 $      6,544 $      15,891 $ 12,589 29% $ (78,884)

Net income (loss)                   $ 288,077 $       (7,231) $ (11,636) $       (41,707) $ (32,017)       $ 195,486

Net income (loss) per share:
  Basic                             $      1.06 $       (0.03) $     (0.04) $      (0.15) $     (0.12)     $      0.72

  Diluted                           $      1.04 $       (0.03) $     (0.04) $      (0.15) $     (0.12)     $      0.70

Weighted average shares
 outstanding:
 Basic                                  270,854                                                                270,854

  Diluted                               277,628                                                                277,628

Non-GAAP Net Income                  $ 288,077
Depreciation, net of tax                   26,304

Proceeds from the issuance of
  common stock                             34,526

Non-GAAP Cash Generated               $ 348,907


Notes:

The amounts above represent the Non-GAAP operations and financial position of Genzyme Corporation for the
three months ended March 31, 2009. We believe that certain Non-GAAP financial measures, when considered
together with the GAAP figures, can enhance the overall understanding of the company’s past financial performance
and its prospects for the future. The Non-GAAP financial measures are included with the intent of providing
investors with a more complete understanding of the trends underlying our operating results and financial position
and are among the primary indicators management uses for planning and forecasting purposes and measuring the
company’s performance. Such Non-GAAP financial measures should not be considered in isolation or used as a
substitute for GAAP.

(1) Represents the write-off of inventory associated with incomplete production runs at our Belgium facility.

(2) Represents the expensed purchase price associated with the acquisition of certain incomplete intellectual
property and technology from EXACT Sciences Corporation.


About Genzyme

One of the world’s leading biotechnology companies, Genzyme is dedicated to making a major positive impact on
the lives of people with serious diseases. Since 1981, the company has grown from a small start-up to a diversified
enterprise with more than 11,000 employees in locations spanning the globe and 2008 revenues of $4.6 billion. In
2007, Genzyme was chosen to receive the National Medal of Technology, the highest honor awarded by the
President of the United States for technological innovation.

With many established products and services helping patients in approximately 100 countries, Genzyme is a leader
in the effort to develop and apply the most advanced technologies in the life sciences. The company’s products and
services are focused on rare inherited disorders, kidney disease, orthopaedics, cancer, transplant and immune
disease, and diagnostic testing.

                                                          4
Genzyme’s commitment to innovation continues today with a substantial development program focused on these
fields, as well as cardiovascular disease, neurodegenerative diseases, and other areas of unmet medical need.

This press release contains forward-looking statements regarding Genzyme’s financial outlook and business plans
and strategies, including without limitation: its projected 2009 revenues for the company, as well as the anticipated
drivers of 2009 revenue growth; its YE 2009 EPS guidance; the expected timing of receipt of FDA approval for
alglucosidase alfa produced at the 2000L scale; its plans to seek US approval of the product produced using the
4000L scale process; its plans to expand Myozyme manufacturing capacity at its Belgium facility and the timing
thereof; its expectations regarding regulatory action on its marketing applications for other existing products,
including Renvela in Europe, Renvela in the US for use in CKD patients not on dialysis, Mozobil in Europe, Clolar
in the US for use in adult patients with AML, and alemtuzumab for MS; its plans and estimated timetables for new
and next-generation product clinical trials, filings or approvals, including for mipomersen, Genz-112638,
Prochymal, ataluren, and APB; and the expected timing to close the transaction with Bayer. These statements are
subject to risks and uncertainties that could cause actual results to differ materially from those forecasted. These
risks and uncertainties include, among others: the ability of Genzyme and its collaboration partners to successfully
complete preclinical and clinical development of new products, including mipomersen, Prochymal, Genz-112638,
and ataluren; Genzyme’s ability to expand the use of current and next-generation products in existing and new
indications, including Renvela, Synvisc-ONE, Mozobil, Clolar, alemtuzumab-MS and the APB; Genzyme’s ability
to obtain and maintain regulatory approvals for products and manufacturing facilities, including alglucosidase alfa
produced at the 2000L and 4000L scales, and the timing of receipt of such approvals; Genzyme’s ability to
manufacture products and product candidates in a timely and cost effective manner and in sufficient quantities to
meet demand; the outcome of the FDA’s re-inspection of Genzyme’s Allston facility; that the transaction with Bayer
does not close within the timeframe expected by the company; Genzyme’s ability to successfully integrate the
products and development program acquired from Bayer; Genzyme’s ability to maintain and enforce intellectual
property rights; Genzyme’s ability to successfully identify and market to new patients; the availability and extent of
reimbursement from third party payers; and the risks and uncertainties described in Genzyme’s SEC reports filed
under the Securities Exchange Act of 1934, including the factors discussed under the caption ―Risk Factors‖ in
Genzyme’s Annual Report on Form 10-K for the period ended December 31, 2008. Genzyme cautions investors not
to place substantial reliance on the forward-looking statements contained in this press release. These statements
speak only as of today’s date and Genzyme undertakes no obligation to update or revise the statements.

