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Casgevy Starts Paying Off for CRISPR: Rapid Earnings Reaction

CRISPR Therapeutics (NASDAQ: CRSP) said sales of Casgevy, the sickle cell and beta thalassemia therapy it shares with Vertex Pharmaceuticals (NASDAQ: VRTX), reached $99 million in the third quarter. Shares fell about 2% in early after-hours trading. Casgevy is starting to pay CRISPR back, but the quarterly loss barely moved, so the pipeline still carries the stock.

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