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Form 8-K · Current Report · Filed 2024-03-04

BridgeBio Pharma Inks Exclusive License Agreement with Bayer for Acoramidis in Europe

On March 1, 2024, BridgeBio Pharma, Inc.'s subsidiaries, including Eidos Therapeutics, entered into an exclusive license agreement with Bayer Consumer Care AG to develop and commercialize acoramidis for transthyretin amyloidosis in the European Union and member states of the European Patent Organization.

Filer
BridgeBio Pharma Inc. BBIO · NASDAQ
Filed
Accession
0001140361-24-010920
CIK
0001743881
Signal
Medium impactHealthcare

Details

Eidos is to receive up to $310 million in upfront, regulatory, and sales milestone payments, along with royalties on net sales, subject to certain conditions.

Items reported

Item 1.01

Entry into a Material Definitive Agreement

New Major Contract Strategic Partnership

Market reaction

Close before filing

$35.63

Next session

-16.9%

Since filing

+124.8%

Latest close

$80.09

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from BBIO reporting the same item, with the next session's move:

About BridgeBio Pharma Inc.

BridgeBio Pharma Inc. is a cutting-edge biotechnology company focused on discovering, developing, and delivering transformative medicines for patients with genetic diseases. The company's primary purpose is to bridge the gap in medical research and bring breakthrough therapies to those with rare and often overlooked genetic disorders. By utilizing a targeted approach, BridgeBio Pharma Inc. works across multiple sectors including dermatology, oncology, cardiology, neurology, and endocrinology. The company partners with academic institutions, research organizations, and industry leaders to harness the latest scientific advancements in genomics and biotechnology. Established with a mission to translate genetic research into real-world medical solutions, BridgeBio Pharma Inc. plays a significant role in the biopharmaceutical market. It is heavily involved in the early and late stages of drug development, positioning itself as a key player in the quest to address unmet medical needs. This focus on genetic-centric therapies underlines its importance in the rapidly evolving landscape of biotechnology and personalized medicine.

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