Vertex Pharmaceuticals Seen as Buying Opportunity as Stock Plunges [Yahoo! Finance News]
Vertex Pharmaceuticals Incorporated (VRTX)
Last vertex pharmaceuticals incorporated earnings: 4/29 04:01 pm
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Source: Yahoo! Finance News
Vertex Pharmaceuticals(VRTXGet Reportannounced on Thursday that it halted its effortsThe study, called VX-864, met its primary endpoint and was well tolerated, Vertex said, and the drug's mechanism was proved to work, but the "magnitude of the treatment effect observed [was] unlikely to translate into substantial clinical benefit.”Analysts were quick to focus on the Boston-based company’s existing pipeline of cystic fibrosis and other treatments, as well as its plans to continue efforts to develop treatments for AATD, calling the knee-jerk selloff a buying opportunity.Barclays analyst Gena Wang cut her price target on Vertex to $285, though said she sees a buying opportunity in the stock weakness, even if the company’s future pipeline remains “… a show-me story,” especially given Vertex’s other drugmaking efforts in development, and its intellectual property. She has an overweight rating on the shares.Piper Sandler analyst Edward Tenthoff also sees the recent share price drop as an op
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VRTX
Earnings
- 2/5/24 - Beat
VRTX
Sec Filings
- 4/17/24 - Form 4
- 4/16/24 - Form PX14A6G
- 4/11/24 - Form SC
- VRTX's page on the SEC website