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>> VERTEX Latest News

OCT 29, 2013 - Yahoo! News

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Vertex cuts jobs, forecast as hepatitis C drug sales plunge

(Reuters) - Vertex Pharmaceuticals Inc lowered its full-year revenue forecast and said it would cut about 370 jobs after sales of its hepatitis C drug plunged in the third quarter. Vertex said it would incur a restructuring charge of about $35 million to $45 million in 2013 related to the job cuts. The company's hepatitis C drug, Incivek, was hugely popular when it was launched in 2011. However, sales peaked within months and have tumbled since as patients wait for new drugs that do not need to be taken with the injected drug interferon, which causes flu-like symptoms. ...

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