BridgeBio Reports First Quarter 2025 Financial Results and Business Updates

Rhea-AI Summary

BridgeBio Pharma reported strong Q1 2025 results, with $36.7 million in first-quarter U.S. Attruby net product revenue. The company has seen 2,072 unique patient prescriptions from 756 healthcare providers since FDA approval in November 2024.

Key highlights:

• Cash position of $540.6 million, with additional $105 million in milestone payments expected in Q2
• Total revenues of $116.6 million for Q1 2025
• Successful global expansion with BEYONTTRA approvals in EU, UK, and Japan
• Positive results in hypochondroplasia and hypoparathyroidism trials

The company's pipeline shows progress across multiple programs, including acoramidis for ATTR-CM, BBP-418 for LGMD2I/R9, and encaleret for ADH1. Notable achievements include a 42% reduction in all-cause mortality for Attruby and 78% success rate in encaleret's proof-of-principle study for hypoparathyroidism.

Positive

• $36.7M in first quarter Attruby revenue with 2,072 unique patient prescriptions from 756 prescribers
• Strong cash position of $540.6M plus anticipated $105M in Q2 milestone payments
• Multiple regulatory approvals: BEYONTTRA in EU, UK, and Japan
• 78% success rate in encaleret hypoparathyroidism trial
• FDA alignment on Accelerated Approval pathway for BBP-812 in Canavan disease
• Successful $500M convertible notes offering with 1.75% interest rate
• Pipeline advancement with multiple Phase 3 trials fully enrolled

Negative

• 94.5M decrease in total revenues vs same period last year ($116.6M vs $211.1M)
• Net loss increased to $167.4M vs $35.2M in previous year
• Operating expenses increased by $10.2M year-over-year
• SG&A expenses increased by $40.5M due to commercial activities
• $199.2M net cash used in operating activities

Insights

Financial Analyst

BridgeBio shows promising Attruby launch with $36.7M revenue, but wider losses amid commercial build-out and debt refinancing.

BridgeBio's Q1 2025 results reveal a company in commercial transition. The first full quarter of Attruby sales delivered $36.7 million in net product revenue following FDA approval in November 2024. Total revenue reached $116.6 million, down from $211.1 million in Q1 2024, primarily due to lower license revenue as the prior year included significant upfront payments from partnerships with Bayer and Kyowa Kirin.

The company ended Q1 with $540.6 million in cash, which doesn't include $105 million in regulatory milestone payments expected in Q2 from international approvals. BridgeBio successfully refinanced its debt structure by issuing $500 million in convertible notes at 1.75% interest due 2031, using $459 million to repay its previous term loan.

Operating expenses increased to $221.0 million, up $10.2 million year-over-year, driven by a $40.5 million rise in SG&A expenses supporting Attruby's commercialization. This was partially offset by a $29.5 million decrease in R&D costs following the divestiture of two early-stage affiliates and reduced expenses after Attruby's approval.

The quarterly net loss widened to $167.4 million ($0.88 per share) from $35.2 million ($0.20 per share) in Q1 2024, reflecting the substantial commercial investment and the shift from partnership revenue to product commercialization while maintaining multiple late-stage clinical programs.

Biotechnology Analyst

BridgeBio demonstrates strong Attruby commercial uptake with 2,072 prescriptions while advancing multiple late-stage programs toward 2025-2026 readouts.

BridgeBio's commercial launch of Attruby is gaining significant traction, with 2,072 unique patient prescriptions from 756 prescribers since November 2024 approval. The drug's compelling clinical profile—demonstrating 42% reduction in mortality/recurrent hospitalizations and 50% decrease in cardiovascular hospitalizations—appears to be resonating strongly with cardiologists.

Global regulatory momentum continues with approvals for acoramidis (branded BEYONTTRA internationally) in the EU, UK, and Japan, all highlighting the drug's near-complete (≥90%) TTR stabilization. New data presented at ACC revealed a 59% risk reduction for mortality or CV hospitalization in variant ATTR-CM patients.