Genzyme®, Myozyme®, Fabrazyme®, Cerezyme®, Renagel®, Renvela®, Thyrogen®, Mozobil®, Campath®, Synvisc®,
Sepra®, Seprafilm®, Thymoglobulin®, and Clolar® are registered trademarks and Synvisc-One™ and Lumizyme™
are trademarks of Genzyme Corporation or its subsidiaries. Fludara® and Leukine® are registered trademarks of
Bayer Schering Pharma AG. Prochymal™ is a trademark of Osiris Therapeutics Inc. All rights reserved.

Genzyme’s press releases and other company information are available at www.genzyme.com and by calling
Genzyme’s investor information line at 1-800-905-4369 within the United States or 1-678-999-4572 outside the
United States.

                                                          5
Conference Call Information

Genzyme will host a conference call today at 11:00 a.m. Eastern. To participate in the call, please dial 773-799-
3828 and refer to pass code ―Genzyme.‖ A replay of this call will be available by dialing 402-998-1342. This call
will also be Webcast live on the investor events section of www.genzyme.com. Replays of the call and the Webcast
will be available until midnight on April 29, 2009.

Upcoming Events

Genzyme will host a conference call on July 22 at 11:00 a.m. Eastern to discuss financial results for the second
quarter of 2009. To participate in the call, please dial 773-799-3828 and refer to pass code ―Genzyme.‖ A replay of
this call will be available by dialing 203-369-1321. This call will also be Webcast live on the investor events section
of www.genzyme.com. Replays of the call and the Webcast will be available until midnight on July 29, 2009.

                                                      #   #    #

                                                          6
Q1 2009 Earning Report of Genzyme Corp.

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Q1 2009 Earning Report of Genzyme Corp.

