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Vertex nets $313.6mm to support hepatitis and CF candidates

Executive Summary

Vertex Pharmaceuticals netted $313.6mm through the follow-on public offering of 10mm common shares at $32 apiece. The company will use the proceeds to support development of its lead candidates telaprevir, in Phase III for hepatitis C, and VX770, in Phase II for cystic fibrosis.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • FOPO

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