The company's late-stage pipeline is advancing rapidly with multiple readouts expected within 12-18 months:

• BBP-418 for LGMD2I/R9: Phase 3 FORTIFY trial fully enrolled with 112 participants; interim analysis planned for 2H 2025 could support Accelerated Approval
• Encaleret for ADH1: Phase 3 CALIBRATE study fully enrolled with 71 participants; topline results expected 2H 2025
• Infigratinib for achondroplasia: Phase 3 PROPEL 3 trial fully enrolled with 114 participants; results expected early 2026

Notable emerging programs include encaleret for hypoparathyroidism, which showed 78% of participants achieving normal calcium levels within 5 days, and BBP-812 gene therapy for Canavan disease, which has FDA alignment on an Accelerated Approval pathway using urine NAA as a surrogate endpoint.

- $36.7 million in first full quarter of U.S. Attruby™ net product revenue and as of April 25, 2025, 2,072 unique patient prescriptions written by 756 unique prescribers

- Observational run-in study for hypochondroplasia Phase 2 trial fully enrolled significantly ahead of schedule. The first participant was also dosed in the Phase 2 interventional study

- Proof-of-principle study of encaleret, an oral calcium-sensing receptor antagonist, in hypoparathyroidism resulted in 78% of N=9 study participants achieving concomitant normal blood and urine calcium within 5 days. The Company intends to advance development to enable registration in chronic hypoparathyroidism

- The Company ended the quarter with $540.6 million in cash and cash equivalents, which does not include $105 million in regulatory milestone payments anticipated in Q2 for ex-U.S. approvals of BEYONTTRA®

- Earnings call followed by question-and-answer period for the analyst and institutional investor community today, April 29, 2025 at 4:30 pm ET

PALO ALTO, Calif., April 29, 2025 (GLOBE NEWSWIRE) -- BridgeBio Pharma, Inc. (Nasdaq: BBIO) (“BridgeBio” or the “Company”), a new type of biopharmaceutical company focused on genetic diseases, today announced its financial results for the first quarter ended March 31, 2025, and provided an update on the Company’s revenue, commercial progress of Attruby, and key late-stage pipeline highlights.

Commercial Progress:
The first full quarter of Attruby net product revenue was $36.7 million. As of April 25, 2025, 2,072 unique patient prescriptions for Attruby have been written by 756 unique healthcare providers since FDA approval in November 2024.

“The increasing surge in patient prescriptions by doctors across the U.S. shows that the ATTR-CM community believes what we believe – Attruby delivers profound results for patients with separation from placebo in as early as three months, a 42% reduction in all-cause mortality and recurrent hospitalizations, and a 50% decrease in cardiovascular hospitalizations at 30 months,” said Matt Outten, Chief Commercial Officer of BridgeBio. “With the approval of BEYONTTRA in the EU, UK, and Japan, acoramidis is well positioned to become the global first line therapy of choice for ATTR-CM.”

Pipeline Overview:

Program	Status	Next expected milestone
Acoramidis for ATTR-CM	Approved in U.S., EU, Japan, and UK	First participant in ACT-EARLY Phase 3 to be dosed in 2025
BBP-418 for LGMD2I/R9	FORTIFY, Phase 3 study enrollment completed	Last participant – last visit and interim analysis topline readout in 2H 2025
Encaleret for ADH1	CALIBRATE, Phase 3 study enrollment completed	Last participant – last visit and topline results in 2H 2025
Infigratinib for achondroplasia	PROPEL 3, Phase 3 study enrollment completed	Last participant – last visit in 2H 2025 and topline results in early 2026
Encaleret for chronic hypoparathyroidism	Phase 2 proof-of-principle study ongoing	Registrational study to be initiated in 2026
Infigratinib for hypochondroplasia	Phase 2 first participant dosed	Enrollment completion in 2H 2025
BBP-812 for Canavan disease	CANaspire, registrational Phase 1/2 study ongoing	Enrollment completion in 2H 2025

Key Program Updates:

“I’m grateful that Attruby has found a place and is continuing to grow in the front line of the ATTR-CM paradigm,” said Neil Kumar, Ph.D., CEO and founder of BridgeBio. “This success is due to its stellar clinical efficacy, safety profile, and the access work we have done to ensure patients in need can get our drug. As we continue to demonstrate our commercial capabilities, I’m also pleased to observe our continued distinctive performance in clinical development – this quarter’s announcements regarding our hypochondroplasia and hypoparathyroidism programs are good examples of our speed and breadth of capabilities.”

