Vertex drug aids lung function

The pharmaceutical said a phase three study on a cystic fibrosis drug candidate improved lung function in children with a particular genetic mutation, backing similar results in older patients. The study is ongoing with updated results expected after the 48-week mark. Vertex (VRTX) said it's on track to seek regulatory approval in the U.S. and Europe in the second half of 2011. The drug would join the company's eagerly anticipated hepatitis C drug. Shares rose 3.3% to 48.90

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