  • 1. Genzyme Reports Solid Financial Results for the First Quarter of 2009 Reiterates Outlook for the Year CAMBRIDGE, Mass. – Genzyme Corp. (NASDAQ: GENZ) today reported that first-quarter revenue rose to $1.15 billion, compared with $1.10 billion in the same period a year ago, an increase of 4 percent. Including the $66 million impact of unfavorable currency exchange rates, revenue grew 10 percent in the first quarter. GAAP net income rose 35 percent to $195.5 million, or $0.70 per diluted share, compared with $145.3 million, or $0.52 per diluted share, in the first quarter of 2008. Non-GAAP net income grew 10 percent to $288.1 million, or $1.04 per diluted share, compared with $260.9 million, or $0.95 per diluted share, in the same period last year. Genzyme generated approximately $350 million in cash predominantly from operations during the first quarter. The company used $162 million for continued investments in manufacturing infrastructure, $107 million to repurchase 2 million shares as part of a stock buyback program, and $23 million to acquire intellectual property and common stock from Exact Sciences Corp. Based on the expected growth rates of the company’s businesses and the anticipated impact of several key growth drivers, Genzyme reaffirmed its revenue and earnings guidance for 2009. The company expects 2009 revenue of $5.15 — $5.35 billion and non-GAAP earnings per share of $4.58. ―We came through the first quarter well despite the weak economy and unfavorable exchange rates, and we are on track to meet our financial objectives this year,‖ said Henri A. Termeer, Genzyme’s chairman and chief executive officer. ―Our broad geographic and product diversification, as well as the clinical value of our products, position us to manage through this period and continue to grow. We will see further progress and results over the coming months from our R&D investment in late-stage programs.‖ Genzyme expects a number of catalysts to help drive growth during 2009, including the impact of revenue from two oncology products the company is acquiring from Bayer HealthCare and additional revenue from Campath® (alemtuzumab) as a result of that agreement; the reacceleration of Myozyme® (alglucosidase alfa) sales in Europe; the U.S. approval of alglucosidase alfa; and the ongoing launches of Mozobil® (plerixafor injection), Synvisc-One™ (hylan G-F 20) and Renvela® (sevelamer carbonate). First Quarter Results Within the Genetic Disease segment, Myozyme revenue was $67.4 million, compared with $67.3 million in the same period last year. Revenue reflects the company’s inability to sell the
  • 2. product for use by late-onset Pompe patients in the United States, and a global supply management program under which adults with Pompe disease temporarily missed doses in order to preserve constrained supply for infants and children. In February, Genzyme received European Commission approval of Myozyme produced at the 4000 L scale, which is enabling patients to resume regular infusion schedules. With the new supply in place, Genzyme has also resumed promotion of the product in European countries. During the second half of this year, the company will begin preparations to add a third 4000 L bioreactor to its Belgium facility to support Myozyme’s growth over the longer- term. It is anticipated this bioreactor would be approved for commercial production in mid-2011. In the United States, Genzyme remains on-track to submit an sBLA for the 4000 L product this quarter based on its comparability to the approved 160 L product, and the company has a meeting scheduled with the FDA to discuss this filing before it is submitted. Genzyme has completed all the measures required to respond to the FDA warning letter regarding the company’s Allston manufacturing facility, aside from one additional filling study for Aldurazyme® (laronidase). Genzyme is now awaiting the FDA re-inspection of the plant. Genzyme is also in regular communication with the agency regarding the complete response letter for Lumizyme™ (alglucosidase alfa). The company has received final comments from the agency regarding the Risk Evaluation and Mitigation Strategy for the product, the verification study, and the label. Once the FDA inspection of the Allston facility is completed and Genzyme’s corrective actions are deemed adequate, the agency will formally review the company’s submission addressing all the items in the complete response letter. Genzyme anticipates approval