Attruby (acoramidis) – First near-complete (≥90%) transthyretin (TTR) stabilizer for treatment of transthyretin amyloid cardiomyopathy (ATTR-CM):

• Acoramidis was approved as BEYONTTRA by the European Commission in February 2025, the Japanese Ministry of Health, Labour, and Welfare (MHLW) Agency in March 2025, and the United Kingdom Medicines and Healthcare Products Regulatory Agency in April 2025 with all labels specifying near-complete stabilization of TTR.
• At this year’s American College of Cardiology (ACC) Annual Scientific Sessions & Expo, BridgeBio shared a prespecified analysis that acoramidis achieved statistical significance with a 59% risk reduction for time to all-cause mortality or first cardiovascular-related hospitalization versus placebo in the ATTRibute-CM study subgroup of variant ATTR-CM patients.
• More data on the benefit of Attruby will be shared at the European Society of Cardiology Heart Failure Congress in May 2025 and at additional medical meetings in the second half of 2025.
  
  

BBP-418 – Glycosylation substrate for limb-girdle muscular dystrophy type 2I/R9 (LGMD2I/R9):

• FORTIFY is a Phase 3 clinical trial of BBP-418 in LGMD2I/R9, a rare genetic disorder caused by variants in the fukutin‑related protein (FKRP) gene that results in progressive muscle degeneration and damage, and eventual loss of functional independence. The trial is fully enrolled with 112 participants and is the largest prospective interventional study to ever be conducted in LGMD2I/R9.
• The study includes a planned interim analysis at 12 months focused on assessing a surrogate endpoint biomarker (glycosylated alpha-dystroglycan) to support a potential Accelerated Approval in the U.S.
• BridgeBio expects last participant – last visit and topline readout of the interim analysis cohort in the second half of 2025.
• If successful, BBP-418 would be the first approved therapy for individuals living with LGMD2I/R9.
  
  

Encaleret – Calcium-sensing receptor (CaSR) antagonist for autosomal dominant hypocalcemia type 1 (ADH1) and chronic hypoparathyroidism:

• CALIBRATE, the Phase 3 clinical trial of encaleret in ADH1, a genetic form of hypoparathyroidism, is fully enrolled with 71 participants. The registrational study is the largest prospective interventional study to ever be conducted in ADH1.
• BridgeBio expects last participant – last visit and to report topline results in the second half of 2025.
• If successful, encaleret would be the first approved therapy for individuals living with ADH1.
• A Phase 2 proof-of-principle clinical trial of encaleret in participants with hypoparathyroidism resulted in 78% of N=9 study participants achieving concomitant normal blood and urine calcium within 5 days. The Company intends to advance development to enable registration in chronic hypoparathyroidism.
  
  

Infigratinib – FGFR1-3 inhibitor for achondroplasia and hypochondroplasia:

• PROPEL 3, the Phase 3 clinical trial of infigratinib in achondroplasia, the most common form of disproportionate short stature, is fully enrolled with 114 participants randomized.
• BridgeBio expects to achieve last participant – last visit in the second half of 2025 and topline results in early 2026.
• The Company has reached regulatory alignment with the FDA on the clinical development plan for infigratinib in children with achondroplasia from birth to less than 3 years old. The Company expects to initiate clinical development in this important age range by the end of the year.
• The observational run-in study for the Phase 2 portion of ACCEL 2/3 clinical trial for individuals with hypochondroplasia achieved full enrollment significantly ahead of schedule. The first participant was also dosed in the Phase 2 portion of ACCEL 2/3.
• Supportive preclinical data shows single-digit nanomolar potency against pathogenic FGFR3 variants and improved skeletal growth in a mouse model of hypochondroplasia, supporting the advancement of infigratinib into clinical development for hypochondroplasia.
• If successful, infigratinib would be the first approved oral therapy for children living with achondroplasia and hypochondroplasia.
  
