 Cambridge, 
                  MA -- November 23, 2010 -- Vertex Pharmaceuticals Incorporated 
                  (Nasdaq: VRTX) announced today that it has completed the submission 
                  of a New Drug Application (NDA) to the U.S. Food and Drug Administration 
                  (FDA) seeking approval for telaprevir, Vertex's investigational 
                  treatment for people with hepatitis C. The NDA submission is 
                  supported by results from three Phase 3 studies, ADVANCE, ILLUMINATE 
                  and REALIZE, which evaluated telaprevir in people chronically 
                  infected with genotype 1 hepatitis C virus (HCV) who were new 
                  to treatment as well as those who were treated before but did 
                  not achieve a sustained viral response (SVR, or viral cure). 
                  The submission includes a request for Priority Review, which 
                  would reduce the FDA's review time from 10 months to six months. 
                  The FDA grants Priority Review status for several reasons, including 
                  if the medicine is considered a major advance in treatment.
Cambridge, 
                  MA -- November 23, 2010 -- Vertex Pharmaceuticals Incorporated 
                  (Nasdaq: VRTX) announced today that it has completed the submission 
                  of a New Drug Application (NDA) to the U.S. Food and Drug Administration 
                  (FDA) seeking approval for telaprevir, Vertex's investigational 
                  treatment for people with hepatitis C. The NDA submission is 
                  supported by results from three Phase 3 studies, ADVANCE, ILLUMINATE 
                  and REALIZE, which evaluated telaprevir in people chronically 
                  infected with genotype 1 hepatitis C virus (HCV) who were new 
                  to treatment as well as those who were treated before but did 
                  not achieve a sustained viral response (SVR, or viral cure). 
                  The submission includes a request for Priority Review, which 
                  would reduce the FDA's review time from 10 months to six months. 
                  The FDA grants Priority Review status for several reasons, including 
                  if the medicine is considered a major advance in treatment. 
                  
                  
                  "This submission is a milestone in our more than 15-year 
                  effort to change the way hepatitis C is treated," said 
                  Matthew Emmens, Chairman, President and Chief Executive Officer 
                  of Vertex. "We are committed to working closely with the 
                  FDA to make telaprevir available as quickly as possible to the 
                  millions of people with hepatitis C who need new medicines to 
                  increase their chances for a viral cure." 
                  
                  Highlights of the Telaprevir Phase 
                  3 Data Included in the Submission 
                  
                  All Phase 3 studies met their primary endpoints and results 
                  below are from the treatment arms where telaprevir was started 
                  immediately in combination with pegylated-interferon and ribavirin 
                  for the first 12 weeks of treatment. 
                  
                  In people with hepatitis C who were new to treatment (treatment-naive): 
                  
                
                   
                    |  | Up 
                      to 75% achieved a viral cure with telaprevir-based combination 
                      therapy, compared to 44% of people who received pegyalted 
                      interferon and ribavirin alone; | 
                   
                    |  | A 
                      majority (58% in ADVANCE and 65% in ILLUMINATE) were eligible 
                      to reduce their treatment time by half -- from 48 weeks 
                      to 24 weeks; | 
                   
                    |  | Data 
                      showed there was no benefit to extending total treatment 
                      from 24 weeks to 48 weeks in people whose virus was undetectable 
                      at weeks 4 and 12 with telaprevir-based therapy. | 
                
                In 
                  the three major subgroups of people with hepatitis C who had 
                  not achieved a viral cure with a prior course of treatment (treatment-experienced): 
                  
                
                   
                    |  | 83% 
                      of prior relapsers, 59% of prior partial responders and 
                      29% of prior null responders achieved a viral cure with 
                      telaprevir-based combination therapy compared to 24%, 15%, 
                      and 5% of people in these subgroups, respectively, who received 
                      pegyalted interferon and ribavirin alone. These results 
                      were achieved with a simultaneous start of all three drugs 
                      for the first 12 weeks followed by pegyalted interferon 
                      and ribavirin alone for an additional 36 weeks. | 
                
                The 
                  safety and tolerability results of telaprevir-based combination 
                  therapy were consistent across the Phase 3 studies. The most 
                  common adverse events regardless of treatment arm were rash, 
                  fatigue, pruritis, headache, nausea, anemia, insomnia, diarrhea, 
                  flu-like symptoms and pyrexia, with the majority being mild 
                  or moderate in severity. 
                  
