Vertex Pharma (VRTX) Tops Q2 EPS by 54c, Revenues Beat; Raises FY20 Revenue Guidance

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Vertex Reports Second-Quarter 2020 Financial Results

July 30, 2020 4:01 PM EDT

-Product revenues of $1.52 billion, a 62% increase compared to Q2 2019-

-Company raises revenue guidance; now expects 2020 CF revenues of $5.7 to $5.9 billion-

BOSTON--(BUSINESS WIRE)-- Vertex Pharmaceuticals Incorporated (Nasdaq: VRTX) today reported consolidated financial results for the second quarter ended June 30, 2020 and revised upward its full-year 2020 financial guidance for total cystic fibrosis (CF) product revenues.

"This has been an exceptional first half for Vertex on all fronts and most importantly, in our efforts to bring our CF medicines to more... More