  

BBP-812 – Adeno-associated virus (AAV) 9 gene therapy for Canavan disease:

• Data from CANaspire, the ongoing clinical trial of BBP-812, were presented at the National Tay-Sachs & Allied Diseases Association (NTSAD) Annual Family Conference, showing that participants continue to have significant, sustained reductions in urine N-acetylaspartate (NAA) and meaningful, dose-dependent improvements in motor function compared to children with Canavan in the natural history study.
• Recent interactions with the FDA indicate alignment on an Accelerated Approval pathway based on the ongoing CANaspire trial for BBP-812 in Canavan disease using urine NAA as a surrogate endpoint. The FDA understands the unmet need for the condition and has expressed openness to collaborate with BridgeBio to bring this therapy to children living with the disease as quickly as possible.
• If successful, BBP-812 would be the first therapy for children born with Canavan disease.
  
  

Corporate Updates:

• BridgeBio priced $500 million aggregate principal amount of 1.75% convertible senior notes due 2031 (“2031 Notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. In connection with the offering, the Company granted the initial purchasers an option to purchase up to an additional $75 million aggregate principal amount of notes. The net proceeds BridgeBio received from the Note Offering were equal to approximately $563.0 million, after deducting the Initial Purchasers’ discount and offering expenses. BridgeBio used approximately $48.3 million and repurchased shares of its common stock. BridgeBio used approximately $459 million of the net proceeds from the 2031 Notes to repay and terminate the term loan.
• The Company ended the quarter with $540.6 million in cash and cash equivalents, which does not include $105 million in regulatory milestone payments anticipated in Q2 for ex-U.S. approvals of BEYONTTRA.
• Thomas Trimarchi, Ph.D. was appointed President and Chief Financial Officer of the Company.
  
  

Financial Updates:

Cash and Cash Equivalents

Cash and cash equivalents totaled $540.6 million as of March 31, 2025, compared to $681.1 million as of December 31, 2024. The $140.5 million net decrease in cash and cash equivalents was primarily attributable to net cash used in operating activities of $199.2 million, repayment of the Company’s previous term loan under the credit facility, including prepayment fees, of $459.0 million, and the repurchase of common stock of $48.3 million using proceeds from the 2031 Notes during the three months ended March 31, 2025. These decreases in cash and cash equivalents were partially offset by net proceeds of $563.0 million received from the issuance of the 2031 Notes.

Revenues

Revenues for the three months ended March 31, 2025, were $116.6 million compared to $211.1 million for the same period in the prior year. The $94.5 million decrease in revenues was primarily due to a $131.2 million decrease in license and services revenue, offset by a $36.7 million increase in net product revenue.

License and services revenue

License and services revenue for the three months ended March 31, 2025 was $79.9 million compared to $211.1 million for the same period in the prior year. Revenue recognized during the three months ended March 31, 2025 primarily consists of $75.0 million related to the achievement of the regulatory milestone under the exclusive license and collaboration agreement with Bayer Consumer Care AG (a subsidiary of Bayer AG) (“Bayer”), triggered by the European Commission’s approval of BEYONTTRA. A portion of the remaining revenue mainly reflects the incremental service revenue recognized from the non-refundable upfront payments received in 2024 under the exclusive license agreements with Bayer and Kyowa Kirin Co., Ltd (“KKC”). Revenue for the three months ended March 31, 2024, was primarily attributable to the recognition of the majority of the non-refundable upfront payments under the Bayer and the KKC exclusive license agreements.

Net product revenue

Net product revenue for the three months ended March 31, 2025 was $36.7 million and relates to revenue generated from the commercial sale of Attruby in the U.S. following FDA approval in November 2024.

