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Vertex Pharmaceuticals to offer 7 million shares in public offering

Vertex Pharmaceuticals, a biotechnology company, has announced that it intends to offer, subject to market and other conditions, 7 million shares of its common stock in an underwritten public offering under an automatically effective shelf registration statement on file with the Securities and Exchange Commission.

Vertex intends to grant the underwriters an option to purchase up to an additional 1.05 million shares of its common stock.

Goldman, Sachs & Co is acting as the sole book-runner for the offering.