Vertex revenues rise as company points to progress beyond cystic fibrosis
US biotech Vertex Pharmaceuticals (Nasdaq: VRTX) has reported full-year product revenues of $7.57 billion for 2021, a 22% increase compared to 2020, while adjusted earnings were 26% higher at $13.02.
Quarterly sales came in at $2.07 billion, beating stock analysts' $2 billion prediction and 27% ahead of the same period in 2020.
"Our pipeline beyond CF accelerated and delivered important clinical data in new disease areas"Adjusted earnings for the quarter also soared 34% to $3.37 per share, ahead of the $3.29 predicted by analysts.
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