Vertex shares surge as its cystic fibrosis combo proves marginally positive, but payers may not be so impressed
Vertex came up with the positive data that analysts were looking for in pivotal studies of a combination drug for cystic fibrosis, teeing up new drug applications in the US and Europe later this year. The stock $VRTX responded in kind, shooting up a whopping 17% in after-market trading, even though there’s little sign that the data on display will thaw some frigid relationships with a large segment of payers who clearly are reluctant to cover these drugs.
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