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                Below 
                  is an edited excerpt of a press release issued by Vertex describing 
                  the recent regulatory developments. 
              
                U.S. 
                  FDA and Health Canada Grant Priority Reviews for Telaprevir 
                  for the Treatment of Hepatitis C
 
 
                     
                      |  | Six-month 
                        review date of May 23, 2011 set by FDA |  Cambridge, Mass. -- January 20, 2011 -- Vertex Pharmaceuticals 
                  Incorporated (Nasdaq: VRTX) announced today that the U.S. Food 
                  and Drug Administration (FDA) has accepted the New Drug Application 
                  (NDA) for telaprevir and granted the company's request for six-month 
                  Priority Review. Telaprevir is Vertex's lead medicine in development 
                  for people with genotype 1 chronic hepatitis C. The FDA grants 
                  Priority Review to medicines that offer major advances in treatment 
                  or provide a treatment where no adequate therapy exists. A target 
                  review date of May 23, 2011 is set under the Prescription Drug 
                  User Fee Act (PDUFA) for the FDA's approval decision, which 
                  is four months earlier than the standard review time of 10 months.
 
 Additionally, Vertex today announced the completion of a New 
                  Drug Submission (NDS) to the Therapeutic Product Directorate 
                  (TPD) of Health Canada seeking approval for telaprevir in Canada. 
                  Telaprevir was also granted Priority Review in Canada, which 
                  allows for faster review for promising medicines that address 
                  life-threatening or severely debilitating conditions and for 
                  which there are few effective therapies already available. Standard 
                  review in Canada takes 18 months or more and Priority Review 
                  typically shortens the review time to approximately six to nine 
                  months.
 
 In December 2010, Janssen-Cilag International NV announced that 
                  the European Medicines Agency (EMA) accepted telaprevir for 
                  accelerated assessment in Europe, which is granted to new medicines 
                  of major public health interest.
 
 "Data from Phase 3 studies showed that when compared to 
                  currently available medicines, telaprevir-based combination 
                  therapy nearly doubled viral cure rates and cut treatment time 
                  in half for the majority of patients new to treatment," 
                  said Peter Mueller, PhD, Chief Scientific Officer and Executive 
                  Vice President of Global Research and Development at Vertex. 
                  "We look forward to working with the FDA and Health Canada 
                  to make telaprevir available as quickly as possible for people 
                  with hepatitis C."
 
 Data to Support the Telaprevir Submissions
 
 The regulatory submissions in the United States, Canada and 
                  Europe are supported by data from three Phase 3 studies, known 
                  as ADVANCE, ILLUMINATE and REALIZE, which evaluated up to 12 
                  weeks of telaprevir 
                  in combination with Pegasys (pegylated-interferon alfa-2a) and 
                  Copegus (ribavirin) in people chronically infected with 
                  genotype 1 hepatitis C virus (HCV) who were new to treatment 
                  as well as those who were treated before with currently available 
                  medicines but did not achieve a sustained viral response (SVR, 
                  or viral cure). In these studies, treatment with telaprevir-based 
                  combination therapy resulted in significantly higher viral cure 
                  rates compared to approved medicines, regardless of prior treatment 
                  experience, race or stage of liver disease. Up to 75 percent 
                  of people new to treatment achieved a viral cure with telaprevir-based 
                  therapy. The majority of these people were able to complete 
                  their course of treatment at six months -- half the time needed 
                  with currently available medicines. Among those who did not 
                  achieve a viral cure with a prior treatment course of currently 
                  available medicines, Phase 3 data showed that telaprevir-based 
                  combination therapy resulted in viral cure rates three to five 
                  times higher compared to re-treatment with currently available 
                  medicines. 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 regimen 
                  were rash, fatigue, pruritis, headache, nausea, anemia, insomnia, 
                  diarrhea, flu-like symptoms and pyrexia, with the majority being 
                  mild or moderate in severity.
 
 Vertex provided a summary of Phase 3 results, including SVR 
                  and safety data for telaprevir, in its November 
                  23, 2010 press release announcing the NDA submission.
 
 About Telaprevir
 
 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.
 
 Vertex is developing telaprevir in collaboration with Tibotec 
                  BVBA and Mitsubishi Tanabe Pharma. Vertex has rights to commercialize 
                  telaprevir in North America. Through its affiliate, Janssen, 
                  Tibotec has rights to commercialize telaprevir 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.
 
 About Vertex
 
 
  Vertex 
                  creates new possibilities in medicine. Our team aims to discover, 
                  develop and commercialize innovative therapies so people with 
                  serious diseases can lead better lives. Vertex scientists and 
                  our collaborators are working on new medicines to cure or significantly 
                  advance the treatment of hepatitis C, cystic fibrosis, epilepsy 
                  and other life-threatening diseases. Founded more than 20 years 
                  ago in Cambridge, MA, we now have ongoing worldwide research 
                  programs and sites in the U.S., U.K. and Canada. 
 About Vertex in Canada
 
 In 2009, Vertex established a research and development site 
                  in Laval, Quebec through the acquisition of Virochem Pharma, 
                  Inc. Vertex is expanding its existing research and development 
                  infrastructure with the addition of commercial and medical teams 
                  to support the potential launch of telaprevir in Canada.
 
 For more information and to view Vertex's press releases, please 
                  visit www.vrtx.com.
 
              
                1/25/11 SourceVertex Pharmaceuticals. U.S. FDA and Health Canada Grant Priority 
                  Reviews for Telaprevir for the Treatment of Hepatitis C. Press 
                  release. January 20, 2011.
 
 
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