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