Despite Q1 miss, pain drug launch and new CF therapy drive Vertex growth
Vertex Pharmaceuticals (Nasdaq: VRTX) missed Wall Street estimates for the first quarter of 2025, as sales of its cystic fibrosis (CF) therapy Trikafta (elexacaftor/tezacaftor/ivacaftor) came in lower than expected.
Still, the US biotech raised its full-year revenue outlook, buoyed by new launches including its acute pain drug Journavx (suzetrigine) and next-generation CF therapy Alyftrek (vanzacaftor/tezacaftor/ivacaftor).
Quarterly revenue rose 3% year-on-year to $2.77 billion, missing analyst expectations of $2.85 billion. Adjusted earnings per share fell to $4.06, short of the $4.32 consensus.
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