                  More Effective Therapies Needed to 
                  Improve Viral Cure Rates 
                  
                  Hepatitis C is a serious disease, typically without symptoms, 
                  which affects up to 3.9 million people in the United States. 
                  Hepatitis C can lead to scarring of the liver (cirrhosis), resulting 
                  in liver failure, liver cancer and the need for liver transplantation. 
                  Approved medicines for people with genotype 1 hepatitis C are 
                  given for a year, and less than half of people treated with 
                  these therapies achieve a viral cure. Telaprevir is an investigational, 
                  oral inhibitor that acts directly on the HCV protease, an enzyme 
                  essential for viral replication. To date, more than 2,500 people 
                  with genotype 1 hepatitis C have received telaprevir in Phase 
                  2 and Phase 3 studies. 
                  
                  "In our trials, starting patients with 12 weeks of telaprevir-based 
                  combination therapy significantly improved viral cure rates 
                  compared to treatment with currently approved medicines, even 
                  in groups of people considered the most difficult to treat," 
                  said Peter Mueller, PhD, Chief Scientific Officer and Executive 
                  Vice President of Global Research and Development at Vertex. 
                  "We're also encouraged by telaprevir data that showed most 
                  patients new to therapy were able to achieve high viral cure 
                  rates and reduce their total treatment time by half." 
                  
                  Vertex is developing telaprevir in collaboration with Tibotec 
                  Pharmaceuticals and Mitsubishi Tanabe Pharma. Vertex has rights 
                  to commercialize telaprevir in North America and Tibotec has 
                  rights in Europe, South America, Australia, the Middle East 
                  and certain other countries. Mitsubishi Tanabe Pharma has rights 
                  to commercialize telaprevir in Japan and certain Far East countries. 
                  
                  
                  Vertex was granted Fast Track designation by the FDA for telaprevir 
                  in 2005. In mid-2010, as part of the Fast Track designation, 
                  Vertex began to submit completed sections of the NDA for review 
                  by the FDA on a rolling basis rather than wait until every section 
                  of the application was complete. 
                  
                  Data from Phase 3 Studies in All Major 
                  Patient Types, Including the Most Difficult-to-Treat 
                  
                  The Phase 3 studies evaluated people with genotype 1 hepatitis 
                  C who were new to treatment as well as those who had previously 
                  received treatment but did not achieve a cure, including people 
                  who have traditionally responded poorly to approved medicines. 
                  In Phase 3 studies, telaprevir was given to people three times 
                  a day in combination with pegylated-interferon and ribavirin 
                  for the first 12 weeks of therapy followed by either 12 weeks 
                  or 36 weeks of Pegasys (pegyalted interferon alfa-2a) and Copegus 
                  (ribavirin) alone for a total treatment time of either 24 weeks 
                  or 48 weeks. The ability to shorten treatment time from 48 weeks 
                  to 24 weeks for people new to treatment was based on their response 
                  to therapy at weeks 4 and 12. People who did not achieve a viral 
                  cure with a prior course of therapy received a total of 48 weeks 
                  of treatment. In October 2010, Vertex announced the start of 
                  a Phase 3 study to evaluate twice-daily (BID) dosing of a telaprevir-based 
                  combination regimen. 
                  
                  ADVANCE: Pivotal study in 1,095 people who were 
                  new to treatment 
                  
                  The primary endpoint of ADVANCE was SVR, defined as the proportion 
                  of people who had undetectable viral load (HCV RNA) both at 
                  the end of treatment and 24 weeks after the end of treatment. 
                  The secondary endpoint was to evaluate the safety of telaprevir 
                  when dosed in combination with pegyalted interferon and ribavirin. 
                  ADVANCE also evaluated the ability to reduce total treatment 
                  time by half -- from 48 weeks to 24 weeks, which was guided 
                  by a patient's response to therapy (undetectable viral load 
                  at weeks 4 and 12). 
                  
                  ILLUMINATE: Supplemental 
                  study in 540 people to evaluate shorter treatment durations 
                  in people who were new to treatment 
                  
                  The primary endpoint of the study was SVR in two telaprevir-based 
                  treatment arms of people whose virus was undetectable at week 
                  4 and week 12 of treatment (eRVR, extended rapid viral response). 
                  These patients were randomized to either 24 weeks or 48 weeks 
                  of total therapy. ILLUMINATE was designed to evaluate whether 
                  there was any benefit to extending therapy from 24 weeks to 
                  48 weeks in people who met these criteria. There was no control 
                  arm of pegyalted interferon and ribavirin alone in the study. 
                  
