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Stock impact report

Vertex in-licenses cell therapy technology for diabetes candidates [Seeking Alpha]

Vertex Pharmaceuticals Incorporated (VRTX) 
Last vertex pharmaceuticals incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.vrtx.com
Company Research Source: Seeking Alpha
the latter's cell manufacturing technology, C-Stem, targeting VRTX's cell therapies for type 1 diabetes. Under the collaboration, the duo will scale up the development of differentiated, insulin-producing pancreatic islet cells with a focus on VRTX's T1D cell therapy portfolio. As part of the agreement, TreeFrog will receive $25M upfront and an equity investment from Vertex ( VRTX ), a U.S. biotech focused on cystic fibrosis therapies. It's also eligible to receive up to $215M in milestone payments in connection with an initial development process. Payments linked to clinical, regulatory, and commercial milestones for two potential products are expected to reach $250M in addition to single-digit royalties. Recommended For You More Trending News Recommended For You More Trending News About VRTX Stock Related Stocks Trending Analysis Trending News Show less Read more
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