Vertex Pharmaceuticals to Acquire Crinetics Pharmaceuticals for $10B

July 5, 2026

Vertex Pharmaceuticals will acquire Crinetics Pharmaceuticals for total equity value of about $10 billion ($8.8 billion net of estimated cash acquired). The deal—priced at $85 per share—was announced as a definitive agreement and is expected to close in the third quarter of 2026, subject to regulatory approvals and Crinetics shareholder approval.

Targets
Crinetics Pharmaceuticals, Inc.
Industry
Pharmaceuticals
Location
United States
Transaction Type
Buyout

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