Vertex (VRTX): H.C. Wainwright Comments on VX-661 Data
- Wall St drops as Meta Platforms, economic data weigh
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steady as US demand concerns balance Middle East conflict risks
- Dollar firmer on higher U.S. inflation; yen sinks vs euro, US currency
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
Goldman Sachs Comments on Vertex (VRTX)
May 2, 2014 9:39 AM EDTGoldman Sachs maintained a Neutral rating on Vertex (NASDAQ: VRTX) with a price target of $64.00.
Analyst Terence Flynn said, "In our view 1Q results were uneventful and the focus remains on... More
Vertex (VRTX) Bullish Stance Reiterated at Needham & Company after Q1 Results, Encouraging VX-661-Ivacaftor Phase 2 Data
May 2, 2014 7:41 AM EDTNeedham & Company analyst Alan Carr reiterated a Buy rating and $95 price target on Vertex (NASDAQ: VRTX) following Q1 results and 'encouraging' VX-661-ivacaftor phase 2 data.
Carr commented, "Vertex reported 1Q14 financial results yesterday and announced positive top-line results from a Phase 2... More
Vertex Pharmaceuticals, Inc. (VRTX) Posts Q1 Loss of 65c/Share; Reports Statistically Significant KALYDECO + VX-661 Ph. 2 Data
May 1, 2014 4:09 PM EDTVertex Pharmaceuticals, Inc. (NASDAQ: VRTX) reported Q1 EPS of ($0.65), $0.03 better than the analyst estimate of ($0.68). Revenue for the quarter came in at $118.5 million versus the consensus estimate of $134.46 million.
Vertex also announced that treatment with the combination of VX-661 and KALYDECO® (ivacaftor) in a 28-day Phase 2 study showed statistically significant improvements in lung function (FEV1) in people with both the F508del mutation and G551D mutation who were already taking KALYDECO. VX-661 was added to patients ongoing KALYDECO treatment for four weeks to evaluate the safety of the combination regimen... More