Vertex Pharmaceuticals Inc.
Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) is a company that discovers and develops small-molecule drugs for the treatment of serious diseases. Its key drugs are Kalydeco, Orkambi, Symdeko, and Trikafta for cystic fibrosis, where Vertex therapies remain the standard of care globally.
Key highlights
Source: Company Reports
Source: Company Reports
Source: Refinitiv (Thomson Reuters)
Financial overview of Q1 2021 (in thousands of USD)
Source: Company
Risks associated with Investment
The Company's income depends upon the results of the clinical trial and the subsequent approval of trials. There is a chance of cancellation of the drug approval, which might result in the commencement of new clinical activities and require more funds and delay the launch's timeline.
Valuation Methodology (Illustrative): EV to EBITDA
Note: All forecasted figures and peers have been taken from Thomson Reuters
1-Year Price Chart (as on May 6, 2021). Source: Refinitiv (Thomson Reuters)
Stock recommendation
The first quarter continued to make significant progress towards its goal that all eligible patients have access to and can benefit from CFTR modulators. The company also delivered strong revenue and earnings growth. The group is significantly progressing across its broad pipeline, including the advancement of VX-548 to Phase 2 in acute pain, initiation of the Phase 1/2 clinical trial with VX-880 in type 1 diabetes and completion of enrollment and dosing in Phase 2 proof-of-concept study with the AAT corrector, VX-864. Furthermore, the recent amendment of its agreement with CRISPR Therapeutics for the CTX001 program further enhances its leadership position in cell and genetic therapies. The group looks forward to completing the ongoing trials for CTX001 sickle cell disease and beta-thalassemia this year. Therefore, based on the above rationale and valuation, we recommend a "Buy" rating on the stock at the closing price of USD 213.16 as of May 6, 2021. We have considered Neurocrine Biosciences Inc, Incyte Corp, etc., as the peer group for the comparison.
Paysafe Limited
Paysafe Limited (NYSE: PSFE) is a leading specialized payments platform, which enables businesses and consumers to connect and transact flawlessly through payment processing, digital wallet, and online cash solutions. The platform is used by ~5 million people across more than 120 countries.
Key Updates
Source: Company Presentation
FY20 Financial Highlights:
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