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VRTX with a best and raise. : stocks

by Index Investing News
October 28, 2022
in Stock Market
Reading Time: 1 min read
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Just because we need something to talk about that’s not mega tech…

VRTX put in another strong quarter. 18% y/y revenue growth. GAAP income up 9%. Also with a slight raise to forward guidance. Also of note, they have $9.8 billion in cash and no debt. This puts them in an interesting position should a lot of start up biotech companies start running out of money.

Also interesting, they have 2 drugs in final testing stages, one for sickle cell disease and one one for pain. They have already hired staff to get these drugs quicky to market.

https://finance.yahoo.com/news/vertex-reports-third-quarter-2022-200100403.html

Full disclosure I own shares of VRTX and it’s been a beast this year.

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