Vertex: CF Monopoly, Looking To Expand [Seeking Alpha]
Vertex Pharmaceuticals Incorporated (VRTX)
Last vertex pharmaceuticals incorporated earnings: 4/29 04:01 pm
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US:NASDAQ Investor Relations:
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Source: Seeking Alpha
MarianVejcik/iStock via Getty ImagesIn October 2020, IconcludedVertex (NASDAQ:VRTXAfter all, the company has seen solid growth, it was very profitable, as it controlled the "CF" market, a situation which still is the case today.Former TakeLate in 2020, shares of Vertex sold-off overnight from $300 to $220 per share in response to disappointing research results, thereby wiping out the entire gains for the year so far at the time. Despite the decent risk-reward based on the operating performance at the time, I feared a value-trap scenario.Shares sold off after Vertex decided to stop the Phase 2 trials of VX-814 on the back of elevated liver enzyme levels being observed, leaving the company to conclude that it was best to halt the study, as new structure should start in the first half of 2021.Founded in 1989, Vertex has been struggling for a long time as its luck changed in 2012 when the FDA approved KALYDECO for the treatment of cystic fibrosis. This life-threatening disease impacts one
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VRTX
News
- Pioneer Institute study finds IRA discourages non-opioid drug innovation [Yahoo! Finance]Yahoo! Finance
- Vertex Announces European Commission Approval for KALYDECO® to Treat Infants With Cystic Fibrosis Ages 1 Month and Older [Yahoo! Finance]Yahoo! Finance
- Vertex Announces European Commission Approval for KALYDECO® to Treat Infants With Cystic Fibrosis Ages 1 Month and OlderBusiness Wire
- The Americas’ Fastest Growing Companies [FT.com - Mergermarket]FT.com - Mergermarket
- The Americas’ Fastest Growing Companies [Financial Times (FT.com) (UK)]Financial Times
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