{"id":815456,"date":"2025-02-20T07:33:34","date_gmt":"2025-02-20T12:33:34","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bridgebio-pharma-reports-fourth-quarter-and-full-year-2024-financial-results-and-commercial-update\/"},"modified":"2025-02-20T07:33:34","modified_gmt":"2025-02-20T12:33:34","slug":"bridgebio-pharma-reports-fourth-quarter-and-full-year-2024-financial-results-and-commercial-update","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bridgebio-pharma-reports-fourth-quarter-and-full-year-2024-financial-results-and-commercial-update\/","title":{"rendered":"BridgeBio Pharma Reports Fourth Quarter and\u00a0Full Year 2024 Financial Results and Commercial Update"},"content":{"rendered":"
\n

\n – As of February 17, 2025, 1,028 unique patient prescriptions for Attruby\u2122<\/em>
\n \u00a0have been written by 516 unique prescribers since FDA approval<\/em>\n <\/p>\n

\n – Attruby (acoramidis), the first and only near-complete TTR stabilizer (\u226590%) was approved by the FDA to reduce cardiovascular death and cardiovascular-related hospitalization in ATTR-CM patients on November 22, 2024<\/em>\n <\/p>\n

\n – Acoramidis was approved as BEYONTTRA\u2122<\/em>
\n \u00a0in the EU on February 10, 2025, achieving a $75 million milestone payment and ongoing royalties in a tiered structure beginning in the low-thirties percent on sales in the EU<\/em>\n <\/p>\n

\n – Acoramidis demonstrated a 59% hazard reduction on the composite endpoint of all-cause mortality and first cardiovascular-related hospitalization in the variant ATTR-CM population by month 30; to the Company’s knowledge, this benefit is the largest and the only statistically significant result in this patient population, which has an aggressive phenotype and poor prognosis<\/em>\n <\/p>\n

\n – Fully enrolled three global registrational studies \u2013 FORTIFY (BBP-418 for LGMD2I\/R9), CALIBRATE (encaleret for ADH1), and PROPEL 3 (infigratinib for achondroplasia) \u2013 with last participant \u2013 last visit expected for each study before the end of 2025 <\/em>\n <\/p>\n

\n – The Company ended the fourth quarter with $681 million in cash, cash equivalents, and short-term restricted cash. Further, the Company expects to receive $105 million in regulatory milestones in 1H 2025 from acoramidis Europe and Japan approvals<\/em>\n <\/p>\n

PALO ALTO, Calif., Feb. 20, 2025 (GLOBE NEWSWIRE) — BridgeBio Pharma, Inc. (Nasdaq: BBIO) (\u201cBridgeBio\u201d or the \u201cCompany\u201d), a new type of biopharmaceutical company focused on genetic diseases announced today its financial results for the fourth quarter and full year ended December 31, 2024, and provided an update on Attruby\u2019s commercial progress.<\/p>\n

\n
\n Commercial Progress:<\/u>
\n <\/strong>
\n
As of February 17, 2025, 1,028 unique patient prescriptions for Attruby have been written by 516 unique healthcare providers since FDA approval.<\/p>\n

\u201dI am very encouraged by the strength of the Attruby launch, with prescriptions being successfully filled across all patient types,\u201d said Matt Outten, Chief Commercial Officer of BridgeBio. \u201cIn conversations with healthcare providers and patients, we have repeatedly heard that Attruby’s category-leading results – time to separation of just three months, along with a 42% reduction in all-cause mortality and recurrent hospitalizations and a 50% reduction in cardiovascular hospitalizations at 30 months – set it apart as a clinically meaningful advancement for ATTR-CM. Combined with our industry-leading patient support programs, we believe Attruby is delivering a much-needed change in the treatment landscape.\u201d<\/p>\n

\n
\n Pipeline Overview:<\/u>
\n <\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n
\n Program<\/strong>\n <\/td>\n\n Status<\/strong>\n <\/td>\n\n Next expected milestone <\/strong>\n <\/td>\n<\/tr>\n
Acoramidis for ATTR-CM<\/td>\nApproved in U.S. and EU<\/td>\nJapan approval in 1H 2025<\/td>\n<\/tr>\n
BBP-418 for LGMD2I\/R9\u00a0<\/td>\nFORTIFY, Phase 3 study enrollment completed\u00a0<\/td>\nLast Participant \u2013 Last Visit and Topline results in 2H 2025<\/td>\n<\/tr>\n
Encaleret for ADH1<\/td>\nCALIBRATE, Phase 3 study enrollment completed\u00a0<\/td>\nLast Participant \u2013 Last Visit and Topline results in 2H 2025<\/td>\n<\/tr>\n
Infigratinib for achondroplasia<\/td>\nPROPEL 3, Phase 3 study enrollment completed\u00a0<\/td>\nLast Participant \u2013 Last Visit in 2H 2025<\/td>\n<\/tr>\n
Infigratinib for hypochondroplasia<\/td>\nACCEL, run-in for Phase 2 study ongoing<\/td>\nEnrollment completion date to be announced<\/td>\n<\/tr>\n
BBP-812 for Canavan disease<\/td>\nCANaspire Phase 1\/2 study ongoing<\/td>\nEnrollment completion date to be announced<\/td>\n<\/tr>\n<\/table>\n

\n
\n
\n
Key Program Updates:<\/u>
\n <\/strong>
\n
\u201cIt is exciting to see patients, physicians, and payers resonate with our message that the greater levels of TTR stabilization that Attruby delivers can be of benefit to the patients we serve and that the TTR protein is clinically important, not toxic.\u201d said Neil Kumar, Ph.D., Founder and CEO of BridgeBio. \u201cWe look forward to continuing to partner with the community to ensure that we find all patients that can be helped and ease their path to getting on therapy, when appropriate, as much as possible.\u201d<\/p>\n

\n Attruby (acoramidis)<\/strong> \u2013 the first approved, near-complete (\u226590%) TTR stabilizer for treatment of transthyretin amyloid cardiomyopathy (ATTR-CM):<\/p>\n