Cramer: Keep an Eye on Vertex's Non-Opioid Pain Drug and Lilly's Potential Blockbuster Diabetes Drug
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CNBC's Jim Cramer suggested investors watch Vertex Pharmaceuticals, which is developing a non-opioid pain drug called VX-548. He says it could be a huge market opportunity.
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Vertex makes most revenue from its cystic fibrosis drug Trikafta, but has late-stage trials underway for VX-548 to create a new class of non-addictive pain meds.
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Results from late-stage studies of VX-548 expected within the year. Analysts say its potential is underappreciated.
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Cramer's Charitable Trust owns Eli Lilly stock, partly due to its drug Mounjaro for diabetes and obesity. He says it could become the best-selling drug ever.
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Cramer's Charitable Trust portfolio includes Vertex, Eli Lilly and other stocks. Mounjaro expected to expand into obesity treatment by year-end.