Emma Zgonc January 19, 2021. Vertex Pharmaceuticals Incorporated recently announced the completion of its acquisition of Aurora Biosciences Corporation. Vertex Pharmaceuticals had a return on equity of 28.55% and a net margin of 38.51%. Article COVID-19 Pandemic deals blow to former Celgene shareholders. For company updates and to learn more about Vertex's history of innovation, visit www.vrtx.com or follow us on Facebook, Twitter, LinkedIn, YouTube and Instagram. “We are excited to work with the talented scientists at Semma to build on their significant progress toward providing effective and potentially curative cell therapy options for people living with type 1 diabetes. Vertex Pharmaceuticals has acquired 3 organizations. BOSTON & CAMBRIDGE, Mass.--(BUSINESS WIRE)--Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) today announced that the company has entered into a definitive agreement under which Vertex will acquire Semma Therapeutics, a privately held biotechnology company pioneering the use of stem cell-derived human islets as a potentially curative treatment for type 1 diabetes, for $950 million in cash. Vertex Pharmaceuticals’ chief executive officer Reshma Kewalramani pictured above. The company’s diabetes focus is built on a $1 billion acquisition of Semma Therapeutics in 2019. Vertex Pharmaceuticals - Get Report will be weighing future acquisitions and partnerships to broaden is focus beyond cystic fibrosis. Vertex Pharmaceuticals Incorporated recently announced the completion of its acquisition of Aurora Biosciences Corporation. Vertex Pharmaceuticals' $950 Million Bet on Curing Type 1 Diabetes Could Have an Astronomical Payoff The biotech just announced a potentially game-changing acquisition. Beyond CF, Vertex has a robust pipeline of investigational medicines in other serious diseases where it has deep insight into causal human biology, such as sickle cell disease, beta thalassemia, pain, alpha-1 antitrypsin deficiency, Duchenne muscular dystrophy and APOL1-mediated kidney diseases. Also, Dr. Melton will continue in his role as Chair of Semma’s Scientific Advisory Board and provide oversight and guidance on the research and development of the programs. BOSTON--(BUSINESS WIRE)-- Vertex Pharmaceuticals Incorporated (Nasdaq: VRTX) today announced that it has signed a definitive asset purchase agreement to acquire CTP-656 from Concert Pharmaceuticals (Nasdaq: CNCE). “CureDuchenne believed in the science and our team early on and enabled Exonics to show significant proof of principle for gene editing in Duchenne. Love your job. We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them. Vertex Pharmaceuticals has acquired 5 companies, including 3 in the last 5 years. -Semma’s unique investigational approach combines robust production process of pancreatic islet cells with proprietary delivery system to restore insulin secretion in type 1 diabetes patients-, -Semma to be acquired for $950 million in cash-. Article COVID-19 Pandemic deals blow to former Celgene shareholders. In June 2019, Vertex announced the establishment of a new research site in the Boston area where research, development, and clinical manufacturing for cell and genetic therapies will be primarily based. Vertex is a global biotechnology company that invests in scientific innovation to create transformative medicines for people with serious diseases. On Monday, at the virtual JP Morgan Healthcare Conference, Vertex Pharmaceuticals’ chief executive officer Reshma Kewalramani said the company is looking to buy “mid- and late-stage assets.”. SVB Leerink analyst G. Porges now forecasts that the pharmaceutical company will post earnings of $9.32 per share for the year, up from their prior estimate of $9.03. “Vertex has a proven track record of serial innovation and a deep commitment to developing transformative therapies for patients in need. M&A research that takes seconds (not all afternoon), Better understand your customers and prospects. Vertex acquisition of Semma Therapeutics: US biotechnology company Vertex Pharmaceuticals has agreed to acquire privately-held biotechnology company Semma Therapeutics for $950 million in cash, as per the latest pharma acquisition news.. www.vrtx.com. Vertex Pharmaceuticals, Inc. is a global biotechnology company that aims to discover, develop and commercialize innovative new medicines so people with serious diseases can lead better lives. We work with leading researchers, doctors, public health experts and other collaborators who share our vision for transforming the lives of people with serious diseases, their families and society. Unlike insulin injections and insulin pumps, islet cell transplantation can provide physiologic regulation of blood glucose thereby potentially ameliorating or preventing both the hyperglycemic and hypoglycemic episodes associated with the current standards of care,” said David Altshuler, M.D., Ph.D., Executive Vice President, Global Research and Chief Scientific Officer of Vertex. or Under the terms of the acquisition, Vertex will acquire all outstanding shares of Semma for $950 million in cash, and Semma will become a separate operating subsidiary of Vertex. BOSTON & CAMBRIDGE, Mass.