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Vertex Pharmaceuticals Incorporated Message Board

dave59isok 2 posts  |  Last Activity: Jul 22, 2014 7:59 AM Member since: Oct 18, 2008
  • dave59isok by dave59isok Jul 22, 2014 7:59 AM Flag

    What is in store for earnings............

    Sentiment: Buy

  • After the first year everything is profit??
    How are they thinking here is a snippet form an article.
    For starters, the science at Vertex is so complex and costly that a voyage to Mars looks easy by comparison. The company’s visionary founder and CEO Josh Boger tells his staff at one point, “If you give me 20 years and a half-trillion dollars, I guarantee I can put people on Mars and bring them back. I guarantee it … But making a new drug that changes people’s lives is almost beyond human understanding.” Reading Werth’s two books makes that a believable statement.

    Vertex’s science is also potentially beyond our ability to fund. The company’s burn rate is spectacular. For much of the book, the company hemorrhages about $60,000 an hour.

    Sentiment: Buy

103.75+6.40(+6.57%)Sep 19 4:00 PMEDT

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