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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.