Operating Costs and Expenses

Operating costs and expenses for the three months ended March 31, 2025 were $221.0 million compared to $210.8 million for the same period in the prior year.

Operating costs and expenses increased by $10.2 million for the three months ended March 31, 2025, compared to the same period in the prior year. The increase was primarily driven by a $40.5 million rise in selling, general and administrative expenses (“SG&A”), mainly to support the commercial activities of Attruby. This included higher marketing, advertising, and personnel expenses due to the buildup of BridgeBio’s salesforce in the U.S. Additionally, cost of revenues increased by $2.0 million, primarily reflecting the cost of goods sold following the commercial launch of Attruby upon FDA approval in November 2024.

These increases were partially offset by a $29.5 million decrease in research and development expenses (“R&D”), largely due to the divestiture of two early-stage R&D affiliates in 2024, whose expenses are no longer reflected in the current period. The decrease also reflects lower license fees and reduced R&D costs following the FDA approval of Attruby. Restructuring, impairment, and related charges also declined by $2.8 million as we are nearing completion of BridgeBio’s restructuring initiatives.

Stock-based compensation expenses included in operating costs and expenses for the three months ended March 31, 2025, were $29.4 million, of which $18.0 million is included in SG&A expenses, $11.3 million is included in R&D expenses, and $0.1 million is included in cost of goods sold. Stock-based compensation expenses included in operating costs and expenses for the same period in the prior year were $28.9 million, of which $16.1 million is included in SG&A expenses and $12.8 million is included in R&D expenses.

Total Other Income (Expense), Net

Total other income (expense), net for the three months ended March 31, 2025, was $65.2 million of other expense, net compared to $36.5 million of other expense, net for the same period in the prior year.

The increase in total other expense, net of $28.7 million for the three months ended March 31, 2025, compared to the same period in the prior year, was primarily due to an increase in interest expense of $18.7 million and a net loss from equity method investments of $15.6 million, partially offset by a decrease in loss on extinguishment of debt of $5.4 million.

Net Loss Attributable to Common Stockholders of BridgeBio and Net Loss per Share

For the three months ended March 31, 2025, the Company recorded a net loss attributable to common stockholders of BridgeBio of $167.4 million, compared to $35.2 million, for the three months ended March 31, 2024.

For the three months ended March 31, 2025, the Company reported a net loss per share of $0.88 compared to $0.20, for the three months ended March 31, 2024.

BRIDGEBIO PHARMA, INC. Condensed Consolidated Statements of Operations (in thousands, except shares and per share amounts)
		Three Months Ended March 31,
		2025				2024
		(Unaudited)
Revenues:
License and services revenue		$	79,894			$	211,120
Net product revenue			36,739				—
Total revenues, net			116,633				211,120
Operating costs and expenses:
Cost of revenues:
Cost of license and services revenue			605				598
Cost of goods sold			2,034				—
Total cost of revenues			2,639				598
Research and development			111,431				140,972
Selling, general and administrative			106,365				65,807
Restructuring, impairment and related charges			570				3,400
Total operating costs and expenses			221,005				210,777
Income (loss) from operations			(104,372	)			343
Other income (expense), net:
Interest income			5,385				4,075
Interest expense			(42,141	)			(23,471	)
Loss on extinguishment of debt			(21,155	)			(26,590	)
Net loss from equity method investments			(15,556	)			—
Other income (expense), net			8,231				9,483
Total other income (expense), net			(65,236	)			(36,503	)
Net loss			(169,608	)			(36,160	)
Net loss attributable to redeemable convertible noncontrolling interests and noncontrolling interests			2,186				944
Net loss attributable to common stockholders of BridgeBio		$	(167,422	)		$	(35,216	)
Net loss per share, basic and diluted		$	(0.88	)		$	(0.20	)
Weighted-average shares used in computing net loss per share, basic and diluted			190,145,253				178,705,310

		Three Months Ended March 31,
Stock-based Compensation		2025				2024
		(Unaudited)
Cost of goods sold		$	91			$	—
Research and development			11,255				12,779
Selling, general and administrative			17,998				16,071
Restructuring, impairment and related charges			46				—
Total stock-based compensation		$	29,390			$	28,850

