Vertex completes Crinetics acquisition and expands executive team
The ten-billion-dollar deal strengthens its therapy pipeline, while three executives assume new roles to drive integration and growth.
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Biopharmaceutical company developing medicines for serious diseases
vrtx.comLast updated
In short: Vertex completed its $10 billion acquisition of Crinetics Pharmaceuticals and raised its 2026 revenue guidance following strong Q2 results.
The ten-billion-dollar deal strengthens its therapy pipeline, while three executives assume new roles to drive integration and growth.
The partnership with the national health service grants broad treatment access to eligible patients aged six and older starting in August.
Total revenue rose 12% to $3.33 billion; full-year guidance raised to $13.1-$13.2 billion; acquired Crinetics Pharmaceuticals for $10 billion.
The therapy targets sickle cell disease and beta thalassemia in children, with associates instrumental in its development.
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The completed acquisition adds PALSONIFY and atumelnant to Vertex's portfolio, with the two therapies carrying combined peak annual revenue potential of more than $5 billion...
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