Vertex Pharmaceuticals Incorporated
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PART I
ITEM 1.BUSINESS
OVERVIEW
We are a global biotechnology company that invests in scientific innovation to create transformative medicines for
people with serious diseases, with a focus on specialty markets. We have approved medicines for cystic fibrosis (“CF”),
sickle cell disease (“SCD”), transfusion dependent beta thalassemia (“TDT”), and acute pain, and we continue to serially
innovate and advance next-generation clinical and research programs in these areas. Our mid- and late-stage clinical pipeline
includes programs across a range of modalities in additional serious diseases, including IgA nephropathy, APOL1-mediated
kidney disease, neuropathic pain, type 1 diabetes, primary membranous nephropathy, autosomal dominant polycystic kidney
disease, and myotonic dystrophy type 1.
The following chart sets forth our approved products, clinical-stage programs, and select pre-clinical programs:
We are advancing five pivotal programs across multiple disease areas:
•IgA Nephropathy. We are developing povetacicept, a dual inhibitor of the B cell activating factor (“BAFF”) and a
proliferation-inducing ligand (“APRIL”) pathways, as a potentially best-in-class approach to treat IgA nephropathy
(“IgAN”), a serious, progressive, life-threatening kidney disease that often progresses to end-stage renal disease. We
completed enrollment in the IgAN Phase 3 clinical trial and submitted the first module of the rolling Biologics
Licensing Application (“BLA”) for povetacicept in IgAN in the fourth quarter of 2025. We expect to complete the
submission for potential accelerated approval in the U.S. in the first half of 2026.
•APOL1-Mediated Kidney Disease. We are developing inaxaplin, a small molecule inhibitor of APOL1 as a potential
first-in-class treatment for APOL1-mediated kidney disease (“AMKD”). We have completed the enrollment of the
interim analysis cohort of the Phase 2/3 clinical trial and will conduct the pre-planned interim analysis once this
cohort reaches 48 weeks of treatment. We expect to share data from the interim analysis in late 2026 or early 2027.
•Peripheral Neuropathic Pain. We are developing suzetrigine, a selective non-opioid NaV1.8 pain signal inhibitor,
for diabetic peripheral neuropathy (“DPN”), a common form of peripheral neuropathic pain. We are evaluating
suzetrigine for the treatment of DPN in two Phase 3 clinical trials. We expect to complete enrollment in both Phase
3 clinical trials by the end of 2026.
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•Type 1 Diabetes. Zimislecel is an allogeneic stem-cell derived, fully differentiated islet cell therapy in pivotal
development for the treatment of type 1 diabetes (“T1D”). We have completed enrollment in the Phase 1/2/3 clinical
trial of zimislecel in people with T1D. We have temporarily postponed completion of the dosing in this clinical trial,
pending an ongoing internal manufacturing analysis.
•Primary Membranous Nephropathy. We are also developing povetacicept to treat primary membranous nephropathy
(“pMN”), a rare and serious autoimmune glomerular disease that can lead to kidney damage and renal failure, and
which has no treatments specifically approved for this condition. We continue to enroll and dose patients in the
adaptive Phase 2/3 pivotal trial in people with pMN. We expect to complete the Phase 2 portion of the clinical trial
and to initiate the Phase 3 portion in mid-2026.
Our core strategy is to discover, develop, and commercialize innovative medicines by combining transformative
advances in the understanding of human disease and the science of therapeutics, to dramatically advance human health. We
focus on validated targets that address causal human biology, predictive lab assays and clinical biomarkers, rapid paths to
registration and approval, and product candidates that hold the potential for transformative patient benefit. Our approach
includes advancing multiple compounds or therapies from each program into early clinical trials to obtain patient data that
can inform selection of the most promising therapies for later stage development as well as inform our ongoing discovery and
development efforts. We aim to serially innovate in our disease areas of interest and follow our first-in-class therapies with
potential best-in-class candidates. We plan to continue investing to advance our strategy, fostering scientific innovation by
identifying additional product candidates through internal research efforts, and investing in business development
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Financial statements
data from SEC XBRL filings. Values are as-reported; restatements supersede originals. Values reported in .
