Written by Ophir Gottlieb
PREFACE
Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) shares are plummeting today on rumors that the company is seeing an unexpected slowing of prescription refills during July and August according to a tweet sent out from Benzinga Pro.
STORY
Vertex Pharmaceuticals Incorporated had seen a nice run up in stock price from lows made in March, as the stock rose from just below $76 to $103 in just six months. Today, however, although the news has not been confirmed as of yet, it appears that run has come to an end. The Benzinga Pro tweet is one of several sources noting that the company has seen an unexpected slowdown in sales and the stock price has dropped nearly 6% in an abrupt intraday day move.
In a tweet sent out by Twitter verified account @adamfeuerstein, we also got this news:
$VRTX -6% on management walking back expectations for Orkambi Q3 sales. Orkambi refills lagged over summer.
As of 9:55am PST, this is how the one minute intraday stock chart looks:
Note that this rumor surfaced well after the market's open.
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