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Vertex Plays Defense In CF With Concert Deal

 
• By Lucie Ellis-Taitt

Vertex is spending $160m to acquire Concert's "enhanced" version of its own blockbuster cystic fibrosis treatment Kalydeco, known as CTP-656, in a defensive move that could allow the company to simplify its dosing regimens and differentiate its products against future competition.

Cystic fibrosis word cloud

Vertex Pharmaceuticals Inc. has acquired worldwide development and commercialization rights to Concert Pharmaceuticals Inc.'s edited version of its own market-changing cystic fibrosis therapy Kalydeco (ivacaftor) in a move to defend its market-leading CF portfolio.

The transaction takes away Concert's rights to its lead development program, but the deal is transformative for the company in another important way: Concert will use the proceeds to finance its operations into

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