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0.000617360167921966 -0.000395110507469979 -0.00166489690085192 -0.0010618594888258 0.00427213236202005 0.00301321150759361 0.000740832201506387 -7.40832201505685E-05
Stock impact report

Vertex (VRTX), TreeFrog Sign Deal for Diabetes Cell Therapies [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
company, TreeFrog Therapeutics, to optimize the production of VRTX's type 1 diabetes (T1D) cell therapies. The agreement will grant the pharmaceutical company an exclusive license to TreeFrog's proprietary cell manufacturing technology, C-Stem, which will be leveraged by VRTX to enhance its ability to generate large amounts of fully differentiated insulin-producing pancreatic islet cells for its portfolio of T1D cell therapies. TreeFrog's C-Stem technology imitates the natural microenvironment of cells that facilitates those cells to grow exponentially in a three-dimensional setting. Year to date, shares of Vertex have lost 1.7% compared with the industry's 11.1% decline. Image Source: Zacks Investment Research Per the terms of the agreement, VRTX is liable to make an upfront payment of $25 million to TreeFrog in consideration of the C-Stem license grant while making an equity investment in the partner company. Additionally, Vertex is also liable to make milestone payments t Show less Read more
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