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Vertex to merge with biotechnology company ViaCyte for US$320M, with ViaCyte to become wholly-owned subsidiary of Vertex upon completion of deal; ViaCyte developing novel stem cell therapies as possible cure for type 1 diabetes

FDA lifts clinical hold on Phase1/2 study of Vertex Pharma's stem cell-derived VX-880 injectable therapy to treat type 1 diabetes; trial reopening for screening, enrollment, dosing at sites in US

Vertex reports Q1 GAAP net income up 17% from a year ago to US$762.0M, revenues up 22% year-over-year to US$2.1B, driven by Trikafta cystic fibrosis drug, with Health Canada approving drug for children 6-to-11 years of age; US sales up 9% year-over-year

FDA suspends early-stage clinic trial of Vertex’s VX-880 stem-cell therapy to potentially cure type 1 diabetes for ‘insufficient information’ to approve increased dose in tests; Vertex hopes continuing studies in Canada will assuage FDA concerns

Health Canada grants marketing authorization for Vertex’s oral Trikafta elexacaftor 50 mg/tezacaftor 25 mg/ivacaftor 37.5 mg and ivacaftor 75 mg to treat cystic fibrosis in kids 6-11 years old; CF affects about 500 kids in Canada, 83,000 people globally

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