Vertex Pharmaceuticals Inc
VRTX: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| mSk | LOCK|!jk#? | LOCK|?>wdDY |
Vertex: Positive Phase 3 Data for Povetacicept Brings $4.9 Billion Alpine Deal Closer to Payoff
Vertex Pharmaceuticals reported positive phase 3 data for povetacicept in IgA nephropathy, a chronic kidney disease that can lead to renal failure, showing a 49.8% reduction in proteinuria compared with placebo and meeting all primary and secondary endpoints. Shares rose 8% on March 10.
