FDA Slams Brakes on Hep-C Drug
It has been a rough five days for Vertex Pharmaceuticals. The FDA placed a partial clinical hold on a key next-generation hepatitis-C drug at the end of last week, and this week's second-quarter earnings were a mixed bag, sending shares lower still.
In this video, health-care analyst David Williamson focuses on VX-135's clinical hold and why investors should be concerned given the drug class' checkered history, but ultimately why it doesn't damage the real reason for owning shares of Vertex.
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The article FDA Slams Brakes on Hep-C Drug originally appeared on Fool.com.David Williamson owns shares of Johnson & Johnson. The Motley Fool recommends Gilead Sciences, Johnson & Johnson, and Vertex Pharmaceuticals and owns shares of Johnson & Johnson. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.