                  
                  In both the ADVANCE and ILLUMINATE studies, telaprevir-based 
                  combination therapy also resulted in improved SVR rates in various 
                  subgroups of people with characteristics known to limit response 
                  to approved medicines such as race/ethnicity or stage of liver 
                  fibrosis. Data from these studies were presented in November 
                  2010 at the 61st Annual Meeting of the American Association 
                  for the Study of Liver Diseases (AASLD). 
                  
                  REALIZE: Pivotal study 
                  in 662 people who did not achieve a viral cure with previous 
                  therapy 
                  
                  The primary endpoint of the study was SVR in each of the two 
                  telaprevir treatment arms compared to the control arm, and for 
                  the three subgroups of people included in the study. REALIZE 
                  is the only Phase 3 study to date of a direct-acting antiviral 
                  medicine to include all three major subgroups of people with 
                  hepatitis C who did not achieve a viral cure with a previous 
                  course of therapy: 
                
                   
                    |  | Relapser: 
                      defined as a person whose hepatitis C virus was undetectable 
                      at the completion of at least 42 weeks of a prior course 
                      of therapy but whose virus became detectable during the 
                      follow-up period; | 
                   
                    |  | Partial 
                      Responder: defined as a person who achieved at least a 2 
                      log10 (100 times) reduction in viral load (HCV RNA) at week 
                      12, but whose hepatitis C virus never became undetectable 
                      by week 24 of a prior course of therapy; and | 
                   
                    |  | Null 
                      Responder: defined as a person who experienced a less than 
                      2 log10 drop in viral load at week 12 of a prior course 
                      of therapy. | 
                
                In 
                  REALIZE, people received 48 weeks of total therapy, which included 
                  12 weeks of telaprevir combined with pegyalted interferon and 
                  ribavirin. One of the telaprevir treatment arms was designed 
                  to evaluate, for the first time, whether viral cure rates could 
                  be further improved by starting pegyalted interferon and ribavirin 
                  alone for the first four weeks of treatment (delayed start) 
                  compared to a simultaneous start of telaprevir in combination 
                  with these medicines. There was no clinical benefit observed 
                  with the telaprevir delayed-start treatment arm in any of the 
                  subgroups of patients compared to the simultaneous-start arm. 
                  Final results from REALIZE, including safety and efficacy data, 
                  will be presented at an upcoming medical meeting. 
                  
                  Safety and Tolerability Information 
                  for ADVANCE, ILLUMINATE and REALIZE 
                  
                  The safety and tolerability results of telaprevir-based combination 
                  regimens were consistent across the Phase 3 studies. The most 
                  common adverse events (AEs) were rash, fatigue, pruritis, headache, 
                  nausea, anemia, insomnia, diarrhea, flu-like symptoms and pyrexia 
                  with the majority being mild or moderate in severity. Rash and 
                  anemia occurred more frequently in the telaprevir treatment 
                  arms compared to the control arms. 
                  
                  Rash was primarily characterized as eczema-like, manageable 
                  and resolved upon stopping telaprevir. More than 90% of rash 
                  was mild to moderate and was primarily managed with the use 
                  of topical corticosteroids and antihistamines. Anemia was primarily 
                  managed by reducing the dose of ribavirin. Erythropoiesis-stimulating 
                  agents (ESAs) were used in only 1% of people in the Phase 2 
                  and Phase 3 studies. Discontinuation of all drugs due to either 
                  rash or anemia during the telaprevir/placebo treatment phase 
                  was 1% to 3% in the telaprevir treatment arms. 
                  
                  About Vertex 
                  
                  Vertex Pharmaceuticals Incorporated is a global biotechnology 
                  company committed to the discovery and development of breakthrough 
                  small molecule drugs for serious diseases. The Company's strategy 
                  is to commercialize its products both independently and in collaboration 
                  with other pharmaceutical companies. Vertex's product pipeline 
                  is focused on viral diseases, cystic fibrosis, inflammation, 
                  autoimmune diseases, epilepsy, cancer and pain. For more information, 
                  see www.vrtx.com.
                  
                  11/30/10
                Source
                  Vertex Pharmaceuticals. Vertex Completes New Drug Application 
                  for Telaprevir for Hepatitis C. Press 
                  release. Press release. November 23, 2010.