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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
OVERVIEW
We are a global biotechnology company that invests in scientific innovation to create transformative medicines for
people with serious diseases, with a focus on specialty markets. We have seven approved medicines: five that treat the
underlying cause of cystic fibrosis (“CF”), a life-threatening genetic disease, one that treats severe sickle cell disease
(“SCD”) and transfusion dependent beta thalassemia (“TDT”), life shortening inherited blood disorders, and one that treats
moderate-to-severe acute pain. We are also preparing for the anticipated launch of povetacicept, a potential treatment for IgA
nephropathy (“IgAN”). Our clinical-stage pipeline spans a range of programs targeting CF, SCD, beta thalassemia,
neuropathic pain, type 1 diabetes, IgA nephropathy, primary membranous nephropathy and other autoimmune diseases and
cytopenias, APOL1-mediated kidney disease, autosomal dominant polycystic kidney disease and myotonic dystrophy type 1,
reflecting our commitment to addressing significant unmet medical needs globally.
Financial Highlights
Total Revenues | In the first quarter of 2026, our total revenues increased to $3.0 billion as compared to $2.8 billion in the first quarter of 2025, primarily due to continued performance of our CF therapies and growth from diversification into additional disease areas. |
Cost of Sales | Our cost of sales as a percentage of our net product revenues was 13.2% in each of the first quarters of 2026 and 2025, as a result of a lower overall royalty rate for our CF medicines, offset by changes in product mix. |
Total R&D, AIPR&D and SG&A Expenses | Our total research and development (“R&D”), acquired in-process research and development expenses (“AIPR&D”) and selling, general and administrative (“SG&A”) expenses increased to $1.5 billion in the first quarter of 2026 as compared to $1.4 billion in the first quarter of 2025, primarily due to increased investment to commercialize our new products. |
Cash | Our total cash, cash equivalents and marketable securities increased to $13.0 billion as of March 31, 2026 as compared to $12.3 billion as of December 31, 2025, primarily due to cash flows provided by our operating activities partially offset by repurchases of our common stock. |
Q1 2025
Q1 2026
December 31, 2025
March 31, 2026
Note: Charts above may not add due to rounding.
Business Updates
Marketed Products
Cystic Fibrosis
We expect that the number of people with CF taking our medicines will continue to grow through new approvals and
reimbursement agreements, treatment of younger patients, increased survival and expansion into additional geographies.
Recent and anticipated progress in activities expanding our CF business is included below:
•The U.S. Food and Drug Administration (the “FDA”) approved label extensions for ALYFTREK and TRIKAFTA,
expanding availability of these medicines to approximately 95% of all people with CF in the United States (the
“U.S.”). With these label extensions, approximately 800 people with CF in the U.S. are newly eligible for a
medicine that treats the underlying cause of CF.
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•We secured reimbursement agreements for ALYFTREK in Scotland, Spain, Sweden, Switzerland, New Zealand,
Israel, and Finland, and we are working to secure access for eligible patients in additional countries.
Sickle Cell Disease and Beta Thalassemia
•In the first quarter of 2026, we recorded $43 million of CASGEVY product revenues.
•We secured a pricing agreement for CASGEVY for eligible patients with SCD or TDT in Germany, and we are
working through final implementation to provide long-term reimbursed access to patients at a sustainable price.
•We completed the regulatory submission in the U.S. for approval of CASGEVY in children with SCD or TDT five
to less than twelve years of age. The FDA awarded a Commissioner’s National Priority Voucher for this pediatric
submission, indicating an accelerated timeline for review once the submission is accepted.
Acute Pain
•Since the launch of JOURNAVX in March 2025, more than 1 million prescriptions have been filled for
JOURNAVX across the hospital and retail settings for a broad range of acute pain conditions. In the first quarter of
2026, more than 350,000 prescriptions were filled, and we recorded $29 million of JOURNAVX product revenues.
•We have reached an agreement with a major pharmacy benefit manager for Medicare Part D coverage for
JOURNAVX effective on May 1. This agreement adds approximately 10 million lives covered under Part D.
Twenty-two states provide coverage for JOURNAVX via Medicaid. In total, approximately 240 million individuals
have reimbursed access to JOURNAVX across a wide range of commercial and government payers.
Pipeline
We continue to advance a diversified pipeline of potentially transformative medicines for serious diseases utilizing a
range of modalities. Recent and anticipated progress in activities supporting these efforts is included below:
Cystic Fibrosis
•Following positive results from the ALYFTREK clinical trial in children with CF two to five years of age, we expect
to submit for global regulatory approvals in this age group in the first half of 2026. We continue to enroll and dose
patients in the pivotal clinical trial evaluating ALYFTREK in children with CF one to less than two years of age.
•Following positive results from the TRIKAFTA clinical trial in children one to less than two years of age, we have
begun submissions for global regulatory approvals in this age group.