late in the second quarter or in the third quarter. Also in the Genetic Disease segment, Fabrazyme® (agalsidase beta) revenue was $122.2 million, up 5 percent from revenue of $116.5 million during the first quarter of 2008. Cerezyme® (imiglucerase for injection) revenue was $296.0 million, compared with $304.3 million in the same period a year ago, reflecting the impact of foreign exchange. Genzyme continues to see growth in the number of patients initiating therapy. Sales of Aldurazyme were $36.8 million, compared with $37.0 million in the first quarter of 2008. Within the Cardiometabolic and Renal segment, sales of Genzyme’s sevelamer therapies, Renvela and Renagel® (sevelamer hydrochloride), were $170.6 million in the first quarter, compared with $168.7 million in the same period last year. This month the European Medicines Agency’s Committee for Human Medicinal Products adopted a positive opinion for the marketing authorization of Renvela for use in patients with chronic kidney disease, including patients not on dialysis with serum phosphorus levels > 1.78 mmol/L (5.5 mg/dL). A final decision by the European Commission is expected at the end of next month. Genzyme continues to work with the FDA regarding the potential expansion of Renvela’s U.S. indication to include the treatment of hyperphosphatemic patients with chronic kidney disease who are not on dialysis, and anticipates that a label expansion could occur by mid-2009. Sales of Thyrogen® (thyrotropin alfa for injection) grew 15 percent to $38.8 million, compared with $33.8 million in the first quarter of 2008, driven by increased utilization of the treatment in 2
  • 3. thyroid remnant ablation procedures. Revenue from the company’s Hematologic Oncology segment increased 50 percent in the first quarter to $35.9 million, from $23.9 million in the same period last year. This was driven by the launch of Mozobil, which is being broadly adopted by transplant centers, and by a significant increase in U.S. sales of Clolar® (clofarabine). Mozobil sales in the first quarter are tracking to the company’s guidance of $40 — $50 million for the year. European approval of Mozobil is anticipated in the second half of this year. Genzyme expects to close the transaction with Bayer this quarter, which will further expand the company’s commercial presence in the oncology field and leverage its existing infrastructure. The transaction will add additional revenue from Campath, and new revenue from Fludara® (fludarabine) and Leukine® (sargramostim), treatments that complement Clolar and Mozobil. Within the Biosurgery segment, sales of Synvisc® (hylan G-F 20) increased 13 percent to $63.2 million, from $56.1 million in last year’s first quarter. Future growth will be driven by the U.S. launch of Synvisc-One, which is expanding the benefits of this therapeutic approach to a broader set of patients by reducing the burden and cost of multiple injections. Sales of Sepra® products grew 12 percent to $34.4 million compared with $30.6 million in the same period last year, driven by increasing use of Seprafilm® adhesion barrier in larger markets such as C-section and other gynecologic procedures. Other segment revenue grew 8 percent to $213.4 million from $197.8 million. This segment includes the company’s Transplant, Genetics and Diagnostics businesses. Genetics revenue increased 23 percent to $91.1 million from $74.3 million, driven by solid growth in reproductive and oncology testing services. Within the Transplant business, sales of Thymoglobulin® (anti-thymocyte globulin, rabbit) were $49.6 million, a 17 percent increase over $42.3 million in the same period last year. Operating Expenses Genzyme’s non-GAAP operating expenses (which include non-GAAP SG&A and R&D) in the first quarter were $469.3 million, a 1 percent decrease from $475.8 million in the same period last year. This quarter’s expenses represent the company’s strong financial discipline during the challenging economic environment and its ability to prioritize expenditures in areas that will drive sustainable long-term growth. Development Programs Genzyme continues to make a significant investment in research and development, and is currently conducting approximately 100 clinical trials. Genzyme’s pipeline includes a group of major late-stage programs with the potential to sustain the company’s future growth, and a number of mid- and early stage programs that may provide new treatment options for a wide range of unmet medical needs. Genzyme anticipates FDA action on Clolar as a first-line therapy for adult acute myeloid leukemia during the second half of this year. Clolar is currently approved in the United States and Europe for the treatment of acute lymphoblastic leukemia in relapsed or refractory pediatric patients. 3
