Vertex Under Pressure To Spend On M&A

Company Has $6.7bn In Cash

The biotech is growing fast thanks to its success in cystic fibrosis, but is under pressure to be bolder in its business development

Vertex HQ, Boston
Its self-developed CF franchise boosted Vertex's revenues by 50% in 2020, but investors are looking for M&A to provide the next growth platform.

Vertex, one of biotech’s fastest-growing companies thanks to its success in developing ground-breaking cystic fibrosis therapies, grew its revenues by 50% last year to $6.2bn, and is coming under pressure to spend some of its cash pile on M&A.

The company is forecasting around 10% growth this year, based on expansion from its cystic fibrosis triple therapy Trikafta/Kaftrio (elexacaftor/tezacaftor/ivacaftor)...

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