Vertex Pharmaceuticals: Diversifying Its Drug Portfolio For Future Growth [Seeking Alpha]
Vertex Pharmaceuticals Incorporated (VRTX)
Last vertex pharmaceuticals incorporated earnings: 4/29 04:01 pm
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US:NASDAQ Investor Relations:
investors.vrtx.com
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Source: Seeking Alpha
VRTX stock has stalled in 2024 due to lower revenue growth projections for the year, which is unappealing for growth investors. The long-term potential of its drug pipeline may justify buying for long-term growth investors. Vertex Pharmaceuticals NASDAQ: VRTX ) is a promising biotechnology with solid financial results in 2023, a dominant Cystic fibrosis ("CF") franchise, and is on track to diversify its drug portfolio by launching five new products by 2028, which include its newest CF drug, a non-opioid pain management drug, and a therapy addressing Sickle Cell Disease and Beta-Thalassemia. Several of these solutions have the potential to produce blockbuster status. Investors were excited by the potential in 2023 as the stock was up 41% last year, handily smashing the 7.60% total returns of SPDR S&P Biotech ETF ( XBI ) and the returns of the S&P 500 of 24.2%. Although the company holds tremendous promise, as seen on the chart below, the stock has stalled so far in 2024. For sev
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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