
Casgevy is co-owned by Vertex Pharmaceuticals (NASDAQ: VRTX) and CRISPR Therapeutics (NASDAQ: CRSP), which developed it under a 2015 collaboration in which Vertex holds 60% of the economics and leads commercialization. Approved in the UK and US in late 2023, it is the first CRISPR-based medicine ever authorized for sickle cell disease and beta thalassemia. It generated $115.8 million in FY2025 revenue.
Parent Company
Founded
2023
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Casgevy | Vertex Pharmaceuticals Incorporated | Co owned |
The therapy's scientific basis is a discovery about hemoglobin genetics. Researchers found that some people carry natural mutations in a gene called BCL11A that keep their fetal hemoglobin switched on into adulthood, protecting them from sickle cell disease and beta thalassemia even when they inherit the causative mutations. Editing BCL11A to reactivate fetal hemoglobin offered a route to a functional cure.
Vertex and CRISPR Therapeutics began their collaboration in 2015 to pursue this approach. The treatment process collects a patient's own blood stem cells, edits them ex vivo using CRISPR/Cas9 to disable BCL11A, destroys the remaining bone marrow with chemotherapy, and reinfuses the edited cells, which then produce healthy fetal hemoglobin.
Clinical results published in the New England Journal of Medicine showed the therapy eliminating vaso-occlusive crises in nearly all sickle cell patients and freeing almost all thalassemia patients from transfusion dependence. On November 16, 2023, the UK's MHRA authorized Casgevy, making it the first CRISPR-based medicine approved anywhere in the world. The FDA followed on December 8, 2023, for sickle cell disease, and added transfusion-dependent beta thalassemia in January 2024.
Commercial rollout has been deliberately slow because delivery is complex. Patients must be treated at authorized treatment centers capable of cell collection, conditioning chemotherapy, and long hospitalization. In FY2025, 64 patients received Casgevy infusions while 147 began the first cell collection step, generating $115.8 million in revenue. Vertex estimates approximately 60,000 patients with severe disease are or could become eligible across approved geographies, including about 37,000 in North America and more than 23,000 in the Middle East.
What does Vertex Pharmaceuticals own?
Vertex owns seven marketed medicines: CF therapies Kalydeco, Orkambi, Symdeko, Trikafta/Kaftrio, and Alyftrek, plus Casgevy (co-owned profit share with CRISPR Therapeutics) and Journavx. Its pipeline includes povetacicept, zimislecel, and inaxaplin. It absorbed Semma, ViaCyte, and Alpine Immune Sciences rather than holding them as separate companies.
Is Vertex publicly traded?
Yes. It trades on NASDAQ under ticker VRTX and is a member of the S&P 500 and NASDAQ-100. Shares have been public since a 1991 IPO.
When was Vertex founded?
Vertex was founded in 1989 in Cambridge, Massachusetts. It moved its headquarters to Boston's Seaport District in 2014.
Who founded Vertex?
Joshua Boger, a former senior scientist at Merck, founded the company with venture capitalist Kevin Kinsella to pursue rational drug design. Reshma Kewalramani is the current president and CEO.
What is Vertex's market position?
Vertex holds an effective monopoly in cystic fibrosis modulators, with medicines used by about 75% of the addressable patient population across 60-plus reimbursed countries. It is among the most valuable biotechnology companies by market capitalization.
Does Vertex own Casgevy?
Vertex co-developed Casgevy with CRISPR Therapeutics and leads commercialization under a profit-sharing agreement, taking 60% of economics. It is not the sole owner of the product.
Casgevy's controversies are structural rather than failure-driven. The roughly $2.2 million list price makes it among the most expensive medicines ever sold, and payers in several countries have negotiated outcomes-based agreements to manage the risk that a single treatment may not deliver durable benefit.
Long-term safety surveillance is the other standing issue. Regulators require 15-year follow-up studies because the therapy permanently edits a patient's genome, and the theoretical risk of off-target edits or secondary blood cancers from conditioning chemotherapy means each case is tracked for life. No product recall or confirmed off-target adverse finding has been reported through late 2026.
Access equity is a persistent criticism. The therapy is available only at elite transplant centers in wealthy markets, while the largest sickle cell populations live in Africa, where no authorized treatment centers operate.
No direct competitors found in the same category. This could be because Casgevyoperates in a unique market segment or we're still building our competitor database.
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