Peripheral Neuropathic Pain
•We expect to complete enrollment in both Phase 3 clinical trials evaluating suzetrigine in diabetic peripheral
neuropathy, a form of peripheral neuropathic pain, by the end of 2026.
IgA Nephropathy and Other B Cell-Mediated Diseases
•We are developing povetacicept, a dual inhibitor of B cell activating factor (“BAFF”) and a proliferation-inducing
ligand (“APRIL”) cytokines, for multiple diseases. Povetacicept represents a potentially best-in-class approach to
control B cell activity in IgAN.
•Following positive results from the RAINIER Phase 3 clinical trial evaluating povetacicept in adults with IgAN, we
completed in March the submission of the rolling biologics license application (“BLA”) to the FDA for potential
accelerated approval in the U.S. We are using a Priority Review Voucher and therefore expect the FDA review of
this BLA to be expedited to six months from the date of the FDA’s acceptance of the BLA.
•Povetacicept represents a potentially best-in-class approach to control B cell activity in primary membranous
nephropathy (“pMN”), another B cell-mediated disease. We completed enrollment in the Phase 2 portion of the
Phase 2/3 OLYMPUS pivotal trial evaluating povetacicept in people with pMN, and we initiated the Phase 3 portion
of this clinical trial. Enrollment and dosing in this clinical trial are ongoing.
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APOL1-Mediated Kidney Disease
•Inaxaplin is our small molecule for the treatment of APOL1-mediated kidney disease (“AMKD”). We completed
enrollment in the interim analysis cohort of the global AMPLITUDE Phase 2/3 pivotal clinical trial evaluating
inaxaplin. We expect to conduct the pre-planned interim analysis for potential accelerated approval once this cohort
has been treated for 48 weeks. We expect to share data from the interim analysis in early 2027. We expect to
complete full enrollment in the AMPLITUDE clinical trial in the second half of 2026.
Type 1 Diabetes
•Zimislecel is an allogeneic, stem cell-derived, fully differentiated, insulin-producing islet cell replacement therapy,
using standard immunosuppression to protect the implanted cells. We have completed the internal manufacturing
analysis for the Phase 1/2/3 clinical trial of zimislecel in people with type 1 diabetes (“T1D”), and we have resumed
dosing in this clinical trial. Multiple people with T1D have been treated since the resumption of dosing. In 2026, we
expect to provide updated timelines for trial completion.
Our Business Environment
In the first quarter of 2026, our total product revenues came primarily from the sale of our medicines for the treatment of
CF. Our CF strategy involves continuing to develop and obtain approval and reimbursement for treatment regimens that will
provide benefits to all people with CF and increasing the number of people with CF eligible and able to receive our
medicines. Outside of CF, we continue to advance the commercialization of CASGEVY for the treatment of SCD and TDT,
and JOURNAVX for the treatment of acute pain, and we are preparing for a potential launch of povetacicept for the treatment
of IgAN. In addition, we are advancing our pipeline of product candidates for the treatment of serious diseases outside of CF,
SCD, TDT and acute pain.
Our strategy is to combine transformative advances in the understanding of causal human biology and the science of
therapeutics to discover and develop innovative medicines. This approach includes advancing multiple compounds or
therapies from each program, spanning multiple modalities, into early clinical trials to obtain patient data that can inform
selection of the most promising therapies for later-stage development, as well as to inform discovery and development
efforts. We aim to serially innovate in our disease areas of interest and follow our first-in-class therapies with potential best-
in-class candidates to provide durable clinical and commercial success.
In pursuit of new product candidates and therapies in specialty markets, we invest in research and development. We
believe that pursuing research in diverse areas allows us to balance the risks inherent in product development and may
provide product candidates that will form our pipeline in future years. To supplement our internal research programs, we
acquire technologies and programs and collaborate with biopharmaceutical and technology companies, leading academic
research institutions, government laboratories, foundations and other organizations, as needed, to advance research in our
areas of therapeutic interest and to access technologies needed to execute on our strategy.
Discovery and development of a new pharmaceutical or biological product is a difficult and lengthy process that requires
significant financial resources along with extensive technical and regulatory expertise. Across the industry, most potential
drug or biological products never progress into development, and most products that advance into development never receive
marketing approval. Our investments in product candidates are subject to considerable risks. We closely monitor our research
and development activities, and frequently evaluate our pipeline programs in light of new data and scientific, business and
commercial insights, with the objective of balancing risk and potential. This process can result in rapid changes in focus and
priorities as new information becomes available and as we gain additional understanding of our ongoing programs and
potential new programs, as well as those of our competitors. In addition, our product candidates must satisfy rigorous
standards of safety and efficacy before they can be approved for sale by regulatory authorities. Our analysis of data obtained
from nonclinical and clinical activities is subject to confirmation and interpretation by regulatory authorities, which could
delay, limit or prevent regulatory approval.
