Vertex Pharmaceuticals Authorizes $4 Billion In Additional Share Repurchases

Dow Jones

2025/05/20

By Roshan Fernandez

Vertex Pharmaceuticals has authorized an additional share repurchase program of up to $4 billion.

The program does not have an expiration date and can be discontinued at any time, the Boston-based company said.

The biotechnology company in 2023 authorized a program to repurchase up to $3 billion in stock. As of this week, about $775 million remained in that program. The newly authorized program will add to that total.

Write to Roshan Fernandez at roshan.fernandez@wsj.com

(END) Dow Jones Newswires

May 19, 2025 16:55 ET (20:55 GMT)

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