I do not own this stock but see it getting a lot of attention. I am trying to understand why it is so expensive; i.e. what is the upside here? Is it in their hep C program or just the CF program?
I own CELG, GILD, ISIS and some smaller biotech companies but this one just befuddles me. VTX has an enormous market cap, 1800 employees (if one believes Yahoo), and a very small pipeline in my estimation. When I compare what ISIS has in the pipeline (and only 365 employees) - what is the valuation based on that I'm missing?
It would be nice to hear positive phase 2 VX 661/770 clinical trial results treating 508d homozygote CF patitents at next Monday's presentation. It would certainly make the citi biotech analyst's report released today look stupid, and push the stock up to new 52 week highs. Even without releasing the 661/770 data, just an upbeat presentation and timeline for 2015 R&D milestones and expected approvals for 809/770 and the progress in the cf and non cf pipeline will likely be a catalyst for the stock.
I have a progressive disease, Parkinson's. I would pay $340k to halt the progression of my disease and to make a small improvement in symptoms to boot.
I think anyone with a progressive disease that becomes more debilitating over time would pay almost anything for such a drug.
Unlike HepC where there are alternative medicines approved and on the market, CF has no alternative meds albeit for a few years if there is no toxicity and equal efficacy.
Apples and oranges. Hep C is one of those diseases people can live with for a long time before their quality of life is seriously impaired. With CF, quality of life is all-important, and that begins with a slight improvement in the ability to breathe.
to all Vertex longs. I am convinced that 2015 will see new highs for VRTX sp,
based on the assumption of approval for combo and positive data on 661 I dare to predict a sp well above $150 at the end of the year.
What's your guess?
Speculation that phase 2 VX 661/770 results will be positive seems to have the stock moving very quickly in the first hour of trading of 2015! Happy New Year to all longs and the CF community!