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Vertex forecasts upbeat 2025 revenue on cystic fibrosis treatments demand
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Vertex forecasts upbeat 2025 revenue on cystic fibrosis treatments demand
Feb 10, 2025 1:39 PM

Feb 10 (Reuters) - Vertex Pharmaceuticals ( VRTX )

forecast annual revenue largely above Wall Street estimates on

Monday, banking on robust sales of its cystic fibrosis drugs and

early contributions from a newly approved non-opioid painkiller.

The drugmaker is looking to its acute pain drug, Journavx,

to drive growth beyond its established line of cystic fibrosis

treatments. Vertex expects to begin shipping Journavx to

pharmacies in the U.S. by the end of February.

The U.S. Food and Drug Administration, in December, also

approved Vertex's once-daily next-generation treatment,

Alyftrek, for a rare and progressive genetic disease, expanding

its market dominance in cystic fibrosis (CF) treatments.

CF is an inherited disorder caused by a lack of a specific

protein that results in poor flow of salt and water flow in and

out of cells in various organs.

For the fourth quarter, ended December 31, sales of

company's older CF treatment Trikafta rose nearly 17% to $2.72

billion.

The company aims to launch five new treatments by 2028,

which include a next-generation CF drug and a non-opioid pain

management medication.

In December, Vertex entered into an agreement with the

Centers for Medicare & Medicaid Services to help increase

patient access to its gene therapy, Casgevy, which treats a rare

blood disorder requiring regular blood transfusions.

The Boston, Massachusetts-based drugmaker developed Casgevy

with Swiss-American firm CRISPR Therapeutics.

Vertex sees 2025 revenue of $11.75 billion to $12.0 billion,

the midpoint of which is above analysts' average expectation of

$11.84 billion, according to data compiled by LSEG.

Revenue for the company's fourth quarter rose nearly 16% to

$2.91 billion, beating analysts' estimates of $2.78 billion.

On an adjusted basis, the company reported a profit of $3.98

per share for the reported quarter, compared to analysts'

expectations of a profit per share of $4.03.

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