  • 4. Genzyme has completed enrollment in the first of two phase 3 trials of alemtuzumab, which has the potential to set a new standard of care in the treatment of multiple sclerosis. Enrollment in both studies accelerated following the October 2008 publication of positive phase 2 results in the New England Journal of Medicine, and enrollment in the second study is expected to be completed by the end of this year. Genzyme anticipates approval of alemtuzumab in 2012. Genzyme and Isis Pharmaceuticals Inc. are collaborating on mipomersen, and expect top-line data from the first phase 3 study of the treatment in patients with homozygous familial hypercholesterolemia this quarter. The companies have made significant progress on their development plan and have begun four studies of the product during the past year. In mid-2009, Genzyme plans to initiate two phase 3 studies of Genz-112638, a potential oral therapy for Gaucher disease. One trial will include untreated patients, and the other will be a switch trial in which patients who have achieved their therapeutic goals with Cerezyme will be transitioned to the new therapy. Positive phase 2 results were presented in February at the Lysosomal Disease Network WORLD meeting. Genzyme and Osiris Therapeutics Inc. are in a collaboration to commercialize the adult stem cell treatment Prochymal™. Enrollment has been completed in the two phase 3 studies of Prochymal in graft vs. host disease and data are expected in the second half of 2009. Genzyme and PTC Therapeutics Inc. are collaborating on ataluren, a novel oral therapy for the treatment of genetic disorders due to nonsense mutations. A pivotal phase 2b trial of ataluren in Duchenne muscular dystrophy is fully enrolled and results are expected in the first half of next year. A phase 3 trial in cystic fibrosis is expected to begin this quarter. Genzyme has begun a pivotal trial of an advanced phosphate binder (APB) for patients with renal disease. The APB is designed to more effectively bind phosphate for a substantial improvement in potency over existing therapies while maintaining all the benefits of sevelamer. The company anticipates that the APB would be approved by the time the core patent estate for sevelamer expires in 2014. GENZYME CORPORATION (GENZ) Consolidated Statements of Operations (Unaudited, amounts in thousands, except per share amounts) Three Months Ended March 31, 2009 2008 Total revenues $ 1,148,871 $ 1,100,061 Operating costs and expenses: Cost of products and services sold 295,812 272,313 Selling, general and administrative 317,961 318,386 Research and development 206,925 262,797 Amortization of intangibles 57,598 55,658 Total operating costs and expenses 878,296 909,154 Operating income 270,575 190,907 Other income (expenses): — Equity in income of equity method investments 188 Gain (loss) on investments in equity securities, net (576) 775 Other (979) 303 Investment income 5,350 14,870
  • 5. — Interest expense (1,655) Total other income (expenses) 3,795 14,481 Income before income taxes 274,370 205,388 Provision for income taxes (78,884) (60,117) Net income $ 195,486 $ 145,271 Net income per share: Basic $ 0.72 $ 0.54 Diluted (1) $ 0.70 $ 0.52 Weighted average shares outstanding: Basic 270,854 267,276 Diluted (1) 277,628 285,208 All amounts herein are presented in accordance with GAAP and are provided for quantitative analysis only and should be read in conjunction with the text of the Earnings Release. In addition, we believe that certain Non- GAAP financial measures, when considered together with the GAAP figures, can enhance the overall understanding of the company’s past financial performance and its prospects for the future. Please refer to our GAAP to Non-GAAP Reconciliations attached to the Earnings Releases for the above respective periods, which are filed as 8-K’s with the Securities and Exchange Commission at www.sec.gov. The Non-GAAP financial measures are provided with the intent of providing investors with a more complete understanding of the trends underlying our operating results and financial position and are among the primary indicators management uses for planning and