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Author: PuddinHead42 Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 24974  
Subject: Re: VRTX spiking in pre market Date: 5/8/2012 4:41 PM
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a couple of upgrades, a rec from Cramer and VRTX is up to $64 at the close today. Guess I sold too soon. Still have half.

Fast money in the first day, slow money in day 2, dumb money in day 3 and fast money out. We will see.

People throwing around $4B in sales for the CF drug. It is expected to address 30% of the $70k worldwide cases (=21k patients). Except $200k to $350k for a year of treatment. So, of the 21,000 spread out over the world, how many have insurance that will pay $200k or $350k per year. Sure Europe has socialized medicine, but something like this seems pretty high - I bet you will need to get on a 2 year waiting list before they start shelling out. Love the company, but not sure about the true potential of this drug relative to $4B/year.
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