BIT 4.00% 2.6¢ biotron limited

vertex hcv $1 billion this year

  1. 2,313 Posts.
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    Given this, I am very comfortable that BIT225 has potential exposure to this market..

    (http://www.forbes.com/sites/matthewherper/2011/08/19/could-vertex-sell-1-billion-of-its-hepatitis-c-drug-this-year/)

    "Vertex Pharmaceuticals has been going up against drug giant Merck in a marketing battle to treat hepatitis C ? and so far it?s winning in a big way.

    Despite a partnership with Roche, one of the traditional leaders in the hepatitis C market, Vertex?s Incivek is being prescribed four times as often as Merck?s Victrelis, analysts say. This morning, Geoffrey Porges of Sanford C. Bernstein, a Vertex bull, wrote in a note to investors that Incivek is doing even better than they think.

    Porges says that if prescriptions of Incivek were to stop growing entirely, the drug would still generate 2011 sales of $725 million, still slightly above the $700 million average of forecasts by Wall Street analysts. If growth rapidly slows, Incivek will still generate $900 million. If sales keep growing at their current rate, he says that Incivek sales could hit $1.2 billion ? impressive given that the medicine was only approved this year."

    bluebush

 
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