Pharma Patent Cliffby readouts.io
Company · patent cliff and acquisitions

Vertex’s patent cliff

Trikafta, the only Vertex drug tracked here, made $10.3B of its 2025 revenue (86%) and loses US exclusivity in 2037. Since 2023, Vertex has closed 2 acquisitions of $1B or more, worth $14.9B in total.

Losing US exclusivity by 2030
NoneFirst tracked loss is 2037
By 2037
$10.3B86% of $12.0B
Acquisitions since 2023
$14.9B2 deals of $1B or more
2025 sales from acquired products
NoneNo acquired product on sale
Bought with an approved product
1 of 2Crinetics Pharmaceuticals

2025 revenue losing US exclusivity, by year

2031–2037
0%25%50%75%100%
2037
86%$10.3B · Trikafta

Bars are each drug's 2025 sales as a share of Vertex’s total revenue ($12.0B). Only drugs tracked here are counted, so full exposure can be higher. Tap a bar for the drug's page.

Acquisitions since 2023

ClosedCompany boughtValueAreaWhat it broughtAt closing
May 2024 Alpine Immune SciencesAlpine, April 2024 · Vertex, 2024 $4.9B Other Povetacicept, a drug for IgA nephropathy, a kidney disease Pipeline only
Sep 2026 Crinetics PharmaceuticalsVertex, July 2026 · Vertex, September 2026 $10.0B Other Palsonify for acromegaly, a hormone disorder, plus other endocrine drugs in development Approved product
2 counted$14.9B

Acquisitions of whole companies closed since January 2023 with a headline price of $1B or more. Values are the price Vertex announced, excluding milestone payments unless noted. Licensing deals are not included. Compare all 65 deals →

Losing vs buying, by area

AreaAt risk by 2037Acquisitions since 2023
Other$10.3B$14.9B

Other is where Vertex has the most revenue at risk and where it has spent the most on acquisitions. At risk is 2025 sales of tracked drugs losing US exclusivity by 2037; acquisitions are the headline value of counted deals closed since 2023.

How to read this

The two figures measure different things. Revenue at risk is what the drugs earned in 2025. A deal's value is what Vertex paid, not the sales it will bring in. Only one of the 2 companies it bought was already selling an approved product at closing (Crinetics Pharmaceuticals); the rest brought pipeline drugs whose sales are years away and may never arrive. So this page shows the figures side by side rather than claiming how much of the gap the deals fill.

What changed for Vertex

  1. Acquisition
    Vertex completes its $10B Crinetics acquisition

    Crinetics brings Palsonify, an approved drug for acromegaly. It is Vertex's largest acquisition since 2023. Vertex

Other companies

Sources

Revenue: Vertex FY2025. Drug sales and dates are sourced on each drug's page; each deal links to Vertex’s announcement or filing in the table above.

See all 45 drugs on the patent cliff →