Shares of pioneer biotechnology company Vertex Pharmaceuticals Incorporated (VRTX) gained 32.8% over the past year, significantly outperforming the S&P 500 index (down 14.2%). Also, the stock gained 4.2% over the past six months.
VRTX’s third quarter of fiscal 2022 marked another period of strong performance in the Cystic Fibrosis (CF) business and across the company. It expects the number of CF patients treated with its medicines to grow, driven by the sustained performance of TRIKAFTA in the U.S., launches of KAFTRIO/TRIKAFTA outside the U.S., and additional reimbursement agreements and new approvals for the treatment of younger patients.
