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Vertex Pharmaceuticals company logo
Corporation
HEALTHCARE | Medical Facilities & Services / Medical Laboratories & Research
vrtx.com

Investments

9

Partners & Customers

10

About Vertex Pharmaceuticals

Vertex Pharmaceuticals (NASDAQ: VRTX) develops small molecule drugs for serious diseases. The company's strategy is to commercialize its products both independently and in collaboration with major pharmaceutical companies. Vertex's product pipeline is focused on viral diseases, cystic fibrosis, inflammation, autoimmune diseases, cancer, and pain. Vertex co-discovered the HIV protease inhibitor, Lexiva, with GlaxoSmithKline.

Headquarters Location

50 Northern Avenue

Boston, Massachusetts, 02210,

United States

1-617-341-6100

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CB Insights Intelligence Analysts have mentioned Vertex Pharmaceuticals in 1 CB Insights research brief, most recently on Aug 31, 2021.

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Aug 31, 2021

What Is CRISPR?

Latest Vertex Pharmaceuticals News

Continuous manufacturing: a dream or reality for Korean biopharma?

May 25, 2023

닫기 The biopharmaceutical industry is pushing for continuous manufacturing (CM) due to the shift in global pharmaceutical needs from blockbuster drugs to customized rare disease drugs, and the need for creating a faster rollout of innovative treatments, especially during pandemics, according to Korea BIO's most recent economic brief report. Continuous manufacturing might be closer to happening with the convergence of guidelines in the industry providing reassurance to manufacturers. (Credit: Getty Image) CM refers to an integrated continuous system where active pharmaceutical ingredients (APIs) can be uninterruptedly fed into the equipment without the need for testing and storage after each manufacturing process. The International Council for Harmonization’s (ICH) guidelines for CM are expected to take effect from July 10, 2023. The American Society for Testing and Materials (ASTM) guidance for CM was published in November last year. Earlier in 2019, the Food and Drug Administration (FDA) also released draft CM guidelines. Nevertheless, Korean manufacturers continue to face significant challenges due to a lack of local regulatory guidance, acting as a major obstacle for domestic companies seeking to transition. The prevailing regulatory uncertainty raises concerns about potential approval delays, further discouraging companies from pursuing the change. Hurdles for achieving continuous manufacturing Notwithstanding the lack of domestic regulations, high initial investments in process analytical technology (PAT) and establishing integrated quality by design (QbD) systems have been labeled as other deterrents hindering the CM process. For CM to be conducted smoothly, automated technologies are required for monitoring the quality. In turn, this shortens the processing time from raw material to finished product. As a result, the KoreaBIO report also highlighted that CM can help bring products to market faster to guarantee pharmaceutical companies a longer period of market exclusivity. The diagram shows the difference between continuous manufacturing and batch manufacturing. (Source: FDA) Is CM feasible in Korea? However, the application of CM is not merely a theoretical aspiration for Big Pharma; it has already been implemented successfully in sectors such as petroleum refining and the food industry. Nonetheless, the biopharmaceutical industry has approached CM with greater caution, displaying a more measured adoption. The FDA published a CM audit in 2022 which proved that CM processes had faster approval times between three to eight months and made it to market four to 12 months faster than the batch processes. Among Janssen Pharmaceuticals, Lilly, Vertex Pharmaceuticals, and Pfizer, eight drugs manufactured via a CM process have already obtained approval from the FDA, European Medicines Agency (EMA), or the Pharmaceutical and Medical Device Agency (PDMA). Vertex Pharmaceuticals’ cystic fibrosis drug, Orkambi (ingredient: lumacaftor/ivacaftor) was the first in 2015. However, the report noted the APIs of these drugs were not manufactured via a CM system, suggesting a higher level of complexity to develop APIs continuously compared to the finished drug. As such, an end-to-end CM process integrating API production with the finished drug product is still under development and none are yet compliant with current good manufacturing practice (cGMP) standards. The report also pointed out that all CM-approved drugs thus far were for oral solid dosage drugs (OSDs). Particularly, the FDA guidelines are also geared towards OSD small molecule drugs but applying this same guidance to biopharmaceuticals might prove difficult. For example, vaccine manufacturing requires virus inactivation, ultrafiltration, and purification which is not easy to transfer to perform on existing equipment used for the production of small molecule drugs. Therefore, the manufacturing site has to be fit for purpose as CM processes will differ depending on the drug substance or drug product and whether it is a large or small molecule. Elaborating on the domestic situation, a company official from Daewoong Bio told Korea Biomedical Review that the company has been conducting CM research for several years and plans to conduct qualification and license production for submission to the Ministry of Food and Drug Safety (MFDS) in the third quarter of this year. However, due to the confidential nature of the business, the official could not disclose the specific drugs that would be manufactured on this platform. “We have been selected as a World Class Plus government project and will receive government support for four years to upgrade our technology for developing continuous manufacturing,” the company official said. World Class Plus is a government project carried out by the Ministry of Trade, Industry, and Energy that supports domestic world-class companies with non-R&D funds. What about the hybrid approach? Just like a hybrid approach has been suggested for decentralized clinical trials (DCT), a hybrid approach is also being mentioned as a way forward for biopharmaceutical manufacturing. Certain industry officials have already highlighted that batch manufacturing continues to perform effectively, suggesting that there is no imperative to completely abandon this approach. Especially for generic drug manufacturers where profit margins are generally low, there is a very small incentive for setting up a CM system as initial set-up costs are high. “From a business perspective, it is more effective to implement CM at the clinical stage for biopharmaceuticals than to modify the existing batch process, as it is inherently more complex and process-dependent,” said a Korea BIO official. “In order not to delay the adoption of new technologies such as CM, regulators should create specific guidelines for CM, which should be harmonized globally.”