Our business also requires ensuring appropriate manufacturing and supply of our products. As we advance our product
candidates through clinical development toward commercialization and market and sell our approved products, we build and
maintain our supply chain and quality assurance resources. We rely on a global network of third parties, including some in
China, and our internal capabilities to manufacture and distribute our products for commercial sale and post-approval clinical
trials and to manufacture and distribute our product candidates for clinical trials. In addition to establishing supply chains for
each newly approved product, we adapt our supply chain for existing products to include additional formulations or to
increase scale of production for existing products as needed. The processes for biological and cell and genetic therapies can
be more complex than those required for small molecule drugs and require additional investments in different systems,
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equipment, facilities and expertise. We are focused on ensuring the stability of the supply chains for our current products, as
well as for our pipeline programs.
Sales of our products depend, to a large degree, on the extent to which our products are reimbursed by third-party payors,
such as government health programs, commercial insurance and managed health care organizations. Reimbursement for our
products, including our potential pipeline therapies, cannot be assured and may take significant periods of time to obtain. We
dedicate substantial management and other resources to obtain and maintain appropriate levels of reimbursement for our
products from third-party payors, including governmental organizations in the U.S. and ex-U.S. markets. In the U.S., we
work with government and commercial payors to obtain and maintain appropriate levels of reimbursement for our medicines.
In ex-U.S. markets, we seek government reimbursement for our medicines on a country-by-country or region-by-region, as
required. This is necessary for each new medicine, as well as for label expansions for our current medicines. We expect to
continue to focus significant resources to expand and maintain reimbursement for our CF medicines, CASGEVY,
JOURNAVX, and, ultimately, our pipeline therapies, in U.S. and ex-U.S. markets.
Strategic Transactions
Acquisitions
As part of our business strategy, we seek to license or acquire technologies, products, product candidates and businesses
that are aligned with our corporate and research and development strategies and complement and advance our ongoing
research and development efforts. We have acquired multiple biotechnology companies over the last several years and expect
to continue to identify and evaluate such opportunities. The accounting for these acquisitions can vary significantly based on
whether we conclude the transactions represent business combinations or asset acquisitions. In 2024, we acquired Alpine
Immune Sciences, Inc. (“Alpine”) and its lead molecule, povetacicept, for approximately $5.0 billion. Povetacicept, has
shown potential to treat multiple diseases or conditions and become a pipeline-in-a-product. We accounted for the Alpine
transaction as an asset acquisition because povetacicept represented substantially all of the fair value of the gross assets that
we acquired. As a result, $4.4 billion of the fair value attributed to povetacicept was expensed as AIPR&D in 2024.
Collaboration and In-Licensing Arrangements
We enter into arrangements with third parties, including collaboration and licensing arrangements, for the development,
manufacture and commercialization of products, product candidates and other technologies that have the potential to
complement our ongoing research and development efforts.
Over the last several years, we entered into collaboration agreements with a number of companies, including CRISPR
Therapeutics AG (“CRISPR”) and Entrada Therapeutics, Inc. (“Entrada”).
Generally, when we in-license a technology or product candidate, we make upfront payments to the collaborator, assume
the costs of the program and/or agree to make contingent payments, which could consist of milestone, royalty and option
payments. Most of these collaboration payments are expensed as AIPR&D because they were primarily attributable to
acquired in-process research and development for which there was no alternative future use. However, depending on many
factors, including the structure of the collaboration, the stage of development of the acquired technology, the significance of
the in-licensed product candidate to the collaborator’s operations and the other activities in which our collaborators are
engaged, the accounting for these transactions can vary significantly. We expect to continue to identify and evaluate
collaboration and licensing opportunities that may be similar to or different from the collaborations and licenses that we have
engaged in previously.
Acquired In-Process Research and Development Expenses
In the first quarter of 2026 and 2025, our AIPR&D included $0.5 million and $19.8 million, respectively, related to
upfront, contingent milestone, or other payments pursuant to our business development transactions, including the asset
acquisitions, collaborations, and licenses of third-party technologies described above. Please refer to Note B, “Collaboration,
License and Other Arrangements,” for further information regarding our asset acquisitions, collaborations and in-license
agreements.
