Vertex Pharmaceuticals Incorporated, a biotechnology company, develops medicines for serious diseases. The company focuses on developing and commercializing therapies for the treatment of cystic fibrosis (CF) and advancing its research and development programs. It markets ORKAMBI (lumacaftor in combination with ivacaftor) to treat patients with CF 12 years of age and older who are homozygous for the F508del mutation in their cystic fibrosis transmembrane conductance regulator (CFTR) gene; KALYDECO (ivacaftor) for the treatment of patients with CF who have specific mutations in their CFTR gene, including the G551D mutation; and SYMDEKO (tezacaftor in combination with ivacaftor) to treat patients with CF 12 years of age and older who are F508del homozygous or who have 1 mutation that is responsive to tezacaftor/ivacaftor. The company also develops VX-659 and VX-445, which are CFTR corrector compounds in Phase II clinical trial; VX-150 that is in Phase II clinical trial to treat pain; VX-128, which is in Phase I clinical trial for the treatment of pain; CTX001, an investigational gene editing treatment that is in Phase I/II trial for the treatment of beta-thalassemia and sickle cell disease; pimodivir (JNJ-63623872), which is in a Phase III clinical development program to treat influenza; and VX-210 to treat acute spinal cord injury. It sells its products primarily to specialty pharmacy providers in North America, as well as government-owned and supported customers internationally. The company has collaborations with Cystic Fibrosis Foundation Therapeutics Incorporated; CRISPR Therapeutics AG; Moderna Therapeutics, Inc.; BioAxone Biosciences, Inc.; Parion Sciences, Inc.; Merck KGaA; Janssen Pharmaceuticals, Inc; and Q-State Biosciences, Inc. The company was founded in 1989 and is headquartered in Boston, Massachusetts.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Pharmaceutical preparations
Sub-IndustryBiotechnology
SectorMedical
SymbolNASDAQ:VRTX
CUSIP92532F10
Phone617-341-6100
Debt
Debt-to-Equity Ratio0.01
Current Ratio3.68
Quick Ratio3.53
Price-To-Earnings
Trailing P/E Ratio147.83
Forward P/E Ratio91.44
P/E Growth2.32
Sales & Book Value
Annual Sales$2.49 billion
Price / Sales18.17
Cash Flow$1.0487 per share
Price / Cash169.16
Book Value$8.08 per share
Price / Book21.96
Profitability
EPS (Most Recent Fiscal Year)$0.80
Net Income$263.48 million
Net Margins9.36%
Return on Equity15.28%
Return on Assets8.90%
Miscellaneous
Employees2,300
Outstanding Shares254,830,000
Market Cap$45,206.84
Vertex Pharmaceuticals (NASDAQ:VRTX) Frequently Asked Questions
What is Vertex Pharmaceuticals' stock symbol?
Vertex Pharmaceuticals trades on the NASDAQ under the ticker symbol "VRTX."
How will Vertex Pharmaceuticals' stock buyback program work?
Vertex Pharmaceuticals declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 1st 2018, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.
How were Vertex Pharmaceuticals' earnings last quarter?
Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) released its quarterly earnings results on Thursday, April, 26th. The pharmaceutical company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.13. The pharmaceutical company earned $641 million during the quarter, compared to analysts' expectations of $626.05 million. Vertex Pharmaceuticals had a net margin of 9.36% and a return on equity of 15.28%. The company's quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS. View Vertex Pharmaceuticals' Earnings History.
When is Vertex Pharmaceuticals' next earnings date?
What price target have analysts set for VRTX?
22 brokers have issued 1-year target prices for Vertex Pharmaceuticals' stock. Their forecasts range from $103.00 to $211.00. On average, they anticipate Vertex Pharmaceuticals' stock price to reach $191.30 in the next twelve months. This suggests a possible upside of 7.8% from the stock's current price. View Analyst Ratings for Vertex Pharmaceuticals.
What is the consensus analysts' recommendation for Vertex Pharmaceuticals?
22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Vertex Pharmaceuticals in the last year. There are currently 1 hold rating and 21 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
What are Wall Street analysts saying about Vertex Pharmaceuticals stock?
Here are some recent quotes from research analysts about Vertex Pharmaceuticals stock:
- 1. According to Zacks Investment Research, "Vertex’ efforts to get its two CF drugs — Kalydeco & Orkambi — approved for additional indications are encouraging. Positive data read-outs and regulatory approvals in 2017 increased the eligible patient population for its two CF drugs, Kalydeco & Orkambi, which backed sales growth. Vertex’s newly launched third CF medicine, Symdeko should be a significant contributor to growth in 2018. Symdeko is off to a strong start in the U.S. with an EU launch scheduled in the second half. Vertex’s CF pipeline is also quite strong with a broad portfolio of next-generation CF correctors. Investor focus is on the triple combination CF regimens, which are crucial for long-term growth, as these have the potential to treat up to 90% of CF patients. The stock has outperformed the industry this year so far. However, competitive pressure is rising in the CF market with many other companies developing triple combo CF medicines." (6/30/2018)
- 2. Maxim Group analysts commented, "Vertex reported 1Q18 with revenue of $641M, beating consensus of $622M. Kalydeco revenue of $250M beat consensus of $230M, Orkambi/Symdeko revenue of $388M (Orkambi $354M, Symdeko $34M) beat consensus of $374M. Overall, total CF revenue was $638M, a y/y increase of 33%. Non-GAAP operating expenses were $360M and Non-GAAP EPS of $0.76 beat consensus $0.62. Vertex ended the period with $2.5B in cash." (4/27/2018)
- 3. HC Wainwright analysts commented, "Halts Triple Combination Trials in France as a Protest in Pricing Negotiations What’s new? We have recently learned via a twitter comment and associated article (http://bit.ly/2Bp7vL7) that Vertex has decided to discontinue the Phase 3 trials of its triple combination therapy for cystic fibrosis (CF) in France. During the Vertex 4Q earnings call, management identified the two second-generation correctors that would be added to the combination of tezacaftor/ivacaftor to formulate the triple combination. It appears that these trials will continue in the US and other parts of Europe but will now be excluding France due to an inability to reach reimbursement agreement with the French authorities for Orkambi. As mentioned in the article, this is a disappointment to the French CF patients that have been consistent participants in numerous trials to date and were eagerly awaiting more rapid access to what could be the most effective modulator treatment yet for CF." (2/13/2018)
Who are some of Vertex Pharmaceuticals' key competitors?