forecasting purposes and measuring the company’s performance. Please refer to our Form 10-Q’s and Form 10-K’s for an in-depth discussion and analysis of our results of operations and financial position and for detailed information regarding specific material transactions in a particular period. (1) Prior to January 1, 2009, in accordance with EITF 04-8, the shares issuable upon conversion of our $690.0 million in principal of 1.25% convertible senior notes were included in diluted weighted average shares outstanding for purposes of computing diluted earnings per share, unless the effect was anti- dilutive. Accordingly, for the three months ended March 31, 2008, interest and debt fees related to these notes of $1.9 million, net of tax, have been added back to net income and approximately 9.7 million shares issuable upon conversion of these notes, prior to redemption, have been included in diluted weighted average shares outstanding. There are no similar adjustments to the computation of diluted earnings per share for the three months ended March 31, 2009 because the notes were redeemed, primarily for cash, on December 1, 2008.
  • 6. GENZYME CORPORATION (GENZ) Condensed Consolidated Balance Sheets (Unaudited, amounts in thousands) March 31, December 31, 2009 2008 Cash and all marketable securities $ 981,770 $ 973,691 Other current assets 1,832,611 1,886,522 Property, plant and equipment, net 2,354,299 2,306,567 Intangibles, net 2,998,550 3,055,772 Other noncurrent assets 452,676 448,724 Total assets $ 8,619,906 $ 8,671,276 Current liabilities $ 835,322 $ 914,283 Noncurrent liabilities 444,343 451,000 Stockholders’ equity 7,340,241 7,305,993 Total liabilities and stockholders’ equity $ 8,619,906 $ 8,671,276
  • 7. Genzyme Corporation (GENZ) Analyst Schedule (Unaudited, amounts in thousands, except percentage amounts) Q1-09 vs. Q1-08 % B/( YTD 03/31/ Q1-08 Q2-08 Q3-08 Q4-08 Q1-09 W) FY 2007 FY 2008 09 Total revenues: Genetic Diseases Cerezyme ) 1,133,15 1,238,97 $ 304,303 $ 319,360 $ 309,280 $ 306,034 $ 295,970 (3% $ 3$ 7$ 295,970 Fabrazyme 116,475 126,608 125,619 125,558 122,201 5% 424,284 494,260 122,201 Myozyme 67,324 77,222 76,663 74,967 67,392 0% 200,728 296,176 67,392 — 151,664 Aldurazyme 37,015 38,834 38,236 37,579 36,837 36,837 Other Genetic Diseases 9,772 10,437 11,367 14,039 14,650 50% 8,314 45,615 14,650 Total Genetic Diseases product and service 1,766,47 2,226,69 revenue 534,889 572,461 561,165 558,177 537,050 0% 9 2 537,050 — — — — — — — R&D Revenue 1,059 Total Genetic 1,767,53 2,226,69 0% Diseases 534,889 572,461 561,165 558,177 537,050 8 2 537,050 Cardiometabolic and Renal Renagel and Renvela (including Sevelamer) 168,694 168,567 170,992 169,476 170,599 1% 602,670 677,729 170,599 Hectorol 29,076 30,852 33,825 34,400 33,030 14% 115,708 128,153 33,030 Subtotal 197,770 199,419 204,817 203,876 203,629 3% 718,378 805,882 203,629 Thyrogen 33,785 39,448 38,153 37,062 38,826 15% 113,587 148,448 38,826 Other Cardiometabol ic and Renal 251 333 573 496 494 97% 103 1,653 494 Total Cardiometa bolic and Renal product and service revenue 231,806 239,200 243,543 241,434 242,949 5% 832,068 955,983 242,949 R&D revenue ) 32 85 56 27 13 (59% 1,200 200 13 Total Cardiometaboli 5% 833,268 956,183 c and Renal 231,838 239,285 243,599 241,461 242,962 242,962 Biosurgery Synvisc 56,142 70,927 67,513 68,512 63,171 13% 242,319 263,094 63,171
  • 8. Sepra products 30,604 34,780 33,001 35,278 34,304 12% 104,318 133,663 34,304 Other ) Biosurgery 24,313 24,690 21,787 20,908 21,485 (12% 74,673 91,698 21,485 Total Biosurgery product and service revenue 111,059 130,397 122,301 124,698 118,960 7% 421,310 488,455 118,960 R&D revenue ) 603 818 661 563 562 (7% 5,337 2,645 562 7% 426,647 491,100 Total Biosurgery 111,662 131,215 122,962 125,261 119,522 119,522 Hematologic Oncology Total Hematologi c Oncology product and service revenue 22,691 26,443 26,328 27,437 34,423 52% 69,927 102,899 34,423 R&D revenue 1,189 1,903 2,292 9,055 1,484 25% 7,006 14,439 1,484 Total Hematologic 50% Oncology 23,880 28,346 28,620 36,492 35,907 76,933 117,338 35,907 Other Genetic/Diagnos tics product and service revenue 114,748 116,863 121,163 124,840 129,194 13% 410,917 477,614 129,194 Transplant product and service revenue 45,930 47,763 47,784 50,723 52,666 15% 174,826 192,200 52,666 Other product and service ) revenue 31,009 29,296 28,598 30,252 23,501 (24% 108,577 119,155 23,501 Total Other product and service revenue 191,687 193,922 197,545 205,815 205,361 7% 