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Filed Pursuant to Rule 424(b)(3)
Registration No. 333-116376

PROSPECTUS SUPPLEMENT NO. 2 DATED JUNE 30, 2005
(TO PROSPECTUS DATED SEPTEMBER 10, 2004)

VERTEX PHARMACEUTICALS INCORPORATED

$153,135,000 53/4% Convertible Senior Subordinated Notes Due 2011
10,250,000 Shares of Common Stock Issuable Upon Conversion of the Notes

        This Prospectus Supplement No. 2 supplements and amends the Prospectus dated September 10, 2004 (the "Prospectus"), relating to the resale from time to time by holders of our 53/4% Convertible Senior Subordinated Notes Due 2011 (the "Notes") and shares of our common stock issuable upon the conversion of the Notes. Such information has been obtained from the selling holders. This prospectus supplement should be read in conjunction with the Prospectus, which is to be delivered with this prospectus supplement.

        The information appearing in the table below, as of the date hereof, supplements and amends the information in the table appearing under the heading "Selling Holders" in the Prospectus, and, where the name of a selling holder identified in the table below also appears in the table in the Prospectus, the information set forth in the table below regarding that selling holder supercedes the information in the Prospectus:

05   $ 100,000   6,693
Alameda County Retirement Association Fund B     2,060,000   137,885
Albertsons     1,800,000   120,482
Amaranth LLC     5,000,000   334,672
Bakery & Confectionery Union Pension Fund     1,605,000   107,430
Barclays Global Investors Diversified Alpha Plus Funds     72,000   4,819
Boston Medical Center     100,000   6,693
CDC AM—L/S Bond Fund     100,000   6,693
CDC AM—L/S High Yield Fund     2,300,000   153,949
Childrens Medical Center     250,000   16,734
City of Fresno Employees and Fire Police Retirement System     150,000   10,040
City of Worcester Retirement System     185,000   12,383
Delaware Public Employees Retirement System     950,000   63,588
Desert States UFCW Unions Pension Plan     85,000   5,689
Dow Corning Retirement Plan     155,000   10,375
Ensign Peak Advisors, Inc.     600,000   40,161
Firemens Annuity & Benefit Fund of Chicago—Opportunistic FI     455,000   30,455
Forest Fulcrum Fund LP     53,000   3,548
Forest Global Convertible Fund, Ltd., Class A-5     391,000   26,171
Forest Multi-Strategy Master Fund SPC, on behalf of its Multi-Strategy Segregated Portfolio     454,000   30,388
Hamilton Multi-Strategy Master Fund, LP     4,847,000   324,431
Health Care Security Trust—High Yield     85,000   5,689
HFR CA Global Opportunity Master Trust     35,000   2,343
HFR RVA Select Performance Master Trust     56,000   3,748
High Yield PRIT     2,455,000   164,324
Houston Firefighters Relief & Retirement—Fund B     1,350,000   90,361
Houston Municipal Employees Pension System     575,000   38,487
Ironworkers District Council of New England     275,000   18,407
Kansas Public Employees Retirement System     3,100,000   207,497
LS Bond Fund     12,778,000   855,288
LS High Income Fund     310,000   20,750
LS Institutional High Income Fund     1,200,000   80,321
           

LS Strategic Income Fund     5,225,000   349,732
Lyxor/Forest Fund Limited     223,000   14,926
Manmac 2 Limited     4,453,000   298,059
Massachusetts Laborers Health and Welfare Fund     30,000   2,008
McCarthy Group Asset Management Total Ret     75,000   5,020
Minnesota Laborers Pension Fund     100,000   6,693
MRP Trust     400,000   26,774
New Bedford City Retirement System     225,000   15,060
North Dakota State Investment Board     300,000   20,080
NSTAR Union Medical VEBA     305,000   20,415
NWW, Inc.     225,000   15,060
Partners HealthCare High Yield     75,000   5,020
Partners HealthCare System Inc. Pens. Fd High Yield     200,000   13,387
Partners HealthCare System Inc. Pooled Invest Acct.—LT     50,000   3,347
Peter & Elizabeth Tower Foundation     75,000   5,020
Salomon Brothers Asset Management (2)     19,000,000   1,271,754
Sphinx Convertible Arbitrage SPC     49,000   3,280
State of Connecticut—Fund B     2,570,000   172,021
State of Wisconsin Investment Board     1,551,000   103,815
The Children's Hospital Corporation Pension Fund     25,000   1,673
TransAmerica Life Insurance and Annuity Co.     175,000   11,714
Treasurers Unclaimed Property Fund     115,000   7,697
UA General Officers Retirement Plan     21,000   1,406
UA Local Union Officers & Employees Pension Plan     180,000   12,048
UA Office Employees Retirement Plan     8,000   535
UBS Securities LLC(2)     265,000   17,758
UFCW No. California Employers Joint Pension     265,000   17,738
UFCW Tri-State Pension Fund     275,000   18,407
UMWA Health & Retirement Funds     1,000,000   66,934
Unidentified Securityholders     61,888,000   4,142,390
United Technologies Corporation Master Retirement Trust     1,500,000   100,402
Wachovia Securities International, Ltd     8,500,000   568,943
Xavex Convertible Arbitrage 4 Fund     21,000   1,406
Zurich Institutional Benchmarks Master Fund Ltd.     100,000   6,693
   
 

(1)
The number of securities beneficially owned is determined under the rules of the Securities and Exchange Commission and the information is not necessarily indicative of beneficial ownership for any other purpose. Under those rules, beneficial ownership includes any securities as to which the individual has sole or shared voting power or investment power and also any securities which the individual has the right to acquire within 60 days after the date the selling holder provided this information, through the exercise of any stock option or other right. The inclusion in the table of securities, however, does not constitute an admission that the selling holders are direct or indirect beneficial owners of those securities. The selling holders have sole voting power and investment power with respect to all securities of capital stock listed as owned by the selling holders.

(2)
The selling securityholder is the affiliate of a registered broker-dealer, however the selling securityholder purchased the securities in the ordinary course of business and, at the time of purchase, had no agreements or understandings, directly or indirectly, with any person to distribute the securities.

        The selling holders identified above may have sold, transferred or otherwise disposed of all or a portion of their Notes since the date on which they provided the information about their Notes in transactions exempt from the registration requirements of the Securities Act.




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$153,135,000 5 3/4% Convertible Senior Subordinated Notes Due 2011 10,250,000 Shares of Common Stock Issuable Upon Conversion of the Notes