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Vertex Pharmaceuticals Incorporated Message Board

  • jay100m jay100m Mar 1, 2004 11:36 PM Flag

    The reasons to long vrtx

    While it is quite volitale short term, I consider the following as the reasons to own vrtx shares:
    . 6 clinic trials in pipeline;
    . new cancer drug could be blockbuster though
    it will be long way to go;
    . funding for drug discovery is visable in the next two years;
    . share price is in the range as 5 years ago;
    . Most analysts downgraded vrtx already in last Nov.

    Any comments?

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    • 5 years ago VRTX had more drugs in later stage trials in its pipeline; it hadn't had the clinical trials flops (its whiz bang computer modeling and novel development platform were supposed to minimize the risk of this);it had more collaborative partnering programs and more partnering and milestone payments coming in the door; it had about $500 million more in cash on hand and it was burning far less cash;and Boger and Sato hadn't yet cashed in two tons of their VRTX chips.

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