Vertex Pharmaceuticals Inc

VRTX: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$145.00	Bgbwf	Fjqzhxkj

Vertex Earnings: Strong Demand for Trikafta/Kaftrio Drives Sales; Pipeline Continues to Make Progress

Rachel Elfman

Nov 7, 2023

Vertex reported third-quarter results highlighted by strong uptake of its cystic fibrosis triple combination therapy, Trikafta/Kaftrio, in the United States and internationally. Quarterly product revenue of $2.48 billion represented a 6% increase from the prior-year period. Vertex’s results are tracking our expectations, and we maintain our fair value estimate of $314 per share.

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