BridgeBio To No Longer Be Pursuing Development Of BBP-631 For Congenital Adrenal Hyperplasia; Says Actively Seeking Partnership Opportunities To Support Future Development Of BBP-631
Portfolio Pulse from Benzinga Newsdesk
BridgeBio has decided to halt the development of BBP-631 for congenital adrenal hyperplasia (CAH) and is seeking partnerships to support future development of this or next-generation gene therapies. CAH remains a prevalent genetic disease with significant unmet needs.
September 10, 2024 | 8:51 pm
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BridgeBio is halting the development of BBP-631 for CAH and is looking for partnerships to support future gene therapy developments. This decision may impact the company's short-term stock price due to uncertainty but could lead to long-term growth if successful partnerships are formed.
The decision to halt development of BBP-631 introduces uncertainty, which could negatively impact BridgeBio's stock price in the short term. However, the pursuit of partnerships for future development could lead to positive outcomes if successful, but this is a longer-term prospect.
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