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Stock impact report

Vertex Pain Setback Prompts Fund Exit And Recheck Of Valuation Gap [Yahoo! Finance]

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: Yahoo! Finance
Vertex Pharmaceuticals (NasdaqGS:VRTX) is reassessing its pain management program after disappointing FDA label discussions for Journavx. Phase II data for pain candidate VX-993 did not meet expectations for use as a standalone therapy. Hardman Johnston Global Equity Strategy has exited its position in the company following these developments. The company has decided not to pursue VX-993 as a monotherapy, which signals a shift in how its non cystic fibrosis assets are being viewed. Vertex is best known for its cystic fibrosis franchise, but it has been working to build out a broader portfolio that includes non opioid pain therapies. The recent FDA feedback on Journavx and the phase II readout for VX-993 put fresh attention on how much weight investors place on this part of the pipeline. With a large equity fund stepping away, many investors are rechecking how they think about risk across Vertex's different therapeutic areas. For you as an investor, the key question is how m Show less Read more
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