694,320 788,969 205,361 R&D revenue 6,105 5,905 6,393 6,354 8,069 32% 14,813 24,757 8,069 8% 709,133 813,726 Total Other 197,792 199,827 203,938 212,169 213,430 213,430 Total revenues 1,100,06 1,171,13 1,160,28 1,173,56 1,148,87 3,813,51 4,605,03 1,148,87 4% $ $ 1$ 4$ 4$ 0$ 1 9$ 9$ 1 All amounts herein are presented in accordance with GAAP and are provided for quantitative analysis only and should be read in conjunction with the text of the Earnings Release and our audited financial statements filed with the Securities and Exchange Commission. Please refer to our Form 10-Q’s and Form 10-K’s for an in-depth discussion and analysis of our results of operations and financial position and for detailed information regarding specific material transactions in a particular period.
  • 9. GENZYME CORPORATION RECONCILIATION OF GAAP TO NON-GAAP EARNINGS AND CASH GENERATED For the Three Months Ended March 31, 2009 (Amounts in thousands, except percentage and per share data) (1) (2) Inventory Technology FAS 123R GAAP NON-GAAP Write-offs Purchase Amortization Expense As Reported Income Statement Classification: Total revenues $ 1,148,871 $1,148,871 Cost of products and services sold $ (279,424) $ (9,154) $ (7,234) $ (295,812) Gross margin 76% $ 869,447 $ (9,154) $ (7,234) 74% $ 853,059 Selling, general and administrative $ (294,125) $ (23,836) $ (317,961) Research and development $ (175,209) $ (18,180) $ (13,536) $ (206,925) — Amortization of intangibles $ $ (57,598) $ (57,598) Gains (losses) on investments in equity securities, net $ (576) $ (576) Other $ (979) $ (979) Investment income $ 5,350 $ 5,350 Summary: Income (loss) before income taxes $ 403,908 $ (9,154) $ (18,180) $ (57,598) $ (44,606) $ 274,370 (Provision for) benefit from income taxes 29% $ (115,831) $ 1,923 $ 6,544 $ 15,891 $ 12,589 29% $ (78,884) Net income (loss) $ 288,077 $ (7,231) $ (11,636) $ (41,707) $ (32,017) $ 195,486 Net income (loss) per share: Basic $ 1.06 $ (0.03) $ (0.04) $ (0.15) $ (0.12) $ 0.72 Diluted $ 1.04 $ (0.03) $ (0.04) $ (0.15) $ (0.12) $ 0.70 Weighted average shares outstanding: Basic 270,854 270,854 Diluted 277,628 277,628 Non-GAAP Net Income $ 288,077
  • 10. Depreciation, net of tax 26,304 Proceeds from the issuance of common stock 34,526 Non-GAAP Cash Generated $ 348,907 Notes: The amounts above represent the Non-GAAP operations and financial position of Genzyme Corporation for the three months ended March 31, 2009. We believe that certain Non-GAAP financial measures, when considered together with the GAAP figures, can enhance the overall understanding of the company’s past financial performance and its prospects for the future. The Non-GAAP financial measures are included with the intent of providing investors with a more complete understanding of the trends underlying our operating results and financial position and are among the primary indicators management uses for planning and forecasting purposes and measuring the company’s performance. Such Non-GAAP financial measures should not be considered in isolation or used as a substitute for GAAP. (1) Represents the write-off of inventory associated with incomplete production runs at our Belgium facility. (2) Represents the expensed purchase price associated with the acquisition of certain incomplete intellectual property and technology from EXACT Sciences Corporation. About Genzyme One of the world’s leading biotechnology companies, Genzyme is dedicated to making a major positive impact on the lives of people with serious diseases. Since 1981, the company has grown from a small start-up to a diversified enterprise with more than 11,000 employees in locations spanning the globe and 2008 revenues of $4.6 billion. In 2007, Genzyme was chosen to receive the National Medal of Technology, the highest honor awarded by the President of the United States for technological innovation. With many established products and services helping patients in approximately 100 countries, Genzyme is a leader in the effort to develop and apply the most advanced technologies in the life sciences. The company’s products and services are focused on rare inherited disorders, kidney disease, orthopaedics, cancer, transplant and immune disease, and diagnostic testing. 4