Vertex Pharmaceuticals Investments

9 Investments

Vertex Pharmaceuticals has made 9 investments. Their latest investment was in Entrada Therapeutics as part of their Corporate Minority - P2P on December 12, 2022.

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Vertex Pharmaceuticals Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/8/2022

Corporate Minority - P2P

Entrada Therapeutics

$26M

Yes

1

7/21/2022

Corporate Minority - P2P

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$99M

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10

11/9/2021

Series B

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$99M

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10

10/26/2021

Convertible Note - III

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$99M

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10

10/26/2021

Unattributed

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10

Date

12/8/2022

7/21/2022

11/9/2021

10/26/2021

10/26/2021

Round

Corporate Minority - P2P

Corporate Minority - P2P

Series B

Convertible Note - III

Unattributed

Company

Entrada Therapeutics

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Amount

$26M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

10

Vertex Pharmaceuticals Acquisitions

7 Acquisitions

Vertex Pharmaceuticals acquired 7 companies. Their latest acquisition was ViaCyte on July 11, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/11/2022

Series D

$99M

$341.6M

Acquired

9

5/25/2022

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$99M

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10

9/3/2019

Series B

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$99M

$99M

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10

6/6/2019

Series A

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$99M

$99M

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10

3/24/2017

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$99M

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10

Date

7/11/2022

5/25/2022

9/3/2019

6/6/2019

3/24/2017

Investment Stage

Series D

Series B

Series A

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$341.6M

$99M

$99M

Note

Acquired

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Sources

9

10

10

10

10

Vertex Pharmaceuticals Partners & Customers

10 Partners and customers

Vertex Pharmaceuticals has 10 strategic partners and customers. Vertex Pharmaceuticals recently partnered with Stablix on April 4, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

4/26/2023

Licensor

United States

Stablix, Vertex partner to develop targeted protein stabilisation therapies

Biopharmaceutical company Stablix and Vertex Pharmaceuticals have joined forces to discover and develop targeted protein stabilisation therapies .

1

4/25/2023

Licensor

United States

Stablix and Vertex Establish Strategic Collaboration to Discover and Develop Targeted Protein Stabilization Therapeutics

NEW YORK and BOSTON , April 25 , 2023 -- Stablix , Inc. , a biopharmaceutical company pioneering targeted protein stabilization as a novel therapeutic modality , today announced a strategic collaboration and license agreement with Vertex Pharmaceuticals Incorporated focused on discovering and developing novel RESTORAC ™ small molecules for TPS .

1

3/27/2023

Licensor

United States

Vertex and CRISPR Therapeutics Announce Licensing Agreement to Accelerate Development of Vertex's Hypoimmune Cell Therapies for the Treatment of Type 1 Diabetes

Vertex Pharmaceuticals Incorporated and CRISPR Therapeutics , Inc. today announced that they have entered into a new non-exclusive licensing agreement for the use of CRISPR Therapeutics , Inc. ' gene editing technology , known as CRISPR/Cas9 , to accelerate the development of Vertex Pharmaceuticals Incorporated 's hypoimmune cell therapies for type 1 diabetes .

10

3/1/2023

Licensor

United States

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10

1/11/2023

Licensor

United States

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10

Date

4/26/2023

4/25/2023

3/27/2023

3/1/2023

1/11/2023

Type

Licensor

Licensor

Licensor

Licensor

Licensor

Business Partner

Country

United States

United States

United States

United States

United States

News Snippet

Stablix, Vertex partner to develop targeted protein stabilisation therapies

Biopharmaceutical company Stablix and Vertex Pharmaceuticals have joined forces to discover and develop targeted protein stabilisation therapies .

Stablix and Vertex Establish Strategic Collaboration to Discover and Develop Targeted Protein Stabilization Therapeutics

NEW YORK and BOSTON , April 25 , 2023 -- Stablix , Inc. , a biopharmaceutical company pioneering targeted protein stabilization as a novel therapeutic modality , today announced a strategic collaboration and license agreement with Vertex Pharmaceuticals Incorporated focused on discovering and developing novel RESTORAC ™ small molecules for TPS .

Vertex and CRISPR Therapeutics Announce Licensing Agreement to Accelerate Development of Vertex's Hypoimmune Cell Therapies for the Treatment of Type 1 Diabetes

Vertex Pharmaceuticals Incorporated and CRISPR Therapeutics , Inc. today announced that they have entered into a new non-exclusive licensing agreement for the use of CRISPR Therapeutics , Inc. ' gene editing technology , known as CRISPR/Cas9 , to accelerate the development of Vertex Pharmaceuticals Incorporated 's hypoimmune cell therapies for type 1 diabetes .

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1

1

10

10

10

Vertex Pharmaceuticals Team

41 Team Members

Vertex Pharmaceuticals has 41 team members, including , .

Name

Work History

Title

Status

Stuart L. Schreiber

Founder

Current

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Name

Stuart L. Schreiber

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Work History

Title

Founder

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Status

Current

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