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Sydney Draper

Risk of innovation is a big driver of high drug costs

Developing new drugs is a high-stakes gamble. National Institutes of Health data shows that more than 95% of drugs fail during development, and only...

Vertex Pharmaceuticals to lay off 125 R.I. employees

PROVIDENCE – Vertex Pharmaceuticals Inc. is laying off 125 people in Rhode Island, according to a WARN notice filed with the R.I. Department of...
VERTEX HAS entered into an agreement to purchase Semma Therapeutics for $950 million in cash.

Vertex to acquire Semma Therapeutics

PROVIDENCE – Vertex Pharmaceuticals Inc. has entered into an agreement to acquire Semma Therapeutics for $950 million in cash, the companies announced Tuesday. Both companies...
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