Shares of Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) traded at a new 52-week high today of $237.82. Approximately 754,000 shares have changed hands today, as compared to an average 30-day volume of 1.8 million shares.
Vertex Pharmaceuticals is a global biotechnology company that discovers and develops small-molecule drugs for the treatment of serious diseases. Its key drugs are Kalydeco, Orkambi, Symdeko, and Trikafta/Kaftrio for cystic fibrosis, where Vertex therapies remain the standard of care globally. In addition to its focus on cystic fibrosis, Vertex is diversifying its pipeline through gene-editing therapies such as CTX001 for beta-thalassemia and sickle-cell disease, small-molecule inhibitors targeting acute and chronic pain using nonopioid treatments, and small-molecule inhibitors of APOL1-mediated kidney diseases. Vertex is also investigating cell therapies to deliver a potential functional cure for type 1 diabetes.
Based on a current price of $236.74, Vertex Pharmaceuticals Incorporated is currently 3.5% above its average consensus analyst price target of $228.46.
In the past 52 weeks, shares of Vertex Pharmaceuticals Incorporated have traded between a low of $176.36 and a high of $237.82 and is now at $236.74, which is 34% above that low price.
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