Vertex Pharma (VRTX): Kalydeco Miss Is Not A Game Changer - Jefferies

August 16, 2016 7:31 AM EDT
Get Alerts VRTX Hot Sheet
Price: $75.50 -2.98%

Rating Summary:
    25 Buy, 16 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
Trade VRTX Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Jefferies analyst, Brian Abrahams, reiterated his Buy rating on shares of Vertex (NASDAQ: VRTX) after the company announced that '661/Kalydeco missed on its interim efficacy analysis in het/min CF patients.

Success would have created an opportunity to reach this large subpopulation with the dual combo and reaffirmed '661's activity (given its importance as a backbone for the triple). However, the analyst believes expectations were low, and the event does not change his overall positive CF franchise view.

No change to the price target of $107.

For an analyst ratings summary and ratings history on Vertex click here. For more ratings news on Vertex click here.

Shares of Vertex closed at $102.48 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst EPS View, FDA

Related Entities

Jefferies & Co

Add Your Comment