Vertex Pharmaceuticals ( NASDAQ: VRTX ) positive on Telaprevir NDA approval ! Stock up more than 10 %

Vertex Pharmaceuticals

Vertex Pharmaceuticals (MA) (VRTX) Hopes FDA Panel Will OK Its Hep C Treatment.


This week, a Food and Drug Administration advisory panel in Silver Spring, Md., is scheduled to make a recommendation critical to the future of Vertex Pharmaceuticals Inc. The advisers will rule on whether the FDA should approve the first drug developed solely by the biotechnology company in its 22 years of existence. ( Boston Globe ).

Vertex Pharmaceuticals hasn't any product in the market as of now. It is surviving on its Hepatitis C treatment by telaprevir, for which it has filed NDA in last November. Its future heavily depends on the approval of Telaprevir. Stock spiked based on news to more than 10 % close to $53.
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