Out-licensing Arrangements
We also have out-licensed certain development programs to collaborators who are leading the development or
commercialization of these programs, either globally or within certain geographic regions.
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In January 2025 and June 2025, we entered into agreements with Zai Lab Limited (“Zai”) and Ono Pharmaceuticals Co.,
Ltd (“Ono”), respectively, for the development and commercialization of povetacicept in various Asian markets. Zai licensed
povetacicept for mainland China, Hong Kong SAR, Macau SAR, Taiwan region and Singapore, while Ono licensed
povetacicept for Japan and South Korea. Zai and Ono will help advance povetacicept clinical trials, and will be responsible
for obtaining marketing authorizations and commercialization activities, if povetacicept becomes an approved product, in
their licensed territories. We are eligible to receive certain future milestone payments and tiered royalties on future net sales
of povetacicept in these regions.
RESULTS OF OPERATIONS
Total Revenues
Three Months Ended March 31, | |||||
2026 | 2025 | Change | |||
(in millions, except percentages) | |||||
TRIKAFTA/KAFTRIO | $2,354.7 | $2,535.5 | (7)% | ||
ALYFTREK | 424.4 | 53.9 | 687% | ||
Other CF product revenues (1) | 135.9 | 155.3 | (12)% | ||
Total CF product revenues, net | 2,915.0 | 2,744.7 | 6% | ||
CASGEVY | 42.9 | 14.2 | 202% | ||
JOURNAVX | 29.0 | 1.3 | ** | ||
Product revenues, net | 2,986.9 | 2,760.2 | 8% | ||
Other revenues | — | 10.0 | ** | ||
Total revenues | $2,986.9 | $2,770.2 | 8% | ||
(1) Include KALYDECO, ORKAMBI and SYMDEKO/SYMKEVI. | ** Not meaningful | ||||
Product Revenues, Net
In the first quarter of 2026, our net product revenues increased by $226.7 million, or 8%, as compared to the first quarter
of 2025, primarily due to continued performance of our CF therapies and growth from diversification into additional disease
areas.
Other Revenues
Other revenues were $10.0 million in the first quarter of 2025, related to an upfront payment received from our
collaboration agreement with Zai.
Revenues by Geographic Location
Our total revenues from the U.S. and from ex-U.S. markets were as follows:
Three Months Ended March 31, | ||||
2026 | 2025 | Change | ||
(in millions, except percentages) | ||||
United States | $1,775.9 | $1,663.5 | 7% | |
ex-U.S. | 1,211.0 | 1,106.7 | 9% | |
Total revenues | $2,986.9 | $2,770.2 | 8% | |
In the first quarter of 2026, our U.S. total revenues increased 7%, as compared to the first quarter of 2025, due to
continued strong patient demand, including from new initiations of ALYFTREK, and higher realized net prices in CF, and
contributions from CASGEVY and JOURNAVX. In the first quarter of 2026, our ex-U.S. total revenues increased 9%, as
compared to the first quarter of 2025, primarily due to strong CF performance across multiple geographies, including
ALYFTREK uptake, increased CASGEVY product revenues, and a favorable impact from foreign exchange.
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Operating Costs and Expenses
Three Months Ended March 31, | |||||
2026 | 2025 | Change | |||
(in millions, except percentages) | |||||
Cost of sales | $392.8 | $363.0 | 8% | ||
Research and development expenses | 961.6 | 979.7 | (2)% | ||
Acquired in-process research and development expenses | 0.5 | 19.8 | ** | ||
Selling, general and administrative expenses | 493.7 | 396.4 | 25% | ||
Intangible asset impairment charge | — | 379.0 | ** | ||
Change in fair value of contingent consideration | 0.2 | 2.2 | ** | ||
Total costs and expenses | $1,848.8 | $2,140.1 | (14)% | ||
** Not meaningful | |||||
Cost of Sales
Our cost of sales primarily consists of third-party royalties payable on net sales of our CF products as well as the cost of
producing inventories. Our cost of sales as a percentage of our net product revenues was 13.2% in each of the first quarters of
2026 and 2025, as a result of a lower overall royalty rate for our CF medicines, offset by changes in product mix.
