Company Profile

Vertex Pharmaceuticals Inc
Profile last edited on: 6/5/24      CAGE: 4LQG8      UEI: Y4NLRU471XL7

Business Identifier: Structural biology and organic chemistry-based human therapies and drugs
Year Founded
1989
First Award
1990
Latest Award
2003
Program Status
Inactive
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Location Information

50 Northern Avenue
Boston, MA 02210
   (617) 444-6100
   strategicalliances@vrtx.com
   www.vrtx.com
Location: Single
Congr. District: 08
County: Suffolk

Public Profile

Vertex Pharmaceuticals (NASDAQ:VRTX) is engaged in the discovery, development and commercialization of novel, small molecule pharmaceuticals for the treatment of diseases for which there are currently limited or no effective treatments. The company uses structure-based drug design -- an approach to drug discovery that integrates advanced biology, biophysics and chemistry. Vertex is concentrating on the discovery and development of drugs for the treatment of viral diseases, multidrug resistance in cancer, autoimmune and inflammatory diseases, and neurodegenerative diseases. Vertex is developing human therapeutics through the integrated application of structure-based rational drug design. Vertex is using the latest advances in chemistry, biology and physics to design unique molecules based on the structural features of proteins involved in the control of disease processes. Vertex1s goal is to become a fully-integrated pharmaceutical firm by exploiting the advantages of rational drug design in the discovery and development of novel drugs. Vertex develops drugs that combat autoimmune, inflammatory, neurodegenerative, and viral diseases. FDA-approved Agenerase (amprenavir) is a treatment for the HIV virus and AIDS. Other Vertex drugs in various stages of development include two compounds for treament of cancer multidrug resistance and a treatment for autoimmune diseases. Vertex is developing experimental nerve drugs to combat symptoms of illnesses such as Parkinson's disease. Over the period of its existence the firm has put in place a range of working relationships with many of the major players in their space. In July 2022, it was announced that Vertex would acquire SBIR-involved firm ViaCyte in a $320M cash transaction

Extent of SBIR involvement

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Synopsis: Awardee Business Condition

Employee Range
500+
Revenue Range
Over 50M
VC funded?
Yes
Public/Private
Publicly Traded
Stock Info
NASDAQ : VRTX
IP Holdings
250-500

Awards Distribution by Agency

Most Recent SBIR Projects

Year Phase Agency Total Amount
2003 1 SOCOM $77,255
Project Title: Frequency Hopper/DSSS Detection
1993 2 NIH $550,000
Project Title: Human CDNA/Gene for an immunosuppressant binding protein
1992 1 NIH $50,000
Project Title: Non-viral, human T cell assay for HIV 1 protease
1992 2 NSF $349,556
Project Title: Crosslinked Enzyme Crystals as Catalysts in Organic Synthesis
1991 1 NIH $50,000
Project Title: Novel enzyme immobilization for biosensor applications

Key People / Management

  Jeffrey M Leiden -- Chairman, Chief Exec. Officer and Pres

  David Altshuler -- Chief Scientific Officer and Exec. VP of Global Research

  Stuart A Arbuckle -- Chief Commercial Officer and Exec. VP

  Vivian M Berlin

  Joshua S Boger -- Founder

  Lynne Brum -- Direc Corp Communications

  Jeffrey A Chodakewitz -- Chief Medical Officer and Exec. VP of Global Medicines Devel. & Medical Affairs

  Matthew Emmens -- Former President

  Manuel A Navia

  Debra A Peattie

  Truman Prevatt

  Vicki L Sato

  Ian F Smith -- Chief Financial Officer And Exec. Vp

  Michael S Su

  Roger D Tung

Company News

There are no news available.