New Vertex Pharmaceuticals (MA) Hepatitis Drug Shines Out of Gate, Beats Forecasts

Vertex Pharmaceuticals is off to a running start with its new hepatitis C drug. The Cambridge company said yesterday that it generated $74.5 million in sales of telaprevir in the quarter that ended June 30. That’s an especially big number as far as pharmaceutical rollouts go; Wall Street analysts were expecting about $31 million. The drug was first cleared for sale by the Food and Drug Administration on May 23. The product has shown in clinical trials that when it is added to a couple of standard treatments, it can double the cure rate to about 80 percent of patients, while cutting the course of treatment in half, to about six months.

MORE ON THIS TOPIC