Shares of Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) traded today at $257.33, eclipsing its 12-month high. This new high was reached on below average trading volume as 754,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.
Vertex Pharmaceuticals Inc. 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.
In the past 12 months, Vertex Pharmaceuticals Inc. share prices are bracketed by a low of $176.36 and a high of $257.33 and are now at $256.41, 45% above that low price.
Vertex Pharmaceuticals Inc. is currently priced 0.9% above its average consensus analyst price target of $254.08.
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