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Vertex Pharmaceuticals Q3 revenues up 35%; net income up 56%; Orkambi sales up 79%

  • Vertex Pharmaceuticals (NASDAQ:VRTX) Q3 results ($M): Total Revenues: 413.8 (+33.6%); Product Revenues: 409.7 (+35.4%).
  • Net Income: (41.8) (+56.0%); Non-GAAP Net Income: 40.1 (+225.7%); EPS: (0.17) (+56.4%); Non-GAAP EPS: 0.16 (+223.1%).
  • Key Product Sales: ORKAMBI: 234.0 (+78.6%); KALYDECO: 175.6 (+5.8%).
  • 2016 Guidance: ORKAMBI Sales: $950M - 990M (unchanged from September update but lower than previous outlook of $1.0B - 1.1B); KALYDECO Sales: $685M - 705M (unch).

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Vertex Pharmaceuticals Incorporated