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Published on 6/30/2006 in the Prospect News Biotech Daily.

Vertex kept at market perform by JMP

JMP Securities analyst Adam Cutler maintained Vertex Pharmaceuticals, Inc. at market perform following the company's commercialization deal with Johnson & Johnson for VX-950 for hepatitis C virus. Vertex will get $165 million upfront and $380 million in milestones. Shares of the Cambridge, Mass.-based pharmaceutical company were up $4.68, or 14.61%, at $36.71 on volume of 15,111,702 shares versus the three-month running average of 1,682,130 shares. (Nasdaq: VRTX)


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