Vertex Pharmaceuticals Sues U.S. Department Of Health And Human Services Over Casgevy Gene Editing Therapy
Portfolio Pulse from Benzinga Newsdesk
Vertex Pharmaceuticals has filed a lawsuit against the U.S. Department of Health and Human Services regarding its Casgevy gene editing therapy.
July 15, 2024 | 5:00 pm
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NEGATIVE IMPACT
Vertex Pharmaceuticals has initiated legal action against the U.S. Department of Health and Human Services concerning its Casgevy gene editing therapy. This legal dispute could introduce uncertainty around the approval and commercialization of the therapy.
The lawsuit introduces legal uncertainty which could delay the approval and commercialization of Vertex's Casgevy gene editing therapy. This could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100