Vertex Reiterates FY24 Financial Guidance, Including Product Revenue Guidance Of $10.55B-$10.75B, Est $10.702B
Portfolio Pulse from Benzinga Newsdesk
Vertex Pharmaceuticals has reaffirmed its financial guidance for FY24, projecting product revenues in the range of $10.55 billion to $10.75 billion, aligning closely with the estimated $10.702 billion. This forecast includes anticipated growth in cystic fibrosis (CF) treatments and the launch of CASGEVY in its approved indications and geographies.

May 06, 2024 | 8:26 pm
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Vertex Pharmaceuticals maintains FY24 revenue outlook at $10.55B-$10.75B, reflecting confidence in CF treatments and CASGEVY launch.
Vertex's reaffirmation of its FY24 financial guidance, especially with a specific revenue range that matches analysts' expectations, signals strong confidence in its product pipeline and market strategy. The mention of continued growth in CF treatments and the launch of CASGEVY indicates potential for significant revenue contributions from these areas. This positive outlook is likely to instill investor confidence in Vertex's growth trajectory and operational execution, potentially leading to a short-term positive impact on its stock price.
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