BRIDGEBIO PHARMA, INC. Condensed Consolidated Balance Sheets (In thousands)
		March 31,				December 31,
		2025				2024
		(Unaudited)				(1)
Assets
Cash and cash equivalents		$	540,599			$	681,101
Accounts receivable, net			115,265				4,722
Inventories			3,954				—
Prepaid expenses and other current assets			35,355				34,869
Investment in nonconsolidated entities			128,191				143,747
Property and equipment, net			6,698				7,011
Operating lease right-of-use assets			7,166				5,767
Intangible assets, net			27,802				23,926
Other assets			16,608				18,195
Total assets		$	881,638			$	919,338
Liabilities, Redeemable Convertible Noncontrolling Interests and Stockholders’ Deficit
Accounts payable		$	27,525			$	9,618
Accrued and other current liabilities			107,751				125,672
Operating lease liabilities			10,124				9,202
Deferred revenue			29,128				31,699
2031 Notes, net			563,124				—
2029 Notes, net			739,372				738,872
2027 Notes, net			545,628				545,173
Term loan, net			—				437,337
Deferred royalty obligation, net			497,299				479,091
Other long-term liabilities			352				286
Redeemable convertible noncontrolling interests			(227	)			142
Total BridgeBio stockholders' deficit			(1,648,395	)			(1,467,904	)
Noncontrolling interests			9,957				10,150
Total liabilities, redeemable convertible noncontrolling interests and stockholders’ deficit		$	881,638			$	919,338

(1

)

The condensed consolidated financial statements as of and for the year ended December 31, 2024 are derived from the audited consolidated financial statements as of that date.

BRIDGEBIO PHARMA, INC. Condensed Consolidated Statements of Cash Flows (Unaudited) (In thousands)
		Three Months Ended March 31,
		2025				2024
Operating activities:
Net loss		$	(169,608	)		$	(36,160	)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation			25,882				17,057
Loss on extinguishment of debt			21,155				26,590
Accretion of debt			25,641				2,015
Depreciation and amortization			1,284				1,596
Noncash lease expense			994				1,069
Net loss from equity method investments			15,556				—
Gain from investment in equity securities, net			—				(8,136	)
Other noncash adjustments, net			(3,973	)			1,631
Changes in operating assets and liabilities:
Accounts receivable, net			(110,543	)			(233,743	)
Inventories			(3,193	)			—
Prepaid expenses and other current assets			(487	)			(3,345	)
Other assets			1,587				444
Accounts payable			17,571				(5,927	)
Accrued compensation and benefits			(19,363	)			(14,969	)
Accrued research and development liabilities			(642	)			11,168
Operating lease liabilities			(1,470	)			(1,595	)
Deferred revenue			(2,571	)			24,024
Other current liabilities			2,945				(1,256	)
Net cash used in operating activities			(199,235	)			(219,537	)
Investing activities:
Purchases of marketable securities			—				(44,395	)
Purchases of investments in equity securities			—				(20,271	)
Proceeds from sales of investments in equity securities			—				63,229
Proceeds from special cash dividends received from investments in equity securities			—				25,682
Payment for an intangible asset			(1,595	)			(797	)
Purchases of property and equipment			—				(695	)
Net cash provided by (used in) investing activities			(1,595	)			22,753
Financing activities:
Proceeds from issuance of 2031 Notes			575,000				—
Issuance costs and discounts associated with 2031 Notes			(12,034	)			—
Repurchase of common stock			(48,276	)			—
Proceeds from term loan under Amended Financing Agreement			—				450,000
Issuance costs and discounts associated with term loan under Amended Financing Agreement			—				(12,254	)
Repayment of term loans			(459,000	)			(473,417	)
Repayment of deferred royalty obligation			(144	)			—
Proceeds from issuance of common stock through public offerings, net			—				315,254
Proceeds from BridgeBio common stock issuances under ESPP			3,237				2,364
Proceeds from stock option exercises, net of repurchases			2,521				537
Transactions with noncontrolling interests			800				—
Repurchase of RSU shares to satisfy tax withholding			(1,776	)			(2,936	)
Net cash provided by financing activities			60,328				279,548
Net increase (decrease) in cash, cash equivalents and restricted cash			(140,502	)			82,764
Cash, cash equivalents and restricted cash at beginning of period			683,244				394,732
Cash, cash equivalents and restricted cash at end of period		$	542,742			$	477,496

