As Health Nonprofit Cashes In, Cystic Fibrosis Drug Remains Unaffordable for Most
Years after investing in the small biotechnology company Vertex to encourage the development of drugs to fight cystic fibrosis—a deadly disease that attacks the lungs and digestive system—the Cystic Fibrosis Foundation announced Wednesday that it has sold its royalties for the medication that resulted from that investment for $3.3 billion—the largest windfall ever made by…