--(BUSINESS WIRE)--Sep. 3, 2019-- Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) today announced that the company has entered into a definitive agreement under which Vertex will acquire Semma Therapeutics, a privately held biotechnology company pioneering the use of stem cell-derived human islets as a potentially curative treatment for type 1 … Vertex Pharmaceuticals (NASDAQ:VRTX) last released its earnings results on Thursday, October 29th. Both the pharma companies are based in Massachusetts. As Manager of Talent Acquisition, Karen Biscoe is responsible for the planning, development, and implementation of all of VERTEX’s talent acquisition strategies, both external and internal candidate engagement, and pipeline development. Founded in 1989 in Cambridge, Mass., Vertex's global headquarters is now located in Boston's Innovation District and its international headquarters is in London, UK. Get hired. It has also divested 2 assets. Talent Acquisition Manager at Vertex Pharmaceuticals London. Being a part of Vertex will allow the Semma team to rapidly and effectively advance our cell therapy and delivery approaches to patients who need them.”, “Semma was founded to dramatically improve the lives of patients with type 1 diabetes,” said Douglas Melton, Ph.D., Scientific Founder of Semma. Move over, Sarepta Therapeutics, Solid Biosciences, PTC Therapeutics and Pfizer. This breakthrough technology has been exclusively licensed to Semma for the development of a cell-based therapy for diabetes. Search job openings, see if they fit - company salaries, reviews, and more posted by Vertex Pharmaceuticals employees. 50 Northern Avenue, Vertex Pharmaceuticals closed up 0.285 at 229.665. The FDA hasn’t made a decision yet, but Kewalramani said they expect it to get the greenlight this year. Additionally, the company has research and development sites and commercial offices in North America, Europe, Australia and Latin America. Lucie Gower. mediainfo@vrtx.com, Semma Media Contact: United States, The company is focused on advancing Dr. Melton’s method of generating billions of functional, insulin-producing beta cells grown from stem cells in the laboratory, which develop in islet-like clusters. Eric Rojas, 617-961-7205 Vertex is committed to equal employment opportunity and non-discrimination for all employees and qualified applicants without regard to a person's race, color, sex, gender identity or expression, age, religion, national origin, ancestry, ethnicity, disability, veteran status, genetic information, sexual orientation, marital status, or any characteristic protected under applicable law. Vertex will provide any appropriate updates to its current 2019 financial guidance in conjunction with its third quarter 2019 earnings release or upon closing the transaction, whichever occurs later. Vertex Pharmaceuticals, Inc. is an American biopharmaceutical company based in Boston, Massachusetts. Find Vertex Pharmaceuticals Talent acquisition manager jobs on Glassdoor. Josh Hazael. It maintains headquarters in South Boston, Massachusetts, and three research facilities, in San Diego, California, and Milton Park, near Oxford, England. The company has three approved medicines that treat the underlying cause of cystic fibrosis (CF) - a rare, life-threatening genetic disease - and has several ongoing clinical and research programs in CF. These data were presented in a plenary session at the International Society for Stem Cell Research (ISSCR) in June 2019. Elliot Fox, W2O Group efox@w2ogroup.com. Semma was founded by Douglas Melton, Ph.D. and others to develop transformative therapies for patients who currently depend on insulin injections. BOSTON--(BUSINESS WIRE)-- Vertex Pharmaceuticals Incorporated (Nasdaq: VRTX) today announced that it has signed a definitive asset … Join Mergr and gain access to Vertex Pharmaceuticals’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the life science sector. Vertex Pharmaceuticals’ largest acquisition to date was in 2019, when it acquired Exonics Therapeutics for $1.0B. By analyzing existing cross correlation between Vertex Pharmaceuticals Incorpor and Greenrose Acquisition Corp, you can compare the effects of market volatilities on Vertex Pharmaceuticals and Greenrose Acquisition