Vertex Surges After Drug Pair Helps in Cystic Fibrosis
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A combination of two Vertex Pharmaceuticals Inc. drugs improved lung function in patients with the most common form of cystic fibrosis, holding out the promise of a new treatment for the genetic illness. The company’s shares rose to their highest price in almost 14 years.
Vertex will seek regulatory approval in the fourth quarter for the treatment in the U.S. and the European Union based on the final-stage trials, dubbed TRAFFIC and TRANSPORT, the Boston-based company said in a statement today.