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0.000410004100040977 0.000410004100040977 -4.10004100040628E-05 -0.00114801148011481 0.000809758097580939 0.0086715867158672 0.0068675686756868 0.009819598195982
Stock impact report

Citi initiates coverage on 5 new biotech stocks [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
The firm initiated coverage on Gilead and Vertex with Buy ratings, citing solid growth drivers, while Amgen, Biogen, and Regeneron received Neutral ratings due to certain market challenges and pipeline uncertainties. For Amgen, Citi analysts underscore the potential of its obesity and diabetes drug, MariTide, though the firm remains cautious due to competitive pressures in the GLP-1 market. They believe the company's growth outlook “hinges on MariTide clinical success and to a lesser degree, the trajectory for a number of newer products,” such as Tepezza, Uplizna, Krystexxa, and Imdelltra. Vertex also earned a Buy rating at Citi, primarily due to its leadership in cystic fibrosis and the potential from new therapies, including the vanzacaftor triple combination for CF and suzetrigine for acute pain. “Given consistent growth in CF, with multiple PDUFA dates in early 2025 and a clear path to broader diversification, we are very positive on the growth story for Vertex,” analysts Show less Read more
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