"Vertex's Non-Opioid Painkiller Triumphs in Midstage Trial, Shares Surge"

1 min read
Source: CNBC
"Vertex's Non-Opioid Painkiller Triumphs in Midstage Trial, Shares Surge"
Photo: CNBC
TL;DR Summary

Shares of Vertex Pharmaceuticals surged after positive midstage trial results showed that the company's painkiller, VX-548, significantly reduced pain in diabetes patients with chronic nerve conditions. The drug aims to provide strong pain relief without the addictive potential of opioids, and analysts believe it could become a blockbuster drug with annual sales exceeding $1 billion. Vertex is now working to advance the drug to a late-stage trial and is also testing it for acute pain. The stock rose 10% following the trial data release and has gained nearly 40% this year.

Share this article

Reading Insights

Total Reads

0

Unique Readers

3

Time Saved

2 min

vs 3 min read

Condensed

84%

55591 words

Want the full story? Read the original article

Read on CNBC