Better Buy: Vertex Pharmaceuticals vs. Incyte
The core franchises of Vertex Pharmaceuticals (NASDAQ: VRTX) and Incyte (NASDAQ: INCY) continue to generate hefty sales, enabling the companies to invest heavily in exciting research and development programs. While Vertex's $63 billion valuation towers over Incyte's $17 billion market cap, both offer biotech investors a chance to own interesting portfolios of potential new drugs.
Vertex posted over $4 billion in 2019 revenue, fueled by its cystic fibrosis franchise: Kalydeco, Orkambi, Symdeko/Symkevi, and Trikafta. Better-than-anticipated sales for Vertex's latest cystic fibrosis drug, Trikafta, drove the most recent quarter's success.
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Source Fool.com
