Where Will Vertex Pharmaceuticals Be in 1 Year?
Vertex Pharmaceuticals (NASDAQ: VRTX), a leader in the treatment of cystic fibrosis, has expanded its annual revenue over the past five years, and its latest approved drug likely will help it keep that trend going. In October, the U.S. Food and Drug Administration (FDA) gave the nod to Trikafta, a combination medication with the potential to be prescribed to 90% of people with cystic fibrosis.
In addition, Vertex's pipeline includes potential treatments for pain, sickle cell disease, and the blood disorder beta-thalassemia, but those studies are all still in Phases 1 and 2. Therefore, Vertex's position a year from now will still depend on how its cystic fibrosis treatments are faring.
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Source Fool.com