		Three Months Ended March 31,
		2025				2024
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest		$	23,271			$	35,315
Supplemental Disclosures of Noncash Investing and Financing Information:
Recognized intangible asset recorded to "Other current liabilities"		$	4,500			$	—
Unpaid issuance costs associated with term loan under Amended Financing Agreement		$	—			$	3,732
Unpaid public offering issuance costs		$	—			$	513
Deferred and unpaid issuance costs recorded to “Other current liabilities”		$	—			$	458
Unpaid property and equipment		$	337			$	70
Transfers to noncontrolling interests		$	(824	)		$	(1,857	)
Reconciliation of Cash, Cash Equivalents and Restricted Cash:
Cash and cash equivalents		$	540,599			$	475,222
Restricted cash — Included in “Prepaid expenses and other current assets”			126				131
Restricted cash — Included in “Other assets”			2,017				2,143
Total cash, cash equivalents and restricted cash at end of periods shown in the condensed consolidated statements of cash flows		$	542,742			$	477,496

Webcast Information
BridgeBio will host its quarterly earnings call and simultaneous webcast on Tuesday, April 29, 2025 at 4:30 pm ET. To access the live webcast of BridgeBio’s presentation, please visit the “Events” page within the Investors section of the BridgeBio website at https://investor.bridgebio.com/news-and-events/event-calendar or register online using the following link, https://events.q4inc.com/attendee/682276610. A replay of the conference call and webcast will be archived on the Company’s website and will be available for at least 30 days following the event.

About Attruby™ (acoramidis)

INDICATION
Attruby is a transthyretin stabilizer indicated for the treatment of the cardiomyopathy of wild-type or variant transthyretin-mediated amyloidosis (ATTR-CM) in adults to reduce cardiovascular death and cardiovascular-related hospitalization.

IMPORTANT SAFETY INFORMATION
Adverse Reactions
Diarrhea (11.6% vs 7.6%) and upper abdominal pain (5.5% vs 1.4%) were reported in patients treated with Attruby versus placebo, respectively. The majority of these adverse reactions were mild and resolved without drug discontinuation. Discontinuation rates due to adverse events were similar between patients treated with Attruby versus placebo (9.3% and 8.5%, respectively).

About BridgeBio Pharma, Inc.
BridgeBio Pharma, Inc. (BridgeBio) is a new type of biopharmaceutical company founded to discover, create, test, and deliver transformative medicines to treat patients who suffer from genetic diseases. BridgeBio’s pipeline of development programs ranges from early science to advanced clinical trials. BridgeBio was founded in 2015 and its team of experienced drug discoverers, developers and innovators are committed to applying advances in genetic medicine to help patients as quickly as possible. For more information visit bridgebio.com and follow us on LinkedIn, Twitter, Facebook, and YouTube.