Some companies that are related to Vertex Pharmaceuticals include Merck & Co., Inc. (MRK), AbbVie (ABBV), Novo Nordisk A/S (NVO), Abbott Laboratories (ABT), Sanofi (SNY), GlaxoSmithKline (GSK), Eli Lilly And Co (LLY), AstraZeneca (AZN), Bristol-Myers Squibb (BMY), Bayer (BAYRY), Celgene (CELG), Allergan (AGN), Shire (SHPG), Zoetis (ZTS) and Regeneron Pharmaceuticals (REGN).
Who are Vertex Pharmaceuticals' key executives?
Vertex Pharmaceuticals' management team includes the folowing people:
- Mr. Jeffrey Marc Leiden, Chairman, CEO & Pres (Age 62)
- Mr. Thomas Graney, CFO & Sr. VP (Age 53)
- Mr. Ian F. Smith, Exec. VP & COO (Age 52)
- Dr. David M. Altshuler, Chief Scientific Officer & Exec. VP of Global Research (Age 53)
- Mr. Michael J. Parini, Exec. VP and Chief Legal & Admin. Officer (Age 43)
Has Vertex Pharmaceuticals been receiving favorable news coverage?
Media coverage about VRTX stock has been trending somewhat positive this week, according to Accern. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Vertex Pharmaceuticals earned a news sentiment score of 0.12 on Accern's scale. They also assigned media stories about the pharmaceutical company an impact score of 44.19 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
Who are Vertex Pharmaceuticals' major shareholders?
Vertex Pharmaceuticals' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Fred Alger Management Inc. (0.77%), Baillie Gifford & Co. (0.23%), Assenagon Asset Management S.A. (0.14%), Manning & Napier Group LLC (0.14%), Atalanta Sosnoff Capital LLC (0.12%) and Hardman Johnston Global Advisors LLC (0.10%). Company insiders that own Vertex Pharmaceuticals stock include Amit Sachdev, David Altshuler, Ian F Smith, Jeffrey Chodakewitz, Jeffrey M Leiden, Joshua S Boger, Margaret G Mcglynn, Michael Parini, Paul M Silva, Sangeeta N Bhatia, Stuart A Arbuckle and Thomas Graney. View Institutional Ownership Trends for Vertex Pharmaceuticals.
Which institutional investors are selling Vertex Pharmaceuticals stock?
VRTX stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Atalanta Sosnoff Capital LLC, Jag Capital Management LLC, Pennsylvania Trust Co, Pendal Group Ltd, Hartford Investment Management Co., Welch & Forbes LLC and Gateway Investment Advisers LLC. Company insiders that have sold Vertex Pharmaceuticals company stock in the last year include Amit Sachdev, David Altshuler, Ian F Smith, Jeffrey Chodakewitz, Jeffrey M Leiden, Margaret G Mcglynn, Michael Parini, Paul M Silva, Sangeeta N Bhatia, Stuart A Arbuckle and Thomas Graney. View Insider Buying and Selling for Vertex Pharmaceuticals.
Which institutional investors are buying Vertex Pharmaceuticals stock?
VRTX stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Fred Alger Management Inc., Boston Advisors LLC, Hardman Johnston Global Advisors LLC, TIAA FSB, Broadleaf Partners LLC, Baillie Gifford & Co. and Cullinan Associates Inc.. View Insider Buying and Selling for Vertex Pharmaceuticals.
How do I buy shares of Vertex Pharmaceuticals?
Shares of VRTX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Vertex Pharmaceuticals' stock price today?
One share of VRTX stock can currently be purchased for approximately $177.40.
How big of a company is Vertex Pharmaceuticals?
Vertex Pharmaceuticals has a market capitalization of $45.21 billion and generates $2.49 billion in revenue each year. The pharmaceutical company earns $263.48 million in net income (profit) each year or $0.80 on an earnings per share basis. Vertex Pharmaceuticals employs 2,300 workers across the globe.
How can I contact Vertex Pharmaceuticals?
Vertex Pharmaceuticals' mailing address is 50 NORTHERN AVENUE, BOSTON MA, 02210. The pharmaceutical company can be reached via phone at 617-341-6100 or via email at [email protected]
MarketBeat Community Rating for Vertex Pharmaceuticals (NASDAQ VRTX)
MarketBeat's community ratings are surveys of what our community members think about Vertex Pharmaceuticals and other stocks. Vote "Outperform" if you believe VRTX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VRTX will underperform the S&P 500 over the long term. You may vote once every thirty days.