Pursuant to our agreement (the “CFF Agreement”) with the Cystic Fibrosis Foundation (the “CFF”), our tiered third-
party royalties on sales of ALYFTREK, TRIKAFTA/KAFTRIO, SYMDEKO/SYMKEVI, KALYDECO, and ORKAMBI,
calculated as a percentage of net sales, range from the single digits to the sub-teens, with lower royalties on sales of
ALYFTREK and TRIKAFTA/KAFTRIO than for our other products. The royalty burden associated with TRIKAFTA/
KAFTRIO is 9.33%, and our position is that the royalty burden associated with ALYFTREK is 4%. On October 10, 2025,
Royalty Pharma plc (“RP”), the third party to whom the CFF assigned its rights (and the CFF, which remains a party to the
CFF Agreement), initiated a confidential arbitration alleging the royalty burden on ALYFTREK is approximately 8%. RP is
seeking a declaratory judgment regarding the royalty burden on ALYFTREK as well as alleged unpaid royalties and other
alleged damages available under the CFF Agreement or applicable law, costs, expenses, attorneys’ fees, and interest. We
believe RP’s position is contrary to the plain terms of the CFF Agreement and intend to vigorously defend our position under
the CFF Agreement.
Research and Development Expenses
Three Months Ended March 31, | ||||
2026 | 2025 | Change | ||
(in millions, except percentages) | ||||
Research expenses | $205.0 | $206.1 | (1)% | |
Development expenses | 756.6 | 773.6 | (2)% | |
Total research and development expenses | $961.6 | $979.7 | (2)% | |
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Research Expenses
Three Months Ended March 31, | ||||
2026 | 2025 | Change | ||
(in millions, except percentages) | ||||
Research Expenses: | ||||
Salary and benefits | $55.2 | $53.1 | ||
Recent insider activity
| Date | Insider | Role | Action | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 2026-06-26 | Bozic Carmen | EVP and CMO | Sell | -596 | $482.50 | -$287,570 |
| 2026-06-18 | Bozic Carmen | EVP and CMO | Sell | -1,020 | $462.17 | -$471,413 |
| 2026-06-15 | Bozic Carmen | EVP and CMO | Sell | -4,062 | $450.00 | -$1,827,900 |
| 2026-06-05 | Bozic Carmen | EVP and CMO | Sell | -1,745 | $450.00 | -$785,250 |
| 2026-06-01 | Liu Joy | EVP and Chief Legal Officer | Sell | -828 | $439.91 | -$364,245 |
| 2026-05-29 | Bozic Carmen | EVP and CMO | Sell | -1,974 | $450.00 | -$888,300 |
| 2026-05-15 | Bunnage Mark E. | EVP, Chief Scientific Officer | Sell | -33 | $453.45 | -$14,964 |
| 2026-05-15 | Bozic Carmen | EVP and CMO | Sell | -1,354 | $453.45 | -$613,971 |
| 2026-05-12 | Bozic Carmen | EVP and CMO | Sell | -6,988 | $450.00 | -$3,144,600 |
| 2026-05-01 | Liu Joy | EVP and Chief Legal Officer | Sell | -1,104 | $425.02 | -$469,222 |
| 2026-05-04 | Bhatia Sangeeta N. | Director | Sell | -318 | $423.73 | -$134,746 |
Source: SEC Form 4 filings.
Next expected filings
- ~2026-08-04 10-Q expected by 2026-08-09 (in 33 days)
- ~2026-11-03 10-Q expected by 2026-11-08 (in 124 days)
- ~2027-02-13 10-K expected by 2027-03-05 (in 226 days)
- ~2027-05-04 10-Q expected by 2027-05-09 (in 306 days)
Predicted from historical filing cadence; not an SEC commitment.
Recent SEC filings
- 2026-05-13 8-K Officer/Director Change; Shareholder Vote Results
- 2026-05-13 S-8 Employee Benefit Plan Registration
- 2026-05-05 10-Q Quarterly Report
- 2026-05-04 8-K Earnings Release; Financial Statements and Exhibits
- 2026-04-29 8-K Officer/Director Change
- 2026-03-31 8-K Other Events
- 2026-02-13 10-K Annual Report
- 2026-02-12 8-K Earnings Release; Financial Statements and Exhibits
- 2025-11-04 10-Q Quarterly Report
- 2025-11-03 8-K Earnings Release; Financial Statements and Exhibits
- 2025-08-05 10-Q Quarterly Report
- 2025-08-04 8-K Earnings Release; Officer/Director Change; Financial Statements and Exhibits
- 2025-05-19 8-K Other Events
- 2025-05-06 10-Q Quarterly Report
- 2025-05-05 8-K Earnings Release; Financial Statements and Exhibits