Vertex Pharmaceuticals' $950 Million Bet on Curing Type 1 Diabetes Could Have an Astronomical Payoff [The Motley Fool]
Vertex Pharmaceuticals Incorporated (VRTX)
Last vertex pharmaceuticals incorporated earnings: 4/29 04:01 pm
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Source: The Motley Fool
Vertex Pharmaceuticals' $950 Million Bet on Curing Type 1 Diabetes Could Have an Astronomical Payoff The biotech just announced a potentially game-changing acquisition. Vertex Pharmaceuticals ( NASDAQ:VRTX ) holds a virtual monopoly in treating cystic fibrosis (CF). But the successful biotech isn't content with winning in only one therapeutic area. Vertex is also developing drugs for treating pain in addition to other rare genetic diseases, including alpha-1 antitrypsin deficiency (AATD), beta-thalassemia, Duchenne muscular dystrophy, and sickle cell disease. Now Vertex has its eyes on its most ambitious goal ever: curing type 1 diabetes. The company announced on Tuesday that it's acquiring privately held Semma Therapeutics, which focuses exclusively on developing a cure for type 1 diabetes, for $950 million. Vertex is making a big bet, but it's one that just might have an astronomical payoff. Type 1 diabetes results when insulin-producing beta cells of the pancreatic islets (region
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News
- MCK Stock Down Despite Latest Partnership to Boost SCD Treatment [Yahoo! Finance]Yahoo! Finance
- Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- CRISPR Therapeutics Stock Falls 7% in Two Weeks: Time to Hold or Sell? [Yahoo! Finance]Yahoo! Finance
- Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) Shares Could Be 48% Below Their Intrinsic Value Estimate [Yahoo! Finance]Yahoo! Finance
- SpyGlass Pharma Completes Enrollment in Phase I/II Study of its Promising Long-Term Drug Delivery Platform for Glaucoma and Ocular Hypertension [Yahoo! Finance]Yahoo! Finance
VRTX
Earnings
- 11/4/24 - Beat
VRTX
Sec Filings
- 11/19/24 - Form 4
- 11/15/24 - Form 144
- 11/13/24 - Form 4
- VRTX's page on the SEC website