Vertex quarterly loss narrows

Related Topics

NEW YORK, July 31 | Thu Jul 31, 2008 4:27pm EDT

NEW YORK, July 31 (Reuters) - Vertex Pharmaceuticals Inc (VRTX.O) reported a smaller second-quarter loss on Thursday on higher collaboration revenue and lower costs associated with development of its experimental hepatitis C drug.

The Cambridge, Massachusetts-based biotechnology company posted a net loss of $91.3 million, or 66 cents per share, compared with a loss of $117.8 million, or 91 cents per share, a year ago. (Reporting by Bill Berkrot, editing by Leslie Gevirtz)

Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.