BridgeBio Pharma, Inc. Forward-Looking Statements
This press release contains forward-looking statements. Statements in this press release may include statements that are not historical facts and are considered forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended (the Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), which are usually identified by the use of words such as “anticipates,” “believes,” “continues,” “estimates,” “expects,” “hopes,” “intends,” “may,” “plans,” “projects,” “remains,” “seeks,” “should,” “will,” and variations of such words or similar expressions. BridgeBio intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. These forward-looking statements, including express and implied statements relating to the Company’s expectations regarding the commercial success of Attruby/BEYONTTRA; the Company’s clinical trials, including the timing for dosing of the first participant in the ACT-EARLY Phase 3 study; the timing of the last participant-last visit and topline data readouts for each of FORTIFY, CALIBRATE and PROPEL 3; the potential for encaleret to become the first approved therapy for treatment of ADH1; the expected advancement of encaleret to a chronic hypoparathyroidism registrational study; the potential for BBP-418 to become the first approved therapy for individuals living with LGMD2I/R9; the potential for infigratinib to become the first approved oral therapy option for children living with achondroplasia and hypochondroplasia; the expected completion of enrollment for BBP-812 in the CANaspire pivotal Phase 1/2 study in Canavan disease; the potential for BBP-812 to be the first therapeutic option for children born with Canavan disease; the Company’s anticipated funding of its current operations and related timelines; and the Company’s expectations regarding reaching regulatory and commercial milestones and receipt of milestone payments, among others, reflect the Company’s current views about its plans, intentions, expectations and strategies, which are based on the information currently available to the Company and on assumptions the Company has made. Although the Company believes that its plans, intentions, expectations and strategies as reflected in or suggested by those forward-looking statements are reasonable, the Company can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a number of risks, uncertainties and assumptions, including, but not limited to, initial and ongoing data from the Company’s preclinical studies and clinical trials not being indicative of final data, the potential size of the target patient populations the Company’s product candidates are designed to treat not being as large as anticipated, the design and success of ongoing and planned clinical trials, future regulatory filings, approvals and/or sales, despite having ongoing and future interactions with the FDA or other regulatory agencies to discuss potential paths to registration for the Company’s product candidates, the FDA or such other regulatory agencies not agreeing with the Company’s regulatory approval strategies, components of the Company’s filings, such as clinical trial designs, conduct and methodologies, or the sufficiency of data submitted, the continuing success of the Company’s collaborations, the Company’s ability to obtain additional funding, including through less dilutive sources of capital than equity financings, potential volatility in the Company’s share price, the impacts of current macroeconomic and geopolitical events, including changing conditions from hostilities in Ukraine and in Israel and the Gaza Strip, increasing rates of inflation, changing interest rates and the recently announced tariffs, on business operations and expectations, as well as those risks set forth in the Risk Factors section of the Company’s most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K and the Company’s other filings with the U.S. Securities and Exchange Commission. Moreover, the Company operates in a very competitive and rapidly changing environment in which new risks emerge from time to time. These forward-looking statements are based upon the current expectations and beliefs of the Company’s management as of the date of this press release, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Except as required by applicable law, the Company assumes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

BridgeBio Media Contact:
Bubba Murarka, Executive Vice President
contact@bridgebio.com
(650)-789-8220

BridgeBio Investor Contact:
Chinmay Shukla, VP Strategic Finance
ir@bridgebio.com

FAQ

How much revenue did BridgeBio (BBIO) generate from Attruby sales in Q1 2025?

BridgeBio generated $36.7 million in net product revenue from Attruby sales in its first full quarter of U.S. commercialization, with 2,072 unique patient prescriptions written by 756 unique prescribers as of April 25, 2025.

What is BridgeBio's (BBIO) cash position after Q1 2025?

BridgeBio ended Q1 2025 with $540.6 million in cash and cash equivalents, with an additional $105 million in regulatory milestone payments expected in Q2 2025 for ex-U.S. approvals of BEYONTTRA.

How effective is BridgeBio's (BBIO) Attruby drug for ATTR-CM patients?

Attruby demonstrated a 42% reduction in all-cause mortality and recurrent hospitalizations, and a 50% decrease in cardiovascular hospitalizations at 30 months, with benefits showing as early as three months into treatment.

What are the key clinical trial milestones for BridgeBio (BBIO) in 2025?

BridgeBio expects several key trial results in 2H 2025, including topline readouts for BBP-418 in LGMD2I/R9, encaleret in ADH1, and completion of enrollment for infigratinib in hypochondroplasia.

What international approvals did BridgeBio's (BBIO) BEYONTTRA receive in early 2025?

BEYONTTRA received approvals from the European Commission in February 2025, Japanese MHLW in March 2025, and the UK Medicines and Healthcare Products Regulatory Agency in April 2025.