Vertex Pharmaceuticals Inc.

Company Snapshot

Founded: 1989
Entity Type: Public
Employees: 6,100
Region: U.S.
Revenue: $11,020.1 Millions
Revenue Year: 2024
Headquarter: Massachusetts, U.S.
Key Geographics: U.S., Europe, Other
Corporate Address: 50 Northern Avenue, Boston, Massachusetts 02210 U.S. Tel. +1-617-341-6100 www.vrtx.com

Company Overview

Vertex Pharmaceuticals is a global biotechnology company dedicated to advancing scientific innovation to develop transformative medicines for individuals with serious diseases, particularly in specialty markets. Their portfolio includes four approved medications addressing the root cause of cystic fibrosis (CF), a life-threatening genetic disorder, and a therapy approved for severe sickle cell disease (SCD) and transfusion-dependent beta-thalassemia (TDT), both of which are life-shortening inherited blood disorders. Their pipeline features clinical-stage programs targeting CF, SCD, beta thalassemia, acute and neuropathic pain, APOL1-mediated kidney disease, type 1 diabetes, myotonic dystrophy type 1, and alpha-1 antitrypsin deficiency. Vertex is also researching a novel treatment approach for Duchenne muscular dystrophy based on CRISPR/cas9 gene-editing technology. It is also reported that for CASGEVY.

Financial Highlights (FY 2024)

Net Revenue: ***
Total Current Liabilities: ***
Total Current Assets: ***
R&D expenses: ***
Operating Income: ***

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Vertex Pharmaceuticals Inc. In Reports

Global Pharmaceutical Drugs Industry: Competitive Landscape 2023

BCC Research Report: Dive into pharmaceutical drugs market dynamics, competitive intelligence, and regional trends are well-researched and analyzed in this report.

Breakthrough Therapies: Market Dynamics and Investment Opportunities

BCC Research Market Analyst says global market for breakthrough therapy drugs was valued at $133.3 billion in 2023 and is expected to grow from $150.6 billion in 2024 to $287.5 billion by 2029.

Gene Editing Therapeutics Market

BCC Research Market Analyst says gene editing therapeutics market is estimated to be $11 million in 2024 and is forecasted to grow at a CAGR of 147% to reach a value of $1.0 billion by end of 2029.

Company's Business Segments

  • TRIKAFTA/KAFTRIO : Elexacaftor/Tezacaftor/Ivacaftor, Ivacaftor
  • KALYDECO : Ivacaftor
  • ORKAMBI : Lumacaftor/Ivacaftor
  • SYMDEKO/SYMKEVI : Tezacaftor/Ivacaftor, Ivacaftor

Applications/End User Industries

  • Healthcare
  • Pharmaceuticals