  • 11. Genzyme’s commitment to innovation continues today with a substantial development program focused on these fields, as well as cardiovascular disease, neurodegenerative diseases, and other areas of unmet medical need. This press release contains forward-looking statements regarding Genzyme’s financial outlook and business plans and strategies, including without limitation: its projected 2009 revenues for the company, as well as the anticipated drivers of 2009 revenue growth; its YE 2009 EPS guidance; the expected timing of receipt of FDA approval for alglucosidase alfa produced at the 2000L scale; its plans to seek US approval of the product produced using the 4000L scale process; its plans to expand Myozyme manufacturing capacity at its Belgium facility and the timing thereof; its expectations regarding regulatory action on its marketing applications for other existing products, including Renvela in Europe, Renvela in the US for use in CKD patients not on dialysis, Mozobil in Europe, Clolar in the US for use in adult patients with AML, and alemtuzumab for MS; its plans and estimated timetables for new and next-generation product clinical trials, filings or approvals, including for mipomersen, Genz-112638, Prochymal, ataluren, and APB; and the expected timing to close the transaction with Bayer. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those forecasted. These risks and uncertainties include, among others: the ability of Genzyme and its collaboration partners to successfully complete preclinical and clinical development of new products, including mipomersen, Prochymal, Genz-112638, and ataluren; Genzyme’s ability to expand the use of current and next-generation products in existing and new indications, including Renvela, Synvisc-ONE, Mozobil, Clolar, alemtuzumab-MS and the APB; Genzyme’s ability to obtain and maintain regulatory approvals for products and manufacturing facilities, including alglucosidase alfa produced at the 2000L and 4000L scales, and the timing of receipt of such approvals; Genzyme’s ability to manufacture products and product candidates in a timely and cost effective manner and in sufficient quantities to meet demand; the outcome of the FDA’s re-inspection of Genzyme’s Allston facility; that the transaction with Bayer does not close within the timeframe expected by the company; Genzyme’s ability to successfully integrate the products and development program acquired from Bayer; Genzyme’s ability to maintain and enforce intellectual property rights; Genzyme’s ability to successfully identify and market to new patients; the availability and extent of reimbursement from third party payers; and the risks and uncertainties described in Genzyme’s SEC reports filed under the Securities Exchange Act of 1934, including the factors discussed under the caption ―Risk Factors‖ in Genzyme’s Annual Report on Form 10-K for the period ended December 31, 2008. Genzyme cautions investors not to place substantial reliance on the forward-looking statements contained in this press release. These statements speak only as of today’s date and Genzyme undertakes no obligation to update or revise the statements. Genzyme®, Myozyme®, Fabrazyme®, Cerezyme®, Renagel®, Renvela®, Thyrogen®, Mozobil®, Campath®, Synvisc®, Sepra®, Seprafilm®, Thymoglobulin®, and Clolar® are registered trademarks and Synvisc-One™ and Lumizyme™ are trademarks of Genzyme Corporation or its subsidiaries. Fludara® and Leukine® are registered trademarks of Bayer Schering Pharma AG. Prochymal™ is a trademark of Osiris Therapeutics Inc. All rights reserved. Genzyme’s press releases and other company information are available at www.genzyme.com and by calling Genzyme’s investor information line at 1-800-905-4369 within the United States or 1-678-999-4572 outside the United States. 5
  • 12. Conference Call Information Genzyme will host a conference call today at 11:00 a.m. Eastern. To participate in the call, please dial 773-799- 3828 and refer to pass code ―Genzyme.‖ A replay of this call will be available by dialing 402-998-1342. This call will also be Webcast live on the investor events section of www.genzyme.com. Replays of the call and the Webcast will be available until midnight on April 29, 2009. Upcoming Events Genzyme will host a conference call on July 22 at 11:00 a.m. Eastern to discuss financial results for the second quarter of 2009. To participate in the call, please dial 773-799-3828 and refer to pass code ―Genzyme.‖ A replay of this call will be available by dialing 203-369-1321. This call will also be Webcast live on the investor events section of www.genzyme.com. Replays of the call and the Webcast will be available until midnight on July 29, 2009. # # # 6