Welcome to our dedicated page for Vertex Pharmaceuticals news (Ticker: VRTX), a resource for investors and traders seeking the latest updates and insights on Vertex Pharmaceuticals stock.
Vertex Pharmaceuticals Incorporated (Nasdaq: VRTX) is a global biotechnology company with approved medicines in cystic fibrosis, sickle cell disease, transfusion-dependent beta thalassemia and acute pain, and a broad pipeline across kidney disease, neuropathic pain, type 1 diabetes and other serious conditions. The VRTX news feed on Stock Titan brings together company press releases and other coverage that highlight how its commercial portfolio and research programs are evolving over time.
News about Vertex often focuses on clinical data readouts, regulatory milestones and commercial updates. Recent announcements have covered progress in cystic fibrosis, including data on ALYFTREK and other CFTR modulators presented at scientific conferences, and updates on next-generation CFTR correctors and CFTR mRNA therapies. Vertex also regularly reports on CASGEVY, its CRISPR/Cas9 gene-edited cell therapy for severe sickle cell disease and transfusion-dependent beta thalassemia, including longer-term outcomes data and plans for regulatory submissions in additional age groups.
Investors and followers of VRTX news can also expect updates on JOURNAVX, the company’s oral non-opioid NaV1.8 inhibitor for moderate-to-severe acute pain in adults, including information on prescription trends, payer coverage and hospital formulary adoption. In kidney diseases, Vertex issues news on povetacicept and inaxaplin, including Phase 1/2 and Phase 3 trial data in IgA nephropathy, primary membranous nephropathy and APOL1-mediated kidney disease, as well as regulatory designations such as Breakthrough Therapy and Fast Track.
Additional news items may include financial results, participation in major healthcare investor conferences, and updates on programs in type 1 diabetes, autosomal dominant polycystic kidney disease and myotonic dystrophy type 1. For anyone tracking VRTX stock, this news page offers a centralized view of how Vertex’s marketed products and pipeline advance through clinical development, regulatory review and commercialization.
Vertex Pharmaceuticals (Nasdaq: VRTX) will take part in two upcoming investor conferences in June 2024. CEO Dr. Reshma Kewalramani will present at the William Blair 44th Annual Growth Stock Conference on June 4 at 4:00 p.m. CT. Executives Charles Wagner and Dr. David Altshuler will join a fireside chat at the Goldman Sachs 45th Annual Global Healthcare Conference on June 11 at 11:20 a.m. ET. Both events will be webcast live on the Vertex website, with replays available afterward.
Vertex Pharmaceuticals (Nasdaq: VRTX) has elected Jennifer Schneider, M.D., M.S., to its Board of Directors as an independent director. Dr. Schneider brings over 20 years of expertise in the healthcare sector. She co-founded and leads Homeward Health, targeting healthcare delivery for rural Americans. Previously, she was President and Chief Medical Officer of Livongo Health, where she steered the company through a record-breaking IPO and a major merger with Teladoc Health. Dr. Schneider's background also includes roles at Castlight Health and research at Stanford University. Her addition brings Vertex's board to 11 members, 45% of whom are women. Dr. Schneider's experience is poised to aid Vertex's growth and innovation, particularly in cystic fibrosis, sickle cell disease, and beta thalassemia.
Alpine Immune Sciences reported its financial results for the first quarter of 2024, with a cash position of $362.4 million. Vertex Pharmaceuticals will acquire Alpine for $65 per share, expected to close in Q2 2024. Collaboration revenue decreased to $7.0 million, with an increase in research and development expenses to $22.5 million. Net loss for Q1 2024 was $17.9 million.
Vertex Pharmaceuticals reported a 13% increase in product revenue to $2.69 billion in Q1 2024 compared to Q1 2023. They submitted filings for vanzacaftor triple in CF to FDA and EMA, initiated NDA submission for suzetrigine in acute pain, and agreed to acquire Alpine Immune Sciences. Vertex's full year 2024 guidance includes product revenue of $10.55 to $10.75 billion.
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