and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. To date, Semma’s cell therapy approach is the only islet cell transplantation program to have demonstrated both positive c-peptide release (a marker of insulin secretion), as well as positive glycemic control of experimentally induced diabetes. The US regulator has said a submission from Bristol Myers Squibb for lisocabtagene maraleucel (liso-cel) will be delayed. In addition, the acquisition of Semma continues to expand the Vertex toolbox of cutting edge technologies and capabilities, and bolsters our team of leading scientists.”, “Type 1 diabetes is a disease that afflicts millions of people worldwide and has no curative therapies available,” said Bastiano Sanna, Ph.D., President and Chief Executive Officer of Semma. Vertex acquisition of Semma Therapeutics: US biotechnology company Vertex Pharmaceuticals has agreed to acquire privately-held biotechnology company Semma Therapeutics for $950 million in cash, as per the latest pharma acquisition news.. 0 Comments. Semma has demonstrated a differentiated approach to treat type 1 diabetes, a serious disease affecting over one million people in the United States alone. The Author. Implantation of the islet cell-filled device has the potential to replace the missing beta cells in a diabetic patient without requiring patient immunosuppression. On Thursday, after markets closed, the company announced $420 million in deals. Semma recently announced the achievement of preclinical proof-of-concept for these two lead programs based on data in which they tested human stem cell-derived islets (SC-islets) in both non-human primates and pigs. The transaction was completed today after Vertex and Aurora shareholders voted to approve the merger agreement at special meetings held at Vertex… Under the terms of the acquisition, Vertex will acquire all outstanding shares of Semma for $950 million in cash, and Semma will become a separate operating subsidiary of Vertex. Vertex is committed to equal employment opportunity and non-discrimination for all employees and qualified applicants without regard to a person's race, color, sex, gender identity or expression, age, religion, national origin, ancestry, ethnicity, disability, veteran status, genetic information, sexual orientation, marital status, or any characteristic protected under applicable law. 617-341-6992 The company’s diabetes focus is built on a $1 billion acquisition of Semma Therapeutics in 2019. Vertex Pharmaceuticals, Inc. is an American biopharmaceutical company based in Boston, Massachusetts.It was one of the first biotech firms to use an explicit strategy of rational drug design rather than combinatorial chemistry.It maintains headquarters in South Boston, Massachusetts, and three research facilities, in San Diego, California, and Milton Park, near Oxford, England By analyzing existing cross correlation between Vertex Pharmaceuticals Incorpor and Leisure Acquisition Corp, you can compare the effects of market volatilities on Vertex Pharmaceuticals and Leisure Acquisition and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. “This acquisition aligns perfectly with our strategy of investing in scientific innovation to create transformative medicines for people with serious diseases in specialty markets,” said Jeffrey Leiden, M.D., Ph.D., Chairman, President and Chief Executive Officer of Vertex. Vertex Pharmaceuticals is a biotechnology company committed to the discovery and development of breakthrough small molecule drugs for serious diseases. Marcus Collins Cell & Gene Therapy Talent Acquisition Specialist at Vertex Pharmaceuticals Raleigh-Durham-Chapel Hill Area 500+ connections It was one of the first biotech firms to use an explicit strategy of rational drug design rather than combinatorial chemistry. “Their compelling proof-of-concept data in animals demonstrates the opportunity to develop transformative and potentially curative therapies to treat people with type 1 diabetes. Vertex Pharmaceuticals closed up 0.285 at 229.665. Dr. Sanna will join Vertex as President of Semma. Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) – Equities researchers at SVB Leerink raised their FY2020 EPS estimates for Vertex Pharmaceuticals in a research note issued on Tuesday, January 19th. 29 Vertex Pharmaceuticals Talent acquisition manager jobs, including salaries, reviews, and other job information posted anonymously by Vertex Pharmaceuticals Talent acquisition manager employees. Vertex Pharmaceuticals is looking to acquire “mid- and late-stage assets” to bolster its current research pipeline, CEO Reshma Kewalramani said … Vertex's product pipeline is focused on viral diseases, +1 212-257-6724 Predictions for 2021 from Novartis Pharmaceutical Facing aggressive price cuts at home, Chinese biotechs must go global Biotechnology Pricing, Policy, Regulation or Vertex creates new possibilities in medicine to cure diseases and improve people's lives. Vertex Pharmaceuticals, which dominates the cystic fibrosis drug market, has just entered the multibillion-dollar race to find effective treatments — and maybe even cures — for two other rare diseases: Duchenne muscular dystrophy (DMD) and myotonic dystrophy type 1 (DM1). We see a substantial opportunity to transform the treatment paradigm for type 1 diabetes, a specialty disease cared for by endocrinologists, both by advancing the development and manufacturing of the cells themselves, as well as through the highly innovative cell/device combination.”, “The therapeutic approach pioneered by Semma has the potential to address the causal human biology of type 1 diabetes, a serious disease inadequately controlled by existing therapies. Royalty Pharma plc closed its agreement to acquire the residual royalty interest in Vertex Pharmaceuticals, Inc.’s cystic fibrosis treatments owned by the Cystic Fibrosis Foundation. Vertex Pharmaceuticals story: Acquisition by Mckenzie Diana of 121 shares of Vertex Pharmaceuticals subject to Rule 16b 3 and other headlines for Vertex Pharmaceuticals Stem Cell Research Associate: Vertex Pharmaceuticals. This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including, without limitation, Dr. Leiden’s statements in the second paragraph of the press release, Dr. Altshuler’s statements in the third paragraph of the press release, Dr. Sanna’s statements in the fourth paragraph of the press release, Dr. Melton’s statements in the fifth paragraph of the press release, and statements regarding the timing of the potential closing of the transaction and the potential benefits of the acquisition. The Company's strategy is to commercialize its products both independently and in collaboration with major pharmaceutical companies. The agreement includes an upfront payment of $575 million and a potential milestone payment of $75 million. Initial preclinical work in animal models of diabetes has shown that transplantation of these cells by infusion into the liver is sufficient to control blood glucose levels. -Vertex to develop CTP-656 for potential use in future combination regimens aimed at treating the underlying cause of CF--Concert to receive $160 million in cash with potential for $90 million in future regulatory approval milestone payments-. Zach Barber, 617-341-6470, Vertex Media Contact: Vertex Pharmaceuticals has had 1 exit, which was Kymera Therapeutics. Both the pharma companies are based in Massachusetts. The transaction was completed today after Vertex and Aurora shareholders voted to approve the merger agreement at special meetings held at Vertex's and Aurora's headquarters. Vertex disclaims any obligation to update the information contained in this press release as new information becomes available. The Boston-based company is coming off a busy December 2020. 28 Vertex Pharmaceuticals Talent acquisition manager jobs. In depth view into Vertex Pharmaceuticals Net Divestitures (Acquisitions) (Quarterly) including historical data from 1991, charts, stats and industry comps. Analysts are cheering a new acquisition by Vertex Pharmaceuticals to jump start its gene-therapy program. To Olson, the acquisition of Exonics by Vertex is a sign that this preliminary data has a real chance of being translated into clinical use to improve the lives of people with DMD. The pharmaceutical company reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.68. Vertex Pharmaceuticals chairman, president and CEO Jeffrey Leiden said: “Through the expanded collaboration with CRISPR and the acquisition of Exonics, we are bringing together the intellectual property, technologies, and scientific expertise needed to establish a leading gene-editing platform for DMD and DM1.” The US regulator has said a submission from Bristol Myers Squibb for lisocabtagene maraleucel (liso-cel) will be delayed. Vertex is consistently recognized as one of the industry's top places to work, including nine consecutive years on Science magazine's Top Employers list and top five on the 2019 Best Employers for Diversity list by Forbes. Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) today announced that the company has entered into a definitive agreement under which Vertex will acquire Semma Therapeutics, a privately held biotechnology company pioneering the use of stem cell-derived human islets as a potentially curative treatment for type 1 diabetes, for $950 million in cash. Vertex Pharmaceuticals has acquired in 2 … Vertex Pharmaceuticals was founded in 1989 and is based in Boston, Massachusetts. Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) to acquire Semma Therapeutics to develop curative cell-based treatments for type 1 diabetes. Vertex Pharmaceuticals annual net acquisitions/divestitures for 2019 were $-1.154B, a INF% decline from 2018. The Company's strategy is to commercialize its products both independently and in collaboration with major pharmaceutical companies. Vertex Pharmaceuticals has acquired in 2 different US states, and 2 countries. Boston, Massachusetts 02210 It’s largest disclosed sale occurred in 2013, when it sold INCIVO to Janssen Pharmaceuticals for $152M. While Vertex believes the forward-looking statements contained in this press release are accurate, these forward-looking statements represent Vertex's beliefs only as of the date of this press release and there are a number of factors that could cause actual events or results to differ materially from those indicated by such forward-looking statements. Semma is working to bring this new therapeutic option to the clinic and improve the lives of patients with diabetes. Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone. Their most recent acquisition was Semma Therapeutics on Sep 3, 2019. Heather Nichols Vertex Special Note Regarding Forward-Looking Statements. Vertex Investor Contacts: In addition to pursing direct intra-hepatic transplantation of these islet cells, ongoing research at Semma is focused on combining these proprietary cells with a state-of-the-art cell device and immune protection strategy that can protect these cells from the patient’s immune system and allow the beta cells to function as they do in non-diabetic individuals. Vertex Pharmaceuticals had a return on equity of 28.55% and a net margin of 38.51%. Vertex Pharmaceuticals (NASDAQ:VRTX) last released its earnings results on Thursday, October 29th. (617) 341-6100 Semma has made two major scientific advances: the ability to produce large quantities of functional human pancreatic beta cells that restore insulin secretion and ameliorate hypoglycemia in animal models and a novel device that encapsulates and protects these cells from the immune system, enabling durable implantation without the need for ongoing immunosuppressive therapy. Those risks and uncertainties include, among other things, the transaction is subject to certain conditions, including the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, Vertex may not realize the potential benefits of the acquisition, and the other risks listed under Risk Factors in Vertex's annual report and quarterly reports filed with the Securities and Exchange Commission and available through the company's website at www.vrtx.com. It’s largest disclosed sale occurred in 2013, when it sold INCIVO to Janssen Pharmaceuticals for $152M. The Company’s most targeted sectors include life science (100%). Vertex Pharmaceuticals - Get Report will be weighing future acquisitions and partnerships to broaden is focus beyond cystic fibrosis. The pharmaceutical company reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.68. The companies anticipate the acquisition will close in the fourth quarter of 2019, subject to certain conditions, including the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and other customary conditions. “Vertex is ideally suited to accelerate the achievement of this goal.”. Hannah Pullen. 5 Things to Expect for Vertex Pharmaceuticals in 2019 CEO Jeff Leiden told the audience at the J.P. Morgan Healthcare Conference exactly what the biotech plans to achieve this year. Vertex Pharmaceuticals’ largest acquisition to date was in 2019, when it acquired Exonics Therapeutics for $1.0B. Photo courtesy of Vertex. Vertex's product pipeline is focused on viral diseases, Hannah Pullen Senior Project Coordinator at mdgroup Bracknell. Michael Partridge, 617-341-6108 Vertex Pharmaceuticals announced Tuesday that it plans to acquire an ambitious startup for $950 million, betting the company’s early-stage science could lead … Vertex Pharmaceuticals is a biotechnology company committed to the discovery and development of breakthrough small molecule drugs for serious diseases. The FDA hasn’t made a decision yet, but Kewalramani said they expect it to get the greenlight this year. Vertex Pharmaceuticals chairman, president and CEO Jeffrey Leiden said: “Through the expanded collaboration with CRISPR and the acquisition of Exonics, we are bringing together the intellectual property, technologies, and scientific expertise needed to … Josh Hazael Customer Care Account Analyst Addlestone. Vertex Pharmaceuticals net acquisitions/divestitures for the twelve months ending September 30, 2020 were $-1.154B, a 369.53% increase year-over-year. 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