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BridgeBio Pharma, Inc. (Nasdaq: BBIO) is a pioneering commercial-stage biopharmaceutical company that specializes in the discovery, creation, and delivery of transformative medicines for patients suffering from genetic diseases and cancers with clear genetic drivers. Established in 2015, the company is headquartered in Palo Alto, California. BridgeBio's mission is to address significant unmet medical needs through genetic medicine by leveraging a comprehensive pipeline of development programs that span from early-stage scientific research to late-stage clinical trials.
The company's core focus areas include Mendelian diseases, Genetic Dermatology, Oncology, and Gene Therapy. BridgeBio’s innovative approach involves systematically mapping the genetic disease landscape to identify promising therapeutic assets. Their proprietary platform and management expertise are harnessed to accelerate the development of these early-stage assets into clinically impactful treatments.
BridgeBio’s robust pipeline boasts several notable programs:
- Acoramidis (AG10): Aiming to treat transthyretin amyloid cardiomyopathy (ATTR-CM), this next-generation, orally-administered TTR stabilizer has shown positive results in the Phase 3 ATTRibute-CM trial. The New Drug Application (NDA) for acoramidis has been accepted by the FDA, with a target decision date set for November 29, 2024.
- Infigratinib: Targeting achondroplasia and hypochondroplasia, this FGFR1-3 inhibitor aims to address skeletal dysplasias. The PROPEL 2 Phase 2 trial has demonstrated significant and sustained increases in growth velocity.
- BBP-418: Designed for limb-girdle muscular dystrophy type 2I/R9 (LGMD2I/R9), this glycosylation substrate is under Phase 3 trials, with the potential for accelerated approval based on recent interactions with the FDA.
BridgeBio's track record includes successful capital raises, strategic partnerships, and a series of public offerings that have strengthened its financial positioning. The company recently completed a $200 million private financing for its oncology subsidiary, BridgeBio Oncology Therapeutics, to accelerate the development of its precision oncology pipeline.
Key recent developments include:
- The initiation of a comprehensive equity grants program to attract top talent in the biopharmaceutical industry.
- Positive results from multiple clinical trials, including significant improvements in health-related quality of life measures for patients with ATTR-CM treated with acoramidis.
- Ongoing collaborations with global pharmaceutical leaders like Bayer for the commercial development and distribution of key assets in international markets.
BridgeBio remains committed to advancing genetic medicine and delivering groundbreaking therapies to improve patient lives. For more information, visit bridgebio.com and follow them on LinkedIn and Twitter.
BridgeBio Pharma will present additional analyses from its Phase 3 ATTRibute-CM study on Acoramidis at the 2024 International Symposium on Amyloidosis (ISA) in Rochester, Minnesota from May 26-30, 2024. The company will host an investor call on May 29, 2024, at 5:30 pm ET to discuss the data, featuring presentations from noted medical experts.
The presentations will highlight Acoramidis' impact on clinical outcomes, including improved survival rates and reduced cardiovascular mortality and hospitalizations in transthyretin amyloid cardiomyopathy (ATTR-CM) patients. Key insights from the trial will also be shared, focusing on quality of life improvements, reduced disease progression, and enhanced biomarkers.
For more details, visit BridgeBio's investor website where all presentations will be accessible.
BridgeBio Pharma, a biopharmaceutical company focusing on genetic diseases and cancers, announced the approval of equity grants to 24 new employees. These grants, totaling 97,557 shares of the Company's common stock, were approved by the compensation committee on May 9, 2024. The vesting schedule for these restricted stock units starts on May 16, 2025, with one-fourth of the shares vesting initially, followed by quarterly vesting of the remaining shares. These inducements, granted under the Amended and Restated 2019 Inducement Equity Plan, comply with Nasdaq Listing Rule 5635(c)(4).
BridgeBio Pharma, a commercial-stage biopharmaceutical company focused on genetic diseases and cancers, will present at the Bank of America Merrill Lynch Global Healthcare Conference 2024.
The event is scheduled for May 15 at 3:00 pm PT in Las Vegas, NV. The presentation will be accessible via a live webcast on the company's investor relations website, with a replay available for 90 days.
BridgeBio Pharma presented positive results from its Phase 3 ATTRibute-CM study at the ESC Heart Failure Congress 2024. Acoramidis significantly reduced all-cause mortality in the entire study population, with no safety concerns. The treatment also showed benefits in health-related quality of life and NT-proBNP indices. Acoramidis has been submitted for regulatory approval in the US and Europe.
BridgeBio Pharma, Inc. reported significant progress in various programs with positive results in ATTR-CM and LGMD2I/R9 trials. The company secured $1.5 billion in capital, launched BridgeBio Oncology Therapeutics (BBOT), and expects approvals for acoramidis in 2025. Despite positive results, operational costs surged, leading to a net loss for the quarter.
BridgeBio Pharma, Inc. has launched BridgeBio Oncology Therapeutics (BBOT) with $200M in private external capital to accelerate the development of its precision oncology pipeline. The financing was led by Cormorant Asset Management and co-led by Omega Funds, with participation from various investors. BBOT will focus on developing three initial programs targeting RAS and PI3K pathways, with plans to advance into clinical trials in the coming months.
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