Vertex Pharmaceuticals Boosts 2025 Revenue Forecast

Published 6 hours agoVRTX

Vertex Pharmaceuticals Boosts 2025 Revenue Forecast

Vertex Pharmaceuticals has increased its revenue guidance for 2025 to a range of $11.85 billion to $12 billion, slightly up from its previous estimate of $11.75 billion to $12 billion. This adjustment comes despite a recent drop in the company's stock following an earnings call. As Reuters reported, the surge in forecast reflects ongoing confidence in the company's growth prospects.

A main driver of Vertex's revenue is its Cystic Fibrosis treatments, particularly Trikafta, which showed a 2% year-over-year sales increase, amounting to $2.53 billion in the first quarter. While this was slightly below analyst expectations, new products have contributed positively to the revenue outlook. Journavx, a non-opioid pain medication launched in March, has already garnered over 20,000 prescriptions. Additionally, Alyftrek, approved by the FDA in December, bolsters their CF treatment offerings.

Furthermore, Vertex is advancing its pipeline with gene therapy Casgevy, targeting rare blood disorders. There are over 65 treatment centers activated, with 90 patients having begun cell collection. Despite a 2.5% dip in share prices, Vertex's strategic moves in expanding its treatment portfolio and pipeline development support its optimistic revenue forecast.

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