CAMBRIDGE, Mass., Sept. 11 /PRNewswire-FirstCall/ -- Vertex
Pharmaceuticals Incorporated (Nasdaq: VRTX) today announced plans to offer
8,000,000 shares of its newly issued common stock in an underwritten public
offering. Vertex also expects to grant the underwriters a 30-day option to
purchase additional shares to cover over-allotments, if any.
Merrill Lynch, Pierce, Fenner & Smith Incorporated is acting as sole
book-runner, with Morgan Stanley & Co. Incorporated as joint lead manager
and UBS Securities LLC as co-manager in this offering.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws
of any such state. A shelf registration statement relating to the shares of
common stock that the Company intends to sell has been filed with the
Securities and Exchange Commission. Any offer of shares of common stock
will be made only by means of a prospectus, including a prospectus
supplement, forming a part of the effective registration statement. A copy
of the prospectus can be obtained from Merrill Lynch's prospectus
department, at 4 World Financial Center, New York, NY 10080, 212-449-1000.
About Vertex
Vertex Pharmaceuticals Incorporated is a global biotechnology company
committed to the discovery and development of breakthrough small molecule
drugs for serious diseases. The Company's strategy is to commercialize its
products both independently and in collaboration with major pharmaceutical
companies. Vertex's product pipeline is principally focused on viral
diseases, inflammation, autoimmune diseases, cancer, pain and bacterial
infection. Vertex co-discovered the HIV protease inhibitor, Lexiva, with
GlaxoSmithKline.
Lexiva is a registered trademark of the GlaxoSmithKline group of
companies.
Vertex's press releases are available at http://www.vrtx.com
Vertex Contacts:
Lynne H. Brum, VP, Strategic Communications, (617) 444-6614
Michael Partridge, Director, Corporate Communications, (617) 444-6108
Lora Pike, Manager, Investor Relations, (617) 444-6755
SOURCE Vertex Pharmaceuticals Incorporated
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Related links:
http://www.vrtx.com/
http://www.prnewswire.com/comp/938395.html /
CONTACT:
Lynne H. Brum, VP, Strategic Communications,
+1-617-444-6614, or Michael Partridge, Director, Corporate
Communications, +1-617-444-6108, or Lora Pike, Manager, Investor
Relations, +1-617-444-6755, all of Vertex Pharmaceuticals
Incorporated
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