VERTEX PHARMACEUTICALS INC MA
For the period ended Jun 30, 2024. Filed Aug 2, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 2, 2024
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2024-03-31; filed 2024-05-07.
0000875320-24-000139
Item 1A. Risk FactorsCurrent report: 10-Q
Period ended 2024-06-30; filed 2024-08-02.
0000875320-24-000198
Item 1A. Risk FactorsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 27 previous paragraphs and 26 current paragraphs.
23 unchanged; 3 reworded; 0 added; 1 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Removed paragraphs (1)
Previous report
•our expectations, plans and anticipated timeline for the pending Alpine acquisition, including regarding Alpine’s business and operations, and the therapeutic scope of and the potential benefits of povetacicept, our beliefs regarding povetacicept’s target patient population and our beliefs regarding the clinical progress and availability of clinical data from the current Alpine pipeline;
Reworded paragraphs (3)
Previous wording
We may be unable to complete the pending strategic acquisition of Alpine or successfully integrate Alpine’s business which could adversely affect our business and financial condition.
Current wording
We may be unable to successfully integrate Alpine’s business which could adversely affect our business and financial condition.
Previous wording
Our inability to complete the pending acquisition of Alpine or to successfully integrate this new acquisition could have a material adverse effect on our business. Our ability to execute on our long-term strategy depends in part on our ability to engage in transactions and collaborations with other entities that add to our pipeline or provide us with new commercial opportunities. We may continue to seek attractive opportunities to acquire businesses, enter into collaborations and make other investments that are complementary to our existing strengths. There are no assurances, however, that any strategic acquisition opportunities will arise or, if they do, that they will be consummated. The pending Alpine acquisition may be difficult to complete for a number of reasons, including the need to satisfy customary closing conditions, the need for antitrust and/or other regulatory approvals, as well as potential disputes or litigation that may arise. Our realization of the value from the pending acquisition of Alpine relies on successful integration and continued operations. We may not be able to integrate Alpine’s business successfully into our existing business, make Alpine’s business profitable, retain key employees or realize anticipated cost savings or synergies, if any, from this pending acquisition, which could adversely affect our business and financial condition. Further, our ongoing business may be disrupted, and our management's attention may be diverted by the pending Alpine acquisition, transition and/or integration activities.
Current wording
Our inability to successfully integrate Alpine could have a material adverse effect on our business. Our realization of the value from the acquisition of Alpine relies on successful integration, continued operations of the Alpine business and continued successful development of the pipeline products and candidates that we acquired. We may not be able to make Alpine’s business profitable, retain key employees or realize anticipated cost savings or synergies, if any, from this acquisition, which could adversely affect our business and financial condition.
Previous wording
•our plans to expand, strengthen, and invest in our global supply chains and manufacturing infrastructure and capabilities, including for cell and gene therapies; and
Current wording
•our plans to build and maintain our global supply chains and manufacturing infrastructure and capabilities, including for cell and gene therapies; and