Pharma Deals Review, Vol 2004, No 50 (2004)

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Vertex: An Accomplished Dealmaker

Business Review Editor

Abstract


Vertex Pharmaceuticals reached a crucial point after the Phase II failure of its Aventis-partnered rheumatoid arthritis therapeutic, pralnacasan. The company has reacted to its US$140-150 M loss by forming new partnerships with Mitsubishi Pharma and Merck & Co. The swiftness of Vertex’s deal making has thrilled the investors. Its short term future now looks secure. Moreover, Vertex’ decision to develop VX-680 that is seemingly rejected by Novartis, considers Vertex’ provable expertise in bringing oncology drugs to market.



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